All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI) is pleased to announce the closing of its previously announced acquisition of Teine Energy Ltd.’s (“Teine Energy”) Chauvin Infrastructure Assets (the “Transaction”). Through the Transaction, Gibson has acquired a crude oil gathering pipeline system and associated infrastructure connecting Chauvin to the Hardisty oil [Read more]
Headlines
ExxonMobil Announces First-Quarter 2026 Results
Delivered first-quarter earnings of $4.2 billion, or $8.8 billion excluding unfavorable estimated timing effects of $3.9 billion and an identified item of $0.7 billion Generated earnings per share of $1.00, or $1.16 excluding the identified item, and $2.09 excluding the identified item and estimated timing effects Sustained industry-leading reliability and delivered record production in Guyana1 Achieved first LNG at Golden Pass Train 1, increasing U.S. LNG exports by 5% Generated a [Read more]
Chevron Reports First Quarter 2026 Results
Reported earnings of $2.2 billion; adjusted earnings of $2.8 billion Returned $6.0 billion cash to shareholders; 16th consecutive quarter over $5 billion Worldwide and U.S. production increased by 15 and 24 percent, respectively HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $2.2 billion ($1.11 per share - diluted) for first quarter 2026, compared with $3.5 billion ($2.00 per share - diluted) in first quarter 2025. Included in the quarter was a net loss [Read more]
Imperial announces first quarter 2026 financial and operating results
Quarterly net income of $940 million Cash flows from operating activities of $756 million and cash flows from operating activities excluding working capital1 of $1,239 million Quarterly Upstream production of 419,000 gross oil-equivalent barrels per day Kearl quarterly production of 259,000 total gross oil-equivalent barrels per day (183,000 barrels Imperial's share) Cold Lake quarterly production of 155,000 gross oil-equivalent barrels per day Downstream refinery capacity [Read more]
Occidental Announces CEO Succession
Vicki Hollub to retire as President and CEO effective June 1, 2026; Occidental’s Board Names Chief Operating Officer Richard Jackson as her successor HOUSTON, May 01, 2026 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that its Board of Directors, as part of its management succession planning, has named Senior Vice President and Chief Operating Officer Richard Jackson to succeed Vicki Hollub as President and Chief Executive Officer upon her retirement. Hollub will retire effective [Read more]
While Asia and Europe scramble for natural gas, the US glut has nowhere to go
The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In West Texas, gas is so abundant that some producers must pay to have it taken away. The war and Iran's attacks on Gulf energy producers have halted 20% of global liquefied natural gas (LNG) supply. Qatari LNG facilities have been damaged and tankers have been unable to sail through the Strait of Hormuz waterway at the Gulf's entry because of Iranian threats to fire on them. The crisis [Read more]
Paramount Resources Ltd. Announces May Dividend
CALGARY, AB, May 1, 2026 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on May 29, 2026 to shareholders of record on May 15, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. ABOUT PARAMOUNT Paramount is an independent, publicly traded Canadian energy company that explores for [Read more]
Prospera Energy Reports 2025 Year-End Audited Financials and Reserves
Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Company", or the "Corporation") Calgary, Alberta--(Newsfile Corp. - May 1, 2026) - Overview of 2025 & 2026 Outlook Prospera Energy is pleased to report its operational and financial results for the year ended December 31, 2025, together with its independently evaluated reserves prepared by Sproule ERCE effective December 31, 2025. Prospera anchored in a deliberate strategy of converting wells previously slated [Read more]
TC Energy reports strong first quarter 2026 operating and financial results
Safety and operational excellence drive seven delivery records across North America Approves US$1.5 billion Columbia Gas expansion project, extending reach into high-demand market CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its first quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, "We entered 2026 with strong momentum. Our best safety performance in six [Read more]
UAE says Iran cannot be trusted over Hormuz, peace efforts at an impasse
A senior United Arab Emirates official said on Friday Tehran could not be trusted over any unilateral arrangements it makes for the Strait of Hormuz, in a sign of deep mistrust on all sides as efforts to end the Iran war remained at an impasse. Two months into the conflict, the vital sea channel is still largely closed because of an Iranian blockade and the U.S. Navy is blocking exports of Iranian crude oil. The blockade has choked off 20% of the world's oil and gas supplies, pushing up global [Read more]
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