Divestitures, Conference Call Schedules, Operational Updates, Board Expansions, and Proposals - Analyst Notes on Chevron Corporation, Anadarko, Eastman, Nabors Industries and Noble Energy
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NEW YORK, June 18, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Chevron Corporation (NYSE: CVX), Anadarko Petroleum Corporation (NYSE: APC), Eastman Chemical Co. (NYSE: EMN), Nabors Industries Ltd. (NYSE: NBR) and Noble Energy, Inc. (NYSE: NBL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3817-100free.
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Chevron Corporation Analyst Notes
On June 13, 2014, Chevron Corporation announced that its subsidiary, Chevron Global Energy Inc., has closed the sale of its 25% non-operated interest in a southern Chad-based producing oil concession and the related export pipeline interests to the Republic of Chad for c.$1.3 billion. According to the Company, the transaction includes the sale of Chevron subsidiary's interests in seven fields in Chad's Doba Basin, which produced on an average about an 18,000 barrel-average net daily crude oil 2013. The Company stated that the sale also includes the subsidiary's approximate 21% non-operated interest in a pipeline system that transports crude oil to the coast of Cameroon and associated marine facilities. "This sale demonstrates our focus on strategically managing our portfolio to maximize the value of our global upstream businesses," said George Kirkland, Vice Chairman of Chevron Corporation. The full analyst notes on Chevron Corporation are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/CVX/report.pdf
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Anadarko Petroleum Corporation Analyst Notes
On June 13, 2014, Anadarko Petroleum Corporation (Anadarko) announced that it will be conducting a conference call on Wednesday, July 30, 2014, at 8 a.m. CDT (9 a.m. EDT) to discuss its Q2 2014 financial and operating results. The Company informed that it will release its Q2 2014 earnings following market close on July 29, 2014 and the same will be available on Anadarko's website. Anadarko stated that the live audio webcast and related presentation materials will also be available on the website. Additionally a replay of the conference call will also be available on the website for nearly 30 days. The full analyst notes on Anadarko are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/APC/report.pdf
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Eastman Chemical Co. Analyst Notes
On June 13, 2014, Eastman Chemical Co. (Eastman) announced that its Kingsport, Tennessee site operations have been substantially restored after an unplanned shutdown on June 4, 2014. The Company informed that it has made a substantial progress in bringing the plant back online safely and orderly without material financial impact. Eastman stated that due to shutdown it projects negative impact on earnings to be between $0.05 and $0.10 per share, and continues to expect full-year 2014 earnings per share to be within $6.70 and $7.00 - excluding non-core and non-recurring items.Eastman's CEO Mark Costa said, "I am very proud of the Eastman team for their quick and professional response to this unfortunate shutdown. As a result of their efforts, we experienced no serious injuries or impact to the environment." The full analyst notes on Eastman are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/EMN/report.pdf
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Nabors Industries Ltd. Analyst Notes
On June 4, 2014, Nabors Industries Ltd. (Nabors Industries) announced the expansion of its Board of Directors from seven to eight members. The Company informed that the Board has subsequently appointed Dag Skattum, who currently serves as Managing Director of a family-backed investment firm, one thousand & one voices, to fill this new vacancy. According to the Company, Mr. Skattum previously served as Partner of London-based TPG, from 2007 to 2013. The Company added that he also served as Managing Director and Co-head of Global Mergers and Acquisitions at JP Morgan, where he began his career in 1986. Tony Petrello, Nabors' Chairman and CEO, commented, "Dag's appointment to the Board reflects our ongoing commitment to adding qualified independent voices with diverse experience and backgrounds. His years of investment banking experience working with a variety of different industries and advising boards will provide valuable experience and insight." The full analyst notes on Nabors Industries are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/NBR/report.pdf
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Noble Energy, Inc. Analyst Notes
On June 12, 2014, Noble Energy, Inc. (Noble Energy) announced that together with CONSOL Energy Inc., (CONSOL) they have submitted a confidential draft Registration Statement on Form S-1 to the U.S. Securities and Exchange Commission in relation to a proposed initial public offering of common units of a master limited partnership (MLP). According to the Company, MLP will own, operate, and develop Noble Energy's and CONSOL's jointly-owned natural gas midstream assets in the Marcellus Shale upon completion of the proposed offering. The Company stated that CONE Gathering LLC, the 50/50 joint venture of both companies, is expected to own MLP's general partner, thus retaining MLP's incentive distribution rights and a majority of MLP's common units. The Company added that, the number of common units to be offered and the price range for the offering will be determined prior to the commencement of the offering which will happen following the U.S. Securities and Exchange Commission's review period. The full analyst notes on Noble Energy are available to download free of charge at:
http://www.analystsreview.com/Jun-18-2014/NBL/report.pdf
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