Welcome to our dedicated page for EOG Resources news (Ticker: EOG), a resource for investors and traders seeking the latest updates and insights on EOG Resources stock.
EOG Resources, Inc. reports financial, operational and portfolio developments for a crude oil and natural gas exploration and production business with proved reserves in the United States and Trinidad. Recurring updates cover oil, natural gas liquids and natural gas volumes, commodity price realizations, per-unit operating costs, capital expenditures, cash flow, dividends and share repurchases.
Company news also describes EOG's multi-basin asset base, including activity tied to the Delaware Basin, Eagle Ford, Utica, Dorado, Powder River Basin and Trinidad, as well as international exploration opportunities. Governance updates, board changes, conference presentations and annual capital-plan disclosures add context around management priorities and capital allocation.
EOG Resources, Inc. will hold a conference call on May 7, 2021, at 9 a.m. Central time to discuss its first quarter 2021 results. Investors can access the live webcast via the EOG website and will also have the option to listen to a replay for one year. EOG, one of the largest crude oil and natural gas companies in the U.S., has proved reserves in the U.S., Trinidad, and China. For further details, investors can refer to the company’s website.
EOG Resources is set to present at the Evercore ISI Elite Energy Summit on March 17, 2021, at 9:45 a.m. Central time. The presentation will be led by William R. Thomas, Chairman and CEO, representing EOG. Investors can access the live webcast on the EOG website, with a replay available for ninety days thereafter. EOG is recognized as one of the largest crude oil and natural gas exploration and production companies in the U.S., holding proved reserves across the U.S., Trinidad, and China.
EOG Resources reported strong fourth quarter and full-year 2020 results, highlighting a net income of $337 million for Q4 and $850 million for the year, with adjusted earnings of $0.71 per share. The company generated $666 million in free cash flow in Q4, leading to a 10% dividend increase to an annual rate of $1.65. EOG's capital expenditures were below guidance, emphasizing operational efficiency, while maintaining a debt-to-total capitalization of 22.3%. EOG aims to achieve zero routine flaring by 2025 and net zero GHG emissions by 2040.
EOG Resources, Inc. (EOG) has announced a conference call and webcast to discuss its fourth quarter and full year 2020 results, scheduled for February 26, 2021, at 9 a.m. Central time. Investors can access the live webcast through the EOG website, with a replay available for one year. EOG is a major player in crude oil and natural gas exploration and production in the United States and has operations in Trinidad and China.
EOG Resources has announced the promotion of Ezra Y. Yacob to President, effective immediately. Yacob, who has been with EOG since 2005, previously served as Executive Vice President, Exploration and Production. He played a key role in the success of the Delaware Basin and has helped create a strong portfolio of exploration opportunities. Yacob's strong leadership and technical skills are expected to benefit EOG's operations as it continues to focus on crude oil and natural gas production across its extensive assets in the U.S., Trinidad, and China.
The Board of Directors of EOG Resources has declared a quarterly dividend of $0.375 per share on its Common Stock, scheduled for payment on January 29, 2021. Stockholders of record as of January 15, 2021 will receive this dividend, reflecting an indicated annual rate of $1.50. EOG Resources is recognized as one of the largest producers in the U.S. for crude oil and natural gas, boasting significant proved reserves across the U.S., Trinidad, and China.
On November 5, 2020, EOG Resources reported a third-quarter net loss of $42 million, or $0.07 per share, compared to net income of $615 million, or $1.06 per share, in Q3 2019. Adjusted net income was $252 million, down from $654 million. The company generated $1.2 billion in net cash from operating activities and identified a significant natural gas play in South Texas with a potential of 21 Tcf. EOG added 1,400 net premium drilling locations, bringing the total to 11,500. Capital expenditures were 23% below target, with crude production exceeding expectations by 2%. EOG's new three-year outlook targets 70-80% reinvestment of cash flow.
EOG Resources is set to present at two upcoming conferences. Ezra Y. Yacob will represent EOG at the BofA Securities Global Energy Conference on November 11 at 8:00 a.m. CT. Additionally, Lloyd W. "Billy" Helms, Jr. will present at the Bernstein Operational Decisions Conference on November 17 at 10:00 a.m. CT. Interested parties can access live webcasts and recorded replays on EOG's website. EOG is a leading crude oil and natural gas exploration and production company with operations in the United States, Trinidad, and China.
Summary not available.
EOG Resources announced the appointment of Michael T. Kerr to its Board of Directors, effective October 5, 2020. Kerr brings over 36 years of investment experience, primarily with Capital Group, where he managed multiple funds and covered global oil and gas companies. His insights are expected to add value to EOG's strategic direction. Additionally, the company declared a quarterly dividend of $0.375 per share, payable on October 30, 2020, with an annual rate of $1.50.