Joint Ventures, Leadership Appointments, Clean-Up Operations, and M&As Indicate More Oil & Gas Opportunities - Research Report on Exxon Mobil, Chevron, BP, Enterprise Products, and Linn Energy
NEW YORK, June 18, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Exxon Mobil Corporation (NYSE: XOM), Chevron Corporation (NYSE: CVX), BP plc (NYSE: BP), Enterprise Products Partners L.P. (NYSE: EPD), and Linn Energy, LLC (NASDAQ: LINE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
ExxonMobil Corporation Research Report
On June 11, 2013, ExxonMobil Corporation (ExxonMobil) announced that it has signed an over-arching technology sharing agreement to support the companies' joint ventures worldwide and also signed final agreements establishing a joint Arctic Research Center (ARC) in Russia. The ARC is expected to provide a full range of R&D and technical services for the companies as they pursue their Kara Sea programs. "Projects in the framework of our strategic partnership with ExxonMobil pose a number of challenges. The ARC will be a platform for development of the most up-to-date and efficient technologies aimed at project implementation in complex and challenging climate and technological conditions. Environmental safety is our priority, and we believe the technologies developed in the ARC will enable us to implement our joint projects in the safest and most efficient way to the benefit of all participants of Arctic exploration," said Igor Sechin, President and Chairman of the Management Board at Rosneft. The Full Research Report on ExxonMobil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/3cc2_XOM]
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Chevron Corporation Research Report
On June 5, 2013, Chevron Corporation (Chevron) announced that Jeff Shellebarger will succeed Gary Luquette as President of Chevron North America Exploration and Production Company, effective August 1, 2013. John Watson, Chevron's Chairman and CEO, commented, "Jeff's appointment to this leadership role demonstrates the bench strength of our management team." Watson added, "We are placing an experienced and proven executive in a key position as we continue to pursue our growth objectives." Shellebarger is currently the Managing Director of Chevron's IndoAsia Business Unit. 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.WSReports.com/r/full_research_report/de43_CVX]
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BP plc Research Report
On June 10, 2013, BP plc (BP) announced that the US Coast Guard is ending its active cleanup operations in Mississippi, Alabama, and Florida. The Company also informed that the three states are expected to complete the transition back to the National Response Center (NRC) reporting system by mid-June 2013. BP has allotted more than $14 billion and 70 million personnel hours for response and clean-up activities. Laura Folse, BP's Executive Vice President for Response and Environmental Restoration, said, "The transition is a significant milestone toward fulfilling our commitment to clean the Gulf shoreline and ensuring that the region's residents and visitors can fully enjoy this majestic environment." Folse continued, "Even as the Coast Guard has made the decision to move these states to the National Response Center reporting system, should residual Macondo oil appear on the shoreline, BP remains committed and prepared to address it under the direction of the Coast Guard." The Full Research Report on BP plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/ff46_BP]
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Enterprise Products Partners L.P. Research Report
On June 12, 2013, Enterprise Products Partners L.P. (Enterprise Products) announced that it has entered into a joint venture with Western Gas Partners, to own natural gas liquid (NGL) fractionation trains 7 and 8, which are currently under construction at the Company's Mont Belvieu, Texas complex. Enterprise Products has a 75% stake in the joint venture, while Western Gas Partners holds a 25% minority ownership interest in the project. Michael A. Creel, CEO of Enterprise Products' General Partner, stated, "This is the third midstream energy infrastructure project in which we have partnered with Anadarko Petroleum Corporation and its affiliates. Anadarko is a strategic partner that has made significant volume dedications to our facilities, including NGLs to our fractionation complex at Mont Belvieu." The Full Research Report on Enterprise Products Partners L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/7359_EPD]
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Linn Energy, LLC Research Report
On May 31, 2013, Linn Energy, LLC (Linn Energy) provided an update regarding its ongoing merger transaction with Berry Petroleum. Linn Energy reported that the Registration Statement on Form S-4 is still under review by the US Securities and Exchange Commission (SEC). Linn Energy and Berry Petroleum are expecting the shareholder and unitholder meetings to happen during Q3 2013, with closing to follow shortly thereafter. The Full Research Report on Linn Energy, LLC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/c287_LINE]
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SOURCE Wall Street Reports
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