BOE Report

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]

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]