Eog Res Inc Stock Price, News & Analysis

EOG Resources (EOG) has announced its participation in the upcoming J.P. Morgan Energy, Power, Renewables and Mining Conference. The company's Executive Vice President and Chief Operating Officer, Jeffrey R. Leitzell, will deliver a presentation on Tuesday, June 24, at 10:30 a.m. Central time (11:30 a.m. Eastern time). Investors and interested parties can access the live webcast and replay of the presentation for up to one year through the Investors/Events & Presentations section of EOG's website.

EOG Resources has announced a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion, creating a third foundational play in the Utica alongside its Delaware Basin and Eagle Ford assets. The acquisition will be funded through $3.5 billion of debt and $2.1 billion of cash, adding 675,000 net core acres to EOG's Utica position for a combined 1.1 million net acres. The deal expands EOG's resource base to over 12 billion barrels of oil equivalent and is expected to generate $150 million in first-year synergies. The transaction will increase pro forma production to 275,000 barrels of oil equivalent per day and is immediately accretive to EOG's financial metrics, including a 10% increase in 2025 EBITDA and 9% in cash flow operations. Additionally, EOG announced a 5% dividend increase to $1.02 per share, with an indicated annual rate of $4.08.

EOG Resources (EOG) has secured a significant exploration concession for Unconventional Onshore Block 3 (UCO3) from Abu Dhabi's Supreme Council for Financial and Economic Affairs. The concession covers 3,609 square kilometers (approximately 900,000 acres) in the Al Dhafra region's over-pressured, oil-prone basin.

EOG holds 100% equity and operatorship and will collaborate with Abu Dhabi National Oil Company (ADNOC) to explore and appraise unconventional oil resources. The agreement includes a three-year appraisal phase, after which EOG may enter a production concession where ADNOC has participation options. Drilling operations are expected to commence in H2 2025 without affecting EOG's 2025 capital plan.

EOG Resources (EOG) has announced its participation in the upcoming Bernstein Strategic Decisions Conference. Ezra Y. Yacob, the company's Chairman and Chief Executive Officer, will deliver the presentation on Wednesday, May 28, 2025 at 12:30 p.m. Central time (1:30 p.m. Eastern time). Investors and interested parties can access the live webcast and replay for up to one year through the Investors/Events & Presentations section of EOG's website.

EOG Resources reported strong Q1 2025 results with adjusted net income of $1.6 billion ($2.87 per share) and generated $1.3 billion in free cash flow. The company achieved oil production of 502,100 barrels per day, exceeding guidance. EOG returned significant capital to shareholders through $538 million in regular dividends and $788 million in share repurchases. The company optimized its 2025 capital plan to $5.8-6.2 billion, reducing it by $200 million, while targeting 2% oil production growth and 5% total production growth. EOG also announced a new oil discovery in Trinidad. The company maintained strong financial metrics with a negative net debt-to-total capitalization ratio of -6.7% and cash reserves of $6.6 billion.

EOG Resources has announced it will host a conference call and webcast to discuss its first quarter 2025 results on Friday, May 2, 2025, at 9 a.m. Central time (10 a.m. Eastern time). The event will be accessible through the Investors/Events & Presentations page on the EOG website. For those unable to attend the live webcast, a replay will be available for one year. Interested parties with questions can contact Angie Lewis at 713-651-6722.

EOG Resources reported strong Q4 and full-year 2024 results, with Q4 adjusted net income of $1.5 billion ($2.74 per share) and $1.3 billion in free cash flow. The company generated $5.4 billion in free cash flow for full-year 2024, returning $5.3 billion to shareholders.

Q4 oil production reached 494,600 Bopd, while full-year production increased 3% to 491,400 Bopd. The company achieved a 6% reduction in average well costs across its multi-basin portfolio and replaced 201% of 2024 production at a finding and development cost of $7.03 per Boe (GAAP).

For 2025, EOG announced a $6.2 billion capital plan targeting 3% oil production growth and 6% total production growth. The company declared a quarterly dividend of $0.975 per share, representing a 7% increase, and repurchased $981 million of shares in Q4 2024.

EOG Resources announced that Donald F. Textor will retire from the Board of Directors at the end of his current term and will not seek re-election at the company's 2025 annual stockholders meeting. Textor, who joined EOG's board in 2001, brought extensive experience from his 21-year career at Goldman, Sachs & Co., where he served as General Partner and Managing Director, specializing in oil and gas exploration and production companies.

During his tenure at EOG, Textor also served as Portfolio Manager of the Dorset Energy Fund and Partner at Knott Partners Management. Chairman and CEO Ezra Y. Yacob acknowledged Textor's significant contributions over his 24-year service, during which EOG grew from a small E&P company to become one of the largest independent E&P companies and a technology leader in the oil and gas sector.

EOG Resources has announced it will host a conference call and webcast to discuss its fourth quarter and full year 2024 results on Friday, February 28, 2025, at 9 a.m. Central time (10 a.m. Eastern time). The event will be accessible through the Investors/Events & Presentations page on EOG's website, where a replay will remain available for one year after the live broadcast.