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Sales Agreement, Divestiture, Dividend, Share Repurchasing, New Organizational Structure, and Patent - Research Report on Chevron, Suncor Energy, Murphy Oil, Encana, and Ecopetrol

NEW YORK, October 8, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Chevron Corporation (NYSE: CVX), Suncor Energy Inc. (NYSE: SU), Murphy Oil Corporation (NYSE: MUR), Encana Corporation (NYSE: ECA), and Ecopetrol SA (NYSE: EC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Chevron Corporation Research Report

On October 1, 2013, Chevron Corporation (Chevron) announced the signing of long-term Sales and Purchase Agreements (SPAs) between its Australian subsidiaries and Tohoku Electric Power Company, Inc. (Tohoku), to supply liquefied natural gas (LNG) from the Chevron-operated Wheatstone Project in Western Australia. Chevron reported that under the terms of the agreement, its subsidiaries, along with Apache Energy's subsidiaries and Kuwait Foreign Petroleum Exploration Company, will supply 0.9 million tonnes per annum of LNG to Tohoku for up to 20 years. Joe Geagea, President, Chevron Gas and Midstream, stated, "These agreements with Tohoku create a new partnership between our companies and demonstrate the benefits of buyers and sellers working together to ensure supply is brought to the market to meet growing LNG demand." The Full Research Report on Chevron Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []

Suncor Energy Inc. Research Report

On September 26, 2013, Suncor Energy Inc. (Suncor Energy) announced the closure of a previously announced transaction in connection to the sale of a majority of its conventional natural gas business in Western Canada to CQ Energy Canada Partnership. Suncor Energy reported that the transaction stands in line with the Company's strategy to focus on a core portfolio of high return, oil producing assets and includes properties situated across multiple regions in Alberta, northeast British Columbia, and southern Saskatchewan, excluding majority of Suncor's unconventional Montney natural gas properties in the Fort St. John region of British Columbia and the Company's Wilson Creek, Alberta unconventional oil assets. The Company stated that the $1 billion sale price is subject to closing adjustments typical of transactions of this nature and is based on an effective date of January 1, 2013. The Full Research Report on Suncor Energy Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []

Murphy Oil Corporation Research Report    

On October 2, 2013, Murphy Oil Corporation (Murphy Oil) announced that its Board of Directors has declared a quarterly cash dividend of $0.31 per common share, or $1.25 per common share on an annualized basis, on the Common Stock of the Company. Murphy Oil reported that the dividend is payable on December 2, 2013 to shareholders of record as on November 15, 2013. The Company also informed that under a share repurchase program of up to $1 billion of common stock, authorized by its Board of Directors in October 2012, Murphy Oil has so far repurchased slightly over 8 million shares at a total cost of $500 million, and its board has extended the expiration date of its repurchase program to April 15, 2014. The Full Research Report on Murphy Oil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []

Encana Corporation Research Report

On October 1, 2013, Encana Corporation (Encana) announced its new organizational structure and the members of its Senior Management Team, expected to be effective by the end of 2013. According to Encana, it has appointed Mike McAllister as Executive Vice-President & Chief Operating Office and David Hill as Executive Vice-President, Exploration and Business Development of the Company. Meanwhile, it informed about continuity of services by Sherri Brillon as Executive Vice-President and Chief Financial Officer; Renee Zemljak as Executive Vice-President, Midstream, Marketing and Fundamentals; Terry Hopwood as Executive Vice-President and General Counsel; and Ryder McRitchie as Vice-President, Investor Relations and Communications. The Company also reported the retirement of Jeff Wojahn, Executive Vice-President and President of the USA Division; Eric Marsh, Executive Vice-President, Natural Gas Economy and Senior Vice-President, USA Division; Bill Stevenson, Executive Vice-President and Chief Accounting Officer; Bob Grant, Executive Vice-President, Corporate Development, EH&S and Reserves; and Bill Oliver, Executive Vice-President and Chief Corporate Officer. The Full Research Report on Encana Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []

Ecopetrol SA Research Report  

On September 30, 2013, Ecopetrol SA (Ecopetrol) announced that the China Patent Office (SIPO) has granted Invention patent to the technology "Process for production of vanadium traps by impregnation and vanadium trap produced by said process." According to Ecopetrol, the recently bagged patent marks the Company's first patent received in China, the second one granted at international level in 2013 and the sixth obtained in 2013. The Company further informed that the recognition is valid for 20 years as of July 7, 2009, and this technology had already been granted a patent from the Industry and Trade Superintendece of Colombia. The Company reported that the vanadium traps, developed by Ecopetrol at the Colombian Petroleum Institute (ICP), consist in additives that prevent vanadium's destructive action whose metallic compounds reduce the yield of valuable products such as LPG (liquefied petroleum gas) and gasoline. Ecopetrol stated that the technology is applicable in processing of heavy crude, a business in which Ecopetrol has concentrated efforts to develop a competitive edge to become leader in the hydrocarbon industry. The Full Research Report on Ecopetrol SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []


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