Major Integrated Oil & Gas
(RDSA) Royal Dutch Shell PLC Disappoints The Street – Freezes Dividend
Energy major Royal Dutch Shell PLC’s (RDSA) fourth-quarter earnings per ADR (on a current cost of supplies basis), excluding one-time items and gains or losses from inventories, came in at 91 cents, which fell quite some distance short of the year-ago result at $1.27 and also...
4Feb2010 | vitalstocks | 0 comments | Continued(BP) BP Earnings Miss Consensus on Refining Weakness
BP plc (BP) reported its fourth quarter 2009 results of $1.37 per ADS (American Depositary Share), below the Zacks Consensus Estimate of $1.49, but significantly above the year-earlier loss of $1.06. Weak downstream results, partly offset by upstream strength, accounted for the...
2Feb2010 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil Corporation Beats Expectations but Net Sinks
ExxonMobil Corporation (XOM) reported fourth quarter 2009 earnings of $1.27 per share, compared to the Zacks Consensus Estimate of $1.20 and year-earlier earnings of $1.54. Earnings at XOM, though better than expected, were significantly lower than the year-earlier numbers due...
1Feb2010 | vitalstocks | 0 comments | Continued(CVX) Chevron Corporation Misses Estimates on Weak Refining
Chevron Corporation (CVX) posted weaker-than-expected fourth-quarter 2009 earnings, pulled down by sharply lower downstream results on the back of depressed refining margins. This was partially offset by higher commodity prices and growing production in its upstream segment. Earnings...
30Jan2010 | vitalstocks | 0 comments | Continued(COP) ConocoPhillips Beats Earnings Expectations but Refining and Marketing Segment Lags
ConocoPhillips (COP) reported fourth-quarter earnings of $1.16 per share, above the Zacks Consensus Estimate of $1.12. However, earnings per share were well below the year-earlier figure of $1.28. This fall was mainly due to lower natural gas prices, a sharp decline in refining...
27Jan2010 | vitalstocks | 0 comments | Continued($COP) ConocoPhillips Flies High with Oil Sands
As an area of significant future oil production growth, ConocoPhillips (COP) has been increasingly favoring its oil sands projects. The company will start the initial construction of the second phase of the Surmont project this year, reports oilvoice.com. It is a Canadian oil...
21Jan2010 | vitalstocks | 0 comments | Continued(XOM) Producer Price Increases Slow
The Producer Price Index (PPI) rose in December by 0.2% on a headline basis, and was unchanged after you strip out volatile food and energy prices to get the core index. This is down sharply from November when they rose 1.8% on headline and 0.5% on a core basis. However, the...
20Jan2010 | vitalstocks | 0 comments | Continued(COP) ConocoPhillips Foresees Refining and Marketing Loss
ConocoPhillips (COP) yesterday released its fourth quarter 2009 interim update. The company sees a loss for Refining and Marketing (R&M) segment due to weak secondary product margins, narrow light-heavy crude differentials and a low utilization due to turnaround activity...
20Jan2010 | vitalstocks | 0 comments | Continued(REP) Repsol YPF S.A. Signs New Exploration Contract in Algeria
Spain’s largest integrated oil and gas company Repsol YPF S.A. (REP) and its partners Enel and GdF-Suez have signed an exploration and exploitation contract for the ‘Sud-Est Illizi’ gas field in Southeastern Algeria with Sonatrach, the Algerian national oil company....
19Jan2010 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil and Petrobras Makes Agreement Turkish National Oil Company
ExxonMobil Corporation (XOM) and Petrobras (PBR) through their affiliates entered into an agreement with Turkish National Oil Company, Türkiye Petrolleri Anonim Ortakl??? (hereafter, TPAO) to explore hydrocarbons in the deepwater Black Sea offshore Turkey. As per the agreement,...
13Jan2010 | vitalstocks | 0 comments | Continued($CVX) Chevron Corporation’s Bearish Downstream Update
U.S. energy behemoth Chevron Corp. (CVX) released its fourth-quarter interim update, covering the first 2 months of the quarter. On the whole, the update is on the bearish side, with earnings expected to be lower than the previous quarter. The company expects the upstream segment...
12Jan2010 | vitalstocks | 0 comments | Continued(CVX) Chevron and Nippon Oil in Liquefied Natural Gas Deal
Chevron Corp. (CVX), the second-biggest U.S. energy company, has entered into a deal to sell 300,000 tons of liquefied natural gas (LNG) per annum from its Gorgon venture in Australia. The company said its Australian subsidiary has signed a long-term agreement with Japanese refiner...
10Jan2010 | vitalstocks | 0 comments | Continued(E) Eni SpA Joins New Venture in Venezuela
Eni SpA (E) joins with Venezuela’s state-owned oil firm PDVSA for a joint venture that will start producing heavy crude oil in the country’s Orinoco region. The joint venture is planning to start construction in 2011, with a commencement of production in 2014. The deal is...
6Jan2010 | vitalstocks | 0 comments | Continued(E) Eni SpA ADRs Initiated at Neutral by Analysts
We have initiated coverage on Eni SpA ADRs (E) with a Neutral recommendation and a $53 target price, as we believe that it will perform in line with the industry. Based in Rome, Italy, Eni SpA with its consolidated subsidiaries is engaged in the oil and gas, electricity generation,...
6Jan2010 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell Steps in for Petrobras Stake
Royal Dutch Shell (RDSA) is keen to buy a 15% stake in Krishna Godavari (KG) basin block KG-DWN-98/12 from India’s Oil and Natural Gas Corporation (ONGC). This stake was previously owned by Petrobras (PBR), Brazil’s state-controlled oil firm. Petrobras has decided to offload...
5Jan2010 | vitalstocks | 0 comments | Continued(PTR) PetroChina Company Limited Upped to Outperform
We are upgrading PetroChina Company Limited (PTR) ADRs to Outperform from Neutral, reflecting the company’s leverage to the fast growing Chinese market and the turnaround in commodity prices. Being one of the two Chinese integrated oil companies, PetroChina is well-positioned...
4Jan2010 | vitalstocks | 0 comments | Continued(PTR) PetroChina – ADR- Bull of the Day
We are upgrading PetroChina (PTR) ADRs to Outperform from Neutral, reflecting the company’s leverage to the fast-growing Chinese market and the turnaround in commodity prices. Being one of the two Chinese integrated oil companies, PetroChina is well-positioned to capitalize...
31Dec2009 | vitalstocks | 0 comments | Continued(XOM) Reviewing ExxonMobil’s $41 Billion Purchase Of XTO Energy
Tony Daltorio, Investment U Research Over the past three years, small domestic independent oil and natural gas producers have increased US natural gas supplies from an estimated 30 years’ supply to 100 years’ worth, thanks to techniques they developed that help them extract...
30Dec2009 | InvestmentU | 0 comments | Continued(PTR) PetroChina Company’s Canadian Project Earns Government OK
PetroChina Company Ltd. (PTR), the largest integrated oil company in China, gained approval from the Canadian government to acquire a majority stake in two oil sands projects in western Canada for C$1.9 billion ($1.8 billion). The decision is subject to commitments by PetroChina...
30Dec2009 | vitalstocks | 0 comments | Continued(COP) ConocoPhillips Boosts LNG Development
Following the purchase of an additional 9% stake in exploration permits for WA-314-P and WA-315-P in the Browse basin at the beginning of this month, ConocoPhillips (COP) experienced success on its latest well (Poseidon-2) in the drilling program with partner Karoon Gas. Poseidon-2...
29Dec2009 | vitalstocks | 0 comments | Continued(REP) Repsol YPF Provides 2010 Outlook
Spain’s largest integrated oil and gas company Repsol YPF (REP) revealed yeasterday a 2010 exploration plan for its Argentine counterpart – YPF. With a declining trend in proved reserve base in the past few years, the 2010 plan includes a broad goal of reversing this position...
27Dec2009 | vitalstocks | 0 comments | Continued(CVX) Chevron Sells More Liquefied Natural Gas From Gorgon Venture
Chevron Corp. (CVX) – the second-biggest U.S. energy company – entered into a deal to sell 1.44 million tons of liquefied natural gas (LNG) per annum from its Gorgon venture in Australia. The company said that its Australian subsidiary has signed a long-term agreement in...
27Dec2009 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell Switches Focus from Nigeria
In response to growing militant activities and a souring of relations with the government, Royal Dutch Shell (RDSA) is planning to divest oil fields in Nigeria worth up to $5 billion. The Nigerian Government prepares to impose harsher terms on foreign operators and hand a greater...
22Dec2009 | vitalstocks | 0 comments | Continued(E) Eni SpA Acquiring Heritage Oil Assets in Uganda
Eni SpA (E) has entered into a definitive agreement with Heritage Oil to purchase a 50% interest and operatorship in blocks 1 and 3A in Uganda for a total consideration of $1.35 billion. There is a provision of an additional consideration of $150 million if certain conditions...
22Dec2009 | vitalstocks | 0 comments | Continued(CVX) Energy and Infrastructure 2010 Forecast: A Key Year Looms – Here Are the Firms That Can Profit
by David Fessler, Energy and Infrastructure Expert Friday, December 18, 2009: Issue #1161 As the United States slowly digs itself out of the worst economic downturn since the Great Depression, big changes loom large on the horizon. Earlier this week, my colleague Marc Lichtenfeld...
18Dec2009 | InvestmentU | 0 comments | Continued(CVX) Chevron Wins Poland Shale Exploration License
Chevron Corp. (CVX) – the second-biggest U.S. oil company – gained an exploration license in Poland to search for natural gas in the country’s southeastern region, in the vicinity of the city of Zamosc. Covering an area of 800 square kilometers, the 5-year concession will...
16Dec2009 | vitalstocks | 0 comments | Continued(CVX) Chevron Scores New Natural Gas Find Off The Coast of Australia
Chevron Corp. (CVX) – the second-biggest U.S. oil company – announced the discovery of a new offshore natural gas site (Satyr-1) in Western Australia’s Carnarvon Basin. The discovery builds on the integrated energy giant’s leading position in this hydrocarbon-rich area...
16Dec2009 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell Wins Iraq Oil Field Contract
Royal Dutch Shell (RDSA) has won a contract to redevelop Iraq’s massive Majnoon oil field. Located in southern Iraq, the Majnoon field holds an estimated 12.8 billion barrels of oil. Shell will operate the Majnoon project and hold a 45% share. Petronas, Malaysia’s state...
15Dec2009 | vitalstocks | 0 comments | Continued(XOM) Industrial Production and Capacity Utilization Rises
This morning, the Federal Reserve released its report on Industrial Production and Capacity Utilization. Both rose more than expected. This is a far more important report than the amount of attention it tends to get in the press. Think of the capacity utilization numbers as...
15Dec2009 | vitalstocks | 0 comments | Continued(XOM) Exxon’s Purchase is a Vote of Confidence in Natural Gas
I try not to get overly excited about M&A announcements, but today’s major transaction in the energy space deserves all the attention that it is getting. My enthusiasm for Exxon’s (XOM) acquisition of XTO Energy (XTO) goes beyond my long-held liking for both of...
15Dec2009 | vitalstocks | 0 comments | Continued