BOE Report

ConocoPhillips Reports Second-Quarter 2019 Results; Delivered Strong Free Cash Flow and Financial Returns; Raised 2019 Planned Share Buybacks

ConocoPhillips (NYSE: COP) today reported second-quarter 2019 earnings of $1.6 billion, or $1.40 per share, compared with second-quarter 2018 earnings of $1.6 billion, or $1.39 per share. Excluding special items, second-quarter 2019 adjusted earnings were $1.1 billion, or $1.01 per share, compared with second-quarter 2018 adjusted earnings of $1.3 billion, or $1.09 per share. Special items for the current quarter were primarily driven by a financial tax benefit related to the previously [Read more]

Imperial to hold 2019 Second Quarter Earnings Call

CALGARY, Alberta--(BUSINESS WIRE)--Rich Kruger, chairman, president and chief executive officer, and Dave Hughes, vice president investor relations, Imperial Oil Limited, will host a 2019 Second Quarter Earnings Call on Friday, August 2 following the company’s second quarter earnings release. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Kruger will offer brief remarks prior to taking questions from Imperial’s covering analysts. Please click here [Read more]

Murphy Oil Corporation Schedules Second Quarter 2019 Earnings Release and Conference Call

EL DORADO, Ark.--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 10:00 a.m. Eastern Time (EDT) on Thursday, August 8, 2019 to discuss second quarter 2019 earnings. The Company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be included on the Investors page of the company’s website at http://ir.murphyoilcorp.com. Date: Thursday, August 8, [Read more]

Baker Hughes, a GE company Announces June 2019 Rig Counts

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for June 2019 was 1,138, up 12 from the 1,126 counted in May 2019, and up 179 from the 959 counted in June 2018. The international offshore rig count for June 2019 was 246, up 6 from the 240 counted in May 2019, and up 51 from the 195 counted in June 2018. The average U.S. rig count for June 2019 was 969, down 17 from the 986 counted in May 2019, and down [Read more]

Kinder Morgan Applauds Travis County District Court Ruling

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today issued the following statement after the Travis County District Court dismissed all claims made against the Permian Highway Pipeline (PHP) Project. “Kinder Morgan is very pleased with the ruling made by the Travis County District Court,” said Tom Martin, president of Natural Gas Pipelines for KMI. “The court’s finding validates the process established in Texas for the development of natural gas utility projects, as well as the [Read more]

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]