Oil & Gas Companies Report Second Quarter Financial Results - Research Report on Marathon Oil, EOG Resources, LINN, Devon

Oil & Gas Companies Report Second Quarter Financial Results - Research Report
   on Marathon Oil, EOG Resources, LINN, Devon Energy, and BreitBurn Energy
                                   Partners

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

PR Newswire

NEW YORK, August 14, 2013

NEW YORK, August 14, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting Marathon
Oil Corporation (NYSE: MRO), EOG Resources, Inc. (NYSE: EOG), Linn Energy, LLC
(NASDAQ: LINE), Devon Energy Corporation (NYSE: DVN), and BreitBurn Energy
Partners L.P. (NASDAQ: BBEP). Today's readers may access these reports free of
charge - including full price targets, industry analysis and analyst ratings -
via the links below.

Marathon Oil Corporation Research Report

On August 6, 2013, Marathon Oil Corporation (Marathon Oil) released its
financial results for Q2 2013. Total revenues and other income were up 3.0%
YoY and down 5.1% QoQ to $3.9 billion. Total Company sales volumes (excluding
Libya) during Q2 2013 averaged 457,000 net boed (barrel of oil equivalents per
day), compared to 485,000 net boed for Q1 2013. Net income was $426 million or
$0.60 per diluted share, compared to $393 million or $0.56 in Q2 2012, and
$383 million or $0.54 per diluted share in Q1 2013. According to Clarence P.
Cazalot, Jr. Marathon Oil's Executive Chairman, "Marathon Oil continued to
execute well operationally and had strong second quarter operating cash flows
of $1.445 billion, before changes in working capital, in spite of lower
international liquid hydrocarbon realizations compared to the first quarter."
The Full Research Report on Marathon Oil Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.investorsreports.com/report/2013-08-12/MRO]

--

EOG Resources, Inc. Research Report

On August 6, 2013, EOG Resources, Inc. (EOG Resources) reported its Q2 2013
financial results. The Company reported net operating revenues of $3.8
billion, up 32.0% YoY. The Company's net income of $659.7 million or $2.42 per
diluted share was higher as compared to $395.8 million or $1.47 per diluted
share in Q2 2012. Commenting on the results, President and Chief Executive
Officer, William R. Thomas said, "We have the confidence to raise the bar on
EOG's performance expectations because our outstanding assets perform better
and better, quarter after quarter, EOG expects to achieve these higher goals
within our previously stated capex estimate." The Full Research Report on EOG
Resources, Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-12/EOG]

--

Linn Energy, LLC Research Report

On August 8, 2013, Linn Energy, LLC (LINN) released its Q2 2013 financial
results. Total revenues were up by 4.8% YoY to $838.8 million. Net income was
$345.2 million or $1.46 per diluted share, compared to $237.1 million or $1.19
per diluted share in Q2 2012. The Company increased its daily production to an
average of 780 MMcfe/d (millions of cubic feet equivalent per day), compared
to 630 MMcfe/d for Q2 2012. According to Mark E. Ellis, Chairman, President
and CEO of LINN, "LINN has experienced a challenging start to the year as
lower than expected returns from our capital program coupled with historically
low NGL prices have weighed on year-to-date results. While these and other
challenges have made for a disappointing first half of 2013, we are optimistic
about the remainder of the year and expect to deliver annual production growth
of approximately 8% - 10%, as July volumes averaged approximately 815
MMcfe/d." LINN stated that it expects production for Q3 2013 and Q4 2013, to
be approximately 820 MMcfe/d and 850 MMcfe/d, respectively. The Full Research
Report on Linn Energy, LLC - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-12/LINE]

--

Devon Energy Corporation Research Report

On August 7, 2013, Devon Energy Corporation (Devon Energy) reported its Q2
2013 financial results. Total revenues of the Company increased 20.8% YoY to
$3.1 billion. Net earnings were $683 million or $1.68 per diluted share,
compared to $477 million or $1.18 per diluted share in Q2 2012. During the
quarter, Devon Energy produced 697.6 MBOED (million oil equivalent barrels per
day) compared to 678.9 MBOED in Q2 2012. Commenting on the results, John
Richels, President and CEO of Devon Energy said, "The second quarter was an
outstanding one for Devon as we continued to successfully grow high-margin oil
production. We remain on track to deliver total companywide oil production
growth in the high teens for 2013, led by light-oil growth of nearly 40
percent in the U.S." The Full Research Report on Devon Energy Corporation -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-12/DVN]

--

BreitBurn Energy Partners L.P. Research Report

On August 6, 2013, BreitBurn Energy Partners L.P. (the Partnership) released
its financial results for Q2 2013. Total revenues and other income items were
up 6.8% YoY to $217 million. Net income attributable to the Partnership was
$76.4 million or $0.75 per diluted limited partner unit, compared to $92.5
million or $1.29 per diluted limited partner unit in Q2 2012. In Q2 2013, the
partnership reached a record high of quarterly production of 2.5 MMBoe
(Million barrels of oil equivalent), representing a 25.6% YoY growth.
According to Hal Washburn, BreitBurn Energy Partners CEO, "The Partnership
delivered excellent financial and operating results including record quarterly
production and Adjusted EBITDA above our guidance range. The active
development programs for our legacy and newly acquired assets continued to
yield strong results this quarter." The Full Research Report on BreitBurn
Energy Partners L.P. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-08-12/BBEP]

----

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