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Brazil Prosecutor To Expand Offshore Oil Spill Probe -Reuters

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03/30/2012 | 07:00pm EDT

A Brazilian federal prosecutor intends to widen his investigation of a November offshore oil spill in a field run by Chevron Corp. (>> Chevron Corporation) to areas operated by other companies in the country's main oil region, Reuters reported Friday.

Eduardo Santos de Oliveira, federal prosecutor for Campos, Brazil, wants the probe to explore geological conditions and operational practices in the Campos Basin to help prevent future accidents, according to Reuters.

Companies operating in the area include Petroleo Brasileiro SA (PBR), Royal Dutch Shell PLC (RDSA), OGX Petroleo e Gas Participacoes (OGXPY), Repsol YPF SA (>> Repsol YPF SA), Maersk Oil and BP PLC (BP), Reuters reported.

Full story at http://www.reuters.com/article/2012/03/30/us-brazil-probe-idUSBRE82T1CK20120330

-Dow Jones Newswires; 212-416-2900

Stocks mentioned in the article : Chevron Corporation, Repsol YPF SA
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Financials ($)
Sales 2017 137 526 M
EBIT 2017 13 806 M
Net income 2017 8 864 M
Debt 2017 33 612 M
Yield 2017 4,13%
P/E ratio 2017 23,12
P/E ratio 2018 18,72
EV / Sales 2017 1,69x
EV / Sales 2018 1,61x
Capitalization 198 929 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 122 $
Spread / Average Target 17%
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NameTitle
John S. Watson Chairman & Chief Executive Officer
Patricia E. Yarrington Chief Financial Officer & Vice President
Joseph C. Geagea EVP-Technology, Projects & Services Divisions
Robert E. Denham Lead Independent Director
Ronald D. Sugar Independent Director
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