French oil company Total SA (ADR) (NYSE:TOT) announced that it has invested £30 million in the UK’s shale gas industry, taking advantage of reserves of shale gas across the Channel after the technology was banned on its own soil. Total SA (ADR) (NYSE:TOT) stock opened at $58.88 in current trading session, and trading at $58.75, trading in the range of $58.65 – $58.92. The stock showed a positive weekly performance of -1.46%.
ConocoPhillips (NYSE:COP) provided an update on fourth-quarter production guidance. The recent quarter’s average production was negatively impacted by significant weather-related downtime in several operational areas, notably in the Lower 48 and the North Sea. As a result, fourth-quarter production for continuing operations is expected to be approximately 1,475 thousand barrels of oil equivalent per day (MBOED). There has been no long-term impact to production from this weather-related downtime and 2014 guidance for continuing operations remains unchanged at approximately 1,600 MBOED. ConocoPhillips (NYSE:COP) shares trading at $67.82 on current trade day, by gaining 0.12%. Stock 52 week range is $56.38 – $74.59. Company’s market capitalization is $83.16 billion.
Exxon Mobil Corporation (NYSE:XOM) has completed the expansion of its Singapore chemical production facility. The Singapore chemical facility, which now accounts for about one-quarter of ExxonMobil’s global chemical capacity, incorporates more than 40 new proprietary technologies and is designed to be one of Exxon Mobil Corporation (NYSE:XOM)’s most energy efficient and flexible sites. Exxon Mobil Corporation (NYSE:XOM) stock advanced 0.28% and currently trading at $98.81. The EPS of the stock remained 7.65. Company’s market capitalization is $432.49 billion.
Chevron Corporation (NYSE:CVX) announces its U.K. subsidiary, Chevron North Sea, has reached a final investment decision and received approval from the U.K. government to proceed with the development of the Alder Field in the Central North. Chevron Corporation (NYSE:CVX) stock opened at $119.40 in current trading session and trading at $119.04. The 52 week range of the stock is $111.35 – $127.83 and the day range was $118.80 – $119.50.
BP plc (ADR) (NYSE:BP) ‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Tuesday, American Banking & Market News reports. They currently have a GBX 520 ($8.57) price objective on the stock. Deutsche Bank’s price target suggests a potential upside of 4.88% from the company’s current price. BP plc (ADR) (NYSE:BP) shares trading at $48.18 on current trade day, by gaining 0.06%. Stock 52 week range is $39.99 – $49.20. Company’s market capitalization is $150.88 billion.
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