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Crude oil prices were relatively flat over the past week. There was some volatility, but it was not particularly significant or worse than what we have seen over many other recent weeks. Prices fell early on in the week and then recovered with the broader stock market in the latter half of the week. The broader stock market, as measured by the S&P 500, was more volatile than oil prices. It showed similar patterns, however. The market climbed on Monday, fell on Tuesday, and was relatively flat on Wednesday. Much of the action occurred beginning on Thursday. On that day, the ECB announced that it would "do whatever is necessary to save the euro." That led to a major rally in the market that lasted throughout Thursday and Friday. This had varying effects on the six integrated foreign oil and gas stocks that I track in these weekly updates.

Statoil (STO) opened at $23.48 on July 23, 2012. The stock closed at $24.20 in after hours trading on July 27, 2012. Stockholders in the company thus profited from a gain of $0.72 per ADR share or 3.07% over the week. Statoil opened at $24.10 on July 2, 2012. This gives the stock a trailing four-week gain of $0.10 or 0.41%. Statoil announced its quarterly results on Thursday, July 26. The results failed to meet analysts' expectations but did show that the company's efforts to expand its production base, particularly outside of Norway, are paying off. I will have a full analysis posted to Seeking Alpha this week.

STO 5-Day Chart

Source: Fidelity Investments

STO 4-Week Chart

Source: Fidelity Investments

BP plc (BP) opened the week at $40.02. The stock closed at $41.55 in after hours trading on July 27. This gives BP shareholders a gain of $1.53 or 3.82% over the week. BP opened at $40.57 on July 2. Thus, shareholders of BP stock experienced a gain of $0.98 or 2.42% over the trailing four-week period.

BP 5-Day Chart

Source: Fidelity Investments

BP 4-Week Chart

Source: Fidelity Investments

Total S.A. (TOT) opened on July 23, 2012 at $42.75 per share. The stock closed at $45.90 in after hours trading on July 27. This gives ADR shareholders a gain of $3.15 or 7.37% for the week. Total opened on July 2 at $45.44. Thus, stockholders have seen a gain of $0.46 or 1.01% over the past four weeks. Total's earnings announcement beat analysts' expectations, running counter to the results posted by many other large energy companies. This was responsible for the large run up in price that the stock enjoyed in the latter half of the week.

TOT 5-Day Chart

Source: Fidelity Investments

TOT 4-Week Chart

Source: Fidelity Investments

Suncor (SU) opened on July 23 at $29.28. The stock closed at $31.84 in after hours trading on July 27. This gives the stock a gain of $2.56 or 8.74% for the week. The stock opened on July 2, 2012 at $28.95. Thus, Suncor stock has seen a gain of $2.89 or 9.98% over the trailing four week period. Suncor announced its second quarter results on July 24. As I predicted in last week s update, Suncor's earnings were indeed lower than the preceding quarter although they were still higher than in the prior year quarter. The company did see production that was slightly lower than in the preceding quarter (although still higher than the prior year quarter). This did not meet my expectations of higher production quarter over quarter but I am still not particularly worried about it. Given the stock's performance over the last week, it seems that the market agrees with this assessment. I will have a full analysis of these results out later this week if at all possible.

SU 5-Day Chart

Source: Fidelity Investments

SU 4-Week Chart

Source: Fidelity Investments

Royal Dutch Shell (RDS.A) opened at $67.54 on July 23, 2012. The stock closed at $67.68 in after hours trading on Friday, July 27. Shareholders thus saw a gain of $0.14 or 0.21% for the week. The stock opened at $67.79 on July 2, 2012. Shareholders thus suffered a loss of $0.11 per share or 0.16% over the four-week period.

RDS.A 5-Day Chart

Source: Fidelity Investments

RDS.A 4-Week Chart

Source: Fidelity Investments

Eni (E) opened at $37.95 on July 23. The stock closed at $41.15 in after hours trading on Friday, July 27. This gives shareholders a gain of $3.20 or 8.43% for the week. The stock opened at $42.66 on July 2, 2012. Shareholders thus suffered from a loss of $1.51 per share or 3.54% over the trailing four-week period. HSBC downgraded Eni from overweight to neutral on Wednesday. This was right before the stock surged on Thursday and Friday and made the stock into the second best performer this week (after Suncor).

E 5-Day Chart

Source: Fidelity Investments

E 4-Week Chart

Source: Fidelity Investments

Suncor was the best performer of these six stocks over the past week with Eni in a very close second. Total also turned in a respectable performance. The worst performer was Royal Dutch Shell, although it also gained over the past week. Suncor Energy was by far the best performer of these six companies over the trailing four week period, posting a return that nearly reached a double-digit percentage. Eni, meanwhile, was the worst performer over the trailing four week period. Eni and Royal Dutch Shell were the only two companies to post a loss over the trailing four week period.

Source: Weekly Performance Update On 6 Foreign Integrated Oil And Gas Stocks