BOE Report

Exxon Mobil Corporation Declares Third Quarter Dividend

IRVING, Texas--(BUSINESS WIRE)--The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of $0.87 cents per share on the Common Stock, payable on September 10, 2020 to shareholders of record of Common Stock at the close of business on August 13, 2020. This third quarter dividend is at the same level as the dividend paid in the second quarter of 2020. Through its dividends, the corporation has shared its success with its shareholders for more than 100 [Read more]

Chevron Announces Quarterly Dividend

SAN RAMON, Calif.--(BUSINESS WIRE)--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 September 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business August 19, 2020. Contacts Sean Comey -- +1 925-842-5509 [Read more]

Seven Generations’ second quarter funds flow of $138.8 million and capital investments of $69.4 million drive $69.4 million of free cash flow

Development activities have resumed and the company remains firmly on-track to achieve 2020 revised guidance with continuous cost management and improving commodity prices CALGARY, Alberta - Seven Generations Energy Ltd. (TSX:VII): “When the COVID-19 pandemic impacted the world in March, our 7G team rapidly adapted to a new way of working that prioritized the health and safety of our workforce. We also responded quickly and decisively to protect our balance sheet from the pandemic-related [Read more]

ConocoPhillips announces agreement to acquire liquids-rich Montney acreage from Kelt Exploration Ltd.

HOUSTON - ConocoPhillips (NYSE: COP) today announced it has signed a definitive agreement to acquire additional Montney acreage in Canada from Kelt Exploration Ltd. for cash consideration of approximately $375 million before customary adjustments, plus the assumption of approximately $30 million in financing obligations for associated partially owned infrastructure. This acquisition is 140,000 net acres in the liquids-rich Inga-Fireweed asset Montney zone, which is directly adjacent to the [Read more]

Kinder Morgan announces $0.2625 per share dividend and results for second quarter of 2020

HOUSTON - Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2625 per share for the second quarter ($1.05 annualized), payable on August 17, 2020, to common stockholders of record as of the close of business on August 3, 2020. This dividend represents a 5 percent increase over the second quarter 2019. KMI is reporting a second quarter net loss attributable to KMI of $637 million, compared to net income attributable to KMI of $518 million in the second [Read more]

Imperial to hold 2020 Second Quarter Earnings Call

CALGARY, Alberta--(BUSINESS WIRE)--Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2020 Second Quarter Earnings Call on Friday, July 31, following the company’s second quarter earnings release. 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 analysts. Please click here [Read more]

Baker Hughes announces June 2020 rig counts

Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for June 2020 was 781 down 24 from the 805 counted in May 2020, and down 357 from the 1,138 counted in June 2019. The international offshore rig count for June 2020 was 194, down 1 from the 195 counted in May 2020, and down 52 from the 246 counted in June 2019. The average U.S. rig count for June 2020 was 274, down 74 from the 348 counted in May 2020, and down 695 from the 969 counted in June 2019. The [Read more]

Imperial continues limited share repurchase program

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited announced today that it has received final acceptance from the Toronto Stock Exchange (TSX) for a limited normal course issuer bid (NCIB) to repurchase up to 50,000 common shares during the next 12 months. The NCIB will be used primarily to eliminate dilution from shares issued in conjunction with Imperial’s restricted stock unit (RSU) plan. In 2002, Imperial introduced a RSU plan pursuant to which shares may be issued upon vesting, and [Read more]

ConocoPhillips Announces Don E. Wallette, Jr. to Retire After 39 Years with the Company

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced the retirement of Don E. Wallette, Jr. as executive vice president and chief financial officer after a successful 39-year career with the company. Wallette’s retirement is effective on Aug. 31, 2020. In conjunction with Wallette’s retirement, the company also announced that William (Bill) L. Bullock, Jr., currently president, Asia Pacific Middle East, will assume the role of executive vice president and chief financial [Read more]

XTO Energy Inc. Extends Tender Offer to Purchase All Outstanding Units in Hugoton Royalty Trust

Offer Now Scheduled to Expire at 5:00 p.m., New York City Time, on Tuesday, May 26, 2020 SPRING, Texas--(BUSINESS WIRE)--XTO Energy Inc. (“XTO Energy”) today announced that it has extended the offering period of its previously announced tender offer to purchase all outstanding units of beneficial interest (the “Units”) in Hugoton Royalty Trust (OTCQX: HGTXU, the “Trust”) at a price of $0.20 per Unit, net to the seller in cash, without interest and subject to any withholding of taxes. The [Read more]