Shareholder Meeting Schedules, Settlement Agreements, Financial Results, AGM Results, and Executive Appointments - Analyst Notes on ExxonMobil, Chevron, Encana, Statoil and Eni
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NEW YORK, May 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Exxon Mobil Corporation (NYSE: XOM), Chevron Corporation (NYSE: CVX), Encana Corporation (NYSE: ECA), Statoil ASA (NYSE: STO) and Eni SpA (NYSE: E). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2592-100free.
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Exxon Mobil Corporation Analyst Notes
On May 14, 2014, Exxon Mobil Corporation (ExxonMobil) announced that it will be holding its annual meeting of shareholders on May 28, 2014. The Company informed that media access will be provided to authorized representatives of commercial news organizations who pre-register by May 23, 2014. ExxonMobil also informed that the meeting is scheduled to begin at 9:30 a.m. CDT at the Morton H. Meyerson Symphony Center in Dallas, Texas. A live webcast will be available on the Company's website. The full analyst notes on ExxonMobil are available to download free of charge at:
http://www.analystsreview.com/2592-XOM-19May2014.pdf
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Chevron Corporation Analyst Notes
On May 7, 2014, Chevron Corporation (Chevron) announced that it has reached a settlement agreement with Patton Boggs LLP (Patton Boggs), a lobbying and law firm. Chevron informed that it had previously filed counterclaims in federal court against Patton Boggs for its role in a lawsuit against the Company in Ecuador. The claims have been settled by withdrawing from the fraudulent Ecuador litigation, issuing a statement of regret, assigning its interests in the litigation to Chevron, and paying the Company $15 million. Chevron on the other hand has agreed to release all claims against Patton Boggs and its partners. The full analyst notes on Chevron are available to download free of charge at:
http://www.analystsreview.com/2592-CVX-19May2014.pdf
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Encana Corporation Analyst Notes
On May 13, 2014, Encana Corporation (Encana) reported its Q1 2014 results. Quarterly net earnings stood at $116.0 million, compared to a net loss of $431.0 million in Q1 2013, while operating earnings came in at 515 million or $0.70 per diluted share as compared to $179 million or $0.24 per diluted share in Q1 2013. "Our strong first-quarter financial and operational results demonstrate that we are making very good progress executing on our strategy and our teams are delivering on virtually all of the targets that we have set to date," says Doug Suttles, President and CEO of Encana. "Through our focused capital investment, we continue to build momentum in our core growth areas and we're accelerating the transition to a more balanced portfolio through the recent transactions that we've announced." The full analyst notes on Encana are available to download free of charge at:
http://www.analystsreview.com/2592-ECA-19May2014.pdf
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Statoil ASA Analyst Notes
On May 14, 2014, Statoil ASA (Statoil) announced that during its annual general meeting of shareholders, the annual accounts and the annual report for the Company and the Statoil group for 2013 were approved. An announcement to distribute a dividend of NOK 7.00 per share to the shareholders as of May 14, 2014 was also made. In addition, directors Olaug Svarva, Tom Rathke, and Elisabeth Berge were re-elected, and Tone Lunder Bakker was newly elected, as members of the nomination committee for the period until the 2016 annual general meeting. In addition, Statoil informed that the general meeting also approved the Board's statement on stipulation of salary and other remuneration for the executive management, and also authorized the Board to acquire shares in the Company in the market in order to continue the share saving plan for employees. The full analyst notes on Statoil are available to download free of charge at:
http://www.analystsreview.com/2592-STO-19May2014.pdf
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Eni SpA Analyst Notes
On May 9, 2014, Eni SpA (Eni) announced that its Board of Directors has appointed Claudio Descalzi as CEO and General Manager of the Company. Under the position, Descalzi will be responsible for the management of the Company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to be delegated according to the current legislation. Though the final decision is pending, the Board confirmed Descalzi as COO of the Exploration & Production Division. The full analyst notes on Eni are available to download free of charge at:
http://www.analystsreview.com/2592-E-19May2014.pdf
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