This company reported a nearly $850 million quarterly profit that jumped 22 percent from almost $700 million during the year prior.
The Houston oil and gas producer said its second-quarter revenues jumped 11 percent up to $4.7 billion versus the same time period in 2018. EOG touted rising oil and gas volumes while keep its capital spending below its projections.
“EOG is positioned to generate significant shareholder value even in lower oil price environments,” said Chief Executive Bill Thomas. “Every facet of the company is generating improved performance each quarter, from drilling and completions to production and marketing. To put it simply, EOG’s business is stronger than ever.” [read more]
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