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Public Offer Pricing, Strategic Agreements, Stock Price Updates, and Dividend Declarations - Analyst Notes on ONEOK Partners, FCX, EOG, Anadarko and Occidental Petroleum

NEW YORK, May 16, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding ONEOK Partners, L.P. (NYSE: OKS), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), EOG Resources, Inc. (NYSE: EOG), Anadarko Petroleum Corporation (NYSE: APC) and Occidental Petroleum Corporation (NYSE: OXY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at:

ONEOK Partners, L.P. Analyst Notes
On May 13, 2014, ONEOK Partners, L.P. (ONEOK Partners) announced that it has priced a public offering of 12.1 million common units at $52.94 per unit. The offer size reflects an increase of 1.1 million common units compared with the 11 million common units announced, a day before. ONEOK Partners also granted the underwriters a 30-day option to purchase up to an additional 1.815 million common units. Following the successful completion of the public offering, the aggregate ownership interest in the Partnership by ONEOK and a subsidiary, which is the sole general partner of the partnership, will be approximately 39.1%, compared with 41.0% previously, assuming the option to purchase additional common units is not exercised. ONEOK Partners expects to use the net proceeds from the common unit offering for general partnership purposes and to repay amounts outstanding under its commercial paper program. The full analyst notes on ONEOK Partners are available to download free of charge at:

Freeport-McMoRan Copper & Gold Inc. Analyst Notes
On May 8, 2014, Freeport-McMoRan Copper & Gold Inc. (FCX) announced that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G), has entered into an agreement to acquire certain of Apache Corporation's (Apache) interests in the Deepwater Gulf of Mexico (GOM) for $1.4 billion, which also includes Apache's interests in the Lucius and Heidelberg oil production development projects and 11 exploration leases. FCX stated that it plans to fund this acquisition with proceeds of $3.1 billion from the previously reported sale of FM O&G's Eagle Ford Shale assets. Also, FCX informed that the estimated combined after-tax net proceeds from these two transactions of approximately $1.3 billion will be used to repay outstanding indebtedness, once the transactions are closed, hopefully by Q2 2014. The full analyst notes on FCX are available to download free of charge at:

EOG Resources, Inc. Analyst Notes
On May 13, 2014, the stock of EOG Resources, Inc. (EOG) gained for a third consecutive session and ended 1.48% higher at $105.17. After opening at $104.58, the stock fluctuated in the range of $104.07 - $105.50. A total of 3.43 million shares changed hands during the session, compared to its 30-day daily average trading volume of 4.24 million. The stock has risen 5.96% since the Company released its Q1 2014 financial results on May 5, 2014. EOG's adjusted net income during the quarter increased 55.6% YoY to $1.40 per diluted share, beating the Zacks consensus estimate of $1.17 per share. The full analyst notes on EOG are available to download free of charge at:

Anadarko Petroleum Corporation Analyst Notes
On May 13, 2014, Anadarko Petroleum Corporation (Anadarko) announced that its Board of Directors has declared a quarterly cash dividend on the Company's common stock of $0.27 per share, representing a 50% increase from $0.18 per share in the previous quarter. The Company informed that the dividend is payable on June 25, 2014 to stockholders of record at the close of business on June 11, 2014. "Today's announcement marks the second significant increase in our common dividend in less than a year, as we continue to focus on enhancing value for our shareholders," Anadarko Executive Vice President, Finance and CFO, Bob Gwin said. The full analyst notes on Anadarko are available to download free of charge at:

Occidental Petroleum Corporation Analyst Notes
On May 13, 2014, the stock of Occidental Petroleum Corporation (Occidental Petroleum) gained 1.14% to close the session at $97.52. After opening at $96.75, the stock traded in a range of $96.47 - $98.12, with a total of 3.56 million shares changing hands. The stock has increased by 2.98% in last six trading sessions, helped by the Company's better-than-expected Q1 2014 numbers. Buoyed by the higher oil, NGL and gas prices in U.S., Occidental Petroleum said 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 expected the Company to report earnings per share of $1.70 in Q1 2014. The full analyst notes on Occidental Petroleum are available to download free of charge at:

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