2014 Budget, Operations Report, and Open Season Extension - Research Report on Chevron, Schlumberger, ConocoPhillips, Marathon Oil, and Williams Editor Note: For more information about this release, please scroll to bottom PR Newswire NEW YORK, December 16, 2013 NEW YORK, December 16, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting Chevron Corporation (NYSE: CVX), Schlumberger Limited (NYSE: SLB), ConocoPhillips (NYSE: COP), Marathon Oil Corporation (NYSE: MRO), and The Williams Companies, Inc. (NYSE: WMB). 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 December 11, 2013, Chevron Corporation (Chevron) announced a $39.8 billion capital and exploratory investment program for 2014. The Company reported that the 2014 budget is approximately $2 billion lower than expected total investment for 2013. "We expect 2013 will be a relative peak year for investments, as we completed several attractive resource acquisitions. We also anticipate 2014 will represent the peak year for spending on our Australian LNG projects as we move them closer to first production. Overall, we have an attractive portfolio of investment opportunities which we will continue to fund in a disciplined fashion to grow value and shareholder distributions," said John Watson, Chairman and CEO of Chevron. The Company informed that 90% of the budget under the spending program is for upstream crude oil and natural gas exploration and production projects, while another 8% is for Chevron's downstream businesses. 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 -- Schlumberger Limited Research Report On December 10, 2013, Schlumberger Limited (Schlumberger) announced that it will hold a conference call of its Q4 2013 and full-year 2013 results on January 17, 2013, from 9:00 a.m. US Eastern Time to 3:00 p.m. Paris time, to discuss the results. On the same day, the Company will issue a press release prior to the call. The Full Research Report on Schlumberger 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/127c_SLB -- ConocoPhillips Research Report On December 6, 2013, ConocoPhillips announced a $16.7 billion capital expenditures budget for 2014 continuing operations. The Company informed that approximately 55% of the budget is allocated to North America, while the other 45% is assigned to Europe, Asia Pacific, and other international businesses. In addition, the Company also announced that it is on track to achieve its previously announced 2014 annual average production target of approximately 1.6 million barrels per day from continuing operations. The Company further informed that further details on its investment programs will be provided by ConocoPhillips representatives at its annual analyst meeting on April 10, 2014 in New York, wherein they will discuss the Company's strategic plans for growth and value creation. 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 -- Marathon Oil Corporation Research Report On December 11, 2013, Marathon Oil Corporation (Marathon Oil), on the event of its Investor Day, provided a comprehensive report on the Company's global operations. According to the report, the Company plans to accelerate Eagle Ford and Bakken rig activity by 20% each, and 100% rig activity increase is planned for Oklahoma Woodford. In addition, Marathon Oil plans to market the UK and Norway assets to continue its portfolio optimization strategy. The Company has also secured Board's authorization to increase the remaining share repurchase authorization to $2.5 billion. 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 -- The Williams Companies, Inc. Research Report On December 9, 2013, Bluegrass Pipeline LLC (Bluegrass Pipeline), a joint venture between The Williams Companies, Inc. (Williams) and Boardwalk Pipeline Partners, LP (Boardwalk), has announced that it is extending its binding Open Season, which began on October 29, 2013 at 8:00 a.m. CDT, until January 17, 2014 at 5:00 p.m. CST. Bluegrass Pipeline noted that the extension is in response to requests of interested shippers who would like additional time to evaluate the pipeline project and the project's market outlet options. "We are pleased with the quality of interest shown thus far by producers that are active in the Utica and Marcellus shale plays. Extending our open season provides potential shippers with more time to evaluate how our proposed project fits their growing needs for NGL transport, fractionation, export and other end-use market options," said John Haynes, Senior Vice President and Chief Commercial Officer of Boardwalk. The Full Research Report on The Williams Companies, 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/3c41_WMB ---- 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 make mistakes. 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2014 Budget, Operations Report, and Open Season Extension - Research Report on Chevron, Schlumberger, ConocoPhillips, Marathon
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