Analyst Study on Newfield Exploration and Apache -- the China Factor
August 13 2010 - 8:33AM
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Investment in the Oil and Gas industry may increase in the
coming months as China has become the largest consumer of energy in
the world. While China remains second to the US in oil consumption,
The International Energy Agency has reported that China
out-consumed the US last month in energy consumption from all forms
of production.
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To meet their energy demands, China is now looking to Iran as an
appealing option for oil and gas. Projects could be popping up in
that county because of China National Petroleum. China's increased
need for energy means that the country has been looking all over
the world for oil supply. They have expanded to places like Africa,
South America, China, and the Gulf of Mexico. Visit us at
http://www.wallstreetequityresearch.com/ to understand the
catalysts and forces driving or affecting companies in the
independent oil & gas industry.
Consumption like this could definitely increase the need for oil
and gas development and exploration. However, it remains to be seen
which companies will profit from this increase in demand.
With the ongoing earnings season, Newfield Exploration Co.
reported net income of $96 million including items. Revenue saw a
56% surge to $448 million on the back of elevated production.
Investors can register today at
http://wallstreetequityresearch.com/August122010NewfieldExplorationCo.(NFX)130810.php
to download the full report on Newfield
Exploration Co.
Apache Corp. which posted its earnings a few days before
Newfield Exploration saw net income soar to $860 million that is
close to double to what the company reported a year back. Investors
can access free research on Apache Corp. now
by signing up at
http://wallstreetequityresearch.com/August122010ApacheCorp.(APA)130810.php.
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