BOE Report

Imperial declares first 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 April 1, 2020, to shareholders of record at the close of business on March 5, 2020. This first quarter 2020 dividend compares with the fourth quarter 2019 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 industry. [Read more]

Imperial announces 2019 financial and operating results

CALGARY, Alberta - Imperial Oil Limited (TSX:IMO): Full-year earnings of $2,200 million; $4,429 million cash generated from operations Annual production of 398,000 gross oil-equivalent barrels per day, the highest in over 25 years Kearl supplemental crushing capacity online as planned Returned over $2 billion to shareholders in 2019 through share purchases and dividends Fourth quarter Twelve months millions of [Read more]

Cold Bore Technology Closes Deals & Installs SmartPAD Completions Technology with Two New Permian Fracking Operators

CALGARY, Alberta - Cold Bore Technology Inc. (“Cold Bore”), a leader in completion optimization technology, announced today that it had finalized new deals with two leading energy producers based in Western Texas’ Permian Basin and completed installation of its SmartPAD completions operating system. The contracts represent the latest in a growing number of SmartPAD installations with major operators across North American fields over the past 12 months. The SmartPAD is the industry’s first [Read more]

Exxon Mobil Corporation Declares First 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 March 10, 2020 to shareholders of record of Common Stock at the close of business on February 11, 2020. This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2019. Through its dividends, the corporation has shared its success with its shareholders for more than 100 years [Read more]

Chevron Increases Quarterly Dividend More Than 8 Percent

SAN RAMON, Calif.--(BUSINESS WIRE)--The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and twenty-nine cents ($1.29) per share, an increase of ten cents ($0.10) per share or 8.4 percent. The dividend is payable March 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 18, 2020. This increase puts Chevron on track to make 2020 the 33rd consecutive year with an [Read more]

Imperial to hold 2019 Fourth 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 2019 Fourth Quarter Earnings Call on Friday, January 31, following the company’s fourth 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]

Kinder Morgan Announces Fourth Quarter ’19 Earnings Webcast

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) announces the following webcast: What: Kinder Morgan Fourth Quarter ’19 Earnings Results Webcast When: January 22, 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 by dialing 1-517-319-9306 and entering the passcode 5175597. If you are unable to listen during the live webcast, the call will be [Read more]

OOC Oil & Gas Blockchain Consortium Successfully Tests Digitizing the AFE Balloting Process Leveraging Blockchain Technology

HOUSTON--(BUSINESS WIRE)--The OOC Oil & Gas Blockchain Consortium today announced that it has engaged with GuildOne to successfully test the industry’s first blockchain application for Authorization for Expenditure (AFE) balloting. AFEs are used in the oil and gas industry to approve capital and expense projects and determine working interests among parties participating in projects under a joint operating agreement. Conventional AFE balloting is a manually intensive and largely paper-driven [Read more]

Kinder Morgan Announces Closing of Pembina Transactions

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that the Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) (Pembina) has acquired the U.S. portion of the Cochin Pipeline for $1.546 billion. In addition, Pembina has acquired all of the outstanding common equity of Kinder Morgan Canada Limited (TSX: KML), including the 70 percent majority voting interest held by Kinder Morgan Inc. (NYSE: KMI) (the Arrangement). Under the Arrangement, KMI will receive .3068 shares of [Read more]

Chevron Announces $20 Billion Capital and Exploratory Budget for 2020

SAN RAMON, Calif. - Chevron Corporation today announced a 2020 organic capital and exploratory spending program of $20 billion. The 2020 budget supports a robust portfolio of upstream and downstream investments, highlighted by Chevron’s world-class Permian Basin position, the company’s major capital project at TCO in Kazakhstan, and an advantaged queue of deepwater opportunities in the Gulf of Mexico. “We are positioning Chevron to win in any environment by ratably investing in the highest [Read more]