Key Takeaways In the past year, CNQ's shares have lost 12.1% underperforming the sector's average of 0.8% decline. The consensus mark for CNQ's revenues is pegged at $26.96 billion for 2025, implying a 3.6% YoY rise. CNQ benefits from strong operational performance and financial discipline, but high debt levels hurt.Canadian Natural Resources Limited (CNQ) is a leading independent energy producer with a diversified portfolio spanning North America, the U.K. North Sea and Offshore Africa. With a balanced p ...

Key Takeaways CVE resumed full output at Christina Lake on June 12 after a safe restart following wildfire threats. No infrastructure was damaged, and emergency protocols ensured a smooth and controlled ramp-up. Christina Lake remains a top-performing, low-cost asset that supports CVE in achieving its long-term goals.Cenovus Energy Inc. (CVE) has resumed full production at its Christina Lake oil sands facility in northeastern Alberta after wildfire threats in the region prompted a temporary shutdown. The ...

Core Insights - Strathcona Resources Ltd. reported strong financial and operational results for Q1 2025, with record production and operating earnings despite flat WTI prices [1][5][10] - The company declared a quarterly dividend of $0.30 per share, reflecting a 15% increase compared to the previous quarter [10][11] - Strathcona has made a strategic investment in MEG Energy Corp., acquiring 23.4 million shares, representing approximately 9.20% of MEG's current shares outstanding [12] Financial Performance - Total oil production reached 194,609 barrels of oil equivalent per day (boe/d), a 5% increase from Q1 2024 [2][5] - Operating earnings were reported at $322.4 million, a 70% increase from the prior quarter [5][23] - Funds from operations amounted to $558.1 million, up from $455.6 million in Q1 2024 [2][23] Production and Operational Highlights - Bitumen production was 65,016 barrels per day, up from 60,150 barrels per day in Q1 2024 [1][39] - The company achieved a total oil production of 136,186 barrels per day, with 70% being oil and condensate [1][39] - Significant production growth was driven by strong performance at Cold Lake, particularly from the Tucker area [5][6] Capital Expenditures and Cash Flow - Capital expenditures for the quarter were $350.6 million, in line with expectations [5][23] - Free cash flow was reported at $184.0 million, compared to $157.9 million in Q1 2024 [2][23] - The company expects decommissioning costs to average approximately $5 million per quarter for the remainder of 2025 [5] Strategic Initiatives - Strathcona is focused on the construction of the new Meota Central processing facility, which is currently 22% complete and on schedule [7] - The company has entered into agreements to sell substantially all of its Montney assets for approximately $2.84 billion [8][9] - An expanded credit facility of approximately $3.255 billion has been approved, enhancing the company's liquidity position [9]

Suncor Energy Inc. (SU) reported first-quarter 2025 adjusted operating earnings of 91 cents per share, which beat the Zacks Consensus Estimate of 86 cents. This outperformance can be attributed to strong production growth in its upstream segment. However, the bottom line declined from the year-ago quarter’s reported figure of $1.05 due to lower adjusted operating earnings in the downstream segment.Operating revenues of $8.7 billion beat the Zacks Consensus Estimate by 3.9%. However, the top line decreased a ...

ConocoPhillips (COP) reported first-quarter 2025 adjusted earnings per share of $2.09, which beat the Zacks Consensus Estimate of $2.06. The bottom line increased from the prior-year level of $2.03. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)One of the world’s leading independent oil and gas producers, headquartered in Houston, TX, ConocoPhillips’ quarterly revenues of $17.1 billion increased from $14.48 billion in the year-ago period. The top line beat the Zacks Consensus Esti ...

Core Viewpoint - Sky Quarry Inc. has signed a non-binding Letter of Intent with R & R Solutions Inc. to expand its waste-to-energy facilities and enhance revenue opportunities in the Southwest [1][4] Group 1: Partnership and Strategic Expansion - The partnership will focus on deploying Sky Quarry's proprietary equipment and processes at R & R Solutions' site in Albuquerque, New Mexico [2] - This collaboration aims to produce high-value byproducts such as asphalt-coated limestone, sand, granules, bitumen, and structural-grade ground shingles for various applications [2][3] - The partnership is seen as a strategic step for both companies, with R & R Solutions leveraging its experience in responsible recycling practices [4] Group 2: Revenue Generation and Processing Capacity - Sky Quarry expects to generate revenue from both accepting asphalt shingle waste and selling recovered byproducts [3] - The New Mexico site is estimated to process approximately 100,000 tons of asphalt shingle waste annually, potentially generating significant revenue from collection fees and sales of recycled materials [3] - The feedstock could yield up to 150,000 barrels of oil when fully refined, representing additional revenue potential [3] Group 3: Operational Efficiency and Market Position - The Albuquerque region is strategically located near Sky Quarry's PR Spring facility in Utah, which will serve as a hub for hydrocarbon extraction [4] - The integration of operations across both sites is expected to accelerate deployment, reduce capital intensity, and improve supply chain logistics for recovered oil products [4] - This collaboration is anticipated to drive stronger margins and long-term value for both companies [4]

Core Insights - Cenovus Energy Inc. reported strong financial and operational results for Q1 2025, generating over $1.3 billion in cash from operating activities and $2.2 billion in adjusted funds flow [1][10][17] - The company announced an 11% increase in the base dividend to $0.80 per share annually, effective Q2 2025, supported by its growth plan and resilience at a US$45 WTI oil price [2][24] - Cenovus's total revenues for Q1 2025 reached $13.3 billion, up from $12.8 billion in Q4 2024, driven by rising commodity prices [10][18] Financial Performance - Cash from operating activities was $1,315 million, down from $2,029 million in Q4 2024 [4][17] - Adjusted funds flow increased to $2,212 million from $1,601 million in the previous quarter [4][17] - Free funds flow was $983 million, significantly higher than $123 million in Q4 2024 [4][17] - Net earnings for Q1 2025 were $859 million, compared to $146 million in Q4 2024 [4][17] - Long-term debt stood at $7.5 billion, with net debt increasing to $5.1 billion [19] Production and Operational Highlights - Upstream production reached 818,900 barrels of oil equivalent per day (BOE/d), slightly up from 816,000 BOE/d in Q4 2024 [6][12] - Downstream crude throughput was 665,400 barrels per day (bbls/d), consistent with the previous quarter [14] - Canadian refining achieved a record utilization rate of 104%, while U.S. refining had a utilization rate of 90% [8][15] - The company returned $595 million to shareholders, including share purchases and dividends [25] Growth Projects - Cenovus is progressing its major growth projects, including the Narrows Lake and West White Rose projects, with first oil expected in Q3 2025 and Q2 2026, respectively [21][22][23] - The optimization project at Foster Creek is approximately 75% complete and on schedule for startup in 2026 [21] Dividend Declarations - The Board declared a quarterly base dividend of $0.20 per common share, payable on June 30, 2025 [24] - The company also declared dividends on its preferred shares, with rates ranging from 2.577% to 4.568% [24]

Greenfire Resources Reports First Quarter 2025 Results and Provides an Operational UpdateMay 06, 2025 6:15 PM EDT | Source: Greenfire Resources Ltd.Readers are advised to review the "Non-GAAP and Other Financial Measures" section of this press release for information regarding the presentation of financial measures that do not have standardized meaning under IFRS® Accounting Standards. Readers are also advised to review the "Forward-Looking Information" section in this press release for inform ...

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production volumes are ...

Paris, 5 May 2025, 5:45pm Energy Distribution Retail & Marketing - Solid volume growth at +4%, gross margin at €218m (+4%) Strong momentum of the retail business both in Africa and in the Caribbean regionBitumen activity performing well in Togo and South Africa – Nigeria volume growth resumes Support & Services – Revenue up 2% at €266m Lower bitumen trading margins as a result of higher in-house activity Renewable Electricity Production Secured portfolio up 22% vs March 2024 at 1.1 GWp No direct impact o ...