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Friday, September 29, 2023

EOG Resources tops Q1 profit estimates on higher production, strong oil demand (NYSE:EOG)

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EOG Resources (NYSE:EOG) +3.3% pre-market Friday after easily beating Wall Street expectations for Q1 adjusted earnings and revenues, benefiting from sustained fuel demand and tight crude supplies.

Q1 net income surged more than fivefold to $2.02B, or $3.45/share, from $390M, or $0.67/share, in the year-earlier quarter, revenues jumped 52% Y/Y to $6.04B, and cash


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