EOG Resources, Inc. (EOG) , a leading exploration and production company, has witnessed three upward earnings estimate revisions for 2025 in the past seven days.Factors Working in Favor of EOGWest Texas Intermediate crude is trading above the $65 per barrel mark, which is still favorable for upstream operations. EOG Resources, currently carrying a Zacks Rank #2 (Buy), is well-placed to capitalize on the promising business scenario. It has significant undrilled premium locations, resulting in a brightened pr ...

Core Viewpoint - Crude oil prices have remained stable around $70, supported by OPEC supply decisions, economic growth, and geopolitical concerns, making it an ideal environment for top oil stocks to generate cash flow [1][11]. Company Summaries ConocoPhillips - ConocoPhillips has transformed into a low-cost oil producer, selling higher-cost assets and acquiring lower-cost resources, culminating in a $22.5 billion acquisition of Marathon Oil, adding over 2 billion barrels of resources with an average supply cost below $30 [3][4]. - The company plans to invest $12.9 billion in capital projects while returning $10 billion to shareholders through dividends and share repurchases, an increase from $9.1 billion returned last year [4][5]. Devon Energy - Devon Energy has adopted a similar strategy to ConocoPhillips, focusing on low-cost operations and recently acquiring Grayson Mill Energy, enhancing its position in the Williston Basin [6]. - The company expects to invest up to $4 billion this year, generating over $3 billion in free cash flow at $70 oil, with plans to return up to 70% of this cash flow to shareholders, prioritizing share repurchases [7][8]. EOG Resources - EOG Resources has built a low-cost production model, controlling over 10 billion barrels of oil equivalent, with an average after-tax return above 55% at $45 oil [9]. - The company estimates generating $4.7 billion in free cash flow at $70 oil after a $6.2 billion capital investment, planning to return over 100% of its free cash flow to investors through dividends and share repurchases [10]. Industry Outlook - ConocoPhillips, Devon Energy, and EOG Resources are positioned to thrive in the current oil price environment, generating substantial cash flow to support capital programs and return excess cash to shareholders, indicating strong potential for above-average total returns [11].

EOG Resources, Inc. (NYSE:EOG) Q4 2024 Earnings Conference Call February 28, 2025 10:00 AM ET Company Participants Pearce Hammond - Vice President, Investor Relations Ezra Yacob - Chairman and Chief Executive Officer Ann Janssen - Executive Vice President and Chief Financial Officer Jeff Leitzell - Executive Vice President and Chief Operating Officer Keith Trasko - Senior Vice President, Exploration and Production Lance Terveen - Senior Vice President, Marketing and Midstream Conference Call Participants Ne ...

4Q 2024 Earnings Presentation Pearce Hammond, Vice President IR (713) 571-4684, phammond@eogresources.com Neel Panchal, Senior Director IR (713) 571-4884, npanchal@eogresources.com Shelby O'Connor, Manager IR (713) 571-4560, soconnor@eogresources.com Sustainable Value Creation Through Industry Cycles EOG is focused on being among the highest return and lowest cost producers, committed to strong environmental performance and playing a significant role in the long-term future of energy Capital Discipline Oper ...

EOG Resources, Inc. (EOG) reported fourth-quarter 2024 adjusted earnings per share of $2.74, which beat the Zacks Consensus Estimate of $2.55. However, earnings decreased from the year-ago quarter’s $3.07.Total quarterly revenues of $5.59 billion missed the Zacks Consensus Estimate of $5.89 billion. The top line declined from $6.36 billion in the prior-year quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Better-than-expected quarterly earnings were driven by higher oil-equival ...

As oil and natural gas prices remain robust, energy companies across the value chain are set to reap the rewards. Upstream players stand to gain from strong crude pricing, driving increased exploration and production, while midstream firms benefit from rising demand for transportation and storage assets. With disciplined strategies, operational excellence and expansion initiatives, EOG Resources (EOG) and Enterprise Products Partners (EPD) are poised for a significant upside in this thriving energy landscap ...

EOG Resources (EOG) came out with quarterly earnings of $2.74 per share, beating the Zacks Consensus Estimate of $2.55 per share. This compares to earnings of $3.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.45%. A quarter ago, it was expected that this oil and gas company would post earnings of $2.73 per share when it actually produced earnings of $2.89, delivering a surprise of 5.86%.Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-9743 EOG RESOURCES, INC. (Exact name of registrant as specified in its charter) Delaware 47-0684736 (State or other jurisdiction of incorporation or organization) Ident ...

EXHIBIT 99.1 esources February 27, 2025 EOG Resources Reports Fourth Quarter and Full-Year 2024 Results; Announces 2025 Capital Plan HOUSTON - (PR Newswire) - EOG Resources, Inc. (EOG) today reported fourth quarter and full-year 2024 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 Fin ...

HOUSTON, Feb. 27, 2025 /PRNewswire/ -- EOG Resources, Inc. (EOG) today reported fourth quarter and full-year 2024 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 2024 3Q 2024 2Q 2 ...