BOE Report

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]

Labor Unions, Enbridge Sign Project Labor Agreement

LINO LAKES, Minn. - The Line 3 Replacement Project, the largest privately financed construction project in Minnesota history, has celebrated a major milestone. Representatives from four trade and labor unions held a ceremonial signing of a project labor agreement with Enbridge guaranteeing it will be built solely by union labor. The Line 3 Replacement project will create more than 4,000 quality jobs that will be filled primarily by local workers who will use the highest level of industry [Read more]

Joseph Hooley Elected to ExxonMobil Board of Directors

IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today that Joseph L. Hooley has been elected to its board of directors, effective Jan. 1, 2020. Hooley currently serves as the non-executive board chairman of State Street Corporation and was its chief executive officer from 2010 to 2018. With the election of Hooley, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors. Hooley’s previous experience leading a large global financial services [Read more]

Chevron Reports Third Quarter Net Income of $2.6 Billion

Cash flow from operations of $7.8 billion Share repurchases of $1.25 billion SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today reported earnings of $2.6 billion ($1.36 per share - diluted) for third quarter 2019, compared with $4.0 billion ($2.11 per share - diluted) in the third quarter 2018. Included in the current quarter was a tax charge of $430 million related to a cash repatriation. Foreign currency effects increased earnings in the third quarter 2019 by $74 [Read more]

Kinder Morgan Declares $0.25 Per Share Dividend and Announces Results for Third Quarter of 2019

Kinder Morgan, Inc. today announced results for the third quarter of 2019: 13 percent year-over-year growth in natural gas transport volumes, the seventh consecutive quarter to exceed 10 percent growth $506 million or $0.22 per share of net income available to common stockholders $1.14 billion or $0.50 per share of distributable cash flow (DCF) $571 million of excess DCF above declared dividend Year-to-date 2019 Adjusted EBITDA effectively flat to 2018 despite Trans Mountain [Read more]