Interim Changes, Quarterly Results, Technical Update, and Investments - Research Reports on Petroleo Brasileiro, Hess, BP, Devon Energy and Alcoa

NEW YORK, November 6, 2014 /PRNewswire/ --

Today, Analysts Review released its research reports regarding Petroleo Brasileiro Petrobras SA (NYSE: PBR), Hess Corporation (NYSE: HES), BP p.l.c. (NYSE: BP), Devon Energy Corporation (NYSE: DVN) and Alcoa Inc. (NYSE: AA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7758-100free.

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Petroleo Brasileiro Petrobras SA Research Reports
On November 3, 2014, Petroleo Brasileiro Petrobras SA (Petroleo Brasileiro) announced that the board of directors of Transpetro, a subsidiary of Petroleo Brasileiro, has approved the request of its CEO José Sergio de Oliveira Machado for a 31 day non-paid leave. During this period, the Company will replace him with the Executive Director Claudio Ribeiro Teixeira Campos. The full research reports on Petroleo Brasileiro are available to download free of charge at:

http://www.analystsreview.com/Nov-06-2014/PBR/report.pdf

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Hess Corporation Research Reports
On October 29, 2014, Hess Corporation (Hess) reported financial results for Q3 2014. The total revenues and non-operating income for the quarter was $2.8 billion, up 3.2% YoY and net income was $1.0 billion, compared to $420 million in Q3 2013. The Company reported adjusted EPS of $1.24 per share, higher than the Zacks consensus estimate of $1.07, while adjusted net income came in at $377.0 million, down 6.9% YoY due to lower realized crude oil selling prices and higher depreciation expense in the quarter. Oil and gas production was 318,000 boepd for Q3 2014, up 3% YoY. Exploration and Production activities resulted in net income of $441 million, down 3.1% YoY and the Downstream Businesses reported income of $647 million as compared to $53 million in Q3 2013. The full research reports on Hess are available to download free of charge at:

http://www.analystsreview.com/Nov-06-2014/HES/report.pdf

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BP p.l.c. Research Reports
On October 28, 2014, BP p.l.c. (BP) reported its earnings for Q3 2014. The Company's underlying replacement cost profit was reported as $3.0 billion, down 18% YoY due to reduced contribution from Rosneft segment in addition to lower oil prices which were partially offset by the recovery in downstream environment. At a segment level, underlying replacement cost profit before interest
and tax (RCPBIT) for Upstream segment was reported as $3.9 billion, compared to $4.4 billion in Q3 213 due to lower oil realizations which was partly offset by increased production in higher-margin areas, and higher gas realisations. The Downstream segment reported RCPBIT of $1.5 billion, compared with $720 million a year ago primarily driven by a strong refining environment, robust supply and trading and higher contributions from the Company's fuel business. BP reported underlying net income from Rosneft segment of $110 million for the period compared with $808 million in Q3 2013. The full research reports on BP are available to download free of charge at:

http://www.analystsreview.com/Nov-06-2014/BP/report.pdf

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Devon Energy Corporation Research Reports
On November 3, 2014, Devon Energy Corporation's (Devon Energy) shares ended the day's trading session at $58.54, down 2.43% from its previous day's closing price of $60.00. The NYSE traded shares of Devon Energy, U.S. based independent natural gas and oil producer, underperformed the S&P 500 Energy (Sector), which ended the session 1.74% lower at 630.16. During the day, the stock opened at $60.21 and oscillated between $58.38 and $61.10 with a total of 4.69 million shares changing hands. The stock closed below its 50-day and 200-day moving averages of $66.06 and $68.91, respectively. The 14 day Relative Strength Index of the Stock was 41.15. The full research reports on Devon Energy are available to download free of charge at:

http://www.analystsreview.com/Nov-06-2014/DVN/report.pdf

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Alcoa Inc. Research Reports
On November 3, 2014, Alcoa Inc. (Alcoa) announced investment of $190 million at its Davenport Works, Iowa facility to expand its product offerings in the aerospace and industrial markets. As per the Company, the investment at the facility includes the installation of a new very thick plate stretcher which would enable the Company to manufacture the largest high-strength monolithic wing ribs in the industry. Mark Vrablec, President of Alcoa Aerospace Transportation & Industrial Products said, "This project is a key driver for our continued growth in the aerospace plate market. New airplane designs features thicker aluminum wing ribs- especially important to reinforce composite wings - and these enhancements will be possible with Alcoa thick plate products." Alcoa informed that construction on the project will commence in 2015 and the first customer production is expected to begin in 2017. The full research reports on Alcoa are available to download free of charge at:

http://www.analystsreview.com/Nov-06-2014/AA/report.pdf

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EDITOR'S NOTES:
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1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

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