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EOG Resources Inc (EOG.N)

EOG.N on New York Stock Exchange

47.82USD
2 Dec 2020
Change (% chg)

$1.29 (+2.77%)
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Volume
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Latest Key Developments (Source: Significant Developments)

EOG Resources Reports Q3 Loss Of $0.07 Per Share
Friday, 6 Nov 2020 

Nov 5 (Reuters) - EOG Resources Inc ::EOG RESOURCES REPORTS THIRD QUARTER 2020 RESULTS; ADDS PREMIUM NATURAL GAS PLAY IN SOUTH TEXAS; PROVIDES THREE-YEAR OUTLOOK.REPORTS Q3 2020 LOSS PER SHARE $0.07.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.43.Q3 EARNINGS PER SHARE ESTIMATE $0.19 -- REFINITIV IBES DATA.ANTICIPATES CURRENT IMBALANCE IN THE GLOBAL CRUDE OIL MARKET IS LIKELY TO EXTEND INTO 2021.COMPARED WITH Q3 2019, QTRLY TOTAL CO CRUDE OIL VOLUMES WERE 19 PERCENT LOWER, AT 377,600 BARRELS OF OIL PER DAY (BOPD).EXPECTS TO MAINTAIN ITS CRUDE OIL PRODUCTION AT ABOUT SAME LEVEL AS THE FOURTH QUARTER 2020.QTRLY TOTAL OPERATING REVENUES AND OTHER $2.25 BILLION VERSUS $4.30 BILLION.Q3 REVENUE VIEW $2.57 BILLION -- REFINITIV IBES DATA.EOG RESOURCES -ASSUMING BALANCED CRUDE OIL MARKET AFTER 2021, EXPECTS TO REINVEST 70% TO 80% OF ITS DISCRETIONARY CASH FLOW IN 2022 AND 2023.EOG RESOURCES - EXPECTS TO GENERATE UP TO 10% COMPOUND ANNUAL CRUDE OIL PRODUCTION GROWTH IN 2022 AND 2023 AT $50 WTI CRUDE OIL PRICE.  Full Article

EOG Resources Posts Adjusted Q2 Loss Per Share Of $0.23
Friday, 7 Aug 2020 

Aug 6 (Reuters) - EOG Resources Inc ::EOG RESOURCES REPORTS SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED NON-GAAP LOSS PER SHARE $0.23.Q2 EARNINGS PER SHARE ESTIMATE $-0.05 -- REFINITIV IBES DATA.QTRLY TOTAL COMPANY CRUDE OIL VOLUMES WERE 331,100 BARRELS OF OIL PER DAY (BOPD), 27 PERCENT BELOW Q2 2019.EXPECTS NEARLY ALL SHUT-IN WELLS TO BEGIN PRODUCTION BEFORE END OF Q3.QTRLY TOTAL OPERATING REVENUE AND OTHER $1.10 BILLION VERSUS ABOUT $4.7 BILLION.  Full Article

EOG Resources Inc - For Q2 2020, EOG Anticipates A Net Loss Of $126 Million On Mark-To-Market Of Its Financial Commodity Derivative Contracts
Wednesday, 22 Jul 2020 

July 21 (Reuters) - EOG Resources Inc ::EOG RESOURCES INC - FOR Q2 2020, EOG ANTICIPATES A NET LOSS OF $126 MILLION ON MARK-TO-MARKET OF ITS FINANCIAL COMMODITY DERIVATIVE CONTRACTS.  Full Article

EOG Resources Expects To Record About $367 Mln Gain This Year From Its Oil And Gas Derivatives
Friday, 29 May 2020 

May 28 (Reuters) - EOG Resources Inc ::EOG RESOURCES - IN MAY, ENTERED INTO CRUDE OIL ROLL DIFFERENTIAL SWAP CONTRACTS FOR PERIOD FROM JULY 1 - SEPT 30 WITH NOTIONAL VOLUMES OF 22,000 BBLD.EOG RESOURCES - ENTERED INTO CRUDE OIL ROLL DIFFERENTIAL SWAP CONTRACTS FOR PERIOD FROM OCT 1 - DEC 31 WITH NOTIONAL VOLUMES OF 44,000 BBLD.SINCE FILING ITS QUARTERLY REPORT ON MAY 7, EOG HAS ENTERED INTO ADDITIONAL CRUDE OIL DERIVATIVE CONTRACTS.EXPECTS TO RECORD ABOUT $367 MILLION GAIN THIS YEAR FROM ITS OIL AND GAS DERIVATIVES.  Full Article

EOG Resources COO - "We Would Rather Shut In Production Than Sell Into An Uncertain Low-Price Market"
Friday, 8 May 2020 

May 8 (Reuters) - EOG Resources Inc ::EOG RESOURCES INC - NOW HAVE HEDGED MORE THAN 95% OF Q2 OIL PRODUCITON AT AN AVERAGE PRICE OF $48 - EXEC,CONF CALL.EOG RESOURCES INC - NOW HAVE HEDGED MORE THAN 50% OF Q3 OIL PRODUCITON AT AN AVERAGE PRICE OF $47.EOG RESOURCES INC - EXPECT TO SPEND ABOUT $650 MILLION IN Q2 AND DECLINE SEQUENTIALLY IN Q3 AND Q4 TO TOTAL JUST $3.5 BILLION FOR THE YEAR.EOG RESOURCES INC - VOLUMES ARE CURRENTLY FORECASTED TO INCREASE IN H2 2020 WITH Q4 PRODUCTION AVERAGING ABOUT 420,000 BARRELS OF OIL PER DAY.EOG RESOURCES COO - "WE WOULD RATHER SHUT IN PRODUCTION THAN SELL INTO AN UNCERTAIN LOW-PRICE MARKET".EOG RESOURCES CEO - "U.S. OIL PRODUCTION IS IN SEVERE DECLINE, AND IT COULD TAKE YEARS FOR DOMESTIC PRODUCTION TO TURN AROUND".EOG RESOURCES CEO - "WE BELIEVE THAT THE HISTORIC AND PROLIFIC OIL PRODUCTION GROWTH BY U.S. SHALE MAY HAVE BEEN FOREVER ALTERED".EOG RESOURCES CEO - DON'T THINK WE'RE GOING TO BE ADDING ANY CAPITAL IN THE REMAINING OF THE YEAR.EOG RESOURCES CEO - NOT REALLY INTERESTED AT ALL IN ANY CERTAINLY LOW-RETURN M&A OR ACQUISITIONS.EOG RESOURCES CEO - VERY UNLIKELY WE'LL DO A LARGE M&A.EOG RESOURCES CEO - LARGE M&AS ARE REALLY NOT, IN OUR VIEW, COMPETITIVE.  Full Article

EOG Resources Q1 Adjusted Non-GAAP Earnings Per Share $0.55
Friday, 8 May 2020 

May 7 (Reuters) - EOG Resources Inc ::EOG RESOURCES REPORTS FIRST QUARTER 2020 RESULTS AND UPDATES 2020 PLAN IN RESPONSE TO OIL MARKET DOWNTURN; COMPANY WELL-POSITIONED TO EMERGE STRONGER IN A RECOVERY.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.55.Q1 EARNINGS PER SHARE $0.02.Q1 EARNINGS PER SHARE ESTIMATE $0.66 -- REFINITIV IBES DATA.REDUCED FULL-YEAR 2020 CAPITAL PLAN BY AN ADDITIONAL $1.0 BILLION TO $3.3 TO $3.7 BILLION.TARGET 2020 WELL COST SAVINGS OF 8%.DECLARED UNCHANGED COMMON STOCK DIVIDEND OF $0.375 PER SHARE, OR $1.50 INDICATED ANNUAL RATE.LOWERED OPERATED RIG COUNT FROM 36 RIGS TO 8 RIGS DURING LAST 6 WEEKS, WITH AVERAGE OF ABOUT SIX RIGS EXPECTED FOR REMAINDER OF 2020.REVISED CAPITAL PLAN TARGETS FULL-YEAR 2020 CRUDE OIL PRODUCTION OF APPROXIMATELY 390,000 BOPD.CURRENTLY PLANS TO BRING APPROXIMATELY 485 NET WELLS ONTO PRODUCTION FOR FULL-YEAR 2020.HAS ELECTED TO DEFER SOME OF ITS PRODUCTION UNTIL OIL PRICES RECOVER.AT MARCH 31, 2020, EOG'S TOTAL DEBT OUTSTANDING WAS $5.2 BILLION FOR A DEBT-TO-TOTAL CAPITALIZATION RATIO OF 20 PERCENT.QTRLY TOTAL OPERATING REVENUE AND OTHER $4.72 BILLION VERSUS $4.16 BILLION.Q1 EARNINGS PER SHARE VIEW $0.66, REVENUE VIEW $3.98 BILLION -- REFINITIV IBES DATA.QTRLY TOTAL COMPANY CRUDE OIL VOLUMES OF 483,300 BARRELS OF OIL PER DAY GREW 11 PERCENT COMPARED WITH Q1 2019.  Full Article

EOG Resources Anticipates Net Gain Of $1,206 Mln On Mark-To-Market Of Financial Commodity Derivative Contracts In Q1
Friday, 17 Apr 2020 

April 16 (Reuters) - EOG Resources Inc ::EOG RESOURCES INC - FOR Q1, CO ANTICIPATES NET GAIN OF $1,206 MILLION ON MARK-TO-MARKET OF FINANCIAL COMMODITY DERIVATIVE CONTRACTS.  Full Article

EOG Resources To Hold Virtual-Only 2020 Annual Stockholders Meeting
Thursday, 16 Apr 2020 

April 15 (Reuters) - EOG Resources Inc ::EOG RESOURCES TO HOLD VIRTUAL-ONLY 2020 ANNUAL STOCKHOLDERS MEETING.  Full Article

EOG Resources Inc Files For Two-Part Senior Notes Offering
Wednesday, 8 Apr 2020 

April 8 (Reuters) - EOG Resources Inc ::EOG RESOURCES INC FILES FOR TWO-PART, SENIOR NOTES OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

EOG Resources Says CEO's 2019 Total Compensation Was $12.7 Million
Saturday, 21 Mar 2020 

March 20 (Reuters) - EOG Resources Inc ::EOG RESOURCES INC SAYS CEO WILLIAM THOMAS' FY 2019 TOTAL COMPENSATION WAS $12.7 MILLION VERSUS $12.0 MILLION IN FY 2018 - SEC FILING.  Full Article

UPDATE 1-EOG posts quarterly loss as virus kills oil demand

Nov 5 Shale oil and gas producer EOG Resources Inc on Thursday reported a quarterly loss compared to a profit a year earlier, as the COVID-19 pandemic hammered demand for fuel and dented crude prices.