BOE Report

Baker Hughes Company announces fourth quarter and total year 2021 results

LONDON & HOUSTON - Baker Hughes Company (Nasdaq: BKR) ("Baker Hughes" or the "Company") announced results today for the fourth quarter and total year 2021. Three Months Ended Variance (in millions except per share amounts) December 31, 2021 September 30, 2021 December 31, 2020 Sequential Year-over year Orders $ 6,656 $ 5,378 $ 5,188 24 % 28 % Revenue 5,519 5,093 5,495 8 % — % Operating [Read more]

Imperial sets 2030 oil sands emission intensity reduction goal; expects to meet 2023 objective

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) said today it plans further reductions in greenhouse gas emissions intensity over the next decade to help support Canada’s net-zero goals. By the end of 2030, Imperial anticipates reduced Scope 1 and 2 greenhouse gas emissions intensity of its operated oil sands facilities by 30 percent, compared with 2016 levels. The company plans to achieve this through the implementation of lower greenhouse gas next-generation [Read more]

ExxonMobil announces ambition for net zero greenhouse gas emissions by 2050

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today announced its ambition to achieve net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets. The net-zero ambition is contained in the company’s Advancing Climate Solutions - 2022 Progress Report, formerly known as the Energy & Carbon Summary. The net-zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions [Read more]

Imperial to hold 2021 fourth quarter earnings call

CALGARY, Alberta -(TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2021 Fourth Quarter Earnings Call on Tuesday, February 1, following the company’s fourth 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 [Read more]

Imperial to market interests in Montney and Duvernay assets

CALGARY, Alberta - Imperial (TSE: IMO, NYSE American: IMO) today announced its intention to market its interests in XTO Energy Canada jointly with ExxonMobil Canada. Imperial and ExxonMobil Canada each own 50 percent of XTO Energy Canada, which includes assets in the Montney and Duvernay areas of central Alberta. This decision is part of Imperial’s ongoing evaluation of its unconventional portfolio, and is consistent with its strategy to focus upstream resources on key oil sands assets. A [Read more]

Advisory: Chevron Corporation’s 4Q 2021 earnings conference call and webcast

SAN RAMON -Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, January 28, 2022, at 11:00 a.m. ET (8:00 a.m. PT). Conference Call Information: Date: Friday, January 28, 2022 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # (Listen-only mode): 888-609-5704 Conference ID #: 5209887 Speakers: Mike Wirth – Chairman of the Board and Chief Executive Officer Pierre Breber – Vice President and Chief Financial [Read more]

Imperial provides 2022 corporate guidance outlook

CALGARY, Alberta - Imperial (TSE: IMO, NYSE American: IMO) today provided an update on its corporate guidance outlook for 2022. The company’s corporate strategy remains focused on maximizing performance of existing assets, prioritizing shareholder returns and progressing key sustainability initiatives. Capital spending is forecast at $1.4 billion, reflecting continued capital discipline and efficient project execution. Spending for 2022 includes the ramp-up of the in-pit tailings project at [Read more]

Inclusive Energy announces strategic partnership and financing for Shiffoil Inc.

CALGARY, Alberta — Inclusive Energy Ltd. (“Inclusive”), a leader in the oil and gas services sector, is pleased to announce the creation of a strategic partnership and closing of a significant financing with Shiffoil Inc. (“Shiffoil”). Shiffoil is a junior oil and gas producer focused on developing its light oil properties in the Pierson and Daly-Sinclair areas of Manitoba. The investment in Shiffoil consists of a unique financing arrangement, whereby Inclusive will provide a lending facility to [Read more]

ConocoPhillips announces agreement to sell Indonesia assets for $1.355 billion and provides notice that it is exercising its preemption right to purchase up to an additional 10% shareholding interest in APLNG

HOUSTON - ConocoPhillips (NYSE: COP) today announced two transactions intended to core up the important Asia-Pacific segment of its diverse global portfolio. The company announced it has entered into an agreement to sell the subsidiary that indirectly owns the company’s 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline Company. The sale to MedcoEnergi for $1.355 billion is subject to customary adjustments [Read more]

ConocoPhillips announces preliminary 2022 capital expenditures budget; initiates three-tier returns of capital program and declares quarterly variable cash distribution

HOUSTON - ConocoPhillips (NYSE: COP) today announced several updates that highlight the company’s differentiated value proposition. This announcement follows the recent closing of the company’s acquisition of Shell’s Permian Basin properties on Dec. 1 for net cash of $8.6 billion. Today’s announcement reflects the addition of Shell’s Permian Basin properties, including the previously announced expected 2022 capital expenditures and production associated with that transaction. Highlights [Read more]