Core Viewpoint - EOG Resources is outperforming its Oils-Energy sector peers in year-to-date returns, indicating a positive investment opportunity for investors interested in this sector [1][4]. Company Performance - EOG Resources is ranked 6 in the Zacks Sector Rank among 247 companies in the Oils-Energy group [2]. - The stock currently holds a Zacks Rank of 2 (Buy), reflecting a favorable earnings outlook [3]. - Over the past three months, the Zacks Consensus Estimate for EOG's full-year earnings has increased by 2.3%, indicating improving analyst sentiment [4]. - Year-to-date, EOG Resources has returned approximately 5.1%, outperforming the Oils-Energy sector average return of 3.1% [4]. - EOG is part of the Oil and Gas - Exploration and Production - United States industry, which ranks 42 among 34 companies, while this industry has seen an average loss of 16.3% this year [6]. Comparison with Peers - Sunoco LP (SUN) has also outperformed the Oils-Energy sector with a year-to-date return of 9.6% and a Zacks Rank of 1 (Strong Buy) [5]. - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, which includes Sunoco LP, has moved up by 10% this year, but it ranks 157 among 6 stocks [7].

Core Points - EOG Resources, Inc. announced the retirement of Donald F. Textor from its Board of Directors at the end of his current term, with no plans for re-election at the 2025 annual stockholders meeting [1] - Textor has served on EOG's Board since 2001 and has a notable background as a senior security analyst in the oil and gas sector, contributing to EOG's growth and success [1][2] - The company has expressed gratitude for Textor's contributions, highlighting his role in navigating commodity price cycles and delivering shareholder value [2] Company Overview - EOG Resources, Inc. is one of the largest crude oil and natural gas exploration and production companies in the United States, with proved reserves in the U.S. and Trinidad [3]

Group 1: Tariff Impact on Energy Markets - U.S. President Donald Trump's tariffs include a 25% tariff on Canadian and Mexican exports and a 10% levy on Chinese imports, aimed at addressing illegal immigration and drug trade concerns, leading to volatility in commodity and energy markets [1] - Goldman Sachs predicts that Canadian oil producers will face a $3-$4 per barrel widening of the Canadian crude discount due to limited alternative export routes, while U.S. refiners and consumers will see an additional cost burden of $2-$3 per barrel [2] - The energy sector, being a major consumer of steel and aluminum, may experience slowed infrastructure projects and reduced profitability due to higher raw material costs from tariffs [5] Group 2: Natural Gas Market Effects - The impact on natural gas exports is expected to be more muted, with Goldman Sachs forecasting a modest decline of 0.16 billion cubic feet per day in Canadian natural gas exports to the United States due to the tariffs [3] Group 3: Potential Benefits for U.S. Oil Producers - Tariffs on foreign oil imports may make domestically produced crude more attractive, potentially benefiting shale producers as refiners seek alternatives within the country [6] Group 4: U.S. Energy Companies Positioned to Benefit - EOG Resources, Cheniere Energy, and Exxon Mobil Corporation are identified as U.S. energy companies likely to gain from the evolving tariff landscape, with EOG Resources currently holding a Zacks Rank 2 (Buy) and the other two holding a Zacks Rank 3 (Hold) [7] - EOG Resources focuses on high-efficiency production, particularly in the Permian and other shale basins, with a market capitalization of around $71.1 billion and shares rising 14.5% over the past year [8] - Cheniere Energy, a leading U.S. LNG exporter, may see increased demand for American liquefied natural gas as Canadian exports face challenges, with a market capitalization of approximately $51.5 billion and shares climbing 42.4% over the past year [9] - ExxonMobil, with a market capitalization of about $470.7 billion and shares rising 7.5% over the past year, is well-positioned to benefit from constrained Canadian crude imports, particularly in its upstream operations in the Permian Basin [10]

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Group 1: Company Overview - EOG Resources is one of 248 companies in the Oils-Energy group, which is currently ranked 6 within the Zacks Sector Rank [2] - EOG Resources has a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] Group 2: Performance Metrics - Year-to-date, EOG Resources has returned approximately 7.7%, outperforming the Oils-Energy sector's average return of 6.4% [4] - EOG Resources belongs to the Oil and Gas - Exploration and Production - United States industry, which has gained about 10.6% this year, indicating that EOG is slightly underperforming its industry [6] Group 3: Comparative Analysis - Another stock in the Oils-Energy sector, Sunoco LP, has outperformed both the sector and EOG Resources with a year-to-date return of 8.5% [4] - Sunoco LP's current year EPS consensus estimate has increased by 62.6% over the past three months, and it holds a Zacks Rank of 1 (Strong Buy) [5] - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, to which Sunoco LP belongs, has moved up by 67% this year, indicating strong performance compared to EOG's industry [7]

In its last weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicate the demand trajectory for the company’s oil ...

HOUSTON, Jan. 16, 2025 /PRNewswire/ -- EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss fourth quarter and full year 2024 results on Friday, February 28, 2025, at 9 a.m. Central time (10 a.m. Eastern time). Please visit the Investors/Events & Presentations page on the EOG website to access a live webcast of the conference call. If you are unable to listen to the live webcast, a replay will be available for one year.    If you have any questions, please contact Angie Lewis at 713- ...

Key TakeawaysSanctions against Russian oil exports to China and India have pushed oil prices back into bullish territory.The price of West Texas Intermediate crude is trading above $78 per barrel, the highest since August.Stocks that look to gain include oil exploration and production companies like ExxonMobil and EOG Resources.The Biden administration's introduction of new sanctions targeting Russian oil exports to China and India has contributed to a resurgence in oil prices, pushing them back into bullis ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of EOG, CVX, XOM, APA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The contents of this article, my previous articles, and my comments are for informational purposes only and may not be considere ...

In its last weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was in line with the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicate the demand trajectory for the company’s o ...