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] EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to making mistakes. 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Drilling Updates and Revenue Growth Despite Slow Economic Recovery - Research Report on Chevron, Statoil, EQT Midstream
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