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HOUSTON (AP) _ EOG Resources Inc. (EOG) on Thursday reported second-quarter profit of $5.3 million.
On a per-share basis, the Houston-based company said it had net income of 1 cent. Earnings, adjusted for non-recurring costs, were 28 cents per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The oil and gas company posted revenue of $2.47 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.26 billion.
EOG Resources shares have fallen 16 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 1 percent. In the final minutes of trading on Thursday, shares hit $77.68, a drop of 27 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EOG at http://www.zacks.com/ap/EOG
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Keywords: EOG Resources, Earnings Report
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EOG Resources
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CODE : EOG |
ISIN : US26875P1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
EOG Res. is a and oil producing company based in United states of america. EOG Res. is listed in United States of America. Its market capitalisation is US$ 78.5 billions as of today (€ 73.4 billions). Its stock quote reached its lowest recent point on July 11, 2003 at US$ 10.00, and its highest recent level on April 26, 2024 at US$ 135.70. EOG Res. has 578 636 343 shares outstanding. |