Reported and Upcoming Financial Results, Dividends, and Recognitions - Analyst Notes on Anadarko Petroleum, Schlumberger, Valero Energy, Marathon Petroleum and Hess
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NEW YORK, May 9, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Anadarko Petroleum Corporation (NYSE: APC), Schlumberger Limited (NYSE: SLB), Valero Energy Corporation (NYSE: VLO), Marathon Petroleum Corporation (NYSE: MPC) and Hess Corporation (NYSE: HES). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2247-100free.
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Anadarko Petroleum Corporation Analyst Notes
On May 5, 2014, Anadarko Petroleum Corporation (Anadarko Petroleum) reported its Q1 2014 financial and operating results. Revenues were $5.8 billion, up 50.1% YoY. Net loss stood at $2.7 billion, $5.30 per diluted share, compared with net income of $460 million, or $0.91 per diluted share, in Q1 2013. According to the Company, net loss includes certain items (which are excluded by the investment community in published estimates) which decreased net income by $3.3 billion. Anadarko Petroleum stated that these items include a contingent loss of $4.02 billion associated with the Tronox Adversary Proceeding settlement agreement and a $946 million gain associated with the sale of a portion of Anadarko's interest in Offshore Area 1 in Mozambique. The Company registered record daily sales volumes of 819,000 barrels of oil equivalent (BOE) per day, resulting to same-store-sales increase of 69,000 BOE per day, up 12% YoY from the U.S. onshore. The full analyst notes on Anadarko Petroleum are available to download free of charge at:
http://www.analystsreview.com/2247-APC-09May2014.pdf
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Schlumberger Limited Analyst Notes
On April 25, 2014, Schlumberger Limited (Schlumberger) announced that it will hold a conference call to discuss its Q2 2014 financial results on July 18, 2014 at 7:00 a.m. CT (8:00 a.m. ET) or (2:00 p.m. Paris Time). The Company informed that it will report its Q2 2014 financial results through a press release on July 17, 2014 after the market closes. Schlumberger stated that the live listen only webcast of the call, as well as its replay until August 18, 2014, will be made available on the Company's Investor Relations site. The full analyst notes on Schlumberger are available to download free of charge at:
http://www.analystsreview.com/2247-SLB-09May2014.pdf
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Valero Energy Corporation Analyst Notes
On May 1, 2014, Valero Energy Corporation's (Valero Energy) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per share on the Company's common stock. According to the Company, the dividend is payable on June 18, 2014 to holders of record at the close of business on May 21, 2014. The full analyst notes on Valero Energy are available to download free of charge at:
http://www.analystsreview.com/2247-VLO-09May2014.pdf
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Marathon Petroleum Corporation Analyst Notes
On May 1, 2014, Marathon Petroleum Corporation (Marathon Petroleum) reported its Q1 2014 financial results. Revenues and other income remained flat at $23.3 billion, while net income attributable to the Company slipped to $199.0 million or $0.67 per diluted share, compared with $725.0 million or $2.17 per diluted share in Q1 2013. According to Gary R. Heminger, President and CEO, Marathon Petroleum, adverse weather conditions created a challenge to its integrated operations. He further informed that the major turnaround at two of its largest refineries, Galveston Bay and Garyville, incurred larger than normal turnaround expenses during the quarter. According to Heminger, the Company is well-positioned to continue its top-tier operational performance. "We are encouraged by the signs of improving market conditions and returning throughputs to full run rates which support our positive outlook for the business," Heminger added. The full analyst notes on Marathon Petroleum are available to download free of charge at:
http://www.analystsreview.com/2247-MPC-09May2014.pdf
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Hess Corporation Analyst Notes
On May 6, 2014, Hess Corporation (Hess) announced it has been recognized as the highest ranking energy company, by holding 17 rank on Corporate Responsibility magazine's prestigious list of 100 Best Corporate Citizens for 2014. According to Hess, the said honor is earned by companies showing strong performance in areas such as climate change, environment, philanthropy, human rights, finance, governance, and employee relations. The Company added that it has been recognized in the top 100 list for seven consecutive years. Hess informed that the Companies are selected from among the Russell 1000 companies, while the magazine's ratings are based on measurement of 298 data points of disclosure and performance measures. Paula Luff, Vice President, Social Responsibility, said, "We are proud to be recognized as among the best corporate citizens. This achievement represents the very real commitment by the company and our employees to meet the highest standards of corporate citizenship." The full analyst notes on Hess are available to download free of charge at:
http://www.analystsreview.com/2247-HES-09May2014.pdf
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