SOURCE: StockCall

StockCall

March 29, 2011 09:24 ET

Research on Chevron Corp. and ConocoPhillips -- Oil Companies Look to Increase Production Outside the Middle East

JOHANNESBURG, SOUTH AFRICA--(Marketwire - March 29, 2011) -  www.stockcall.com/ offers investors comprehensive research on the Major Integrated Oil & Gas industry and has completed analytical research on Chevron Corp. (NYSE: CVX) and ConocoPhillips (NYSE: COP). Register with us today at www.stockcall.com/ to have free access to these researches. 

Crude oil prices are still rising as the conflict in Libya continues. Libya is the 12th largest exporter of crude oil, and production has been hindered by airstrikes damaging infrastructure and many workers not showing up. The rising cost of crude oil is pushing gas prices higher. The latest rounds of unrest in the Middle East have made drilling operations outside the region increasingly important for companies in the Integrated Oil and Gas Industry. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the Major Integrated Oil & Gas industry can have easy and free access to our analyst research and opinions on Chevron Corp. and ConocoPhillips; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

Some companies within the industry have also been recently permitted to resume drilling in the Gulf of Mexico. The Bureau of Ocean Energy Management, Regulation and Enforcement approved Chevron Corp.'s application making it the first new project in the Gulf since the drilling suspension ended. Investors can register for free to access the research report on Chevron Corp. at www.stockcall.com/CVX290311.pdf.

Conoco Philips announced that it would be using up to $73 billion through 2015 to meet higher production goals. The spending will likely go toward its operations in North America, the North Sea and Asia. Investors can register for free to access the research report on ConocoPhillips at www.stockcall.com/COP0311.pdf.

In the short-term, a resolved Libyan conflict would help slow rising crude oil costs and allow companies to lower gas prices. In the long-term, many companies are looking to increase production outside the Middle East which could possibly prevent future crude oil spikes and provide greater stability for the industry. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the Major Integrated Oil & Gas industry.

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