NEW YORK, November 10, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding ConocoPhillips (NYSE: COP), Valero Energy Corporation (NYSE: VLO), Anadarko Petroleum Corporation (NYSE: APC), The Dow Chemical Company (NYSE: DOW) and Occidental Petroleum Corporation (NYSE: OXY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7809-100free.
ConocoPhillips Research Reports
On November 4, 2014, ConocoPhillips announced that it will plug and abandon the Kamoxi-1 exploration well in Block 36 offshore Angola in the Kwanza Basin following disappointing results. The Company said that it will take an after-tax charge of $140 million as dry hole expense in Q4 2014, which includes estimated costs through November 2014. "Although the Kamoxi well results were disappointing, we continue to see potential for this subsalt Angola play," said Larry Archibald, Senior Vice President, Exploration. "After plugging Kamoxi, we will spud a well on adjacent Block 37, which will be the second wildcat in our planned four well exploration program in the Kwanza Basin." The full research reports on ConocoPhillips are available to download free of charge at:
Valero Energy Corporation Research Reports
On November 4, 2014, Valero Energy Corporation (Valero) announced its Q3 2014 financial results. For the quarter, Valero reported net income attributable to its stockholders of $1.1 billion, or $2.00 per share, compared to $312 million, or $0.57 per share, for Q3 2013. The Company's operating income in Q3 2014 stood at $1.7 billion versus $532 million in the year ago period, helped mainly by the refining segment, although the ethanol business also contributed. Valero said that its refining throughput volumes averaged 2.8 million barrels per day (bpd) in Q3 2014, an increase of 42,000 bpd from Q3 2013. Refining throughput margin stood at $11.81 per barrel, an increase of $4.05 per barrel year-over-year. Looking ahead, the Company said that it is lowering its full-year 2014 guidance for capital expenditures including turnaround and catalyst by $100 million to approx. $2.9 billion. Shares of the Company closed at $49.64, down 1.96%. The full research reports on Valero are available to download free of charge at:
Anadarko Petroleum Corporation Research Reports
On October 29, 2014, Anadarko Petroleum Corp.'s (Anadarko's) CEO Al Walker told investors, at the Q3 2014 earnings conference call, that the Company will announce its 2015 spending plans in March 2015 as it continues to monitor the crude oil prices which have declined sharply in the recent months. At the conference call, Al Walker said that "the market has in most people's estimation not quite found the equilibrium and we don't know if that's going to be at a higher price than where the current curve looks like or something lower.We're probably going to want to watch this for a few more months." However, he also stated that the current commodity price environment will have little to no impact on the Company's exploration plans over the next 4 to 5 years. The full research reports on Anadarko are available to download free of charge at:
The Dow Chemical Company Research Reports
On November 4, 2014, The Dow Chemical Company (Dow Chemical) announced that three of its women scientists have been honored with the Women Chemists Committee (WCC) of the American Chemical Society's (ACS) 2015 'Rising Star Award'. Dow's Dr. Jaime Curtis-Fisk, Dr. Melinda Keefe and Dr. Beth Lorsbach were among the 10 women who received this award. According to the Company, the award recognizes outstanding women scientists who are approaching mid-level careers and have demonstrated outstanding promise for contributions to their respective fields. The full research reports on Dow Chemical are available to download free of charge at:
Occidental Petroleum Corporation Research Reports
On November 5, 2014, the stock of Occidental Petroleum Corporation (Occidental Petroleum) rose 1.35% to end the trading session at $86.47. During the session, shares in Occidental Petroleum opened at $86.16, and fluctuated in the range of $85.08 - $86.92, with a total of 4.25 million shares changing hands. Over the last one month, the Company's stock has declined 10.93%, as compared to the S&P 500 index which increased almost 3% during that period. The full research reports on Occidental Petroleum are available to download free of charge at:
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