Occidental Petroleum sees Q2 domestic oil production of 7,000-9,000 bbls/d Sees Q2 domestic NGLs to be flat, Q2 natural gas at a bodest decline. Sees Q2 total domestic production of 6,000-8,000 boe/d growth. Sees Q2 international production volumes to increase 10,000 boe/d. Expects Q2 exploration expense to be $80M. Sees Q2 chemical segment core earnings expected to be $130M. Sees Q2 production costs of $14.50 per boe for FY14. comments taken from slides for Q1 earnings conference call.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded to Outperform from Market Perform at Raymond James... Banco Bilbao (BBVA) upgraded to Neutral from Underperform at BofA/Merrill... Berry Plastics (BERY) upgraded to Outperform from Market Perform at BMO Capital... Denny's (DENN) upgraded to Buy from Neutral at Janney Capital... Hess Corp. (HES) upgraded to Outperform from Market Perform at Raymond James... Huaneng Power (HNP) upgraded to Buy from Neutral at BofA/Merrill... Infoblox (BLOX) upgraded to Buy from Hold at Needham... Kate Spade (KATE) upgraded at BofA/Merrill... Lumber Liquidators (LL) upgraded to Overweight from Equal Weight at Morgan Stanley... Occidental Petroleum (OXY) upgraded to Strong Buy from Outperform at Raymond James... PT Indosat (IIT) upgraded to Buy from Neutral at Nomura... Silvercorp Metals (SVM) upgraded to Outperform from Market Perform at Raymond James... Toro Company (TTC) upgraded to Buy from Neutral at Longbow... United Microelectronics (UMC) upgraded to Market Perform from Underperform at Bernstein.