NEW YORK, March 10, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Exxon Mobil Corporation (NYSE: XOM), Chevron Corporation (NYSE: CVX), BP plc (NYSE: BP), Encana Corporation (NYSE: ECA), and Murphy Oil Corporation (NYSE: MUR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Exxon Mobil Corporation Analyst Notes
On March 5, 2014, Exxon Mobil Corporation's (ExxonMobil) Chairman and CEO Rex W. Tillerson announced that the Company expects to start production at 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth. "We are adding new volumes that improve our profitability mix with higher liquids and liquids linked natural gas volumes. We're also driving increased unit profitability through better fiscal terms and reducing low-margin barrel production," said Tillerson. The Company also stated that it expects capital spending for 2014 to decline to $39.8 billion, from $42.5 billion in 2013. Also, from 2015 to 2017, the Company projects capital expenditures to average less than $37.0 million, excluding potential acquisitions. The full analyst notes on Exxon Mobil Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03102014/XOM/report.pdf
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Chevron Corporation Analyst Notes
On March 4, 2014, Chevron Corporation (Chevron) announced that the US District Court for the Southern District of New York has ruled that the $9.5 billion judgment against the Company in Ecuador was a product of fraud and racketeering activity, therefore finding it unenforceable. Providing more details, Chevron stated that the ruling found Steven Donziger, the lead American lawyer behind the Ecuadorian lawsuit, guilty of violating the federal Racketeer Influenced and Corrupt Organizations Act (RICO) in obtaining the Ecuadorian judgment and in trying to cover up his and his associates' crimes. Chevron noted that the ruling prohibits Donziger and his associates from seeking enforcement of the Ecuadorian judgment in the US and further prohibits them from profiting from their illegal acts. The full analyst notes on Chevron Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03102014/CVX/report.pdf
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BP plc Analyst Notes
On March 4, 2014, BP plc (BP) announced that it intends to establish a separate business to manage its onshore oil and gas assets in the US Lower 48. In response to the unique characteristics of the US Lower 48 onshore and gas business environment, the Company's new business will operate separately from the rest of BP, and is designed to adapt to the rapidly changing and hyper-competitive energy landscape in the region. The Company expects the decision to help unlock the significant value associated with its extensive resource position in the US Lower 48 onshore. "Participating in the US Lower 48 onshore is key to our upstream strategy because we believe the region will remain at the forefront of innovation and drive global learning in unconventional resources," said Lamar McKay, Upstream Chief Executive at BP. The full analyst notes on BP plc are available to download free of charge at:
http://www.AnalystsReview.com/03102014/BP/report.pdf
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Encana Corporation Analyst Notes
On February 28, 2014, Encana Corporation (Encana) announced that its subsidiary, Encana Acquisition ULC (Encana Acquisition), has commenced a cash tender offer for any and all of the outstanding $1.0 billion 5.80% Notes due May 1, 2014 issued by Encana Holdings Finance Corp. (Encana Holdings Finance). The Company informed that the tender offer will expire on March 28, 2014 at 10:00 a.m., New York City time, unless extended by the Purchaser. The full analyst notes on Encana Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03102014/ECA/report.pdf
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Murphy Oil Corporation Analyst Notes
On March 3, 2014, Murphy Oil Corporation (Murphy Oil) announced that first oil production from the Siakap North-Petai (SNP) development offshore Malaysia begun on February 27, 2014. The Company informed that initial operations started with production from four oil wells, and that the peak gross production from the field is expected to reach 35,000 barrels of oil per day in mid-2014. "We are pleased to achieve first oil at the Siakap North-Petai development. This field, along with our other oil developments offshore Malaysia and Dalmatian in the Gulf of Mexico, are all key components of our 2014 production growth profile," said Roger Jenkins, President and CEO of Murphy Oil. The full analyst notes on Murphy Oil Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03102014/MUR/report.pdf
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