JOHANNESBURG, SOUTH AFRICA -- (Marketwire) -- 08/13/10 -- www.wallstreetequityresearch.com brings investors market knowledge on the aspects moving the independent oil & gas stocks, and offers complete analytical research on companies like Newfield Exploration Co. (NYSE: NFX) and Apache Corp. (NYSE: APA). Register with www.wallstreetequityresearch.com today to gain full access to our complimentary research on these independent oil & gas stocks.
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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