Weekly Performance Update On 6 Foreign Integrated Oil And Gas Companies

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 |  Includes: BP, E, RDS.A, STO, SU, TOT
by: Power Hedge

Crude prices delivered a gain over the past week, with most of the gain occurring on Monday and Tuesday. Friday saw prices fall and then recover. Most likely, some traders made a large amount of money off of that move. The overall market, as measured by the S&P 500, was a different story, though. While the overall trend was up, just as with oil, the index proved to be considerably more volatile and was witness to several large intra-day shifts. This action had, as usual, different effects on the six integrated oil and gas companies that I follow in this weekly update series.

Statoil (NYSE:STO) opened at $24.43 on August 6, 2012. The stock closed at $25.26 in after hours trading on August 10, 2012. Stockholders in the company thus profited from a gain of $0.83 per ADR share or 3.40% over the week. Statoil opened at $23.28 on July 16, 2012. This gives the stock a trailing four-week gain of $1.98 or 8.51%. As this chart shows, Statoil saw most of its gain this week between Monday and Tuesday. This mirrored the overall action in oil prices.

STO 5-Day Chart

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Source: Fidelity Investments

STO 4-Week Chart

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Source: Fidelity Investments

BP plc (NYSE:BP) opened the week at $41.07. The stock closed at $42.49 in after hours trading on August 10. This gives BP shareholders a gain of $1.42 or 3.46% over the week. BP opened at $41.38 on July 16. Thus, shareholders of BP stock experienced a gain of $1.11 or 2.68% over the trailing four-week period. BP went ex-dividend on August 8. Thus, shareholders of the company will be receiving a dividend payment of $0.48 per share held. The company's total gain was thus $1.90 or 4.63% over the past week. BP shareholders also saw a total gain of $1.59 or 3.84% over the trailing four-week period when the dividend is considered.

BP 5-Day Chart

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Source: Fidelity Investments

BP 4-Week Chart

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Source: Fidelity Investments

Total S.A. (NYSE:TOT) opened on August 6 at $48.03 per share. The stock closed at $49.31 in after hours trading on August 10. This gives ADR shareholders a gain of $1.28 or 2.67% for the week. Total opened on July 16 at $43.88. Thus, stockholders have seen a gain of $5.43 or 12.37% over the past four weeks.

TOT 5-Day Chart

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Source: Fidelity Investments

TOT 4-Week Chart

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Source: Fidelity Investments

Suncor (NYSE:SU) opened on August 6 at $31.56. The stock closed at $32.05 in after hours trading on August 10. This gives the stock a gain of $0.49 or 1.55% for the week. The stock opened on July 16, 2012 at $28.96. Thus, Suncor stock has seen a gain of $3.09 or 10.67% over the trailing four week period. Suncor was thus a bit of a laggard among these large oil companies over the past week, although the trailing four-week performance is in the midrange of its peers. This is rather curious considering that the company has some of the best growth prospects of any of these companies. While Suncor has stated that it may be re-evaluating its previous goal of achieving 1 million barrels per day of production, it still remains very well positioned to be a leading oil producer going forward.

SU 5-Day Chart

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Source: Fidelity Investments

SU 4-Week Chart

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Source: Fidelity Investments

Royal Dutch Shell (NYSE:RDS.A) opened at $70.11 on August 6, 2012. The stock closed at $70.92 in after hours trading on Friday, August 10. Shareholders thus saw a gain of $0.81 or 1.16% for the week. The stock opened at $68.96 on July 16, 2012. Shareholders thus experienced a gain of $1.96 per share or 2.84% over the four-week period. Royal Dutch Shell went ex-dividend on August 8, 2012. Shareholders as of that date will receive a dividend payment of $0.86 per share. This increases the return over the past week to $1.67 or 2.38% when the dividend is considered. This also increases the trailing four-week total return to $2.82 or 4.09% when the dividend is considered.

RDS.A 5-Day Chart

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Source: Fidelity Investments

RDS.A 4-Week Chart

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Source: Fidelity Investments

Eni (NYSE:E) opened at $43.83 on August 6. The stock closed at $43.94 in after hours trading on Friday, August 10. This gives shareholders a gain of $0.11 or 0.25% for the week. The stock opened at $40.96 on July 16, 2012. Shareholders thus profited from a gain of $2.98 per share or 7.28% over the trailing four-week period. Earlier this week, I discussed the future outlook for the energy industry. Eni is one company that is well-positioned to profit from the emerging trends due to the company's massive Mamba field in Mozambique.

E 5-Day Chart

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Source: Fidelity Investments

E 4-Week Chart

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Source: Fidelity Investments

BP was the best performer of these six over the past week after accounting for dividends. Statoil was a close second and just slightly lost to BP if the impact of BP's dividend is ignored. Italian oil and gas giant Eni was by far the worst performer over the past week. Total was the best performer over the trailing four week period, even after accounting for dividends. Only two of these six companies, Total and Suncor, delivered double-digit percentage returns over the trailing four week period. BP, meanwhile, was the worst performer of these six companies, after adjusting for dividends. Royal Dutch Shell was the other laggard in the group.

Disclosure: I am long STO, BP, SU.