BOE Report

EQT Highlights Strong Shareholder Support

Shareholder Conversations Focused on Strong Recent Financial and Operational Results, and EQT’s Use of Unique, Innovative Technologies Reiterates Recommendation that EQT Shareholders Vote “FOR” All 12 of EQT’s Highly Qualified Director Nominees on the GOLD Universal Proxy Card PITTSBURGH--(BUSINESS WIRE)--EQT Corporation (NYSE:EQT) today issued the following statement highlighting the strong support it has received from shareholders in advance of the Company’s 2019 Annual Meeting of [Read more]

Imperial committed to long-term shareholder value

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited today announced it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB) to repurchase up to five percent of its 764,221,735 outstanding common shares as of June 13, 2019, or a maximum of 38,211,086 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from Exxon Mobil Corporation (ExxonMobil), Imperial’s majority shareholder, as described [Read more]

Williams Completes Formation of US$3.8 Billion Strategic Joint Venture Partnership with Canada Pension Plan Investment Board in the Marcellus/Utica Basins

Strategic partnership between Williams and CPPIB supports ongoing growth and Northeast region optimization Williams receives approximately $1.33 billion in exchange for a 35% interest in a combined Utica East Ohio Midstream-Ohio Valley Midstream joint venture TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced the completion of the formation of a US$3.8 billion joint venture with Canada Pension Plan Investment Board (“CPPIB”) that includes Williams’ owned and operated Ohio [Read more]

EQT Corrects the Toby Rice Group’s False and Misleading Statements

Highlights Significant Omissions and Errors in the Toby Rice Group’s Analysis PITTSBURGH--(BUSINESS WIRE)--EQT Corporation (NYSE:EQT) today issued the following statement correcting some of the false and misleading information published yesterday by the Toby Rice Group in a letter to EQT shareholders: The letter issued by the Toby Rice Group yesterday contains a number of highly misleading or false statements about EQT’s financial and [Read more]

Baker Hughes Announces May 2019 Rig Counts

The Baker Hughes International Rig Count now includes active drilling rigs in Ukraine HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for May 2019 was 1,126, up 64 from the 1,062 counted in April 2019, and up 159 from the 967 counted in May 2018. The international offshore rig count for May 2019 was 240, down 11 from the 251 counted in April 2019, and up 42 from the 198 counted in May 2018. The [Read more]

Devon Energy Announces Third-Quarter 2019 Cash Dividend for Common Stockholders

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the third quarter of 2019. The dividend is payable on Sept. 27, 2019, at a rate of $0.09 per share based on a record date of Sept. 13, 2019. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and [Read more]

ExxonMobil Progresses Growth Plans and Efforts to Advance Lower-Emissions Technologies

Plans on track to more than double earnings and cash flow generation potential by 2025 Key projects progressing on schedule Work continues on lower-emissions technologies, including biofuels and carbon capture DALLAS--(BUSINESS WIRE)--ExxonMobil is progressing growth plans to substantially increase earnings and cash flow potential while researching technology breakthroughs to reduce emissions, [Read more]

Devon Energy Announces Strategic Exit of Canadian Business for CAD $3.8 Billion

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today announced that it has entered into a definitive agreement to sell its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. This transaction is subject to customary terms and conditions and is expected to close by the end of the second quarter of 2019. Proceeds from the sale of Canada will be used for debt reduction. “The sale of Canada is an important step in executing Devon’s [Read more]

Rice Team Urges EQT Shareholders to Vote for Transformational Change on White Universal Proxy Card

EQT Has Squandered Benefits of Rice Energy Acquisition, But Value-Creation Potential Can Still Be Realized Rice Director Nominees Committed to Transforming EQT Into Modern and Efficient Energy Producer Capable of Driving Improved Shareholder Returns CARNEGIE, Pa.--(BUSINESS WIRE)--Toby Z. Rice and Derek A. Rice, shareholders of EQT Corporation (NYSE:EQT), with an approximately 3% ownership interest, today filed a definitive proxy [Read more]

Occidental to Acquire Anadarko

Creates a $100+ Billion Global Energy Leader with 1.3 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko ShareholdersExpected to Be Accretive to Cash Flow and Free Cash Flow Year-One, and Deliver $3.5 Billion of Free Cash Flow Improvement through $2.0 Billion of Annual Cost Synergies and $1.5 Billion of Annual Capital ReductionsHOUSTON--(BUSINESS WIRE)--Occidental Petroleum Corporation (“Occidental” or “the Company”) (NYSE: OXY) today entered into a [Read more]