Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) recently announced about the completion of formation test at its 1-SPS-98 well which is located offshore São Paulo. The company confirmed existence of good quality oil in the Santos Basin as evident from the test results. The well is at water depth of around 1,870 meters and the latest results confirm Petrobras’ discovery declared back in February 2013.Petrobras reached a depth of approximately 7,110 meters while drilling and found 159 meters pre-salt reservoirs. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) net profit margin is 8.50% and weekly performance is -2.67%. On last trading day company shares ended up $14.58. Analysts mean target price for the company is $18.74. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) distance from 50-day simple moving average (SMA50) is 5.85%.
ConocoPhillips (NYSE:COP) had its price objective raised by Societe Generale from $79.00 to $90.00 in a research report released on Wednesday morning. ConocoPhillips (NYSE:COP) shares fell -0.03% in last trading session and ended the day on $79.55. COP gross Margin is 45.20% and its return on assets is 7.70%.ConocoPhillips (NYSE:COP) quarterly performance is 21.14%.
BP Plc (ADR) (NYSE:BP) has asked U.S. Supreme Court Justice Antonin Scalia to allow the company to avoid making payments to businesses demanding compensation for the 2010 Gulf of Mexico oil spill while litigation continues. BP plc (ADR) (NYSE:BP) shares moved down -0.04% in last trading session and was closed at $50.65, while trading in range of $50.59 – $50.78. BP plc (ADR) (NYSE:BP) year to date (YTD) performance is 6.65%.
Chevron Corporation (NYSE:CVX) will grow its daily production to 3.1 million barrels of oil-equivalent per day by 2017, reflecting an increase of 20 per cent from that of last year. Chevron Corporation (NYSE:CVX) ended the last trading day at $122.32. Company weekly volatility is calculated as 0.84% and price to cash ratio as 14.39.Chevron Corporation (NYSE:CVX) showed a negative weekly performance of -1.48%.
New World Gold Corp (OTCMKTS:NWGC) reported on 23 may, revenue for the First Quarter ended March 31, 2014 was $2,488,516 versus $1,673,919 last year. This is an increase of $814,597 (48.7%). The net profit for the first quarter ended March 31, 2014 was $750,608 versus $378,164 last year, an increase of $372,444 (98%).On last trading day company shares ended up $0.0085.