10.7 C
Munich
Sunday, May 26, 2024

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

Must read

- Advertisement -


oil pumps on sunset

ssuaphoto/iStock via Getty Images

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

- Advertisement -

- Advertisement -



Source link

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article