Increased Ownership Stakes, Reaffirmed Growth Strategies, Segment Reorganization, and TRS Agreements - Analyst Notes on Schlumberger, Chevron, National Oilwell Varco, Kinder Morgan, and Seadrill

Thu Mar 20, 2014 8:00am EDT

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Increased Ownership Stakes, Reaffirmed Growth Strategies, Segment Reorganization, and TRS Agreements - Analyst Notes on Schlumberger, Chevron, National Oilwell Varco, Kinder Morgan, and Seadrill

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NEW YORK, March 20, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Schlumberger Limited (NYSE: SLB), Chevron Corporation (NYSE: CVX), National Oilwell Varco, Inc. (NYSE: NOV), Kinder Morgan, Inc. (NYSE: KMI), and Seadrill Limited (NYSE: SDRL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at:


Schlumberger  Limited  Analyst  Notes

On March 13, 2014, Schlumberger Limited (Schlumberger) announced the purchase of the remaining shares of SES Holdings Limited (Saxon) from First Reserve and certain members of Saxon management. "Since our initial investment in 2008, Saxon's land drilling rigs have provided Schlumberger with an excellent integration platform, allowing us to further optimize the drilling process in major projects around the world," said Paal Kibsgaard, CEO of Schlumberger. "The conversion of our minority share in Saxon into full ownership is in line with our integrated well construction and production management business growth plans." The transaction is subject to customary closing conditions, including the receipt of regulatory approvals. The full analyst notes on Schlumberger Limited are available to download free of charge at:


Chevron  Corporation  Analyst  Notes

On March 11, 2014, Chevron Corporation (Chevron) issued a press release stating that the Company is continuing to generate industry-leading operational and financial results and advancing key projects to drive future growth. George Kirkland, Chevron's Vice Chairman and Executive Vice President, Upstream, stated that the Company's upstream business in 2013 marked yet another year where it led the industry on multiple upstream financial metrics, including earnings and cash unit margins. Commenting on the future outlook, John Watson, Chairman and CEO of Chevron said, "World energy demand continues to grow and the outlook for the energy business remains excellent. Our strategies are sound, and we're poised to deliver significant production growth through the end of the decade. We believe this compelling growth profile, combined with flattening capital spending levels these next few years, should serve as a strong catalyst for value creation for our shareholders in the years ahead." The full analyst notes on Chevron Corporation are available to download free of charge at:


National  Oilwell  Varco,  Inc.  Analyst  Notes

On March 12, 2014, National Oilwell Varco, Inc. (National Oilwell Varco) announced its reorganization into four financial reporting segments, effective April 1, 2014. The Company informed that the new segments will be Rig Systems, Rig Aftermarket, Completion & Production Solutions, and Wellbore Technologies. National Oilwell Varco stated that it intends to issue historical financial results for the four new reporting segments during Q2 2014. Further, the Company also informed that it will continue to report the results of its Distribution business group until the completion of the previously announced spinoff of that business as a separately traded public company. The full analyst notes on National Oilwell Varco, Inc. are available to download free of charge at:


Kinder  Morgan,  Inc.  Analyst  Notes

On March 14, 2014, Kinder Morgan, Inc. (Kinder Morgan) announced that it is reconfirming its 2014 financial dividend and distribution guidance for the Kinder Morgan companies. As previously announced, KMI expects to declare dividends of $1.72 per share for 2014, which represents an 8% YoY increase. Commenting on the future outlook, Chairman and CEO Richard D. Kinder stated, "2014 is off to a great start and the future outlook for the Kinder Morgan companies remains very bright. We have identified approximately $14.8 billion in expansion and joint venture investments that we are confident will contribute to our growth, and we are pursuing customer commitments for many more projects." The full analyst notes on Kinder Morgan, Inc. are available to download free of charge at:


Seadrill  Limited  Analyst  Notes

On March 17, 2014, Seadrill Limited (Seadrill) announced that it has entered into a new TRS agreement with exposure to 750,000 Seadrill common shares. The Company informed that the expiry date for the new TRS is June 3, 2014, and the reference price is (Norwegian Krone) NOK201.6549 per share. In addition, Seadrill also stated that it has further outstanding TRS agreements with exposure to 750,000, 1.4 million, and 1.6 million Seadrill common shares with expiry dates of June 3, 2014, and reference prices of NOK212.63, NOK224.75, and NOK220.07 per share, respectively. The full analyst notes on Seadrill Limited are available to download free of charge at:


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