Thursday, 19 December 2024
Home Topics Business Vermilion Energy raises dividend, plans $600M-$625M capital spending for 2025
BusinessFinanceFuelNatural GasNewsOil

Vermilion Energy raises dividend, plans $600M-$625M capital spending for 2025

3
Vermilion Energy Inc. raised its dividend as it outlined a capital spending plan of $600 million to $625 million for 2025. The corporate logo of Vermilion Energy Inc. is shown. THE CANADIAN PRESS/HO
Vermilion Energy Inc. raised its dividend as it outlined a capital spending plan of $600 million to $625 million for 2025. The corporate logo of Vermilion Energy Inc. is shown. THE CANADIAN PRESS/HO

CALGARY — Vermilion Energy Inc. raised its dividend as it outlined a capital spending plan of $600 million to $625 million for 2025.

The company says it will pay a quarterly dividend of 13 cents per share, up a penny from 12 cents per share.

Vermilion says its capital budget includes drilling and infrastructure across its business.

The plan will see ongoing drilling and debottlenecking in the B.C. Montney region and European gas exploration and development in Germany, the Netherlands, and central and eastern Europe.

Production for 2025 is expected between 84,000 and 88,000 barrels of oil equivalent per day.

The outlook represents an increase of two per cent based on the midpoint compared with its original production guidance for 2024.

This report by The Canadian Press was first published Dec. 19, 2024.

Companies in this story: (TSX:VET)

The Canadian Press

Related Articles

FILE PHOTO: New vehicles are seen at a parking lot in the Port of Richmond, at the bay of San Francisco, California June 8, 2023. REUTERS/Carlos Barria/File Photo
AutomotiveElectric Vehicles (EVs)Transport

US new vehicle sales set to rise 7.3% in December, report says

25% of new car buyers are considering an EV for their next...

FILE PHOTO: Smoke is seen coming out of a chimney at the Tata steel plant in Ijmuiden, Netherlands April 3, 2019. Picture taken April 3, 2019.  REUTERS/Yves Herman/File Photo
BusinessEmissionsEnvironmentIndustryInfrastructureRegulations

Tata Steel’s Dutch plant gets year to clean up coke oven

Dutch regulators on Thursday threatened to close down one of Tata Steel's...

Login into your Account

Please login to like, dislike or bookmark this article.