BOE Report

Kinder Morgan Announces Third Quarter ’20 Earnings Webcast

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release third quarter 2020 earnings results on Wednesday, October 21, 2020. What: Kinder Morgan Third Quarter ’20 Earnings Results Webcast When: October 21, 2020, at 3:30 p.m. CT, 4:30 p.m. ET Where: http://ir.kindermorgan.com/presentations-webcasts How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-415-228-4878 and entering the passcode [Read more]

ConocoPhillips provides preliminary third-quarter 2020 operational and financial update and announces intent to resume share repurchases of $1 billion during the fourth quarter of 2020

HOUSTON - ConocoPhillips (NYSE: COP) today provided information regarding certain preliminary third-quarter 2020 operational and financial updates. Final third-quarter results will be reported on Oct. 29. The company also announced that it intends to resume share repurchases of $1 billion during the fourth quarter of 2020 under its existing authorization. The repurchases will be funded from available cash on the balance sheet. Management retains the discretion to determine the level and pace [Read more]

Imperial provides Kearl operational update following pipeline restart

CALGARY, Alberta - Imperial (TSE: IMO, NYSE American: IMO) confirmed today that its Kearl oil sands operation has safely started ramping up production to normal rates following the return to service of a third-party diluent pipeline. The production impact of the outage is still being determined and will be updated at a later date. Imperial’s first priority continues to be the safety of our employees, contractors and the communities where we operate. [Read more]

Civeo Corporation announces amendment and eighteen month extension to its credit agreement

HOUSTON & CALGARY, Alberta - Civeo Corporation (NYSE:CVEO) announced today completion of an amendment and extension to its credit agreement, including the term loan and all three revolving credit facilities. This extension encompasses all of Civeo’s outstanding debt structure. The following are key aspects of the amended credit agreement: extends the maturity date of the revolving credit facilities and the term loan by 18 months to May 30, 2023; maintains previous covenant levels and [Read more]

ConocoPhillips Completes Previously Announced Montney Acquisition

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has completed the previously announced transaction to acquire additional Montney acreage in Canada from Kelt Exploration Ltd. Cash consideration for the transaction was approximately $390 million at current foreign exchange rates and is subject to customary post-closing adjustments. The company also assumed approximately $30 million in financing obligations for associated partially owned infrastructure. The company now [Read more]

Imperial declares third quarter 2020 dividend

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited today declared a quarterly dividend of 22 cents per share on the outstanding common shares of the company, payable on October 1, 2020, to shareholders of record at the close of business on September 4, 2020. This third quarter 2020 dividend compares with the second quarter 2020 dividend of 22 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum [Read more]

Imperial announces second quarter 2020 financial and operating results

CALGARY, Alberta - Imperial Oil Limited (TSX:IMO): Net loss of $526 million primarily driven by lower Upstream realizations and Downstream margins Managed operational and financial impacts of COVID-19 Optimized turnaround activities at key assets with significant cost efficiencies Reduced year-to-date production and manufacturing expenses by over $450 million versus 2019 Year-to-date capital expenditures on track to meet reduced guidance of $1.1 billion to $1.2 billion [Read more]

ExxonMobil reports results for second quarter 2020

Global oversupply and COVID-related demand impacts drive second quarter loss of $1.1 billion On track to meet or exceed 2020 capital and cash operating spend reduction targets Supporting COVID-19 response by reconfiguring operations to increase production of hand sanitizer and raw materials for protective equipment for first responders IRVING, Texas - Exxon Mobil Corporation [Read more]

Chevron announces second quarter 2020 results

Capital and operating cost reductions on track Second quarter loss of $8.3 billion; adjusted loss of $3.0 billion Includes non-cash net charges of $5.2 billion and a $310 million asset sale gain Enters agreement to acquire Noble Energy SAN RAMON, Calif. - Chevron Corporation (NYSE: CVX) today reported a loss of $8.3 billion ($(4.44) per share - diluted) for second quarter 2020, compared with earnings of $4.3 billion ($2.27 per share - diluted) in second quarter 2019. Included in the [Read more]

ConocoPhillips reports second-quarter 2020 results

HOUSTON - ConocoPhillips (NYSE: COP) today reported second-quarter 2020 earnings of $0.3 billion, or $0.24 per share, compared with second-quarter 2019 earnings of $1.6 billion, or $1.40 per share. Excluding special items, second-quarter 2020 adjusted earnings were a loss of $1.0 billion, or ($0.92) per share, compared with second-quarter 2019 adjusted earnings of $1.1 billion, or $1.01 per share. Special items for the current quarter were primarily due to a realized gain on the completion of [Read more]