Saudi Aramco CEO Amin Nasser stated that the peak in demand for fossil fuels is not expected to happen in the near future and emphasized that the existing energy transition strategy is evidently falling short on many fronts. Thus, the outlook for oil and gas companies seems bright, paving the way for EOG Resources (EOG) , Matador Resources Company (MTDR) and Diamondback Energy, Inc. (FANG) to gain.Energy Transition FailingNasser mentioned that despite investments across the world exceeding $9.5 trillion in ...

In the latest market close, EOG Resources (EOG) reached $123.79, with a +1% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.29%. On the other hand, the Dow registered a loss of 0.35%, and the technology-centric Nasdaq decreased by 0.3%.The oil and gas company's stock has climbed by 10.41% in the past month, exceeding the Oils-Energy sector's gain of 6.58% and the S&P 500's gain of 4.42%.The investment community will be paying close attention to the earnings performanc ...

EOG Resources (EOG) closed at $118.72 in the latest trading session, marking a +0.74% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.65%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq decreased by 1.16%.The oil and gas company's shares have seen an increase of 4.24% over the last month, not keeping up with the Oils-Energy sector's gain of 4.75% and outstripping the S&P 500's gain of 3.4%.The upcoming earnings release of ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about EOG Resources (EOG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.EOG Resources currently has a ...

cta88/iStock via Getty Images EOG Resources Inc. (NYSE:EOG) is an American energy company that engages in hydrocarbon exploration and production. Founded in 1999, EOG Resources is now a $66 billion (by market cap) energy monster that employs nearly 3,000 people. EOG Resources primarily operates across a number of US shale fields and basins, including Williston Basin, Powder River Basin, DJ Basin, Anadarko Basin, Barnett Shale, Permian Basin, Eagle Ford, Dorado, South Texas, Utica, and the Columbus Basin ...

EOG Resources, Inc. (EOG) reported fourth-quarter 2023 adjusted earnings per share of $3.07, which missed the Zacks Consensus Estimate of $3.14. The bottom line declined from the year-ago quarter’s level of $3.30.Total quarterly revenues of $6,357 million beat the Zacks Consensus Estimate of $6,169 million. The top line, however, declined from $6,719 million reported in the prior-year quarter.Weak quarterly earnings were primarily due to lower realizations of commodity prices. Operational PerformanceIn the ...

EOG Resources (EOG) reported $6.36 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 5.4%. EPS of $3.07 for the same period compares to $3.30 a year ago.The reported revenue represents a surprise of +3.05% over the Zacks Consensus Estimate of $6.17 billion. With the consensus EPS estimate being $3.14, the EPS surprise was -2.23%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

EOG Resources (EOG) came out with quarterly earnings of $3.07 per share, missing the Zacks Consensus Estimate of $3.14 per share. This compares to earnings of $3.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.23%. A quarter ago, it was expected that this oil and gas company would post earnings of $2.95 per share when it actually produced earnings of $3.44, delivering a surprise of 16.61%.Over the last four quarters, the ...

HOUSTON, Feb. 22, 2024 /PRNewswire/ -- EOG Resources, Inc. (EOG) today reported fourth quarter and full-year 2023 results. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP measures to GAAP measures and related definitions, along with a related presentation, are also available on EOG's website at http://investors.eogresources.com/investors. Key Financial Results In millions of USD, except per-share, per-Boe and ratio data GAAP 4Q 2023 3Q 2023 2 ...

CHINA - 2023/02/19: In this photo illustration, the American energy company EOG Resources logo is ... [+] seen displayed on a smartphone with an economic stock exchange index graph in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesEOG Resources (NYSE: EOG), an energy company engaging in the exploration, development, production, and marketing of crude oil and natural gas, is scheduled to announce its fiscal fourth-quarter ...