NEW YORK, June 16, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Exxon Mobil Corporation (NYSE: XOM), National Oilwell Varco, Inc. (NYSE: NOV), Marathon Petroleum Corporatio (NYSE: MPC), PPG Industries Inc. (NYSE: PPG) and Cobalt International Energy, Inc. (NYSE: CIE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3299-100free.
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Exxon Mobil Corporation Analyst Notes
On May 30, 2014, Exxon Mobil Corporation (Exxon Mobil) announced the election of Jack P. Williams and Darren W. Woods to the positions of Senior Vice President and members of the management committee of the corporation effective June 1, 2014. According to the Company, Mr. Williams who is currently the Executive Vice President of ExxonMobil Production Company will also become a Vice President of the Corporation. Exxon Mobil stated that Mr. Woods currently serves as the President of ExxonMobil Refining & Supply Company and as Vice President of the Corporation. The Company informed that Williams and Woods, together with Rex W. Tillerson, Chairman and CEO, and Senior Vice Presidents Mark W. Albers, Michael J. Dolan and Andrew P. Swiger, will constitute the corporation's management committee. The full analyst notes on Exxon Mobil are available to download free of charge at:
http://www.analystsreview.com/Jun-16-2014/XOM/report.pdf
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National Oilwell Varco, Inc. Analyst Notes
On May 30, 2014, National Oilwell Varco, Inc. (NOV) announced the completion of the spinoff to its stockholders of its distribution business as an independent public Company, NOW Inc. "This action demonstrates National Oilwell Varco's commitment to provide long-term value to our stockholders," said the Company's Chairman and CEO Clay C. Williams. "With its strong management team in place, NOW is well-positioned to be a successful independent company." In other announcement on the same day the Company stated that, Merrill A. "Pete" Miller, Jr. resigned as NOV's Executive Chairman to become the Executive Chairman of NOW Inc. and Clay C. Williams has been appointed as Chairman of the Company's Board of Directors with immediate effect. The full analyst notes on NOV are available to download free of charge at:
http://www.analystsreview.com/Jun-16-2014/NOV/report.pdf
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Marathon Petroleum Corporatio Analyst Notes
On May 30, 2014, Marathon Petroleum Corporation (MPC) announced that its refinery in Garyville has been hit by a tornado on May 28, 2014, resulting in a damage to a cooling water system that serves part of the refinery which caused the No. 1 crude unit and other units to be taken off-line. The Company informed that the stated crude unit is expected to be operational by mid-June, 2014 based on the initial assessment of the damage and needed repairs. MPC projects less than a 5 % reduction to its prior throughput guidance for this quarter. "The exceptional response of Garyville's employees and contractors, along with the support of the local and state emergency responders, is greatly appreciated," stated President and CEO Gary R. Heminger. "The workforce is to be commended for their outstanding efforts during the initial response phase." The full analyst notes on MPC are available to download free of charge at:
http://www.analystsreview.com/Jun-16-2014/MPC/report.pdf
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PPG Industries Inc. Analyst Notes
On May 28, 2014, PPG Industries Inc. (PPG) reported that its industrial coatings business has introduced TRENDCAST Styling Directions 2014, a complete portable tool kit that will help designers of appliances electronics, recreational equipment and other products identify colour trends to meet the customer taste for the next two years. The Company stated that the tool kit reflects the latest trends in colours, effects, and tactile sensations for coated surfaces based on a consensus of 35 PPG global colour experts from the Americas, Europe, and Asia. According to PPG, experts created a texture and 38-colour palette, and to do so they have analysed design trends and consumer preferences across geographic and product markets that affect colour choice. The Company added that the palette themes are Theorem, New Spirit, Mosaic, and Hi-Breed. In addition, the tool kit also includes a variety of tactile objects and effects, as well as Web-based palettes. The full analyst notes on PPG are available to download free of charge at:
http://www.analystsreview.com/Jun-16-2014/PPG/report.pdf
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Cobalt International Energy, Inc. Analyst Notes
On May 13, 2014, Cobalt International Energy, Inc. (Cobalt) reported the closing of its previously announced registered underwritten public offering of $1.3 billion aggregate principal amount of its 3.125% convertible senior notes due 2024 (Notes). Cobalt said that the offer includes the exercise in full by the underwriters of their over-allotment option to purchase an additional $150 million aggregate principal amount of the Notes. The Company said that it intends to use the aggregate net proceeds of approximately $1.27 billion from the sale of the Notes to fund its capital expenditures and for general corporate purposes. Goldman, Sachs & Co. and RBC Capital Markets, LLC acted as joint book-running managers of the offering. The full analyst notes on Cobalt are available to download free of charge at:
http://www.analystsreview.com/Jun-16-2014/CIE/report.pdf
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