BOE Report

Imperial announces intention to launch substantial issuer bid for up to $2,500,000,000

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that the Board of Directors, on the recommendation of a special committee of independent directors, has authorized the initiation of a substantial issuer bid (the “Offer”) pursuant to which the company will offer to purchase for cancellation up to $2,500,000,000 of its common shares (the “Shares”). The company anticipates that the terms and pricing will be determined, and the Offer will commence, during the [Read more]

Exxon Mobil Corporation declares second quarter dividend

IRVING, Texas - The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of $0.88 per share on the Common Stock, payable on June 10, 2022 to shareholders of record of Common Stock at the close of business on May 13, 2022. This second quarter dividend is at the same level as the dividend paid in the first quarter of 2022. Through its dividends, the corporation has shared its success with its shareholders for more than 100 years and has increased its annual dividend [Read more]

Imperial to hold 2022 first quarter earnings call

CALGARY, Alberta - Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host a 2022 First Quarter Earnings Call on Friday, April 29, following the company’s first quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts. Please click here [Read more]

Emissions from Canadian oil sands are set to decline within next few years even as production grows

CALGARY, Alberta - By the middle of this decade greenhouse gas (GHG) emissions from Canadian oil sands production should be in decline even as production continues to grow, according to a new comprehensive report by S&P Global Commodity Insights that takes into account current technology trends and production growth. Entitled The Trajectory of Oil Sands GHG Emissions: 2009-2035, the report by the S&P Global Oil Sands Dialogue says that long-term trends of reductions to the GHG [Read more]

ConocoPhillips to hold first-quarter earnings conference call on Thursday, May 5

HOUSTON - ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, May 5, 2022, at 12:00 p.m. Eastern time to discuss first-quarter 2022 financial and operating results. The company’s financial and operating results will be released before the market opens on May 5. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 [Read more]

Waterous Energy Fund closes its fourth equity capital raise, acquires Caltex Resources Ltd. and the Tucker Thermal Oil Property, and amalgamates Caltex and Tucker with Strathcona Resources Ltd.

CALGARY, Alberta - Waterous Energy Fund (“WEF”) today announced the closing of the amalgamation of Strathcona Resources Ltd. (“Strathcona”), Caltex Resources Ltd. (“Caltex”), and the Tucker thermal oil property (“Tucker”). The amalgamated entity will continue in business as Strathcona Resources Ltd. and will remain 100% owned by WEF and Strathcona employees. WEF Closes Fourth Capital Raise to Complete Acquisitions of Caltex and Tucker On January 31, 2022, WEF closed its fourth capital [Read more]

ExxonMobil to Discontinue Operations at Sakhalin-1, Make No New Investments in Russia

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today issued the following statement regarding the situation in Ukraine. ExxonMobil supports the people of Ukraine as they seek to defend their freedom and determine their own future as a nation. We deplore Russia’s military action that violates the territorial integrity of Ukraine and endangers its people. We are deeply saddened by the loss of innocent lives and support the strong international response. We are fully complying with all [Read more]

Imperial to hold virtual 2022 Investor Day on March 10

CALGARY, Alberta - Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host the company’s 2022 Investor Day on Thursday, March 10. The event begins at 8 a.m. MT and will be accessible by webcast. At Investor Day, Imperial’s management team will provide an update on the company’s operations and business strategy, followed by a question-and-answer session. Please click here [Read more]

Black & Veatch awarded design for proposed floating LNG project in British Columbia

OVERLAND PARK, Kan. - With its abundant natural gas supply, British Columbia is seeing increased investment in liquefied natural gas (LNG) infrastructure as the world accelerates low- and zero-carbon energy resources. In advancing this effort, Black & Veatch performed the pre-FEED study and now proceeds with full FEED to deliver the proposed Cedar LNG Project that will produce low‑carbon, cost-effective LNG for the global market. The planned floating LNG facility in Kitimat is being [Read more]

ConocoPhillips reports fourth-quarter and full-year 2021 results; increases planned 2022 return of capital to $8 billion and declares quarterly dividend and variable return of cash distribution

HOUSTON - ConocoPhillips (NYSE: COP) today reported fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share, compared with a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share. Excluding special items, fourth-quarter 2021 adjusted earnings were $3.0 billion, or $2.27 per share, compared with a fourth-quarter 2020 adjusted loss of $0.2 billion, or ($0.19) per share. Special items for the current quarter were primarily comprised of non-cash impairments related to the company’s [Read more]