Energy Biz Cheat Sheet: Total and Chevron Run the Markets

TOTAL S.A. (NYSE:TOT) reported its third quarter adjusted net profit rose 12.9 percent to EUR $2.8 billion ($3.97 billion), exceeding analysts’ forecasts of  EUR $2.72 billion. Revenue jumped 14.9 percent to EUR $46.1 billion. The company attributed its increased earnings to higher oil prices that were adjusted from a product decline from Libya’s civil war.

Chevron Corporation (NYSE:CVX) saw its third quarter net income beat Wall Street’s expectations with its rise to $7.83 billion ($3.92 per share) vs. $3.77 billion ($1.87 per share) as compared to the same quarter a year earlier. This represents more than a twofold increase. The company’s revenue rose 29.6 percent to $64.43 billion from the year earlier quarter.

Mean analyst estimates had been $3.42 per share with an average revenue estimate of $67.91 billion.

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Arch Coal Inc. (NYSE:ACI) attributed its third quarter profit decline to Midwest flooding. The company expressed “short-term uncertainty” about the global coal market but a positive long-term outlook thanks to broad scale construction of coal-based power plants and Asian and South American infrastructure needs increasing seaborne coal trade.

The company’s earnings per share guidance sits in the $1.00-$1.40 range with an $1.28 analyst consensus.

Caterpillar Inc. (NYSE:CAT) penned a five-year agreement with two Jacksonville, Florida-area companies, Ring Power Corp. and APR Energy plc to provide temporary power generators to emerging markets. The deal is worth million of dollars and it is one of the largest ones in Ring Power’s history with the 140 generators order.

It’s been a good month for Caterpillar: its shares have risen over 29 percent.

A Securities and Exchange filing disclosed that two Southern Union Co. (NYSE:SUG) executives may see a huge chunk of change from the natural gas company’s sale to Energy Transfer Equity, L.P. (NYSE:ETE). The combined $75 million payday will give CEO George Lindemann $44.8 million in cash from stock sales and other benefits. COO Eric Herschmann could pocket $29.8 million.

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