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EOG Resources Inc (EOG.N)

EOG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Eog Resources Updates 2020 Capital Plan Premium Strategy Proves Resilient At Low Oil Prices
Monday, 16 Mar 2020 

March 16 (Reuters) - EOG Resources Inc ::EOG RESOURCES UPDATES 2020 CAPITAL PLAN; PREMIUM STRATEGY PROVES RESILIENT AT LOW OIL PRICES.EOG RESOURCES INC - REDUCES 2020 CAPITAL PLAN 31% TO $4.3 TO $4.7 BILLION AND TARGETS FLAT YOY CRUDE OIL PRODUCTION VOLUMES.EOG RESOURCES - NET CASH FROM OPERATING ACTIVITIES IS EXPECTED TO FUND CAPITAL EXPENDITURES & DIVIDEND PAYMENTS ASSUMING MID-$30 OIL PRICES FOR 2020.EOG RESOURCES INC - REVISED CAPITAL PLAN SUPPORTS FULL-YEAR 2020 CRUDE OIL PRODUCTION OF 446,000 TO 466,000 BARRELS OF OIL PER DAY.EOG RESOURCES INC - UPDATED ITS FULL-YEAR 2020 CAPITAL PLAN AS A RESULT OF SIGNIFICANT DECLINE AND INCREASED VOLATILITY OF COMMODITY PRICES.EOG RESOURCES INC - GIVEN CURRENT COMMODITY PRICE ENVIRONMENT, CO HAS ELECTED TO REDUCE ACTIVITY ACROSS ITS OPERATING AREAS.EOG RESOURCES - PLANS TO FOCUS ITS DRILLING OPERATIONS IN DELAWARE BASIN & SOUTH TEXAS EAGLE FORD.EOG RESOURCES INC - PLANS TO PROVIDE A MORE COMPREHENSIVE OPERATIONAL AND FINANCIAL UPDATE FOR 2020 PLAN WITH RELEASE OF ITS Q1 2020 RESULTS.  Full Article

EOG Resources Says Evaluating Activity Given Current Commodity Environment
Tuesday, 10 Mar 2020 

March 10 (Reuters) - EOG Resources Inc ::EOG RESOURCES - EVALUATING OUR ACTIVITY GIVEN THE CURRENT COMMODITY ENVIRONMENT.EOG RESOURCES - HAVE TREMENDOUS FLEXIBILITY TO SLOW ACTIVITY, HOWEVER WE ARE IN PROCESS OF FINALIZING SPECIFIC PLANS.  Full Article

EOG Resources Reports Fourth Quarter Results, Announces 2020 Capital Program
Friday, 28 Feb 2020 

Feb 27 (Reuters) - EOG Resources Inc ::EOG RESOURCES REPORTS EXCELLENT FOURTH QUARTER AND FULL-YEAR 2019 RESULTS; ANNOUNCES 2020 CAPITAL PROGRAM; RAISES DIVIDEND BY 30 PERCENT.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.35.Q4 EARNINGS PER SHARE ESTIMATE $1.15 -- REFINITIV IBES DATA.Q4 EARNINGS PER SHARE $1.10.EXPLORATION AND DEVELOPMENT EXPENDITURES FOR 2020 ARE EXPECTED TO RANGE FROM $6.3 BILLION TO $6.7 BILLION.DISCIPLINED CAPITAL PROGRAM SUPPORTS GROWTH IN CRUDE OIL PRODUCTION OF 10 TO 14 PERCENT IN 2020.TOTAL CRUDE OIL VOLUMES IN THE FOURTH QUARTER 2019 WERE 468,900 BOPD, UP EIGHT PERCENT.DISCIPLINED CAPITAL PROGRAM FUNDS DIVIDEND PAYMENTS WITH NET CASH FROM OPERATING ACTIVITIES AT LESS THAN $50 OIL.QTRLY OPERATING REVENUES AND OTHER $4.32 BILLION VERSUS $4.57 BILLION.QTRLY TOTAL CRUDE OIL EQUIVALENT VOLUMES 850.3 MBOED VERSUS 764.5 MBOED.Q4 REVENUE VIEW $4.39 BILLION -- REFINITIV IBES DATA.  Full Article

UPDATE 2-U.S. cuts royalties for hard-hit oil, gas drillers

May 21 The Trump administration has lowered royalties for several drilling companies producing oil and gas on federal lands, according to a government database, as the industry seeks help weathering low energy prices.