2014 Budget, Operations Report, and Open Season Extension - Research Report on Chevron, Schlumberger, ConocoPhillips, Marathon

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

----

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