Positive results for EOG resources
- EOG Resources $EOG+0.1% quarterly resultsare positive, with production exceeding the 1 million barrels of oil equivalent per day milestone .
- Adjusted net income reached $6.8 billion, demonstrating the company's financial stability.
- Free cash flow reached USD 5.1 billion, allowing the company to return more than 85% of free cash flow to shareholders.
- The company increased its regular dividend by 10%, underscoring its commitment to shareholders.
- For 2024, EOG Resources $EOG+0.1% plans $6.2 billion in capital expenditures to increase oil volumes by 3% and total production by 7%.
- Company strategy includes growing proved reserves, improving operating efficiencies and maintaining solid returns on capital for shareholders.
- With a solid balance sheet and clear plans for sustainable growth, $EOG+0.1% Resources $EOG+0.1% is in a strong position to deliver value to its shareholders.
What do you investors think of this company's performance?
