Sales Agreement, Divestiture, Dividend, Share Repurchasing, New Organizational Structure, and Patent - Research Report on

Sales Agreement, Divestiture, Dividend, Share Repurchasing, New Organizational
Structure, and Patent - Research Report on Chevron, Suncor Energy, Murphy Oil,
                            Encana, and Ecopetrol

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PR Newswire

NEW YORK, October 8, 2013

NEW YORK, October 8, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Chevron
Corporation (NYSE: CVX), Suncor Energy Inc. (NYSE: SU), Murphy Oil Corporation
(NYSE: MUR), Encana Corporation (NYSE: ECA), 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.

Chevron Corporation Research Report

On October 1, 2013, Chevron Corporation (Chevron) announced the signing of
long-term Sales and Purchase Agreements (SPAs) between its Australian
subsidiaries and Tohoku Electric Power Company, Inc. (Tohoku), to supply
liquefied natural gas (LNG) from the Chevron-operated Wheatstone Project in
Western Australia. Chevron reported that under the terms of the agreement, its
subsidiaries, along with Apache Energy's subsidiaries and Kuwait Foreign
Petroleum Exploration Company, will supply 0.9 million tonnes per annum of LNG
to Tohoku for up to 20 years. Joe Geagea, President, Chevron Gas and
Midstream, stated, "These agreements with Tohoku create a new partnership
between our companies and demonstrate the benefits of buyers and sellers
working together to ensure supply is brought to the market to meet growing LNG
demand." The Full Research Report on Chevron Corporation - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:

Suncor Energy Inc. Research Report

On September 26, 2013, Suncor Energy Inc. (Suncor Energy) announced the
closure of a previously announced transaction in connection to the sale of a
majority of its conventional natural gas business in Western Canada to CQ
Energy Canada Partnership. Suncor Energy reported that the transaction stands
in line with the Company's strategy to focus on a core portfolio of high
return, oil producing assets and includes properties situated across multiple
regions in Alberta, northeast British Columbia, and southern Saskatchewan,
excluding majority of Suncor's unconventional Montney natural gas properties
in the Fort St. John region of British Columbia and the Company's Wilson
Creek, Alberta unconventional oil assets. The Company stated that the $1
billion sale price is subject to closing adjustments typical of transactions
of this nature and is based on an effective date of January 1, 2013. The Full
Research Report on Suncor Energy Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: []

Murphy Oil Corporation Research Report  

On October 2, 2013, Murphy Oil Corporation (Murphy Oil) announced that its
Board of Directors has declared a quarterly cash dividend of $0.31 per common
share, or $1.25 per common share on an annualized basis, on the Common Stock
of the Company. Murphy Oil reported that the dividend is payable on December
2, 2013 to shareholders of record as on November 15, 2013. The Company also
informed that under a share repurchase program of up to $1 billion of common
stock, authorized by its Board of Directors in October 2012, Murphy Oil has so
far repurchased slightly over 8 million shares at a total cost of $500
million, and its board has extended the expiration date of its repurchase
program to April 15, 2014. The Full Research Report on Murphy Oil Corporation
- including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:

Encana Corporation Research Report

On October 1, 2013, Encana Corporation (Encana) announced its new
organizational structure and the members of its Senior Management Team,
expected to be effective by the end of 2013. According to Encana, it has
appointed Mike McAllister as Executive Vice-President & Chief Operating Office
and David Hill as Executive Vice-President, Exploration and Business
Development of the Company. Meanwhile, it informed about continuity of
services by Sherri Brillon as Executive Vice-President and Chief Financial
Officer; Renee Zemljak as Executive Vice-President, Midstream, Marketing and
Fundamentals; Terry Hopwood as Executive Vice-President and General Counsel;
and Ryder McRitchie as Vice-President, Investor Relations and Communications.
The Company also reported the retirement of Jeff Wojahn, Executive
Vice-President and President of the USA Division; Eric Marsh, Executive
Vice-President, Natural Gas Economy and Senior Vice-President, USA Division;
Bill Stevenson, Executive Vice-President and Chief Accounting Officer; Bob
Grant, Executive Vice-President, Corporate Development, EH&S and Reserves; and
Bill Oliver, Executive Vice-President and Chief Corporate Officer. The Full
Research Report on Encana Corporation - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: []

Ecopetrol SA Research Report 

On September 30, 2013, Ecopetrol SA (Ecopetrol) announced that the China
Patent Office (SIPO) has granted Invention patent to the technology "Process
for production of vanadium traps by impregnation and vanadium trap produced by
said process." According to Ecopetrol, the recently bagged patent marks the
Company's first patent received in China, the second one granted at
international level in 2013 and the sixth obtained in 2013. The Company
further informed that the recognition is valid for 20 years as of July 7,
2009, and this technology had already been granted a patent from the Industry
and Trade Superintendece of Colombia. The Company reported that the vanadium
traps, developed by Ecopetrol at the Colombian Petroleum Institute (ICP),
consist in additives that prevent vanadium's destructive action whose metallic
compounds reduce the yield of valuable products such as LPG (liquefied
petroleum gas) and gasoline. Ecopetrol stated that the technology is
applicable in processing of heavy crude, a business in which Ecopetrol has
concentrated efforts to develop a competitive edge to become leader in the
hydrocarbon industry. The Full Research Report on Ecopetrol SA - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:


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