Quarterly Earnings Releases and Product Advancement Updates - Analyst Notes on Occidental, Monsanto, EOG, Anadarko and Marathon
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NEW YORK, May 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Occidental Petroleum Corporation (NYSE: OXY), Monsanto Company (NYSE: MON), EOG Resources Inc. (NYSE: EOG), Anadarko Petroleum Corporation (NYSE: APC) and Marathon Petroleum Corp. (NYSE: MPC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2189-100free.
Occidental Petroleum Corporation Analyst Notes
On May 5, 2014, Occidental Petroleum Corporation (Occidental) released its Q1 2014 earnings results. The Company reported quarterly net sales of $6.1 billion, up 3.7% YoY. Helped by the higher prices of oil, NGL and gas in U.S., the Company stated that its net income during Q1 2014 increased to $1.39 billion, or $1.75 per diluted share, from $1.36 billion, or $1.68 per diluted share, in Q1 2013. On average, analysts polled by Reuters estimated the Company to report profit of $1.70 per share and revenue of $5.9 billion. For Q1 2014, daily oil and gas production volumes averaged 745,000 BOE, down from 763,000 BOE in Q1 2013, mainly due to reduced gas drilling in U.S. The full analyst notes on Occidental are available to download free of charge at:
http://www.analystsreview.com/2189-OXY-08May2014.pdf
Monsanto Company Analyst Notes
On May 1, 2014, Monsanto Company (Monsanto) announced that its insect forecasting tool at 'insectforecast.com,' which helps farmers to protect their crop from pests, is now equipped with capability to monitor soybean aphids, a pest that can significantly damage a crop and reduce yield if not dealt with effectively. With the addition of this new feature, the insect forecasting tool helps soybean farmers in managing the pests in their fields. In addition, the tool helps both corn and soybean farmers in understanding the current pest pressures and make more accurate predictions for the following year. "Now insectforecast.com is the single-stop source for finding out about the latest migration patterns and research for soybean aphids along with other key pests," says Tony White, Soybean Product Development Manager for Genuity, a Monsanto's brand. The full analyst notes on Monsanto are available to download free of charge at:
http://www.analystsreview.com/2189-MON-08May2014.pdf
EOG Resources Inc. Analyst Notes
On May 5, 2014, the shares of EOG Resources Inc. (EOG) moved up 2.26% to end the trading session at $99.25 as the Company posted its Q1 2014 earnings results. The Company reported a 21.7% YoY rise in Q1 2014 net operating revenues to $4.1 billion. The Company's Q1 2014 net income stood at $660.9 million, or $1.21 per diluted share, compared to net income of $494.7 million, or $0.91 per diluted share, in Q1 2013. The adjusted diluted EPS in the quarter increased to $1.40 from $0.90 in Q1 2013, beating the Reuters' average analysts estimate of $1.20. During Q1 2014, overall total Company production increased 18%, led by a 37% increase in total Company liquids production - crude oil, condensate and natural gas liquids (NGLs). The Company has raised its full-year 2014 crude oil and condensate production growth target to 29% from 27%. The full analyst notes on EOG are available to download free of charge at:
http://www.analystsreview.com/2189-EOG-08May2014.pdf
Anadarko Petroleum Corporation Analyst Notes
On May 5, 2014, Anadarko Petroleum Corporation (Anadarko) released its Q1 2014 earnings results. The Company reported Q1 2014 total revenue of $5.8 billion, up 50.1% YoY. During the quarter, the Company announced a $1.1 billion China divestiture and closed both the $2.64 billion sale of a portion of its interest in Mozambique's Offshore Area 1 and the $581 million Pinedale/Jonah divestiture. During the quarter, the Company also reported contingent loss of $4.3 billion related to Tronox Adversary Proceeding. The Company's Q1 2014 net loss attributable to common stockholders came in at $2.7 billion, or $5.30 diluted loss per share, compared to net income of $460 million, or $0.91 per diluted share, in Q1 2013. The full analyst notes on Anadarko are available to download free of charge at:
http://www.analystsreview.com/2189-APC-08May2014.pdf
Marathon Petroleum Corp. Analyst Notes
On May 1, 2014, Marathon Petroleum Corp. (Marathon) released its Q1 2014 earnings results. The Company reported that Q1 2014 total revenues and other income remained unchanged at $23.3 billion. The Company's Q1 2014 operating income declined 68.8% YoY to $361 million. Quarterly net income attributable to Marathon stood at $199 million, or $0.67 per diluted share, compared to net income of $725 million, or $2.17 per diluted share, in Q1 2013. During the quarter, the Company's cash & cash equivalents declined 5.5% YoY to $2.2 billion. Marathon stated that a number of factors reduced its earnings during the quarter, of which most notable were narrower crude differentials and higher turnaround costs that were partially offset by stronger crack spreads and more favorable net product price realizations. The full analyst notes on Marathon are available to download free of charge at:
http://www.analystsreview.com/2189-MPC-08May2014.pdf
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