Statoil ASA (ADR) (NYSE:STO) Norway’s biggest oil company, is preparing to deepen cuts to investment, operating expenses and staff in a bid to generate an extra $5 billion of cash a year. The state-controlled explorer wants to meet that target for additional pretax cash flow by 2020 by reducing capital expenditure by as much as 25 percent, trimming operating costs by 15 percent and eliminating 20 percent of its technical staff, according to internal documents seen by Bloomberg News. Statoil ASA (ADR) (NYSE:STO) net profit margin is 9.80% and weekly performance is -1.34%. On last trading day company shares ended up $30.24. Analysts mean target price for the company is $30.41. Statoil ASA (ADR) (NYSE:STO) distance from 50-day simple moving average (SMA50) is 5.44%.
Seadrill Ltd (NYSE:SDRL) has through market purchases executed on June 3, repurchased 200,000 of the Company’s own common stock at an average price of NOK232.3 per share. Seadrill Ltd (NYSE:SDRL) shares fell -0.18% in last trading session and ended the day on $38.95. Gross Margin is 57.70% and its return on assets is 11.30%. Seadrill Ltd (NYSE:SDRL) quarterly performance is 7.54%.
Royal Dutch Shell plc (ADR) (NYSE:RDS.A) confirms that Simon Henry, a Director of the Company, has been appointed a Non-executive Director of Lloyds Banking Group plc with effect from June 26, 2014. Royal Dutch Shell plc (ADR) (NYSE:RDS.A) shares moved down -1.22% in last trading session and was closed at $78.39, while trading in range of $78.28 – $78.80.
BP PLC (ADR) (NYSE:BP) on Tuesday fired off a rapid response to claimants fighting its U.S. Supreme Court bid to halt payouts from its estimated $9.2 billion Deepwater Horizon deal, urging the justices to maintain a settlement freeze that if lifted could inflict significant financial harm upon the oil giant. BP plc (ADR) (NYSE:BP) ended the last trading day at $50.07. Company weekly volatility is calculated as 0.52% and price to cash ratio as 5.53. BP plc (ADR) (NYSE:BP) showed a negative weekly performance of -1.18%.
International oil and gas major TOTAL S.A. (ADR) (NYSE:TOT) has decided to shed its 10% interest in the Shah Deniz field and the South Caucasus Pipeline in Azerbaijan to Turkish state-owned E&P company, TPAO. The transaction, subject to customary approval, will boost TOTAL’s liquidity by $1.5 billion. TOTAL has a presence in this country for nearly two decades. Total SA (ADR) (NYSE:TOT) net profit margin is 5.60 % and weekly performance is -1.58%. On last trading day company shares ended up $68.55. Analysts mean target price for the company is $72.40. Total SA (ADR) (NYSE:TOT) distance from 50-day simple moving average (SMA50) is 0.70%.