Stock Movements, Oil Discoveries, Upgraded Ratings, and Approved Projects - Research Report on Chevron, BP, Ecopetrol, Murphy Oil, and Total SA
December 30, 2013 at 17:29 PM EST
NEW YORK, December 30, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Chevron Corporation (NYSE: CVX), BP plc (NYSE: BP), Ecopetrol SA (NYSE: EC), Murphy Oil Corporation (NYSE: MUR), and Total SA (NYSE: TOT). 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 December 18, 2013, Chevron Corporation's (Chevron) stock increased 2.41%, ending the day at $121.60. Over the previous three trading sessions, shares of Chevron increased 1.42%, compared to the Dow Jones Industrial Average, which advanced 2.62% during the same period. The Full Research Report on Chevron Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
BP plc Research Report
On December 18, 2013, BP plc (BP) reported that it has made an important oil discovery at its Gila prospect, which the Company co-owns with ConocoPhillips, in the deepwater US Gulf of Mexico, marking BP's third discovery in recent years in the emerging Paleogene trend in the Gulf of Mexico. BP informed that the Gila discovery was made by an exploration well on Keathley Canyon Block 93 in approximately 4,900 feet of water. Richard Morrison, Regional President of BP's Gulf of Mexico business, commented, "The Gila discovery is a further sign that momentum is returning to BP's drilling operations and well execution in the Gulf of Mexico." Mike Daly, BP's Global Head of Exploration, added, "Gila continues our successful drill out of the prolific Paleogene play system in the deepwater Gulf of Mexico. Subject to successful appraisal, Gila, Tiber and Kaskida together offer the potential for significant future oil developments in the Keathley Canyon area." The Full Research Report on BP plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Ecopetrol SA Research Report
On December 12, 2013, Ecopetrol SA (Ecopetrol) reported that Fitch Ratings has upgraded its foreign and local currency ratings from BBB- and BBB to BBB and BBB+, respectively. Ecopetrol reported that both rating outlooks were also revised to stable. The Company stated that the upgrade is in accordance with Fitch Ratings' upgrade on December 10, 2013 of Colombia's sovereign rating in foreign and local currency from BBB- and BBB to BBB and BBB+, respectively. The Full Research Report on Ecopetrol SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Murphy Oil Corporation Research Report
On December 18, 2013, Murphy Oil Corporation's (Murphy Oil) stock increased 1.25%, ending the day at $63.90. Over the previous three trading sessions, shares of Murphy Oil went up by 1.41%, compared to the Dow Jones Industrial Average, which increased 2.62% during the same period. 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:
Total SA Research Report
On December 18, 2013, Total SA (Total) announced the final investment decision to develop the onshore Yamal LNG project in Russia in which the Company owns a 20% direct interest. Total stated that the project will develop reserves of over 5 billion barrels of oil equivalent and includes an LNG plant with a capacity of 16.5 million tons per year (Mt/y), representing a total capital expenditure of $27.0 billion, according to the operator. Yves-Louis Darricarrère, President Upstream at Total, commented, "The successful sanction of Yamal LNG strengthens Total's global portfolio to sustain post-2017 production over the next decades and further increases our presence in a high potential region of Russia in terms of gas resources. Yamal LNG has made tremendous progress in recent months and Total will join forces with Novatek by harnessing all of its expertise and effort to deliver this top-tier LNG project within schedule." The Full Research Report on Total SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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