The head of Enbridge Inc. says he's encouraged by conversations in both Canada and the U.S. on building more energy infrastructure, but that it remains to be seen what concrete action will result at home. "I'm optimistic about our ongoing conversations and the alignment we're seeing today on both sides of the border to advance projects and legislation," said Greg Ebel, chief executive of Calgary-based Enbridge on a Friday call to discuss second-quarter results But while both governments [Read more]
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Chevron’s exports of Venezuelan oil expected to resume this month, CEO says
U.S. oil producer Chevron expects its exports of Venezuelan crude to the U.S. to resume this month, the company's chief executive said on Friday, following a restricted license received this week from the U.S. Treasury Department to operate in the sanctioned country and do oil swaps. Chevron's CEO Mike Wirth also said in a call to disclose the company's quarterly results that the exports will begin with a "limited amount," and added that he does not expect the flows to have a material impact [Read more]
Pine Cliff Energy Ltd. Declares Monthly Dividend for August 29, 2025 and Provides Second Quarter 2025 Webcast Details
Calgary, Alberta--(Newsfile Corp. - August 1, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid August 29, 2025, to shareholders of record on August 15, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. Second Quarter 2025 Results Webcast Pine Cliff will host a webcast at [Read more]
InPlay Oil Corp. Confirms Monthly Dividend for August 2025
CALGARY, AB, August 1, 2025 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.09 per common share payable on August 29, 2025, to shareholders of record at the close of business on August 15, 2025. The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. [Read more]
US LNG exports surge in July, LSEG data show
Exports of U.S. liquefied natural gas (LNG) jumped to 9.1 million metric tons (MT) in July, marking a sharp increase from June as some plants exited maintenance activities and Venture Global's Plaquemines facility ramped up production, preliminary data from financial firm LSEG showed. The U.S. is the world's largest exporter of LNG and July's output was its third highest on record. This year the U.S. has seen three of its highest ever monthly LNG production figures, according to LSEG [Read more]
How Moscow might respond if Trump stops Russian oil to India
U.S. President Donald Trump's demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis. India, the world's third largest oil importer, has become the biggest buyer of Russian oil since 2022, purchasing up to 2 million barrels per day of oil accounting for 2% of global supply. Other top buyers are China and Turkey. The Indian route is so [Read more]
Canada’s Imperial Oil posts fall in quarterly profit on lower crude prices
Canadian oil producer Imperial Oil posted a fall in second-quarter profit on Friday, hurt by lower crude prices and a decline in refinery throughput. Benchmark Brent crude prices were lower during the April-June quarter compared to a year earlier, pressured by weak global demand, market volatility due to tariffs and increased oil supply from OPEC+. The Calgary, Alberta-based company's total throughput volumes, or the amount of crude processed, fell to 376,000 barrels per day during the [Read more]
Exxon beats profit estimates with higher production despite weak oil prices
Exxon Mobil, the United States' biggest oil producer, beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and low production costs offset the impact of lower crude prices. Oil and gas production was the highest for any second quarter since the merger of Exxon and Mobil formed the company more than 25 years ago, Exxon Mobil said. Adjusted earnings during the second quarter were $7.1 billion, or $1.64 per share, surpassing consensus analyst estimates [Read more]
Imperial declares third quarter 2025 dividend
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 72 cents per share on the outstanding common shares of the company, payable on October 1, 2025, to shareholders of record at the close of business on September 4, 2025. This third quarter 2025 dividend compares with the second quarter 2025 dividend of 72 cents per share. Imperial has a long and successful history of growth and financial stability in Canada [Read more]
Imperial announces second quarter 2025 financial and operating results
Quarterly net income of $949 million Cash flows from operating activities of $1,465 million and cash flows from operating activities excluding working capital1 of $1,413 million Upstream production of 427,000 gross oil-equivalent barrels per day, highest second quarter in over 30 years Kearl achieved highest-ever second quarter production of 275,000 total gross oil-equivalent barrels per day (195,000 barrels Imperial's share) Completed construction and commissioning on Canada's [Read more]
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