BOE Report

Chevron announces first quarter 2020 results

First quarter earnings of $3.6 billion Cash flow from operations of $4.7 billion Taking actions to protect the dividend, sustain long-term value and preserve cash Further reducing 2020 capital expenditure guidance to as low as $14 billion Completed asset sales in the Philippines and Azerbaijan SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today reported earnings of $3.6 billion ($1.93 per share - diluted) for first quarter 2020, compared with earnings of $2.6 [Read more]

ConocoPhillips reports first-quarter 2020 results; announces quarterly dividend and additional curtailments

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported a first-quarter 2020 loss of $1.7 billion, or ($1.60) per share, compared with first-quarter 2019 earnings of $1.8 billion, or $1.60 per share. Excluding special items, first-quarter 2020 adjusted earnings were $0.5 billion, or $0.45 per share, compared with first-quarter 2019 adjusted earnings of $1.1 billion, or $1.00 per share. Special items for the current quarter were primarily driven by an unrealized loss on Cenovus Energy [Read more]

Exxon Mobil Corporation Declares Second 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 June 10, 2020 to shareholders of record of Common Stock at the close of business on May 13, 2020.   This second quarter dividend is at the same level as the dividend paid in the first 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 June 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business May 19, 2020. Contacts Sean Comey -- +1 925-842-5509 [Read more]

Civeo announces first quarter 2020 earnings conference call

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its first quarter 2020 earnings conference call for Thursday, May 7, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the quarter, which will be released before the market opens on Thursday, May 7, 2020. By Phone: Dial 800-239-9838 inside the U.S. or 323-794-2551 internationally and ask for the [Read more]

Kinder Morgan increases dividend five percent and announces results for first 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 first quarter ($1.05 annualized), payable on May 15, 2020, to common stockholders of record as of the close of business on May 4, 2020. This dividend represents a 5 percent increase over the fourth quarter 2019. KMI is reporting first quarter net loss attributable to KMI of $306 million, compared to net income attributable to KMI of $556 million in the first quarter of [Read more]

Imperial to hold 2020 First 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 First Quarter Earnings Call on Friday, May 1, following the company’s first 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]

Chevron to Hold Virtual Stockholders Meeting

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) will hold a virtual annual stockholders’ meeting in place of an in-person event due to safety concerns related to the COVID-19 pandemic. The meeting will take place Wednesday, May 27, 2020 at 8:00 a.m. Pacific Daylight Time, as announced in Chevron’s proxy materials that were previously distributed. Stockholders owning Chevron common stock at the close of business on March 30, 2020, or their legal proxy holders, are entitled [Read more]

Imperial announces change to virtual annual meeting of shareholders

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited announced today that it has changed the format of its upcoming annual meeting of shareholders being held on Friday, May 1, 2020 at 10:30 a.m. (MDT) (the “meeting”) to a virtual only meeting. Shareholders may attend and participate in the meeting online via live audio webcast, but will not be able to attend the meeting in person. The move to a virtual only meeting format is in response to the risks associated with the COVID-19 pandemic, [Read more]

ExxonMobil reduces 2020 capex by 30%, cash opex by 15%; maintains long-term outlook

IRVING, Texas - ExxonMobil said today it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic. Capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion. The 15 percent decrease in cash operating expenses is driven by deliberate actions to increase efficiencies and reduce [Read more]