Energy Sector Volume Sizzlers – Exxon Mobil (XOM), Chevron (CVX), Schlumberger (SLB), Total SA (ADR) (TOT), Halliburton (HAL)

Energy shares were elevated in pre-market trade Wednesday as crude oil futures gained. Light, sweet crude oil for March delivery moved to higher value of 0.3% at $46.72 per barrel. In other energy outlooks, heating oil was up 0.5% at $1.59 per gallon while natural gas was up 5.2% at $2.78 British thermal units.

Exxon Mobil Corporation (NYSE:XOM) remained a volume gainer of 2.75 million shares and the average volume of the stock remained 17.38 million shares. The stock opened the session at $91.74 and was recently trading at $91.58 and the stock escalated 0.54%. Exxon Mobil Corporation (NYSE:XOM) recently declared that production has started at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed. Peak daily production from the field is expected to reach 90,000 barrels. The field, located off the northeast coast of Sakhalin Island in the Russian Far East, will bring total daily production at Sakhalin-1 to more than 200,000 barrels. The other two fields – Chayvo and Odoptu – began production in 2005 and 2010, correspondingly.

Exxon Mobil Corporation (NYSE:XOM), explores and produces for crude oil and natural gas. As of December 31, 2013, the company had approximately 37,661 gross and 31,823 net operated wells.

In the recent trading session, Chevron Corporation (NYSE:CVX) exchanged 1.98 million shares and the average volume remained 10.33 million shares. The stock, in the current trading session, was at $107.46, with the gain of 0.93%. Chevron Corporation (NYSE:CVX) recently declared its Australian subsidiaries have entered into a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period opening in 2017.

Chevron Corporation (NYSE:CVX), through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.

Schlumberger Limited (NYSE:SLB) enhanced 1.55% and its trading price was $81.73 recently. The volume of the stock was 2.08 million shares and the average volume remained 10.41 million shares. Schlumberger Limited (NYSE:SLB) recently reported results for the full-year and fourth-quarter 2014. Schlumberger CEO Paal Kibsgaard commented, “Full-year 2014 income of $48.6 billion amplified 7% year-on-year and grew for the fifth consecutive year. Performance was driven by North America where income grew 16%, while International Area growth of 4% was led by a 10% increase in Middle East & Asia Area revenue. Full-year pretax operating income grew by 13%, with pretax operating margin mounting 113 basis points to 21.8%. International margin expanded by 168 basis points to reach 23.9%, reflecting an incremental operating margin of 69%.

Schlumberger Limited (NYSE:SLB), together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide.

Total SA (ADR) (NYSE:TOT) exchanged 2.41million shares in the recent trading session, and its average trading remained 2.36 million shares. TOT advanced 2.75% and was trading at $51.65. Total SA (ADR) (NYSE:TOT) has initiated gas and condensate production from the West Franklin Phase 2 project in the Central Graben area of the UK North Sea. The project will supply 40,000 barrels of oil equivalent per day (boe/d) to the Elgin/Franklin hub. “With the start-up of the West Franklin Phase 2 project, Total consolidates the production capacity of its operated Elgin/Franklin hub. The hub holds major reserves as well as promising exploration opportunities”, outlined Michael Borrell, Total’s Senior Vice President Exploration & Production, Europe and Central Asia.

Total SA (ADR) (NYSE:TOT), together with its subsidiaries, operates as an oil and gas company worldwide. The company operates in three segments: Upstream, Refining & Chemicals, and Marketing & Services.

Halliburton Company (NYSE:HAL) remained a volume gainer of 4.83 million shares and the average volume of the stock remained 22.30 million shares. The stock opened the session at $40.23 and was recently trading at $40.77and the stock escalated 2.33%. Halliburton Company (NYSE:HAL) declared that revenue from ongoing operations for the fourth quarter of 2014 was $1.0 billion, or $1.19 per diluted share, exclusive of restructuring charges of $90 million, after-tax, or $0.11 per diluted share, and Baker Hughes acquisition-related costs of $19 million, after-tax, or $0.02 per diluted share. This contrasts to income from ongoing operations for the third quarter of 2014 of $1.0 billion, or $1.19 per diluted share, excluding Macondo-related items.

Halliburton Company (NYSE:HAL) provides a range of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies worldwide.

source: http://www.wsnewspublishers.com/basic-material/volume-sizzlers-exxon-mobil-xom-chevron-cvx-schlumberger-slb-total-sa-adr-tot-halliburton-hal/