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Financial Results, Investor Conferences, Dividends, Donations and Divestitures - Research Report on ExxonMobil, Whiting Petroleum, Exterran Holdings, Energy XXI, and Eni SpA

Editor Note: For more information about this release, please scroll to bottom


News provided by

Analysts' Corner

Aug 02, 2013, 08:00 ET

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NEW YORK, August 2, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting ExxonMobil Corporation (NYSE: XOM), Whiting Petroleum Corp. (NYSE: WLL), Exterran Holdings, Inc. (NYSE: EXH), Energy XXI (Bermuda) Limited (NASDAQ: EXXI), and Eni SpA (NYSE: E). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

ExxonMobil Corporation Research Report

On July 23, 2013, Exxon Mobil Corporation, (ExxonMobil) announced that the Company and its employees, along with XTO Energy employees, contributed $665,994 to higher education institutions across Kansas as part of the ExxonMobil Foundation's 2012 Educational Matching Gift Program. According to ExxonMobil, the contribution represents unrestricted grants of $484,783 from ExxonMobil Foundation and matching donations of $181,161 from employees, retirees, directors and surviving spouses. The Company also informed that ExxonMobil along with its employees has given more than $2.6 million to universities and colleges in Kansas in the past five years.  Suzanne McCarron, President of the ExxonMobil Foundation, commented, "ExxonMobil employees have a history of giving back through both their volunteerism and philanthropy. The corporation and foundation share that philosophy and are proud to join them in their generous support." The Full Research Report on ExxonMobil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/36c4_XOM ]

--

Whiting Petroleum Corp. Research Report

On July 24, 2013, Whiting Petroleum Corp. (Whiting Petroleum) announced its Q2 2013 financial and operating results. The Company's net Income came in at $134.7 million or $1.14 per diluted share, compared to $150.6 million or $1.27 per diluted share. The Company reported that production in Q2 2013 amounted to 8.5 million barrels of oil equivalent (MMBOE) with 87% crude oil/natural gas liquids (NGLs). Q2 2013 production was up 4.8% QoQ to 93,380 barrels of oil equivalent per day (BOE/d).  James J. Volker, Whiting's Chairman and CEO, said, "With the sale of our Postle assets, we have the liquidity to accelerate development of our high rate of return Williston Basin Bakken and DJ Basin Niobrara assets. Our revised 2013 production growth guidance equates to a 12% increase over 2012 levels and a 19% increase excluding the production associated with the Postle assets. In the third quarter we anticipate replacing nearly all of the production from the Postle assets sale, which generated $837 million in net sale proceeds, while increasing our capital budget by only $300 million." The Full Research Report on Whiting Petroleum Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/e08c_WLL ]

--

Exterran Holdings, Inc. Research Report

On July 15, 2013, Exterran Holdings, Inc. (Exterran Holdings) and Exterran Partners, L.P. (EXLP) jointly announced that they will hold a joint conference call on Tuesday, August 6, 2013, in order to review their Q2 2013 financial results. The Companies will release their Q2 2013 earnings before the conference call, which is scheduled at 11:00 a.m. ET. Interested parties can listen to the call via a live webcast at Exterran's website. The Companies also reported that a replay of the conference call will be available on Exterran's website for at least seven days after the conclusion of the call. The Full Research Report on Exterran Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/6001_EXH ]

--

Energy XXI (Bermuda) Limited Research Report

On July 23, 2013, Energy XXI (Bermuda) Limited (Energy XXI) reported that its Board of Directors have approved a quarterly dividend of $0.12 per share of common stock. According to the Company, the dividend will be payable on September 13, 2013 to shareholders of record as on August 30, 2013. The Company stated that it currently has 75.6 million shares of common shares outstanding. The Full Research Report on Energy XXI (Bermuda) Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/3e10_EXXI ]

--

Eni SpA Research Report

On July 25, 2013, Eni SpA (Eni) and China National Petroleum Corporation (CNPC) announced that they have completed the sale of 28.6% of Eni East Africa's shares- owner of a 70% interest in Area 4, located off the coast of Mozambique to CNPC. According to Eni, the sale was concluded at a price of $4.2 billion, which was sanctioned by the agreement signed on March 14, 2013, integrated for contractual balances provided until the date of closing. Eni stated that through this deal, CNPC will have a stake in Eni East Africa, equating to a 20% indirect participation in Area 4. The Company further stated that it will continue to remain an indirect owner of the 50% participation owned by Eni East Africa. The remaining shares in Area 4 are owned by Empresa Nacional de Hidrocarbonetos de Mozambique (ENH, 10%), Kogas (10%), and Galp Energia (10%). The Full Research Report on Eni SpA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/c3ef_E ]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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