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Oil prices had a much better week this week compared to last week overall, but there was still some weakness early on followed by a rally in the latter half of the week. Oil prices climbed until midday Tuesday and then resumed their descent from last week. This descent continued until the middle of the day on Wednesday. Oil prices then rallied for the remainder of the week closing nearly flat from Monday's market open. The overall market, as measured by the S&P 500 index (NYSEARCA:SPY), performed much worse than oil. The index went up early in the week but then plunged precipitously on Tuesday. There was a rally on Thursday but it was quickly erased by Friday morning. Friday itself was relatively flat. As usual, this had different effects on the six integrated oil and gas stocks that I track in this series of weekly updates.

Statoil (NYSE:STO) opened at $26.56 on September 24, 2012. The stock closed at $25.80 in after-hours trading on September 28, 2012. Stockholders in the company thus suffered a loss of $0.76 per ADR share or 2.86% over the week. Statoil opened at $25.77 on September 4, 2012. This gives the stock a trailing four-week gain of $0.03 or 0.12%.

STO 5-Day Chart

Source: Fidelity Investments

STO 4-Week Chart

Source: Fidelity Investments

BP plc (NYSE:BP) opened the week at $42.99. The stock closed at $42.42 in after-hours trading on September 28. BP's stockholders thus experienced a loss of $0.57 or 1.33% over the week. BP opened at $42.11 on September 4, 2012. Thus, shareholders of BP stock witnessed a gain of $0.31 or 0.74% over the trailing four-week period. BP may be able to divest its entire TNK-BP stake through a sale of its 50% stake to the AAR consortium. This will allow the company to finally unravel its troubled stake in the Russian company. The Russian government opposes this sale, however, which could make it difficult for BP to perform this transaction. BP is also attempting to sell off a refinery in Texas to Marathon (NYSE:MRO) as a part of its divestment program. Analysts expect that this refinery will not sell for anywhere close to its asking price.

BP 5-Day Chart

Source: Fidelity Investments

BP 4-Week Chart

Source: Fidelity Investments

Total S.A. (NYSE:TOT) opened on September 24 at $52.29 per share. The stock closed at $50.00 in after-hours trading on September 28. This gives ADR shareholders a loss of $2.29 or 4.38% for the week. Total opened on September 4 at $50.10. Thus, stockholders have suffered a loss of $0.10 or 0.20% over the past four weeks. Total went ex-dividend on September 19. Shareholders as of the market close on the previous day will receive a dividend of about $0.69 per share. The dividend effectively causes the loss over the trailing four-week period to turn into a gain of about $0.59 per share or 1.18%. Total intends to divest about $20 billion worth of assets over the next two years. Total will use the money raised from these sales to finance its development of core assets that are intended to increase its production. Based on what the company is planning on selling, this could ultimately prove to create value for shareholders if the price is right.

TOT 5-Day Chart

Source: Fidelity Investments

TOT 4-Week Chart

Source: Fidelity Investments

Suncor (NYSE:SU) opened on September 24 at $33.41. The stock closed at $32.94 in after-hours trading on September 28. This gives the stock a loss of $0.47 or 1.41% for the week. The stock opened on September 4, 2012 at $31.33. Thus, Suncor stock has experienced a gain of $1.61 or 5.14% over the trailing four-week period.

SU 5-Day Chart

Source: Fidelity Investments

SU 4-Week Chart

Source: Fidelity Investments

Royal Dutch Shell (NYSE:RDS.A) opened at $71.09 on September 24, 2012. The stock closed at $69.34 in after-hours trading on Friday, September 28. Shareholders thus suffered a loss of $1.75 or 2.46% for the week. The stock opened at $70.07 on September 4, 2012. Shareholders thus suffered a loss of $0.73 per share or 1.04% over the trailing four-week period. Royal Dutch Shell has entered into a deal with Quicksilver Resources (NYSE:KWK) to jointly develop their oil and gas holdings across the Sand Wash Basin in northern Colorado. The two companies will each swap 50% of their respective holdings to the other. This will give each company a 50% stake in all of the land in the Basin and a 50% stake in every project done on the land. Ultimately, this could prove to expand the asset basis of both companies and will also reduce the costs of any one project on either company.

RDS.A 5-Day Chart

Source: Fidelity Investments

RDS.A 4-Week Chart

Source: Fidelity Investments

Eni (NYSE:E) opened at $46.51 on September 24. The stock closed at $43.90 in after-hours trading on Friday, September 28. Shareholders thus suffered a loss of $2.61 or 5.61% for the week. The stock opened at $43.77 on September 4, 2012. Shareholders thus profited from a gain of $0.13 per share or 0.30% over the trailing four-week period. Eni went ex-dividend on September 24. Thus, shareholders as of the close of the market on the preceding day will receive a dividend of approximately $1.09 per ADR share. This dividend reduces the effective loss over the past week to $1.52 or 3.23%. The dividend also effectively increases the trailing four-week gain to $1.22 or 2.79%.

E 5-Day Chart

Source: Fidelity Investments

E 4-Week Chart

Source: Fidelity Investments

Shareholders in all six of these companies witnessed losses over the past week. The best performer was BP, although in this case "best performance" merely means that the stock had the smallest loss in share price. The worst performer over the past week was Eni. Meanwhile, performance was much more mixed over the trailing four weeks. Four of the six stocks saw trailing four-week gains and the other two saw losses over the period. The best performer over the trailing four-week period was Suncor Energy. None of the other companies were anywhere close to matching Suncor's gains. The worst performer was Total, with Royal Dutch Shell in a very close second place.

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