Export Application, Financial Results Releases, and Commencement of Production - Research Reports on ExxonMobil, Anadarko, Chevron, Valero and Halliburton
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NEW YORK, August 4, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Exxon Mobil Corporation (NYSE: XOM), Anadarko Petroleum Corporation (NYSE: APC), Chevron Corporation (NYSE: CVX), Valero Energy Corporation (NYSE: VLO) and Halliburton Company (NYSE: HAL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5352-100free.
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Exxon Mobil Corporation Research Reports
On July 28, 2014, Exxon Mobil Corporation (ExxonMobil) announced that the Company has filed an application with the U.S. Department of Energy to export 20 million metric tons of liquefied natural gas (LNG) from its Alaska LNG project to countries that have existing free trade agreements with the U.S., as well as to non-free trade agreement countries for a period of 30 years. Further, the proposed project facilities at the plant includes a liquefaction plant and terminal in the Nikiski area on the Kenai Peninsula; an 800-mile, 42-inch pipeline; up to eight compression stations; at least five take-off points for in-state gas delivery; and a gas treatment plant located on the North Slope. Steve Butt, Senior Project Manager, ExxonMobil, said, "Filing of an export application is a critical step in commercializing North Slope natural gas." The full research reports on ExxonMobil are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/XOM/report.pdf
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Anadarko Petroleum Corporation Research Reports
On July 29, 2014, Anadarko Petroleum Corporation (Anadarko) reported a sharp fall in Q2 2014 earnings and a loss for the period H1 2014 on hedging impacts that masked stronger sales. The Company reported Q2 2014 total revenue of $4.4 billion, up 26.9% YoY. Q2 2014 net income attributable to common stockholders came in at $227 million or $0.45 per diluted share, compared to net income of $929 million or $1.83 per diluted share in Q2 2013. Q2 2014 earnings, adjusted for non-recurring costs, were $1.32 per share. Analysts polled by Thomson Reuters expected the Company to post EPS of $1.30 and revenue of $4.14 billion. H1 2014 total revenue improved 39.1% YoY to $10.3 billion. Net loss attributable to common stockholders came in at $2.4 billion or $4.84 diluted loss per share, compared to a net income of $1.4 billion or $2.74 per diluted share in H1 2013. The full research reports on Anadarko are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/APC/report.pdf
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Chevron Corporation Research Reports
On July 21, 2014, Chevron Corporation (Chevron) announced that the Company's subsidiary Chevron U.S.A. Inc. (Chevron U.S.A.) has started the commercial production of premium base oils from a newly constructed manufacturing facility at the Pascagoula refinery. Chevron informed that the new facility has the capacity to produce 25,000 barrels per day. Further, the base oils produced at Pascagoula will add to capacity from the Company's refinery in Richmond, California and a joint venture facility in Yeosu, Korea, approximately doubling Chevron's production capacity. The base oils produced by the refinery will cater demand in U.S. East, Europe and Latin America, with Richmond continuing to supply the U.S. West, and both Richmond and Yeosu supplying Asia. Mike Wirth, Executive Vice President, Chevron Downstream & Chemicals, said, "The addition of the Pascagoula plant to Chevron's base oil network enhances Chevron's reputation as a reliable and flexible base oil supplier globally." The full research reports on Chevron are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/CVX/report.pdf
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Valero Energy Corporation Research Reports
On July 30, 2014, Valero Energy Corporation's (Valero) reported Q2 2014 earnings, which topped analysts' estimates. Valero reported net income from continuing operations attributable to Valero stockholders of $651 million, or $1.22 per share, beating Zacks Consensus Estimate of $1.19 per share. Valero attributed the increase to higher refining throughput volumes and wider discounts relative to Brent crude oil for sour and certain North American light crude oils. Revenue for Q2 2014 increased 2.6% YoY to $34.9 billion. The Company also declared a quarterly dividend of 27.5 cents a share payable on September 17, 2014 to all shareholders of record as of the close of business on August 20, 2014. The ex-dividend date is August 18, 2014. The full research reports on Valero are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/VLO/report.pdf
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Halliburton Company Research Reports
On July 21, 2014, Halliburton Company (Halliburton) posted 21.3% YoY growth in Q2 2014 total operating income to $1.2 billion resulting from significant activity improvements in North America and the Eastern Hemisphere. Halliburton reported Q2 2014 total revenue of $8.1 billion, up 10.0% YoY. Net income attributable to the Company came in at $774 million or $0.91 per diluted share, compared to net income of $644 million or $0.69 per diluted share in Q2 2013. On average, 32 analysts polled by Thomson Reuters expected the Company to report EPS of $0.91 for Q2 2014. The Company also declared a dividend of $0.15 per share on the common stock payable on September 24, 2014 to shareholders of record at the close of business on September 3, 2014. Halliburton's Board of Directors also increased its common stock purchase authorization by $4.8 billion to $6.0 billion. The full research reports on Halliburton are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/HAL/report.pdf
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