Major Integrated Oil & Gas Players Focus on Expansion, Strategic Divestiture, Resolution, and New Discoveries - Research Report

Major Integrated Oil & Gas Players Focus on Expansion, Strategic Divestiture,
 Resolution, and New Discoveries - Research Report on ExxonMobil, BP, Total,
                            Statoil, and Ecopetrol

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

PR Newswire

NEW YORK, June 10, 2013

NEW YORK, June 10, 2013 /PRNewswire/ --

Today, Wall Street Reports announced new research reports highlighting
ExxonMobil Corporation (NYSE: XOM), BP plc (NYSE: BP), Total SA (NYSE: TOT),
Statoil ASA (NYSE: STO), and Ecopetrol SA (NYSE: EC). 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 May 30, 2013, ExxonMobil Corporation (ExxonMobil) announced that its
Singapore Chemical Plant is now producing ethylene from the facility's second
world-scale steam cracker. ExxonMobil's chemical plant expansion is integrated
with its existing petrochemical plant. The Company expects to increase its
production at its three polyethylene plants, two polypropylene plants, a
specialty metallocene elastomers unit and the expanded oxo-alcohol and
aromatics units at the petrochemical complex over the next few weeks. Matthew
Aguiar, Chairman and Managing Director of ExxonMobil Asia Pacific Pte Ltd,
said "This expansion gives ExxonMobil unparalleled feedstock flexibility in
the industry and positions the Singapore petrochemical complex well to serve
growth markets from China to the Indian sub-continent and beyond. We are
committed to meeting the regional demand for petrochemical products and to
contributing to Singapore's growth." 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.WSReports.com/r/full_research_report/3cc2_XOM]

--

BP plc Research Report

On June 3, 2013, BP plc (BP) announced that is has successfully completed the
sale of its Carson, California refinery and related regional logistics and
marketing assets to Tesoro Corporation for approximately $2.4 billion. The
Company stated that the divestiture was a part of the Company's plan to
reshape its fuels business in the US. Iain Conn, Chief Executive of BP's
Global Refining and Marketing Business, said, "With the completion of this
divestment the strategic refocusing of our U.S. fuels portfolio is essentially
complete. BP's U.S. fuels business is now anchored around three, highly
sophisticated northern refineries, which are crude feedstock-advantaged, and
tied to strong marketing businesses." The Full Research Report on BP plc -
including full detailed breakdown, analyst ratings and price targets - is
available to download BP plc free of charge at:

[http://www.WSReports.com/r/full_research_report/ff46_BP]

--

Total SA Research Report

On May 29, 2013, Total SA (Total) announced that it has reached final
agreements with the US Department of Justice (DOJ) and the US Securities and
Exchange Commission (SEC) for the resolution of an investigation initiated in
2003, concerning petroleum contracts awarded in Iran in the 1990s. The
settlement with the SEC requires Total to pay $153 million and to agree to
take steps to avoid any violation. The DOJ agreed not to prosecute Total, and
in return, requires Total to pay $245.2 million and to maintain and reinforce
its ongoing compliance program. Patrick de La Chevardière, CFO of Total, said,
"These settlements, the outcome of which are customary in the United States,
allow us to put an end to this investigation. We look forward to continuing
our work and in demonstrating our strong commitment to ensuring ethical and
legal compliance with the laws around the world." 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]

--

Statoil ASA Research Report

On May 28, 2013, Statoil ASA (Statoil) announced that the Company, along with
its partners, has made a new oil discovery in the vicinity of Grane field in
the North Sea. Statoil reported that the well was Drilled by the rig Songa
Trym and proved an oil column of 20 metres in the Heimdal formation. According
to the Company, the estimated volume of oil discovery is in the range of 18 to
33 million barrels of recoverable oil. Tore Loseth, Vice President for
Exploration in the North Sea, said, "We are pleased with having proven new
very high value resources in the Grane area. The oil discovery is located
directly north of the Grane field and can be developed effectively." The Full
Research Report on Statoil ASA - 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/d49c_STO]

--

Ecopetrol SA Research Report

On May 27, 2013, Ecopetrol SA (Ecopetrol) announced that it has proven the
presence of hydrocarbons at the Cusuco 1, an exploratory well located within
the municipality of San Carlos de Guaroa, Meta Province, Columbia. This is the
third finding of Ecopetrol in 2013. Initial tests carried out on the Cusuco 1
well, using an artificial lift system, yielded an average crude oil production
of 140 barrels of oil per day (BOD). The Company also announced that it will
conduct extensive testing in the area over the following weeks. The Full
Research Report on Ecopetrol 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/696f_EC]

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