Quarterly Earnings Release, Settlement Agreement, Endowment Program, Upcoming Event, and Recognition - Analyst Notes on Gulfport, Chevron, ConocoPhillips, Schlumberger and Halliburton
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Gulfport Energy Corporation (NASDAQ: GPOR), Chevron Corporation (NYSE: CVX), ConocoPhillips (NYSE: COP), Schlumberger Limited (NYSE: SLB) 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/2373-100free.
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Gulfport Energy Corporation Analyst Notes
On May 7, 2014, Gulfport Energy Corporation (Gulfport) released its Q1 2014 earnings results. The Company reported Q1 2014 revenues of $118.0 million, compared to $55.0 million in Q1 2013. During the quarter, the Company's production volume from oil was 726.7 MBbls, natural gas was 7,661.8 MMcf, NGL was 18,234.8 MGal, and oil equivalents was 2,437.9 MBOE. The Company's Q1 2014 net income came in at $82.6 million, or $0.96 per diluted share, compared to net income of $44.6 million or $0.61 per diluted share in Q1 2013. For full-year 2014, the Company expects average daily production to be in the range of 37,000 BOEPD to 42,000 BOEPD. The full analyst notes on Gulfport are available to download free of charge at:
http://www.analystsreview.com/2373-GPOR-13May2014.pdf
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Chevron Corporation Analyst Notes
On May 7, 2014, Chevron Corporation (Chevron) announced that the Company has entered into a settlement agreement with the Patton Boggs LLP, a lobbying and law firm headquartered in Washington, D.C. The Company informed that it has filed counterclaims in federal court against Patton Boggs for its role in a lawsuit against the company in Ecuador. Further, Patton Boggs has resolved all those claims by way of withdrawing from the fraudulent Ecuador litigation, issuing a statement of regret, assigning its interests in the litigation to Chevron, and making a payment to Chevron of $15 million. In return, the Company has agreed to release all claims against Patton Boggs and its partners. Hewitt Pate, Chevron's Vice President and General Counsel, said, "We are pleased that Patton Boggs is ending its association with the fraudulent and extortionate Ecuador litigation scheme. Chevron encourages others to disassociate themselves from this fraud." The full analyst notes on Chevron are available to download free of charge at:
http://www.analystsreview.com/2373-CVX-13May2014.pdf
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ConocoPhillips Analyst Notes
On May 5, 2014, ConocoPhillips' (ConocoPhillips) reported that the Faculty and students at the University of Alaska Anchorage (UAA) will get early access to the ConocoPhillips Arctic Science and Engineering Endowment (created to supports science and engineering programs at UAA) through a one-year-early payoff of the $15 million pledge made by the Company's subsidiary ConocoPhillips Alaska, Inc. in 2008. The Company informed that the distributions were originally scheduled in to begin in 2016. ConocoPhillips added that the endowment will provide more than $138,000 to researchers in current fiscal year end, increasing substantially over the next few years. Trond-Erik Johansen, President of ConocoPhillips Alaska, said, "We are very pleased to have expedited our funding so UAA can begin to reap the benefits of the endowment sooner than expected." The full analyst notes on ConocoPhillips are available to download free of charge at:
http://www.analystsreview.com/2373-COP-13May2014.pdf
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Schlumberger Limited Analyst Notes
Schlumberger Limited (Schlumberger) posted on the events section of its website that the Company will participate at the upcoming UBS Global Oil and Gas Conference. The Company informed that the conference will be held on May 19, 2014 in Austin, Texas. The full analyst notes on Schlumberger are available to download free of charge at:
http://www.analystsreview.com/2373-SLB-13May2014.pdf
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Halliburton Company Analyst Notes
On May 6, 2014, Halliburton Company (Halliburton) announced that the Company has been recognized by the American Petroleum Institute (API) for its strong support and contributions to the development of API Specification Q2, the advanced industry certification standard for oil and natural gas service providers. The Company informed that API Spec Q2 is a risk-based quality management system that provides certification to the oil and gas equipment manufacturers for safety, consistency and interchangeability of their products. Further, the API Spec Q2 primarily focuses on defect prevention, waste reduction and reliability of services. Jeff Miller, Halliburton's Executive Vice President and Chief Operating Officer, said, "Halliburton is proud to be a partner with API in the development of the Q2 standard. The adoption of this standard will positively impact process safety within our industry." The full analyst notes on Halliburton are available to download free of charge at:
http://www.analystsreview.com/2373-HAL-13May2014.pdf
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