Petrobras Brasileiro Petrobras SA (ADR) (NYSE:PBR) announced that, on March 4, production at Cascade and Chinook fields hit 40,000 barrels per day. This figure represents a new production record for the fields, which produce through three wells in Cascade and two wells in Chinook. This achievement is due to the start-up of two new wells, Chinook-5 and Cascade-6, which added 28,000 barrels per day to the previous production of 12,000 barrels per day. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock opened at $11.15 in last session, and closed at $10.90, while the day range of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock is $10.79 – $11.17. The stock showed a positive weekly performance of -2.68%.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) has shed 3.9% yesterday to linger near $32.51, despite saying that a power shortage in the Republic of Congo will have no immediate impact on its current operations. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) stock opened at $33.31 in last session, and closed at $32.19 by losing -4.85%. The 52 week range of $26.37 – $38.09. Company’s market capitalization is $33.41 billion.
Exxon Mobil Corporation (XOM) held its annual analyst meeting for 2014 in New York yesterday. Following the meeting, the Texas-based company’s stock dropped 2.8% owing to the weak outlook provided by the company for production during the year. Exxon Mobil Corporation (NYSE:XOM) stock increased 1.31% and finished the last session at $94.99. The EPS of the stock remained 7.37. Company’s market capitalization is $414.25 billion.
SandRidge Energy (NYSE:SD) was upgraded by investment analysts at Stephens to an “overweight” rating in a note issued to investors on Friday, Stock Ratings News reports. SandRidge Energy Inc. (NYSE:SD) stock opened the session at $6.33, and closed the session at $6.45. The 52 week range of the SandRidge Energy Inc. (NYSE:SD) stock remained $4.52 – $6.96 and the day range was $6.20 – $6.45.