BOE Report

Seven Generations Energy releases third quarter 2020 results and 2021 guidance

Execution drives increase to midpoint of 2020 production guidance, 2021 budget targets stable production and free cash flow CALGARY, Alberta - Seven Generations Energy Ltd. (TSX: VII) THIRD QUARTER 2020 HIGHLIGHTS The company successfully completed its planned three-week turnaround and upgrade at the Karr plant and condensate stabilizer on-time and on-budget, while mitigating the impact to production volumes. Third quarter sales volumes were 168.9 Mboe/d (43% natural gas, 34% [Read more]

Murphy Oil Corporation announces third quarter 2020 operating and financial results

Expanded Hedge Coverage, Published 2020 Sustainability Report HOUSTON - Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the third quarter ended September 30, 2020, including a net loss attributable to Murphy of $244 million, or $1.59 net loss per diluted share. Adjusted net loss, which excludes discontinued operations and other one-off items, was $24 million, or $0.15 net loss per diluted share. Unless otherwise noted, the financial and operating [Read more]

Imperial to hold virtual 2020 Investor Day on November 19

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 the company's 2020 Investor Day on Thursday, November 19. The event begins at 8 a.m. MT (10 a.m. ET) 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 [Read more]

Plains All American Pipeline and Plains GP Holdings report third-quarter 2020 results

HOUSTON - Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today reported third-quarter 2020 results and furnished updated 2020 guidance in addition to several other significant updates, which are highlighted below. Summary Highlights Reported net income for the quarter of $143 million Delivered third-quarter 2020 Adjusted EBITDA of $682 million Completed the sale of LA Basin Terminals (closed October 15, 2020) for approximately $200 [Read more]

Imperial announces third quarter 2020 financial and operating results

CALGARY, Alberta - Imperial Oil Limited (TSX, NYSEAM:IMO): Net earnings of $3 million in the quarter, up significantly from the second quarter Exceeding previously announced capital and expense reduction targets Year-to-date production and manufacturing expenses $813 million below the same period of 2019 Full-year 2020 capital expenditures now expected to be about $900 million Cash flow generated from operating activities of $875 million Cash balance of $817 million at the [Read more]

ExxonMobil reports results for third quarter 2020

Third quarter results improved by $400 million from the second quarter, primarily driven by early stages of demand recovery; excluding identified items, results improved by $2.2 billion On track to exceed reduction targets for 2020 capital and cash expenses; further reductions anticipated in 2021 Continued Guyana progress with third major deepwater development approval and two new discoveries IRVING, Texas - Exxon Mobil Corporation [Read more]

Chevron announces third quarter 2020 results

Third quarter loss of $207 million; adjusted earnings of $201 million Capital spending down 48 percent; operating expenses down 12 percent Noble Energy acquisition completed in October 2020 SAN RAMON, California - Chevron Corporation (NYSE: CVX) today reported a loss of $207 million ($(0.12) per share - diluted) for third quarter 2020, compared with earnings of $2.6 billion ($1.36 per share - diluted) in third quarter 2019. Included in the current quarter was a charge of $130 million [Read more]

ConocoPhillips reports third-quarter 2020 results and operational esults

HOUSTON - ConocoPhillips (NYSE: COP) today reported a third-quarter 2020 loss of $0.5 billion, or ($0.42) per share, compared with third-quarter 2019 earnings of $3.1 billion, or $2.74 per share. Excluding special items, third-quarter 2020 adjusted earnings were a loss of $0.3 billion, or ($0.31) per share, compared with third-quarter 2019 adjusted earnings of $0.9 billion, or $0.82 per share. Special items for the current quarter were primarily due to an unrealized loss on Cenovus Energy [Read more]

Imperial starts operation of cogeneration unit at Strathcona refinery

STRATHCONA COUNTY, Alberta - Imperial (TSE: IMO, NYSE American: IMO) has started operation of its newly constructed cogeneration unit at its Strathcona refinery near Edmonton, Alberta, increasing energy efficiency at the facility and helping reduce provincial greenhouse gas emissions. “The completion of this project is an important milestone for Imperial,” said Brad Corson, Imperial chairman, president and chief executive officer. “It highlights our commitment to investing in projects that [Read more]

Chevron announces quarterly dividend

SAN RAMON, California - The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and twenty-nine cents ($1.29) per share, payable December 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 18, 2020. Contacts Sean Comey -- +1 925-842-5509 [Read more]