BOE Report

Equinor joins Center for Hydrogen Safety amid growing demand for hydrogen

NEW YORK - #equinor--Center for Hydrogen Safety (CHS) – the global authority on safe hydrogen use and education – announced the addition of energy company Equinor to its list of member organizations. Based in Stavanger, Norway, Equinor is a world-leading company committed to providing affordable energy for societies and taking a leading role in the energy transition by optimizing its oil and gas portfolio, accelerating growth in renewables, and pioneering development of carbon capture and [Read more]

Imperial announces 2021 financial and operating results

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO): Fourth quarter Twelve months millions of Canadian dollars, unless noted 2021 2020 ∆ 2021 2020 ∆ Net income (loss) (U.S. GAAP) 813 (1,146) +1,959 2,479 (1,857) +4,336 Net income (loss) per common share, assuming dilution (dollars) 1.18 (1.56) +2.74 3.48 (2.53) +6.01 Capital and [Read more]

Imperial declares first quarter 2022 dividend

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 34 cents per share on the outstanding common shares of the company, payable on April 1, 2022, to shareholders of record at the close of business on March 3, 2022. This first quarter 2022 dividend compares with the fourth quarter 2021 dividend of 27 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the [Read more]

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]