Drilling Updates and Revenue Growth Despite Slow Economic Recovery - Research Report on Chevron, Statoil, EQT Midstream

Drilling Updates and Revenue Growth Despite Slow Economic Recovery - Research
   Report on Chevron, Statoil, EQT Midstream Partners, PetroChina, and Eni

PR Newswire

NEW YORK, November 12, 2013

NEW YORK, November 12, 2013 /PRNewswire/ --

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

Today, Analysts' Corner announced new research reports highlighting Chevron
Corporation (NYSE: CVX), Statoil ASA (NYSE: STO), EQT Midstream Partners LP
(NYSE: EQM), PetroChina Company Limited (NYSE: PTR), and Eni SpA (NYSE: E).
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 November 1, 2013, Chevron Corporation (Chevron) reported Q3 2013 financial
results. In Q3 2013, the Company reported sales and other operating revenues
of $57 billion, up 1.7% YoY. In Q3 2013, the Company posted net income
attributable to Chevron of $5.0 billion, or $2.57 per diluted share, compared
with $5.3 billion or $2.69 per diluted share, in Q3 2012. "We continue to make
good progress on our major capital projects," said John Watson, Chairman and
CEO of Chevron. "Construction continues, and important milestones are being
reached, on our Gorgon and Wheatstone LNG projects in Australia. Important
interim construction goals have been recently reached for our Jack/St. Malo
and Big Foot deepwater projects in the Gulf of Mexico, in preparation for
their project start-ups scheduled for late 2014. We are also moving forward on
the development of our liquids-rich unconventional properties in the United
States." 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.analystscorner.com/r/full_research_report/d042_CVX]

Statoil ASA Research Report

On November 7, 2013, Statoil ASA (Statoil) announced that it intends to drill
20-25 exploration wells on the Norwegian continental shelf (NCS) in 2014, of
which approximately two-thirds will be operated by the Company. "Statoil's
exploration success rate on the Norwegian continental shelf has been over 70%
the last five years, compared to an industry average of 49%," said Gro G.
Haatvedt, Senior Vice President for NCS exploration at Statoil. Further, the
Company also announced that it will continue the exploration campaign in the
Barents Sea in 2014 with five to seven new wells. 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.analystscorner.com/r/full_research_report/d198_STO]

EQT Midstream Partners LP Research Report

On October 24, 2013, EQT Midstream Partners LP (EQT Midstream Partners)
reported Q3 2013 financial results. In Q3 2013, the Company generated total
operating revenues of $45.9 million, up 33.2% YoY due to increased contracted
transmission capacity associated with Sunrise and Blacksville compressor
station and higher system throughput related to growth in Marcellus Shale
development. Q3 2013 net income was $27.7 million, up 73.7% YoY. For full-year
2013, EQT Midstream Partners expects adjusted EBITDA of $118 million, and
distributable cash flows of $100 million. The Full Research Report on EQT
Midstream Partners LP - 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/ef2e_EQM]

PetroChina Company Limited Research Report

On October 29, 2013, PetroChina Company Limited (PetroChina) reported
financial results for Q3 2013 and 9M 2013. For Q3 2013, operating income was
RMB581.7 billion, up 5.5% YoY. Q3 2013 net profit attributable to equity
holders of PetroChina was RMB29.8 billion, or diluted EPS of RMB0.16, compared
with RMB24.9 billion, or diluted EPS of RMB0.14, in Q3 2012. In 9M 2013, the
Company recorded turnover of RMB1.7 trillion, up 5.3% YoY. 9M 2013 net profit
attributable to the shareholders of the Company was reported to be
approximately RMB95.3 billion, up 9.6% YoY, with diluted EPS of RMB0.52. The
Full Research Report on PetroChina Company Limited - 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/dc96_PTR]

Eni SpA Research Report

On November 5, 2013, Eni SpA (Eni) announced that it has signed an agreement
with Quicksilver Resources (Quicksilver) to jointly evaluate, explore, and
develop unconventional oil reservoirs (shale oil) onshore US. Under the terms
of the agreement, Eni will earn a 50% share in the 52,500 gross acres held by
Quicksilver in the Leon Valley area. Eni further informed that the terms also
indicated an initial three phase program, including the drilling of up to five
exploration wells and the acquisition of a 3D seismic survey to determine the
hydrocarbon potential of the area and the subsequent development plan. The
Full Research Report on Eni SpA - 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/c3ef_E]

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