EOG Resources – Oil & Gas 360

EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%

May 30, 2025

(Oil & Gas 360) – Publisher’s Note: EOG Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. HOUSTON, May 30, 2025 /PRNewswire/ — EOG Resources, Inc. (EOG) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6 billion, inclusive

EOG Resources awarded onshore concession to explore and appraise unconventional shale block in the UAE

May 16, 2025

(Oil & Gas 360) – HOUSTON, May 16, 2025 /PRNewswire/ — EOG Resources, Inc. (EOG) today announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA). The UCO3 concession area is 3,609 square kilometers, or nearly 900,000 acres, in an over-pressured, oil prone basin within the Al Dhafra region

EOG Resources reports first quarter 2023 results

May 5, 2023

EOG Resources Reports First Quarter 2023 Results PR Newswire HOUSTON , …

EOG Resources Reports Fourth Quarter and Full-Year 2022 Results; Announces 2023 Capital Plan

February 24, 2023

EOG Resources Reports Fourth Quarter and Full-Year 2022 Results; Announces 2023 Capital Plan …

EOG Resources adds to glum U.S. oil outlook on cost, supply chain snags

September 8, 2022

Nasdaq Shale oil producer EOG Resources EOG.N on Thursday said U.S. production gains next year will slow amid persistent supply chain constraints and inflationary pressures, echoing a rival’s sentiment. EOG forecasts overall U.S. oil output to increase by between 700,000 and 800,000 barrels per day this year. But in remarks at the Barclays CEO Energy and Power conference on Thursday, EOG’s top executive predicted that

U.S. shale producer EOG sticks to 4% annual output growth

August 5, 2022

US News U.S. shale oil producer EOG Resources on Friday said it expects to deliver roughly 4% oil and gas volume growth this year, and hold a similar trajectory in 2023, as inflation and supply chain problems continue to snarl the oil industry. Inflation has meaningfully exceeded expectations, the company said, noting that it has been able to

Shale firm EOG to launch carbon capture project by late 2022

November 5, 2021

Reuters U.S. shale oil firm EOG Resources on Friday said it aims to begin by late 2022 a carbon dioxide injection program to reduce greenhouse gases from its oil and gas production. The Houston, Texas-based energy producer emphasized it had no intention of changing its business focus, limiting the project to its own output, reducing so-called Scope 1 and Scope

EOG Resources beats profit estimate as crude prices rebound

May 7, 2021

Reuters US oil and gas producer EOG Resources Inc (EOG.N) surpassed analysts’ first-quarter profit forecast and announced a special dividend of $ 1 per share on Thursday due to the launch of COVID-19 vaccines and increased travel demand driving crude oil prices. U.S. crude oil prices rose 23% in the first quarter after the 2020 pandemic affected fuel demand, sparking

EOG Resources profits fall by nearly 50 percent

November 7, 2019

Source: Houston Chronicle EOG Resources reported $615 million in quarterly profits on Wednesday that fell by nearly 50 percent from $1.2 billion a year ago in large part from lower oil and gas prices. EOG’s revenues dipped by 10 percent down to $4.3 billion. But the Houston oil and gas producer touted rising production volumes that jumped 12 percent from

EOG Reports Nearly 3,000% Increase in Net Income

August 3, 2018

“The EOG Machine is Firing on All Cylinders”: Chairman and CEO Bill Thomas EOG Resources, Inc. (NYSE: EOG) reported second quarter 2018 results and beats its oil, natural gas, and NGL production targets. Highlights Net income of $696.7 million, or $1.20 per share a 2,916% increase YOY Total crude oil production of 384,600 BOPD, up 15% YOY (Company Record) Total

EOG Resources to Present at The Oil and Gas Conference

July 18, 2018

EOG Resources, Inc. (NYSE: EOG) Company Overview EOG Resources, Inc. with nearly 2,700 employees is one of the largest independent (non-integrated) crude oil and natural gas companies in the United States with proved reserves in the United States, Trinidad, the United Kingdom and China. The company focuses on integrating technology such as 3D seismic, core analysis, and microseismic to develop

EOG Resources Earns $23 Million in Q2

August 2, 2017

EOG Resources (ticker: EOG) had a Q2 net income of $23.1 million. A year ago, during the same quarter of 2016, the company reported a net loss of $292.6 million. EOG’s oil production grew to 334,700 BOPD during Q2, a 25% improvement from the previous quarter. In its Delaware basin assets, EOG completed 25 wells in the Wolfcamp, 19 wells

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