CALGARY, Alberta - Imperial Oil Limited (TSX, NYSEAM: IMO): Second quarter earnings of $366 million with cash flow from operating activities of $852 million Successfully completed significant planned turnaround activities at Kearl, Syncrude and Strathcona Highest second quarter production in over 25 years driven by record production at Kearl Accelerating plans to extend intervals between planned turnarounds at Kearl, eliminating need for second annual turnaround beginning in 2021 [Read more]
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Think your digital transition can wait? Think again
Slow and steady may have won the race, but only in a children’s book. Think you have time to transition? Think you’re moving at a good pace? Think again. The rate at which you’re digitalizing your business could be the most critical business decision you make. It may seem like a daunting task, but digitalization will actually create efficiencies, reduce risks and cut costs. So why wait? The ability to leverage technology today for your benefit can help achieve previously unattainable business [Read more]
Enbridge reports strong second quarter 2021 financial results and advances strategic priorities
CALGARY, AB - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported second quarter 2021 financial results, reaffirmed its 2021 financial outlook, and provided a mid-year business update. Highlights (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Second quarter GAAP earnings of $1.4 billion or $0.69 per common share, compared with GAAP earnings of $1.6 billion or $0.82 per common share in 2020 Adjusted earnings of $1.4 [Read more]
Chevron announces second quarter 2021 results
Earnings of $3.1 billion; adjusted earnings of $3.3 billion Cash flow from operations of $7.0 billion; free cash flow of $5.2 billion Resuming share repurchases, targeted at $2-3 billion per year SAN RAMON, Calif. - Chevron Corporation (NYSE: CVX) today reported earnings of $3.1 billion ($1.60 per share - diluted) for second quarter 2021, compared with a loss of $8.3 billion ($(4.44) per share - diluted) in second quarter 2020. Included in the current quarter were remediation charges [Read more]
Advantage Announces Second Quarter 2021 Financial and Operating Results and Succession Plan
CALGARY, AB, July 29, 2021 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report its second quarter 2021 results including record production of 50,011 boe/d, a significant increase in free cash flow(a) and accelerated debt reduction. Production from the winter drilling program continued to exceed expectations while gas prices remained elevated during the quarter, with the payout of new wells averaging 8 months from the on-stream date. Production was relatively [Read more]
Obsidian Energy announces increased 2021 production and capital expenditure guidance with second quarter 2021 results
Successful completion of first half and an early start to the second half 2021 drilling program Continued debt paydown and higher funds flow from operations Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the second quarter 2021. Three Months Ended June 30 Six Months Ended June 30 2021 2020 2021 2020 FINANCIAL [Read more]
Topaz Energy Corp. announces second quarter 2021 financial results which includes 52% per share FCF growth, declares $0.21 per share quarterly dividend and provides increased 2021 guidance estimates
CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce financial results for the second quarter of 2021 and increased 2021 guidance estimates incorporating acquisition activity. Capital allocation strategy Topaz's hybrid royalty and infrastructure business provides transparent, embedded & self-funded growth and balanced commodity exposure. Through execution of the Company's acquisition growth strategy, Topaz has doubled its second quarter [Read more]
ARC Resources Ltd. reports second quarter 2021 results and announces dividend increase of 10 per cent
CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its second quarter 2021 financial and operational results. SECOND QUARTER 2021 HIGHLIGHTS ARC successfully closed the strategic Montney combination with Seven Generations Energy Ltd. ("Seven Generations") on April 6, 2021 (the "Business Combination"), to become the largest pure-play Montney producer, and remains well on track to deliver annual synergies of $160 million for 2022. ARC's board of [Read more]
Surge Energy Inc. announces second quarter financial & operating results
CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter ended June 30, 2021. MESSAGE TO SHAREHOLDERS Improving Macro Environment for Oil Demand for crude oil continues to recover from the dramatic plunge caused by the COVID-19 pandemic in 2020. The recovery, combined with historical reductions in capital spending on world-wide oil projects, has resulted in a very tight physical market for oil, [Read more]
Gear Energy Ltd. announces second quarter 2021 operating results
CALGARY, AB - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is providing the following second quarter operating update to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended June 30, 2021 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended Six months ended (Cdn$ thousands, except per [Read more]