Fixed Price Contract Leverages 2026 Sulphur Price Run-up and Enhances Sulphur Revenue Certainty in 2027 CALGARY, Alberta, July 31, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to announce that it has agreed to terms on a new one-year fixed-price sulphur forward sales agreement (the “Sulphur Price Agreement”) with its sulphur marketer (the “Marketer”) beginning January 1, 2027. The Sulphur Price Agreement fixes the price of 200,000 mt of sulphur [Read more]
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Pembina Pipeline reports $512M second-quarter profit, rising from $417M last year
CALGARY - Pembina Pipeline Corp. says it earned $512 million in the second quarter, rising from $417 million during the same period last year. The Calgary-based natural gas processor and shipper says its revenue during the quarter reached $2.15 billion, up year-over-year from $1.79 billion. On a diluted per-share basis, the company's earnings amounted to 82 cents for the period ended June 30, compared with 65 cents during last year's second quarter. During the quarter, Pembina entered [Read more]
Oil price rises after Iran says it stops ships in Hormuz
Oil prices rose on Friday after Iran said it had stopped two vessels seeking to exit the Strait of Hormuz, underscoring concerns over global energy supplies following a drone attack on ships in a Mediterranean Egyptian port this week. Iran said four other tankers turned back after its forces intervened, although the Iranian reports could not be independently confirmed. Two large tankers carrying oil loaded from the Gulf were recorded passing through the strait, a narrow waterway between [Read more]
ExxonMobil says LNG projects diversify portfolio, won’t ‘shy away’ from Middle East
ExxonMobil said on Friday its pipeline of liquefied natural gas (LNG) projects would diversify its production away from the Middle East, but the company said it remains committed to pursuing opportunities in the region because of its long-term importance to global energy markets. "We won't shy away from the region," CEO Darren Woods said on the company's post-earnings conference call, adding that the region would remain an important source of natural gas. The company hopes to make a final [Read more]
Brookfield Infrastructure explores $5 billion sale of Canadian pipeline operator NorthRiver, sources say
Brookfield Infrastructure Corp is exploring a potential sale of NorthRiver Midstream in a deal which could value the Canadian natural gas-focused pipeline operator at around C$7 billion ($5 billion), people familiar with the matter said. The investment firm has been working with bankers in recent weeks to solicit potential buyer interest in NorthRiver, said the sources, who spoke on condition of anonymity to discuss private deliberations. Rising demand for energy infrastructure assets from [Read more]
Imperial declares third quarter 2026 dividend
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 87 cents per share on the outstanding common shares of the company, payable on October 1, 2026, to shareholders of record at the close of business on September 4, 2026. This third quarter 2026 dividend compares with the second quarter 2026 dividend of 87 cents per share. Imperial has a long and successful history of growth and financial stability in Canada [Read more]
Imperial Oil Q2 profit up, driven by higher commodity prices
CALGARY - Imperial Oil Ltd. reported its second-quarter profit was up, primarily driven by higher commodity prices. The company says it earned $2.2 billion or $4.52 per diluted share for the quarter ending June 30 compared with a profit of $949 million or $1.86 per diluted share a year earlier. Revenue and other income totalled $16.06 billion, up from $11.23 billion in the second quarter of 2025. Upstream production in the quarter averaged 414,000 gross oil-equivalent barrels per day, [Read more]
ExxonMobil misses second quarter profit estimates despite hitting four-year high
ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, even as high oil prices and improved refining margins brought by the Iran war led to its biggest quarterly profit in four years. Adjusted earnings for the largest U.S. oil major by market capitalization rose 67% from the first quarter to $14.7 billion, or $3.52 per share, but were below the consensus analyst estimates compiled by LSEG of $3.60 per share. Still, the quarterly profit more than doubled compared with last [Read more]
Chevron Reports Second Quarter 2026 Results
Reported earnings of $12.1 billion; return on capital employed of 21 percent Record U.S. production; worldwide production increased 20 percent from last year Record crude unit throughput at U.S. refineries; crude unit utilization at 97 percent Signed 20-year power agreement with Microsoft for West Texas data center HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $12.1 billion ($6.11 per share - diluted) for second quarter 2026. Included in the quarter [Read more]
Imperial announces second quarter 2026 financial and operating results
Quarterly net income of $2,190 million Cash flows from operating activities of $2,704 million and cash flows from operating activities excluding working capital1 of $2,522 million Quarterly Upstream production of 414,000 gross oil-equivalent barrels per day Kearl quarterly production of 257,000 total gross oil-equivalent barrels per day (182,000 barrels Imperial's share) Cold Lake quarterly production of 149,000 gross oil-equivalent barrels per day Downstream refinery capacity [Read more]
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