Upstream volumes up 7 percent from prior year Enters agreement to acquire Anadarko Petroleum Corporation SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today reported earnings of $2.6 billion ($1.39 per share – diluted) for first quarter 2019, compared with $3.6 billion ($1.90 per share – diluted) in the first quarter of 2018. Foreign currency effects decreased earnings in the 2019 first quarter by $137 million. Sales and other operating revenues in first quarter [Read more]
Headlines
Imperial announces first quarter 2019 financial and operating results
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSX:IMO): Earnings of $293 million; cash generated from operations of $1 billion $510 million returned to shareholders through share purchases and dividends Second quarter dividend increased by 16 percent to 22 cents per share First quarter millions of Canadian dollars, unless noted 2019 2018 ∆ Net Income (loss) (U.S. GAAP) 293 516 -223 Net Income (loss) per common share, [Read more]
Husky Energy Reports First Quarter 2019 Results
This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “net debt to trailing funds from operations”, “operating netback” and “EBITDA”. Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta, April 26, 2019 (GLOBE NEWSWIRE) -- Husky Energy (TSX: HSE) generated funds from operations of $959 million in the first quarter of 2019, compared to $895 million in the first quarter of 2018. Net earnings [Read more]
Suncor CEO urges Alberta to find way out of oil curtailments
The outgoing chief executive of Canada's Suncor Energy on Thursday urged the new Alberta government to find a way out of mandatory oil production curtailments that were imposed this year to help boost crude prices. Steve Williams also put Canada's failure to build new export pipelines that would ship more crude out of landlocked Alberta squarely at the feet of federal and provincial governments and regulators. Williams will retire next week after 17 years with Canada's largest energy [Read more]
Southern Energy Corp. Announces Strategic Asset Acquisition, $8.0 Million Bought Deal Equity Financing and Rights Offering
CALGARY, April 25, 2019 /CNW/ - Southern Energy Corp. ("Southern" or the "Company") (SOU: TSXV), a U.S.-focused growth-oriented oil and natural gas producer, is pleased to announce that its wholly-owned subsidiary, Southern Energy CMS, LLC, has entered into an agreement (the "Acquisition Agreement") with an arm's length private company to acquire assets in the State of Mississippi (the "Assets") for cash consideration of US$16.5 million ($22.0 million), subject to customary adjustments (the [Read more]
Precision Drilling relies on U.S. growth as Canadian revenue percentage falls
CALGARY - Strong growth in U.S. oilfield activity made up for declines on the Canadian side of the border as Precision Drilling Corp. beat analyst expectations with first-quarter results posted Thursday. The Calgary-based driller reported a 23 per cent increase in activity in the U.S. compared with the same period of 2018, while its Canadian operations declined by 33 per cent, a trend that it said is continuing in the current quarter. "Of note in the quarter, only 36 per cent of our [Read more]
Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2019
CALGARY, April 25, 2019 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2019. The unaudited financial statements and management discussion and analysis for the three months ended March 31, 2019, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on [Read more]
Clearview Resources Ltd. Reports Year End Results
CALGARY, April 25, 2019 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its financial and operational results and crude oil and natural gas reserves information for the nine months ended December 31, 2018. Change in Year End During the year, the Board of Directors approved changing the Company's fiscal year end from March 31 to December 31. Consequently, this press release is a review of the financial position and results of operations of the Company [Read more]
No guarantee of federal decision on Trans Mountain pipeline before election: Sohi
CALGARY - The federal government can't guarantee it will have a decision on the proposed Trans Mountain pipeline expansion prior to the next election, Natural Resources Minister Amarjeet Sohi said. The deadline was pushed back to June 18 from May 22 on the recommendation of Indigenous communities and former Supreme Court justice Frank Iacobucci, who is advising the government on the consultation process. The proposal to twin the existing Trans Mountain pipeline between Edmonton and [Read more]
Enbridge Announces Passing of Board Member Michael E.J. Phelps
CALGARY, April 25, 2019 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced that Michael E.J. Phelps, a member of its Board of Directors, passed away Saturday, April 20, 2019. "Michael was a valued member of the Board, colleague and friend, and we are deeply saddened by the news of his passing," said Al Monaco, Enbridge President and CEO. "On behalf of Enbridge and the entire team, we extend our deepest sympathies and condolences to Michael's family." A member of Enbridge's [Read more]