EOG Resources (NYSE: EOG) has uncovered an extensive supply of low-cost oil in recent years, which is giving it the fuel to grow production and cash flow at lower crude prices. That was evident once again during the third quarter as the energy company produced more oil than expected while also generating more free cash. Meanwhile, it added even more fuel to its growth tank by discovering additional sources of low-cost oil. Consequently, the company appears well positioned to keep prospering even if oil and gas prices remain weak.
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Q3 2019
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Source: Motley Fool
(November 8, 2019 - 9:07 AM EST)
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