Declared Dividends, Financial Results, and Update on Mining Project - Research Report on Exxon Mobil, Chevron, Murphy Oil, Encana, and Total
NEW YORK, November 4, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Exxon Mobil Corporation (NYSE: XOM), Chevron Corporation (NYSE: CVX), Murphy Oil Corporation (NYSE: MUR), Encana Corporation (NYSE: ECA), and Total SA (NYSE: TOT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Exxon Mobil Corporation Research Report
On October 30, 2013, Exxon Mobil Corporation (ExxonMobil) reported that its Board of Directors has announced a cash dividend of $0.63 per share on the Common Stock. According to the Company, shareholders of record of Common Stock at the close of business on November 12, 2013 can collect dividends on December 10, 2013. The Full Research Report on Exxon Mobil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/36c4_XOM]
Chevron Corporation Research Report
On October 30, 2013, Chevron Corporation (Chevron) reported that its Board of Directors has declared a quarterly dividend of $1.00 per share. The Company informed that holders of common stock as on the transfer records of the Corporation at the close of business on November 18, 2013 can collect dividends on December 10, 2013. The Full Research Report on Chevron Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/d042_CVX]
Murphy Oil Corporation Research Report
On October 30, 2013, Murphy Oil Corporation (Murphy Oil) reported its preliminary Q3 2013 financial results and exploratory drilling results. The Company's net income was $284.8 million or $1.51 per diluted share in Q3 2013, versus $226.7 million or $1.16 per diluted share in Q3 2012. Meanwhile, the Company reported total revenues of $2.95 billion, up 11.8% YoY during the quarter. According to the Company, it produced 207,281 barrels of oil equivalent per day total net hydrocarbons worldwide during Q3 2013, up 14.2% YoY.
Roger Jenkins, President and CEO of Murphy Oil, said, "We have been pleased with production levels that have exceeded our targets, with Eagle Ford Shale oil volumes leading the way. We continue to test the upside in the Eagle Ford Shale with downspacing pilots and longer horizontal laterals in the wells. The completion of the U.S. downstream separation in August was a significant transition step toward converting the Company to a fully focused independent E&P organization. We continue to progress the sale of our U.K. downstream assets." The Full Research Report on Murphy Oil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/ff2d_MUR]
Encana Corporation Research Report
On October 23, 2013, Encana Corporation (Encana) reported its financial results for Q3 2013 and 9M 2013. The Company posted Q3 2013 net earnings of $188 million or $0.25 per diluted share, compared to net loss of $1,244 million or 1.69 per diluted share in Q3 2012. Encana's revenues, (net of royalties) were $1,392 million, up 35.8% YoY during the quarter. During 9M 2013, Encana posted net earnings of $487 million or $0.66 per diluted share, compared to net loss of $2,714 million or $3.69 per diluted share in Q3 2012. Doug Suttles, Encana's President and CEO, commented, "The effort our staff has made in reducing costs has contributed to improved cash flow. Our disciplined capital focus through the year along with our stronger cash balance, positions us well as we prepare to make changes to align the business with our future strategic direction. In addition, we are on track to hit our year-end exit rate liquids production target of 70,000 bbls/d to 75,000 bbls/d." The Full Research Report on Encana Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/01ac_ECA]
Total SA Research Report
On October 31, 2013, Total SA (Total) reported that it has finalized its decision to develop the Fort Hills oil sands mining project in Alberta, Canada, located some 90 kilometres north of Fort McMurray, with an estimated development cost of c.CAD13.5 billion, over the next 4 years. The Company informed that it expects development at Fort Hills to start by end-2017 and to gradually reach the plateau of 180,000 b/d. Yves-Louis Darricarrère, President Upstream at Total, commented, "The Fort Hills sanction is an important milestone that reinforces Total's strategy to become a significant producer in Canada. With an expected mine life in excess of 50 years based on current planned production rates, Fort Hills represents more than 3 billion barrels of resources, and strengthens Total's global portfolio by adding geographic diversity and long-plateau production with limited geosciences risk. Fort Hills will be developed in a socially and environmentally responsible manner and will integrate recent lessons learned in oil sands mine development. We are confident that this project will bring substantial benefit to Canada, the province of Alberta, and local communities for decades to come." The Full Research Report on Total SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/5801_TOT]
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