BOE Report

Kinder Morgan announces results for third quarter of 2020; maintains $0.2625 per share dividend

HOUSTON - (-Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2625 per share for the third quarter ($1.05 annualized), payable on November 16, 2020, to common stockholders of record as of the close of business on November 2, 2020. This dividend represents a 5% increase over the third quarter of 2019. KMI is reporting third quarter net income attributable to KMI of $455 million, compared to net income attributable to KMI of $506 million in the third [Read more]

ConocoPhillips to acquire Concho Resources in all-stock transaction

ConocoPhillips and Concho Resources Combination Built Upon Shared Vision to Deliver Superior Returns Through Price Cycles All-Stock Transaction Valued at $9.7 Billion Honors Proven Financial Framework and is Expected to be Accretive on Consensus Key Financial Metrics HOUSTON & MIDLAND, Texas - ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of [Read more]

Imperial to hold 2020 Third Quarter Earnings Call

CALGARY, Alberta--(BUSINESS WIRE)--(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 2020 Third Quarter Earnings Call on Friday, October 30, following the company’s third 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 [Read more]

ConocoPhillips announces increase in quarterly dividend

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced an increase in its quarterly dividend from 42 cents per share to 43 cents per share. The dividend is payable on Dec. 1, 2020, to stockholders of record at the close of business on Oct. 19, 2020. About ConocoPhillips Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 16 countries, $63 billion of total assets, and approximately 9,700 employees at June 30, 2020. Production excluding Libya [Read more]

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]