[Check against delivery] December 5, :00 a.m. Calgary time
|
|
- Jennifer Pitts
- 6 years ago
- Views:
Transcription
1 [Check against delivery] December 5, :00 a.m. Calgary time Thacker: Good morning everyone. Thank you for joining us today to discuss this morning s press release. With me in the room are Mr. John Lau, President and Chief Executive Officer, Rob Peabody, Chief Operating Officer, Don Ingram, Senior Vice President of Midstream and Refined Products and Mike D Aguiar, Vice President of Finance. The format for today s call is as follows. John will give a brief overview of the transaction and discuss the strategic benefits to Husky. We will then open the call to questions. We will begin with analysts and investors for approximately minutes and then conclude with media questions for approximately 15 minutes. To ensure we have time for everyone, please limit yourself to one question per caller. I will now turn the call over to John. Lau: Thank you, Tanis, and good morning to everyone. Today s announcement represents a significant step forward in Husky s strategy of integrated oil sands development. 1
2 Our Sunrise asset has long been recognized as one of the best leases in the Athabasca oil sands. By integrating this asset with the world class refinery at Toledo, Ohio, we are able to ensure a project that maximizes returns to shareholders while minimizing the inherent risk of proceeding with a mega oil sands project. Husky s integrated strategy with respect to large scale oil sands development is critical to protecting the integrity of our business. By participating in the entire value chain, from wellhead to products, we are able to mitigate the pricing risk and volatility associated with selling bitumen or synthetic crude oil. We believe that the joint venture with a U.S. refinery is the best option for value creation for our company. By partnering with BP, we gain expertise in not only the refining business, but also in the upstream development. The Sunrise oil sands development and production, will be handled by Husky. The Sunrise lease contains contingent resources of approximately 9 billion barrels and is expected to achieve peak production of 200,000 barrels per day by 2015 to Development will be in phases with first phase to 60,000 barrels per day in Front end engineering is well advanced and site preparation has 2
3 commenced. Project development approval is expected to be in The refining operation and expansion will be handled by BP. The Toledo refinery, located in Ohio, has a nameplate capacity of 155,000 barrels per day and currently converts 60,000 barrels per day of heavy sour crude into products including low sulphur gasoline, ultra low sulphur diesel, aviation fuels, propane, kerosene and asphalt. The refining plans to expand bitumen processing capacity at Toledo to 120,000 barrels per day with total processing capacity of 170,000 barrels per day by The joint venture transaction, subject to the execution of final definitive agreements and regulatory approval, is expected to close in the first quarter of 2008 with an effective date January 1, Husky will be entitled to receive 50 percent of the earnings and cash flows from the refining operation from the effective date. This partnership solidifies Husky s position in the U.S. refining market and allows both parties to move forward with development of the Sunrise oil sands lease and the conversion of the Toledo refinery to handle bitumen crude. 3
4 Regarding the Lima refinery With the downstream solution determined for Sunrise oil sands, we are able to focus on converting Lima to process conventional heavy oil volumes. The conversion of the Lima refinery to process heavy oil volumes from the Lloydminster area provides the strongest returns to our shareholders. Since the completion of the Lima acquisition, the refinery has been able to increase throughputs to 162,000 barrels per day from 147,000 barrels per day. We have been extremely impressed with this achievement, the level of expertise and commitment of the staff at the refinery and we are excited about the future at this location. Regarding the expansion of the Lloydminster Upgrader, we have completed the front end engineering. As we reviewed all downstream expansion options associated with Husky s heavy oil and bitumen production strategy, the Lloydminster Upgrader expansion has been deferred but remains an option in the future. In conclusion, I would like to summarize the strategic elements of today s transaction as follows: 1. Husky will receive immediate earnings from the refining assets. 2. This transaction increases our level of integration and will match Husky s oil sands production growth profile 4
5 3. The risks of developing a large scale oil sands play are minimized with respect to project costs and timing of completion. 4. It is the best integrated solution to create shareholder value for Husky by capturing the whole value chain. 5. This transaction preserves Husky s option to upgrade heavy oil at the Lima refinery, which is the most efficient, value-added use for this asset. Back to you Tanis. Thacker: Thank you John. That concludes the formal part of the call. We would be pleased to answer any questions you might have. As I stated at the beginning of the call, we will first take calls from analysts and investors, and then we will open the line to the media. I will now turn it back to the conference operator. Question and Answer Period Thacker: Thank you for your participation in our conference call today. If you have any additional questions or comments, please do not hesitate to follow up with me offline. 5
[Check against delivery] February 4, :15 p.m. Calgary time
[Check against delivery] February 4, 2010 2:15 p.m. Calgary time Aherne: Good afternoon everyone. Thank you for joining us today to discuss our 2009 fourth quarter results. With me today are Mr. John Lau,
More informationInterim Supplemental Information (unaudited) For the period ended September 30, Husky Energy Inc.
Interim Supplemental Information (unaudited) For the period ended September 30, 2017 Husky Energy Inc. Table of Contents 1. Supplemental Financial Information 2. Supplemental Upstream Operating Statistics
More informationHusky to Present Five-Year Growth Plan at Investor Day
Calgary, Alberta May 30, 2017 Five-Year Plan Highlights 1 Husky to Present Five-Year Growth Plan at Investor Day Key Metrics 2017 2017 2021F CAGR 2 2021F Production (mboe/day) 320-335 4.8% 390-400 Funds
More informationHusky Energy To Grow Margins And Invest In Higher Return Production
Husky Energy To Grow Margins And Invest In Higher Return Production Calgary, Alberta (Dec. 13, 2016) Husky Energy announced today its 2017 production guidance and capital program. Our vitals are strong,
More informationImperial earns $516 million in the first quarter of 2018
Q1 News Release Calgary, April 27, 2018 Imperial earns $516 million in the first quarter of 2018 $1 billion of cash generated from operations; nearly $400 million returned to shareholders Quarterly dividend
More informationImperial announces third quarter 2017 financial and operating results
Q3 News Release Calgary, October 27, 2017 Imperial announces third quarter 2017 financial and operating results 18 percent increase in upstream production from the second quarter of 2017 Petroleum product
More informationHusky Energy Announces 2016 Third Quarter Results
Husky Energy Announces 2016 Third Quarter Results Calgary, Alberta (October 27, 2016) Husky Energy continued to grow its deep portfolio of high quality production in the third quarter while delivering
More informationValue Proposition. Strong Defense... Strong Offence
Value Proposition Strong Defense... Strong Offence Production and throughput growth from a large inventory of low cost projects = returns-focused growth Improving earnings and cash break-evens Strong growth
More informationImperial announces 2017 financial and operating results
Q4 News Release Calgary, February 2, 2018 Imperial announces 2017 financial and operating results Full-year earnings of $490 million; $1,056 million excluding upstream non-cash impairment charges Progressing
More informationStronger and More Resilient Business
CAPP Scotiabank Investment Symposium Rob Symonds, SVP Western Canada April 12-13, 2016 Stronger and More Resilient Business Business Strategy On Course Focused diversification contributing to resiliency
More informationHusky Energy Inc. Consolidated Financial Statements. For the Year Ended December 31, 2010
Husky Energy Inc. Consolidated Financial Statements For the Year Ended December 31, 2010 MANAGEMENT S REPORT The management of Husky Energy Inc. ( the Company ) is responsible for the financial information
More informationHARVEST ENERGY ANNOUNCES FIRST QUARTER 2008 RESULTS AND CONTINUES C$0.30 MONTHLY DISTRIBUTION
News Release Sustainable Growth ANNOUNCES FIRST QUARTER 2008 RESULTS AND CONTINUES C$0.30 MONTHLY DISTRIBUTION Calgary, Alberta May 7, 2008 (TSX: HTE.UN; NYSE: HTE) Harvest Energy ( Harvest ) today announces
More informationStronger and More Resilient Business
Corporate Presentation February 2016 Stronger and More Resilient Business Business Strategy On Course Focused diversification contributing to resiliency Integrated value chains maximizing margins Transition
More informationFocused Integration Continues to Deliver for Husky Energy
Focused Integration Continues to Deliver for Husky Energy Calgary, Alberta (February 6, 2013) Husky Energy s focused integration strategy contributed to the delivery of strong results in 2012 by capturing
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationHusky Energy Reports Fourth Quarter Results
Husky Energy Reports Fourth Quarter Results Calgary, Alberta (February 26, 2016) Husky Energy continues to take decisive action to fortify its business for the long term. Our continuing structural transformation
More informationCenovus Energy Inc. Management s Discussion and Analysis For the Period Ended June 30, 2010 (Canadian Dollars)
Management s Discussion and Analysis For the Period Ended June 30, 2010 (Canadian Dollars) This Management s Discussion and Analysis ( MD&A ) for ( Cenovus, we, our, us or the Company ), dated July 28,
More informationHARVEST OPERATIONS ANNOUNCES YEAR END 2010 RESERVES
News Release Sustainable Growth ANNOUNCES YEAR END 2010 RESERVES Calgary, Alberta February 28, 2011 Harvest Operations Corp. ( Harvest ) (TSX: HTE.DB.D, HTE.DB.E, HTE.DB.F and HTE.DB.G) today announces
More informationHusky Energy Lowers Break Even to Sub-$40 US WTI, Announces 2016 Guidance
Husky Energy Lowers Break Even to Sub-$40 US WTI, Announces 2016 Guidance Calgary, Alberta (December 8, 2015) Husky Energy continues to build on its resilience with a focus on growing profitably and further
More informationHusky Energy Inc (TSX: HSE) Corporate Update September 2009
Corporate Overview September 2009 Corporate Overview Fully integrated energy company Market capitalization approx $25 billion, enterprise value $29 billion Heavy Oil pioneer 70-year track record of responsible
More informationFocus. Annual Report 2017
Focus Annual Report 2017 Corporate Profile Husky Energy is an integrated oil and gas company based in Calgary, Alberta and its common shares are publicly traded on the Toronto Stock Exchange under the
More informationMANAGEMENT S DISCUSSION AND ANALYSIS
MANAGEMENT S DISCUSSION AND ANALYSIS April 26, Table of Contents 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 1.0 Summary of Quarterly Results Business Overview Business Environment Results of Operations Risk
More informationMANAGEMENT'S DISCUSSION AND ANALYSIS
MANAGEMENT'S DISCUSSION AND ANALYSIS May 6, 2013 Table of Contents 1. Summary of Quarterly Results 2. Business Environment 3. Strategic Plan 4. Key Growth Highlights 5. Results of Operations 6. Liquidity
More informationHUSKY ENERGY 2017 INVESTOR DAY WEBCAST TRANSCRIPT
HUSKY ENERGY 2017 INVESTOR DAY WEBCAST TRANSCRIPT Date: Tuesday, May 30, 2017 Time: Speakers: 10:00 AM ET Janet Annesley Senior Vice-President, Corporate Affairs Rob Peabody President and Chief Executive
More informationHUSKY ENERGY REPORTS 2006 ANNUAL AND FOURTH QUARTER RESULTS HUSKY ENERGY REPORTS 2007 ANNUAL AND FOURTH QUARTER RESULTS
HUSKY ENERGY REPORTS 2006 ANNUAL AND FOURTH QUARTER RESULTS 3,500 3,000 2,500 2,000 1,500 1,000 500 6,000 5,000 4,000 3,000 2,000 1,000 0 400 350 300 250 0 HUSKY ENERGY REPORTS 2007 ANNUAL AND FOURTH QUARTER
More informationProduction (mboe/d) % Funds from operations (FFO) 1 $3.3B 9% ~$4.8B 2 Free cash flow (FCF) 1 $750M 12% ~$1.2B 2
Value Proposition Returns-focused growth Large inventory of low cost projects Low and improving earnings and cash break-evens Strong growth in funds from operations and free cash flow Resilient to volatile
More informationHusky Produces Steady Results With Production Growth On Target
Husky Produces Steady Results With Production Growth On Target Calgary, Alberta (July 24, 2014) Husky Energy advanced a strong balance of near, mid and long-term projects in the second quarter while generating
More informationHusky Energy Reports 2017 First Quarter Results
Husky Energy Reports 2017 First Quarter Results Calgary, Alberta (May 5, 2017) Good operational performance in the first quarter delivered funds from operations of $709 million, a 63 percent increase compared
More informationProduction (mboe/d) % Funds from operations (FFO) 1 $3.2B 9% ~$4.8B 2 Free cash flow (FCF) 1 $750M 12% ~$1.2B 2
Value Proposition Returns-focused growth Large inventory of low cost projects Low and improving earnings and cash break-evens Strong growth in funds from operations and free cash flow Resilient to volatile
More informationImperial Oil announces estimated fourth quarter financial and operating results
Q4 news release FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2012 Calgary, February 1, 2013 Imperial Oil announces estimated fourth quarter financial and operating results Fourth quarter Twelve months (millions
More informationCorporate Overview. Husky Energy Inc (TSX: HSE) Fixed Income Investors March Fixed Income Investors March 2010
Fixed Income Investors March 2010 Alister Cowan Vice President and Chief Financial Officer Corporate Overview Fully integrated energy company with upstream, midstream and downstream operations Market capitalization
More informationImperial announces 2016 financial and operating results
Q4 News Release Calgary, January 31, 2017 Imperial announces 2016 financial and operating results Full-year earnings of $2.2 billion, including gains on retail asset sales of $1.7 billion Increased annual
More informationHusky Energy Delivers in Third Quarter
Husky Energy Delivers in Third Quarter Calgary, Alberta (Nov. 1, 2012) Husky Energy Inc. achieved steady results during the third quarter through consistent execution of key performance milestones. Our
More informationEXXON MOBIL CORPORATION ANNOUNCES ESTIMATED FIRST QUARTER 2014 RESULTS
News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE THURSDAY, MAY 1, 2014 EXXON MOBIL CORPORATION ANNOUNCES
More informationHUSKY ENERGY REPORTS 2006 FIRST QUARTER RESULTS
HUSKY ENERGY REPORTS 2006 FIRST QUARTER RESULTS First Quarter Net Earnings 600 ($ millions) 524 500 384 400 300 255 200 100 0 2004 2005 2006 First Quarter Cash Flow from Operations ($ millions) 967 1,000
More informationImperial earns $196 million in the second quarter of 2018
Q2 News Release Calgary, July 27, 2018 Imperial earns $196 million in the second quarter of 2018 Nearly $900 million of cash generated from operations; more than $1 billion returned to shareholders Renewed
More informationMANAGEMEN T S DIS CUS SION AND ANALYS IS
MANAGEMEN T S DIS CUS SION AND ANALYS IS July 23, 2012 Table of Contents 1. Summary of Quarterly Results 2. Business Environment 3. Strategic Plan 4. Key Growth Highlights 5. Results of Operations 6. Liquidity
More informationHusky Energy's 2015 Update / 2014 Fourth Quarter and Annual Results
Husky Energy's 2015 Update / 2014 Fourth Quarter and Annual Results CALGARY, AB (Marketwired February 12, 2015) Husky Energy (TSX: HSE) continues to focus on efficiencies, manage its investment flows and
More informationCONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS Condensed Consolidated Balance Sheets (millions of Canadian dollars) (unaudited) Assets Current assets March 31, 2012 December 31, 2011 Cash and cash
More informationHusky Energy Proposes to Acquire MEG Energy for $11 per Share in Cash and Shares in Transaction Valued at $6.4 Billion
Calgary, Alberta September 30, 2018 Husky Energy Proposes to Acquire MEG Energy for $11 per Share in Cash and Shares in Transaction Valued at $6.4 Billion Delivers immediate 44% premium for MEG shareholders
More informationBuilding Momentum. Annual Report 2012
Building Momentum Annual Report 2012 Liwan Gas Project plant construction Sunrise Energy Project construction Corpor ate Profile Husky Energy is one of Canada s largest integrated energy companies. It
More informationHusky Energy Reports Third Quarter 2017 Results
Calgary, Alberta October 26, 2017 Husky Energy Reports Third Quarter 2017 Results Husky recorded funds from operations of $891 million in the third quarter, leading to free cash flow of $380 million. The
More informationResilience. Annual Report 2015
Resilience Annual Report 2015 Corpor ate Profile Husky Energy is one of Canada s largest integrated energy companies. It is based in Calgary, Alberta and its common shares are publicly traded on the Toronto
More informationMANAGEMENT'S DISCUSSION AND ANALYSIS
MANAGEMENT'S DISCUSSION AND ANALYSIS October 3, Table of Contents.. 3. 4. 5. 6. 7. 8. 9. 0.... Summary of Quarterly Results Business Environment Strategic Plan Key Growth Highlights Results of Operations
More informationMANAGEMENT S DISCUSSION AND ANALYSIS
MANAGEMENT S DISCUSSION AND ANALYSIS October 31, 2012 Table of Contents 1. Summary of Quarterly Results 2. Business Environment 3. Strategic Plan 4. Key Growth Highlights 5. Results of Operations 6. Liquidity
More informationMarketability of Oil Sands Products in Asian Countries
Marketability of Oil Sands Products in Asian Countries Presentation to HUTF June 20, 2007 Duke du Plessis, Alberta Energy Research Institute (AERI) Nancy Wu, Alberta Employment, Immigration and Industry
More informationMANAGEMENT'S DISCUSSION AND ANALYSIS
MANAGEMENT'S DISCUSSION AND ANALYSIS May 6, Table of Contents 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 1. Summary of Quarterly Results Business Environment Strategic Plan Key Growth Highlights Results of
More informationHusky Energy Inc (TSX: HSE) AGM April 20, Advisories. Annual Meeting of Shareholders April 20, Forward Looking Statements
Annual Meeting of Shareholders April 20, 2010 Advisories Forward Looking Statements Certain statements in this presentation are forward looking statements within the meaning of Section 21E of the United
More informationImperial announces 2018 financial and operating results
Q4 News Release Calgary, February 1, 2019 Imperial announces 2018 financial and operating results Full-year earnings of $2,314 million; $3,922 million cash generated from operations Record annual gross
More informationPortfolio Strength. Annual Report 2014
Portfolio Strength Annual Report 2014 Corpor ate Profile Husky Energy is one of Canada s largest integrated energy companies. It is based in Calgary, Alberta and publicly traded on the Toronto Stock Exchange
More informationHusky Energy Announces Major Strategic Growth Initiatives
Husky Energy Announces Major Strategic Growth Initiatives Calgary, Alberta (Nov. 29, 2010) Husky Energy Inc. announced today several cornerstone strategic initiatives intended to accelerate near-term production
More informationEXXON MOBIL CORPORATION ANNOUNCES ESTIMATED THIRD QUARTER 2013 RESULTS
News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE THURSDAY, OCTOBER 31, 2013 EXXON MOBIL CORPORATION ANNOUNCES
More informationExecutive Overview. Rich Kruger, Chairman, President & CEO
Executive Overview Rich Kruger, Chairman, President & CEO Cautionary statement Statements of future events or conditions in these materials, including projections, targets, expectations, estimates, and
More informationDelivering and Improving on the Five Year Plan
Delivering and Improving on the Five Year Plan 2017 Achievements a a a a a a Downstream: increase heavy oil processing capacity Superior Refinery acquired November 2017 2018 2021 incremental FCF of $500MM
More informationStrategy on Course. Diverse portfolio Focused integration Transition to a low sustaining capital business. Western Canada. Lloyd Heavy Oil Thermals
Corporate Presentation October 2016 Strategy on Course Diverse portfolio Focused integration Transition to a low sustaining capital business Lloyd Heavy Oil Thermals Western Canada Oil Sands Atlantic Region
More informationDelivering Sustainable Growth by Technological Innovation. Husky Energy Inc. Annual Report 2009
Delivering Sustainable Growth by Technological Innovation Husky Energy Inc. Annual Report 2009 Husky Share Price Performance vs Indices Husky Energy Inc. commenced trading on the Toronto Stock Exchange
More informationHusky Takes Action to Improve Resiliency and Fortify Business, Announces Third Quarter Results
Husky Takes Action to Improve Resiliency and Fortify Business, Announces Third Quarter Results Calgary, Alberta (October 30, 2015) While Husky Energy continues to make progress implementing cost reductions
More informationHusky Energy Inc. Annual Report
Husky Energy Inc. Annual Report 2006 Clear vision Financial discipline Project execution Husky s value creation strategy has three components a clear vision of what we want to achieve, rigorous financial
More informationValue Creation Opportunity For All Shareholders Better Together
Value Creation Opportunity For All Shareholders Better Together Benefits to MEG Shareholders Benefits to Husky Shareholders 44% premium over MEG s 10-day volume-weighted average share price of $7.62 per
More informationHARVEST OPERATIONS ANNOUNCES SECOND QUARTER 2012 FINANCIAL AND OPERATING RESULTS
Press Release HARVEST OPERATIONS ANNOUNCES SECOND QUARTER 2012 FINANCIAL AND OPERATING RESULTS CALGARY, ALBERTA AUGUST 8 TH, 2012: Harvest Operations Corp. (TSX: HTE.DB.D, HTE.DB.E, HTE.DB.F and HTE.DB.G)
More informationPricing of Canadian Oil Sands Blends
Pricing of Canadian Oil Sands Blends Presented to: Edmonton CFA Society Investing In Alberta s Oil Sands Conference Edmonton, Alberta June 8, 2006 Steve Fekete Senior Principal Calgary, Alberta 403-266-7086
More informationImperial Oil announces estimated fourth quarter financial and operating results
Q4 news release FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2013 Calgary, January 30, 2014 Imperial Oil announces estimated fourth quarter financial and operating results Fourth quarter Twelve months (millions
More informationHusky Energy 2012 Capital Expenditure Program Builds on Established Momentum
Husky Energy 2012 Capital Expenditure Program Builds on Established Momentum Calgary, Alberta (December 1, 2011) Husky Energy Inc. announces a $4.7 billion ($4.1 billion net cash) capital expenditure program
More informationAlon USA Reports First Quarter Earnings; Declares Quarterly Cash Dividend
May 9, 2007 Alon USA Reports First Quarter Earnings; Declares Quarterly Cash Dividend Company schedules conference call for May 10, 2007 at 10:00 A.M. Eastern DALLAS, May 9 /PRNewswire-FirstCall/ -- Alon
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationHusky Energy Raises Dividend; Reports Second Quarter 2018 Results
Calgary, Alberta July 26, 2018 Husky Energy Raises Dividend; Reports Second Quarter 2018 Results Husky Energy s Board of Directors has approved increasing the quarterly cash dividend to $0.125 per common
More informationOn Course. Annual Report 2011
On Course Annual Report 2011 Corpor ate Profile Husky Energy is one of Canada s largest integrated energy companies. It is headquartered in Calgary, Alberta, and is publicly traded on the Toronto Stock
More informationHusky Energy Continues to Execute in First Quarter 2012
Husky Energy Continues to Execute in First Quarter 2012 Calgary, Alberta (April 25, 2012) Husky Energy Inc. delivered a strong performance in the first quarter of 2012. Net earnings for the quarter were
More informationBalanced Growth Strategy Delivering
Peters & Co. 2015 Energy Conference Rob Symonds, SVP Western Canada September 2015 Balanced Growth Strategy Delivering 2 Balance Sheet Strength Investment grade credit rating S&P: BBB+ Moody s: Baa2 DBRS:
More informationTransMontaigne Announces Third Quarter Results
TransMontaigne Announces Third Quarter Results Achieved record levels of revenue, Consolidated EBITDA and distributable cash flow for the third quarter of 2018 Revenue for the third quarter of 2018 totaled
More informationCONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (unaudited) Condensed Consolidated Balance Sheets
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (unaudited) Condensed Consolidated Balance Sheets (millions of Canadian dollars) September 30, 2017 December 31, 2016 Assets Current assets Cash and
More informationBalanced Growth Strategy Delivering
Corporate Presentation May 2015 Balanced Growth Strategy Delivering 2 Performance Highlights 2010 2014 6,000 Cash Flow from Operations 2,500 Adjusted Net Earnings 2,000 CDN $Millions 4,000 2,000 CDN $Millions
More informationTransMontaigne Announces First Quarter Results and Expansion
TransMontaigne Announces First Quarter Results and Expansion TransMontaigne will expand its Brownsville, Texas operations, supported by the execution of longterm, fee-based terminaling and pipeline agreements
More informationCEFC INTERNATIONAL LIMITED (SGX: Y35) CORPORATE PRESENTATION. October 2015
1 CEFC INTERNATIONAL LIMITED (SGX: Y35) CORPORATE PRESENTATION October 2015 1 Disclaimer 2 The presentation is prepared by CEFC International (the Company ) and is intended solely for your personal reference
More informationHSE. Husky Energy Inc. Reports Solid Financial Results; Major Projects Commence Contribution to Production
HUSKY ENERGY INC. TSE SYMBOL QUARTERLY REPORT FOR THE PERIOD ENDING JUNE 30, 2002 HSE LOOKING BEYOND THE HORIZON Wenchang FPSO Husky Energy Inc. Reports Solid Financial Results; Major Projects Commence
More informationMarathon Petroleum Corporation Reports First-Quarter 2015 Results
Marathon Petroleum Corporation Reports First-Quarter 2015 Results Reported record first-quarter earnings of $891 million ($3.24 per diluted share) Converted over 400 of the 1,245 new retail sites to the
More informationTransMontaigne Announces Fourth Quarter and Full Year 2017 Results and the Filing of its 2017 Annual Report on Form 10-K
TransMontaigne Announces Fourth Quarter and Full Year 2017 Results and the Filing of its 2017 Annual Report on Form 10-K Acquired two terminal facilities on the U.S. West Coast with approximately 5 million
More informationValero Energy Reports Third Quarter 2018 Results
Valero Energy Reports Third Quarter 2018 Results Reported net income attributable to Valero stockholders of $856 million, or $2.01 per share. Invested $604 million of capital in the third quarter. Approved
More informationAlon USA Reports Second Quarter Results
August 5, 2010 Alon USA Reports Second Quarter Results Declares Quarterly Cash Dividend Company schedules conference call for August 6, 2010 at 10:00 A.M. Eastern DALLAS, Aug. 5 /PRNewswire-FirstCall/
More informationAlon USA Reports Second Quarter Results
August 4, 2011 Alon USA Reports Second Quarter Results Declares Quarterly Cash Dividend Company schedules conference call for August 5, 2011 at 10:00 a.m. Eastern DALLAS, Aug. 4, 2011 /PRNewswire/ -- Alon
More informationImperial announces first quarter 2017 financial and operating results
Q1 News Release Calgary, April 28, 2017 Imperial announces first quarter 2017 financial and operating results Earnings of $333 million, an increase of $434 million compared to the same period of 2016 Strong
More informationAlon USA Reports Second Quarter Results
August 8, 2012 Alon USA Reports Second Quarter Results Declares Quarterly Cash Dividend Company schedules conference call for August 9, 2012 at 10:00 a.m. Eastern DALLAS, Aug. 8, 2012 /PRNewswire/ -- Alon
More informationDelek US Holdings Reports Second Quarter 2018 Results
Delek US Holdings Reports Second Quarter 2018 Results August 7, 2018 Positioned to benefit from significant current Midland-Cushing discount with 207,000 bpd of Permian Basin crude oil access Reported
More informationHUSKY ENERGY FIRST QUARTER 2016 CONFERENCE CALL & WEBCAST TRANSCRIPT
HUSKY ENERGY FIRST QUARTER 2016 CONFERENCE CALL & WEBCAST TRANSCRIPT Date: Tuesday, April 26, 2016 Time: Speakers: 8:00 AM MT Asim Ghosh President and Chief Executive Officer Jonathan McKenzie Chief Financial
More informationKey Companies Active in Alberta Oil Sands
Key Companies Active in Alberta Oil Sands Crystal Roberts / Kirill Abbakumov CS Calgary - December 2014 Alberta Oil Sands Overview The oil sands comprise more than 98% of Canada s 173 billion barrels of
More informationNews Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX Telephone Facsimile
News Release 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE THURSDAY, APRIL 30, 2015 ExxonMobil Earns $4.9 Billion in of 2015 Balanced portfolio
More informationNews Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX Telephone Facsimile
News Release 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE TUESDAY, JANUARY 31, 2017 ExxonMobil Earns $7.8 Billion in 2016; $1.7 Billion
More informationAlon USA Partners Reports Second Quarter Results
August 5, 2013 Alon USA Partners Reports Second Quarter Results Declares Quarterly Cash Distribution Partnership schedules conference call for August 7, 2013 at 10:00 a.m. Eastern DALLAS, Aug. 5, 2013
More informationEXXON MOBIL CORPORATION ANNOUNCES ESTIMATED FOURTH QUARTER 2011 RESULTS % %
News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE TUESDAY, JANUARY 31, 2012 EXXON MOBIL CORPORATION ANNOUNCES
More informationAlon USA Reports Third Quarter Results
November 5, 2008 Alon USA Reports Third Quarter Results Declares Quarterly Cash Dividend Company schedules conference call for November 6, 2008 at 10:00 A.M. Eastern DALLAS, Nov. 5 /PRNewswire-FirstCall/
More informationEXXON MOBIL CORPORATION ANNOUNCES ESTIMATED FIRST QUARTER 2012 RESULTS % %
News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE THURSDAY, APRIL 26, 2012 EXXON MOBIL CORPORATION ANNOUNCES
More informationGrowing Downstream Value Scotia Howard Weil Conference New Orleans - March 25, 2019 Bryan Milton President, Fuels and Lubricants Company, Exxon Mobil
Growing Downstream Value Scotia Howard Weil Conference New Orleans - March 25, 2019 Bryan Milton President, Fuels and Lubricants Company, Exxon Mobil Corporation CAUTIONARY STATEMENT CAUTIONARY STATEMENT
More informationCVR REFINING REPORTS 2013 SECOND QUARTER RESULTS
CVR REFINING REPORTS 2013 SECOND QUARTER RESULTS 2013 second quarter cash distribution of $1.35 per common unit, bringing 2013 cumulative cash distributions to $2.93 SUGAR LAND, Texas (Aug. 1, 2013) CVR
More informationAlon USA Reports Fourth Quarter and Full Year 2012 Results
March 6, 2013 Alon USA Reports Fourth Quarter and Full Year 2012 Results Company schedules conference call for March 7, 2013 at 11:30 a.m. Eastern DALLAS, March 6, 2013 /PRNewswire/ -- Alon USA Energy,
More informationValero Energy Reports First Quarter 2018 Results
Valero Energy Reports First Quarter 2018 Results Reported net income attributable to Valero stockholders of $469 million, or $1.09 per share, and adjusted net income attributable to Valero stockholders
More informationenergy for the future 2004 annual report
energy for the future 2004 annual report 3 message to shareholders 14 management s discussion and analysis 54 financial statements 103 investor information 104 corporate directors and officers expanding
More informationChevron Reports Second Quarter Net Income of $1.5 Billion
FOR RELEASE AT 5:30 AM PDT JULY 28, 2017 Chevron Reports Second Quarter Net Income of $1.5 Billion San Ramon, Calif., July 28, 2017 Chevron Corporation (NYSE: CVX) today reported earnings of $1.5 billion
More informationHusky Energy Delivers Solid Results in 2013
Husky Energy Delivers Solid Results in 2013 Calgary, Alberta (February 12, 2014) Husky Energy recorded a four percent increase in cash flow from operations in 2013 during a period of significant commodity
More informationInter Pipeline Fund Announces Strong Third Quarter 2010 Results
News Release Inter Pipeline Fund Announces Strong Third Quarter 2010 Results CALGARY, ALBERTA, NOVEMBER 4, 2010: Inter Pipeline Fund ( Inter Pipeline ) (TSX: IPL.UN) announced today its financial and operating
More informationTufan Erginbilgic BP 4Q & FULL YEAR 2017 RESULTS & STRATEGY UPDATE. Chief Executive, Downstream
BP 4Q & FULL YEAR 2017 RESULTS & STRATEGY UPDATE Tufan Erginbilgic Chief Executive, Downstream BP 4Q 2017 & FULL RESULTS YEAR 2017 RESULTS & STRATEGY UPDATE 42 42 Downstream strategy SAFETY STRATEGIC PRIORITIES
More information