Favorable Tribunal Awards, Important Oil Discoveries, Production Commencements, Flood Relief Efforts, and Share Distributions - Research Report on Chevron, BP, Total, Encana, and Statoil Editor Note: For more information about this release, please scroll to bottom. PR Newswire NEW YORK, September 23, 2013 NEW YORK, September 23, 2013 /PRNewswire/ -- Today, Investors' Reports announced new research reports highlighting Chevron Corporation (NYSE: CVX), BP plc (NYSE: BP), Total SA (NYSE: TOT), Encana Corporation (NYSE: ECA), and Statoil ASA (NYSE: STO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Chevron Corporation Research Report On September 18, 2013, Chevron Corporation (Chevron) announced that an arbitration tribunal issued a Partial Award in favor of the Company and its subsidiary, Texaco Petroleum Company (TexPet). According to Chevron, the Tribunal found that the Settlement and Release Agreements that the government of Ecuador entered into with TexPet released TexPet and its affiliates of any liability for all public interest or collective environmental claims. Hewitt Pate, Vice President and General Counsel of Chevron, commented, "The game is up. This award by an eminent international tribunal confirms that the fraudulent claims against Chevron should not have been brought in the first place. It is now beyond question that efforts by American plaintiffs' lawyers and the government of Ecuador to enforce this fraudulent judgment violate Ecuadorian, U.S., and international law. Continuing to support this fraud only increases the government of Ecuador's growing liability to Chevron and we urge Ecuador to reconsider its position and pursue a more responsible course." The Full Research Report on Chevron Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-18/CVX] -- BP plc Research Report On September 9, 2013, BP plc (BP) announced an important gas discovery in the East Nile Delta. BP reported that the Salamat deepwater exploration well was drilled using the sixth generation semi-submersible rig "Maersk Discoverer" in water depth of 649 meters and reached a total depth of around 7,000 meters. The Company added that Salamat is the deepest well ever drilled in the Nile Delta. Mike Daly, Executive Vice President Exploration at BP, stated, "Success with Salamat proves hydrocarbons in the centre of a 50-km long structure. With a hydrocarbon column in excess of 180 metres, the discovery increases our confidence in the materiality of the deep Oligocene play in the East Nile Delta." Hesham Mekawi, BP Egypt Regional President, added, "The Salamat discovery is a great outcome for our first well in this core exploration programme in the East Nile Delta. It shows our commitment to meeting Egypt's energy needs by exploring the deep potential offshore the Nile Delta. Standalone and tie-back to the nearby Temsah infrastructure development options are currently being evaluated." The Full Research Report on BP plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-18/BP] -- Total SA Research Report On September 11, 2013, Total SA (Total) and its co-venturers announced the commencement of production from the Kashagan field, located in the Kazakh sector of the Caspian Sea. According to the Company, the Phase 1 output is expected to average 300,000 barrels per day at plateau. Total informed that the project commenced in 2004 and the Company had to resolve a series of challenges in logistics, technology, and environment before it started the Phase 1 first oil production. 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.InvestorsReports.com/report/2013-09-18/TOT] -- Encana Corporation Research Report On September 18, 2013, Encana Corporation (Encana) announced its $250,000 donation to support disaster relief and recovery efforts in the flood-ravaged Front Range of Colorado. Encana reported that it will issue cash grants to various charities active in the efforts in Weld and Boulder Counties, including the flood relief funds established by Weld County United Way and Foothills United Way. The Company stated that Encana will also match its employee donations to registered charities up to $25,000 per employee as part of the Company's matching gifts program. Doug Suttles, President and CEO of Encana, said, "Encana is committed to assisting with the hard work and relief efforts already underway to mitigate the widespread impact of this flooding. Many staff in our Denver and Front Range offices have been directly impacted; we're pledging our support to these colleagues as well as everyone else affected by these devastating events." The Full Research Report on Encana Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-18/ECA] -- Statoil ASA Research Report On September 17, 2013, Statoil ASA (Statoil) announced that the shares purchased by DNB on behalf of the Company on September 13, 2013 for use in the group's share saving plan have been distributed to the employees on September 17, 2013 in accordance with their savings amount. According to Statoil, following the aforementioned distribution of shares, the share saving plan has 8,830,656 shares. 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.InvestorsReports.com/report/2013-09-18/STO] ---- EDITOR NOTES: 1.This is not company news. 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Favorable Tribunal Awards, Important Oil Discoveries, Production Commencements, Flood Relief Efforts, and Share Distributions -
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