Why EOG Resources Shares Are Declining Premarket Friday



EOG Resources Inc (NYSE:EOG) shares are declining today after it posted fourth-quarter FY23 results

Revenue of $6.36 billion, beating the consensus of $6.19 billion. Crude Oil Equivalent stood at 1,026.2 MBoed vs. 909.1 MBoed the prior year. Adjusted EPS was $3.07, in line with the consensus.

Total oil production came in at 485.2 Bopd (vs. 465.6 Bopd prior year quarter), Natural Gas Liquids stood at 235.8 MBbld (vs. 189.0 MBbld), and Natural Gas came in at 1,831 MMcfd (vs. 1,527 MMcfd).

Dividend: The company disclosed the quarterly dividend per share of $0.91, payable on April 30, 2024, to …

Full story available on Benzinga.com


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