Major Oil & Gas Players Report Significant Developments for Long-Term Growth and Profitability - Research Report on Exxon Mobil, Occidental Petroleum, ConocoPhillips, BP, and Total
NEW YORK, May 31, 2013 /PRNewswire/ --
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Today, Wall Street Reports announced new research reports highlighting Exxon Mobil Corporation (NYSE: XOM), Occidental Petroleum Corporation (NYSE: OXY), ConocoPhillips (NYSE: COP), BP plc (NYSE: BP), 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.
Exxon Mobil Corporation Research Report
On May 7, 2013, Exxon Mobil Corporation (Exxon Mobil) announced that it is commencing the development of the Julia oil field in the Gulf of Mexico. Exxon Mobil reported that the capital cost for the project is estimated to be more than $4 billion, and the oil production from it is expected to begin in 2016. Neil W. Duffin, President of ExxonMobil Development Company, said, "The development of Julia will provide a new source of domestic energy and well-paying jobs over the next several years. Access to resources such as Julia will contribute to U.S. energy security for many years to come." The Julia oil field was discovered in 2007, and is estimated to hold almost six billion barrels of resource in place. The Full Research Report on Exxon Mobil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/3cc2_XOM]
Occidental Petroleum Corporation Research Report
On May 3, 2013, Occidental Petroleum Corporation (Occidental Petroleum) announced that the former Ambassador, Edward P. Djerejian, and the former Energy Secretary, Spencer Abraham, were elected by the Board to assume the roles of Independent Chairman of the Board of Directors and Independent Vice Chairman, respectively. Stephen I. Chazen, President and CEO of Occidental Petroleum commented, "Ed's depth of experience, judgment, and understanding of our business strategy make him the perfect choice to lead our Board. I look forward to working closely with him and Spence and the full Board as we continue pursuing long-term value creation for our shareholders." The Full Research Report on Occidental Petroleum Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/85fe_OXY]
ConocoPhillips Research Report
On May 14, 2013, ConocoPhillips (ConocoPhillips) stated in its Annual Meeting of Stockholders that it is making significant progress on delivering its growth plans for better volumes and margins. Ryan Lance, Chairman and CEO of ConocoPhillips, stated, "We believe we represent a new class of E&P investment - one that will strive to achieve the organic growth of an independent with the yield of a major. We have the diverse asset base, technical capability, world-class workforce and financial strength to deliver on our unique value proposition." He continued, "The ConocoPhillips asset base reflects our legacy as a major company in terms of its size and breadth, yet offers the compelling organic growth more common to independent companies. It also reflects important diversification between a resource-rich North American portfolio, a lower-risk diversified worldwide portfolio and an emerging conventional and unconventional global exploration prospect inventory." The Full Research Report on ConocoPhillips - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/1cf7_COP]
BP plc. Research Report
On May 24, 2013, BP plc. (BP), along with Reliance Industries Limited and NIKO, announced the discovery of a significant reserve of gas and condensate in the KG D6 block off the eastern coast of India. PMS Prasad, Executive Director of Reliance Industries Limited, commented, "This is a successful outcome of the combined exploration efforts of the Joint Venture partners with the active support of the GoI. We shall embark on the appraisal program in the next few months in order to evaluate the options for developing this discovery." Dr. Mike Daly, Executive Vice President Exploration at BP, said, "The discovery demonstrates the effective technical co-operation between the partners, allowing us to make a new and significant discovery within KG D6. It follows an 18 month drilling time-out and detailed geoscience work that has re-focused our India exploration program and delivered this early success." The Full Research Report on BP plc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/ff46_BP]
Total SA Research Report
On May 23, 2013, Total SA (Total) announced that the BASF TOTAL Petrochemicals LLC (BTP) joint venture (40% owned by Total, 60% owned by BASF) have revamped the Port Arthur Steam Cracker in Texas to process ethane from Shale gas. Patrick Pouyanné, President of Total Refining & Chemicals, said, "Our strategy in the United States consists of consolidating our production base by taking advantage of market trends." He added, "The Port Arthur steam cracker is one of the biggest in the world, with a capacity of 1 million tons of ethylene per year. It was commissioned in 2001 to process naphtha, distilled from petroleum. In response to petroleum product price hike and the emergence of abundant gas resources, we adapted the steam cracker to give it flexibility and maintain its competitiveness. It can now use as a feedstock ethane, which costs around $30 per barrel of oil equivalent (boe) - versus around $100/boe for naphtha - and liquefied petroleum gases such as butane and propane, which are also cheaper." The Full Research Report on Total SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/5507_TOT]
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