Tuesday, March 4, 2025

EOG Reports Nearly 3,000% Increase in Net Income

“The EOG Machine is Firing on All Cylinders”: Chairman and CEO Bill Thomas EOG Resources, Inc. (NYSE: EOG) reported second quarter 2018 results and beats its oil, natural gas, and NGL production targets. Highlights Net income of $696.7 million, or $1.20 per share a 2,916% increase YOY Total crude oil production of 384,600 BOPD, up 15% YOY (Company Record) Total

Rig Count Dips

Operations reaching equilibrium near 1,050 rigs Drilling activity fell in the U.S. this week, as rig counts continue to meander near 1,050 total rigs, according to Baker Hughes Weekly Rig Count. A net four rigs shut down this week, leaving 1,044 active in the country. Five land-based rigs stopped drilling, while one offshore rig became active. There has been little