Pierre Alvarez , president of the Canadian Association of Petroleum Producers will resign after nine years. The board has formed a search committee to seek a replacement. Alvarez says, “During my time as President of CAPP, I have had the privilege of working with some of the most talented and dedicated business people in this country. And I’ve had the chance to participate in the evolution of Canada into a global energy powerhouse. It’s been an intensely rewarding experience.”
Exxon Signals Strong Q4 Profit to Drive Annual Record
2023-01-05 - Preliminary operational results confirmed that 2022 was Exxon Mobil's best financial year, the company reported, with profits nearing $58 billion.
Shell LNG Trading Provides Quarterly Boost Despite Output Drop
2023-01-06 - Shell will be releasing its full-year financial and operational results on Feb. 2.
Saudi Aramco Reports Record $161.1 Billion Profit In 2022
2023-03-13 - Aramco's profits, which are around triple that of Exxon's $56 billion, follow similar reports in February from international peers such as BP, Shell, and Chevron which have mostly posted record profits for last year.
Shell 2022 Profit More Than Doubles To Record $40 Billion
2023-02-02 - The British company's record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week and are certain to intensify pressure on governments to further raise taxes on the sector.
Abu Dhabi's ADNOC Drilling Net Profit Rises 33% in 2022
2023-02-13 - ADNOC Drilling was able to report a 33% net profit increase in 2022 due in large part to new rigs being added to the company's operational fleet, which now contains 115 rigs.