Imperial Oil reports net income of $749 million in quarter

Petroleum product sales averaged 516,000 barrels per day, the highest quarterly sales in nearly 30 years

Imperial Oil reports net income of $749 million in quarterEnergy giant Imperial Oil reported on Friday that its estimated net income in the third quarter of 2018 was $749 million, an increase of $378 million compared with the net income of $371 million in the same period of 2017. “Imperial’s focus on reliability led to record gross production at Kearl of 244,000 barrels per…

Enbridge reports quarter loss of $90 million

Canada’s largest pipeline operator says its capital projects remain on time and on budget

Enbridge reports quarter loss of $90 millionEnbridge, Canada’s largest pipeline operator, is reporting a net loss attributable to common shareholders of $90 million in the third quarter of this year compared with earnings of $765 million a year ago. The loss was five cents per common share compared with earnings of 47 cents in the third quarter of 2017. “Enbridge continues…

Helping women find their path to success

Stephania Varalli talks about her own journey and how Women of Influence works to help others find their path to success

Helping women find their path to successStephania Varalli is co-CEO and head at media of Women of Influence. What’s Women of Influence and what does it do? Varalli: Our organization aims to help achieve workplace gender equality by inspiring and empowering individuals. We know that the system is biased against women, and it will take time and multiple, parallel efforts to…

TransCanada quarterly net income reaches $928 million

More than $20 billion in projects under development, says company

TransCanada quarterly net income reaches $928 millionTransCanada Corp. had net income attributable to common shares for third quarter 2018 of $928 million or $1.02 per share, compared to net income of $612 million or $0.70 per share for the same period in 2017, the company announced on Thursday. The company also said the $1.5 billion NGTL (Nova Gas Transmission Ltd. System)…

Suncor net earnings top $1.8B in third quarter

‘The ramp up at Fort Hills has gone exceedingly well and the asset is now operating at target rates’

Suncor net earnings top $1.8B in third quarterSuncor Energy reported net earnings of $1.812 billion in its third quarter, up from $1.289 billion in the third quarter of 2017. The company also said operating earnings rose from $867 million last year to $1.557 billion this year. “Strong operational performance was foundational to our success in the third quarter, resulting in over $3…

Encana to acquire all outstanding shares of Newfield

The $5.5 billion transaction positions the company 'to deliver highly efficient growth and quality returns’

Encana to acquire all outstanding shares of NewfieldEncana Corp. is acquiring all of the outstanding shares of common stock of Newfield Exploration Co. in an all-stock transaction valued at approximately $5.5 billion, it was announced on Thursday. In a news release, the companies said Encana will also assume $2.2 billion of Newfield net debt. “The strategic combination will create a leading multi-basin company…

Canadian Natural posts $1.8B net earnings in third quarter

The price per diluted share was $1.47, up from 56 cents a year ago

Canadian Natural posts $1.8B net earnings in third quarterNet earnings for Canadian Natural Resources Ltd. climbed to $1.8 billion in the company’s third quarter, up from $684 million a year ago. “The strength of our well balanced and diverse portfolio, combined with Canadian Natural's ability to effectively and efficiently execute, delivered a strong third quarter for the company,” said Steve Laut, executive vice-chairman,…

Good news for the Canadian economy

Real GDP rose for the seventh consecutive month, led by oil and gas extraction

Good news for the Canadian economyThere was good news for the Canadian economy on Wednesday. Statistics Canada reported that real gross domestic product rose for a seventh consecutive month, edging up 0.1 per cent in August as growth was concentrated in oil and gas extraction and finance and insurance, which more than offset declines in 12 of 20 industrial sectors.…

Energy giant Cenovus reports net loss of $242M in quarter

The company said wide differentials Canadian oil producers have experienced will begin to ease in coming months

Energy giant Cenovus reports net loss of $242M in quarterEnergy giant Cenovus reported on Wednesday a third-quarter loss of $242 million compared with net earnings of $275 million in the third quarter of 2017. The Calgary-based company also said capital investment fell to $271 million in the quarter, which was down from $438 million a year ago. It said it generated more than $700…

Canadian Tire boosts e-commerce offering

Calgary, Vancouver, Saskatoon, Ottawa and Toronto included in first group of self-serve pick-up locations

Canadian Tire boosts e-commerce offeringRetail giant Canadian Tire announced on Wednesday that it has become the first Canadian retailer to put into market new, automated, 16-foot Self-Serve Pick-Up Towers at select locations across the country. The locations are Calgary, Vancouver, Saskatoon, Ottawa and Toronto. It said the Ottawa area will see two new ways to pick up online purchases…