Philanthropic Activities, Production Updates, and Financial Results - Research Report on ExxonMobil, MPC, Weatherford, ConocoPhillips, and Seadrill

Fri Nov 29, 2013 8:01am EST

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Philanthropic Activities, Production Updates, and Financial Results - Research Report on ExxonMobil, MPC, Weatherford, ConocoPhillips, and Seadrill

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

PR Newswire

NEW YORK, November 29, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Exxon Mobil Corporation (NYSE: XOM), Marathon Petroleum Corp. (NYSE: MPC), Weatherford International Ltd. (NYSE: WFT), ConocoPhillips (NYSE: COP), and Seadrill Ltd. (NYSE: SDRL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Exxon Mobil Corporation Research Report

On November 20, 2013, Exxon Mobil Corporation (ExxonMobil) announced that the Company will donate $100,000 to the American Red Cross to provide disaster relief assistance for the victims of tornadoes in Illinois and across the Midwest. The Company added that the American Red cross Disaster Relief Fund is providing food, shelter, and supplies across five states to help those affected by the tornadoes and severe weather. Rick Szalach, Manager of ExxonMobil's Refinery in Joliet, Illinois, said, "We extend our heartfelt sympathies to all who have been impacted by the devastating tornadoes. It is our hope that this contribution to the Red Cross will make a meaningful difference in the affected communities." The Full Research Report on Exxon Mobil 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/36c4_XOM

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Marathon Petroleum Corp. Research Report

On November 25, 2013, Marathon Petroleum Corp. (MPC) and Enbridge Energy Partners, L.P. announced that the Company will serve as an anchor shipper for the Sandpiper project. According to the Company, it will fund 37.5% of the construction of the Sandpiper Project, which will become part of Enbridge Energy Partners' North Dakota System when it is completed. MPC informed that it will earn an approximate 27% interest in Enbridge Energy Partners' North Dakota System when Sandpiper is placed into service in exchange for MPC's commitment to participate in the open season for Sandpiper and its investment in the project. MPC expects Sandpiper to be operational by early 2016. The Full Research Report on Marathon Petroleum Corp. - 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/cd30_MPC

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Weatherford International Ltd. Research Report

On November 26, 2013, Weatherford International Ltd. (Weatherford) announced that the Company has resolved previously disclosed investigations by the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC), and the U.S. Departments of Treasury and Commerce. Weatherford reported that it will pay a total amount of $253 million to resolve the cases, a sum that had been previously accrued and announced in the Company's securities filings. The Company added that all of the terms of the resolution are subject to judicial approval. Bernard J. Duroc-Danner, Chairman, President and CEO of Weatherford, said, "This matter is now behind us. We move forward fully committed to a sustainable culture of compliance. With the internal policies and controls currently in place, we maintain a best-in-class compliance program and uphold the highest of ethical standards as we provide the industry's leading products and services to our customers worldwide." The Full Research Report on Weatherford International Ltd. - 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/c672_WFT

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ConocoPhillips Research Report

On November 20, 2013, ConocoPhillips (ConocoPhillips) announced first gas production from the Jasmine field in the United Kingdom, Central North Sea on November 19, 2013. According to ConocoPhillips, Jasmine was discovered in 2006 by the Company as Operator (36.5%), together with its co-venturers Eni (33%) and BG Group (30.5%), and is one of the UK's largest discoveries in the last 10 years. ConocoPhillips informed that the Jasmine facility has the gross capacity to produce 140,000 barrels of oil equivalent per day (BOED). ConocoPhillips expects net production to be approximately 40,000 BOED in 2014. Matt Fox, Executive Vice President, Exploration and Production, said, "The startup of Jasmine represents another important milestone for ConocoPhillips and builds upon the recent successful startup of Ekofisk South in Norway and the Christina Lake Phase E oil sands project in Canada. Jasmine is one of several major growth projects that will contribute to ConocoPhillips' 3 to 5 percent production growth rate through 2017." 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

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Seadrill Ltd. Research Report

On November 25, 2013, Seadrill Ltd. (Seadrill) announced its Q3 2013 financial results. The Company's total operating revenues increased 17.2% YoY to $1.3 billion during the quarter. According to the Company, this increase is primarily due to the inclusion of Sevan Drilling jack-up rigs AOD II and West Tucana, and tender rigs T-15 and T-16 entering the fleet, offset by the disposal of the tender rig fleet. Net income increased 45.8% YoY to $315 million and diluted earnings per share increased 50.0% to $0.60 in Q3 2013. The Full Research Report on Seadrill Ltd. - 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/9d74_SDRL

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