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Dividends, Share Repurchases, Rulings, Appointments, and Guidance - Research Report on Marathon Oil, LyondellBasell,

 Dividends, Share Repurchases, Rulings, Appointments, and Guidance - Research
Report on Marathon Oil, LyondellBasell, ConocoPhillips, Continental Resources,
                           and Occidental Petroleum

PR Newswire

NEW YORK, September 13, 2013

NEW YORK, September 13, 2013 /PRNewswire/ --

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

Today, Analysts' Corner announced new research reports highlighting Marathon
Oil Corporation (NYSE: MRO), LyondellBasell Industries NV (NYSE: LYB),
ConocoPhillips (NYSE: COP), Continental Resources Inc. (NYSE: CLR), and
Occidental Petroleum Corporation (NYSE: OXY). 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 September 10, 2013, Marathon Oil Corporation (Marathon Oil) announced that
the Company will repurchase $1 billion of its common stock in two phases,
pursuant to its outstanding share repurchase authorization. The Company stated
that the initial phase of $500 million in common stock repurchases has been
substantially completed, and the second $500 million phase is expected to be
complete in 2014. Additionally, the Company also announced its plan to sell
10% working interest in the Production Sharing Contract and Joint Operating
Agreement in Block 32 offshore Angola to Sonangol E.P., for a consideration of
c.$590 million, excluding any purchase price adjustments. Lee M. Tillman,
Marathon Oil's President and CEO, said, "With the anticipated sale of our
interest in Angola Block 32, we have now completed or agreed to divestitures
totaling approximately $3.5 billion, surpassing the $3 billion upper end of
our stated three-year target." 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.analystscorner.com/r/full_research_report/5a8d_MRO]

--

LyondellBasell Industries NV Research Report

On September 10, 2013, LyondellBasell Industries NV (LyondellBasell) announced
that its Management Board has received an approval from the Supervisory Board
to declare an interim dividend of $0.50 per share. According to the Company,
the dividend will be paid on October 7, 2013, to shareholders of record as on
September 23, 2013 (ex-dividend date: September 19, 2013). The Company further
informed that the dividend declaration is subject to the adoption of a
resolution by LyondellBasell's Management, expected to occur on September 23,
2013. Additionally, the Company informed that in August 2013, LyondellBasell
received a determination from tax authorities in the Netherlands and the UK
that the Company is solely a UK tax resident effective July 1, 2013, and
hence, it will no longer withhold any non-U.S. tax on its dividend payments to
shareholders. The Full Research Report on LyondellBasell Industries NV -
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/dc7c_LYB]

--

ConocoPhillips Research Report 

On September 3, 2013, ConocoPhillips (ConocoPhillips) announced the ruling of
an international arbitration Tribunal in connection to its arbitration
proceedings against Venezuela. According to the Company, the International
Centre for Settlement Disputes (ICSID), an arm of the World Bank ruled that
the Country has unlawfully expropriated ConocoPhillips' significant oil
investments in the Petrozuata and Hamaca heavy crude oil projects and the
offshore Corocoro development project. The Company further added that in doing
so, the Tribunal confirmed its jurisdiction over this dispute. ConocoPhillips
expects that the arbitration process will continue for a period of time in
order to determine compensation owed for ConocoPhillips' substantial
investments. Janet Langford Kelly, Senior Vice President, Legal, General
Counsel and Corporate Secretary, at ConocoPhillips, said, "We welcome this
decision by the Tribunal. This ruling sends a clear message that countries
cannot expropriate their investments without fair compensation." The Full
Research Report on ConocoPhillips - 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/19f9_COP]

--

Continental Resources Inc. Research Report

On September 10, 2013, Continental Resources Inc. (Continental Resources)
issued its operating and financial guidance for full-year 2014. The Company
informed that it expects to increase total crude oil and natural gas
production in the range of 26% to 32% in 2014, while the average daily
production in 2014 is expected to be in the range of 170,000 to 180,000
barrels of oil equivalent (Boe) per day, with an exit rate for December 2014
of approximately 200,000 Boe per day. Continental also expects total
production for 2014 to be 70% crude oil. Lastly, the Company's 2014 budget
reflects 400 net well completions (1,090 gross) with 94% located in the
Company's two key operating areas: the Bakken in North Dakota and Montana and
the South Central Oklahoma Oil Province (SCOOP). W. F. "Rick" Bott, President
and COO at Continental Resources, said, "Finally, Continental's growth plan
for 2014 continues the focus on capital discipline that has been a key part of
our 2013 results, and the Company has set a new goal to reduce average
operated Bakken completed well costs in a range of 3% to 5% by the end of
2014." The Full Research Report on Continental Resources 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/6db9_CLR]

--

Occidental Petroleum Corporation Research Report

On September 10, 2013, Occidental Petroleum Corporation (Occidental) announced
the appointment of Marcia E. Backus as the new Vice President and General
Counsel, effective October 1, 2013. According to the Company, Ms. Backus is
currently a partner at Vinson & Elkins in Houston, Texas, and heads the firm's
Energy Transactions/Projects Practice Group. Occidental's President and CEO,
Stephen I. Chazen, said, "Marcia Backus is one of the preeminent energy
lawyers in the country. We have worked closely with her on multiple oil and
gas transactions over many years. Her extensive industry knowledge and
experience and her familiarity with Oxy and its legal department make her an
outstanding addition to our leadership team." The Full Research Report on
Occidental Petroleum 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/8cf8_OXY]

----

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SOURCE Analysts' Corner

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