financetom
Business
financetom
/
Business
/
EOG Resources beats fourth-quarter profit estimates on higher production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EOG Resources beats fourth-quarter profit estimates on higher production
Feb 27, 2025 1:40 PM

Feb 27 (Reuters) - EOG Resources ( EOG ) beat

fourth-quarter profit estimates on Thursday, as higher

production at the oil and gas firm helped offset lower oil

prices.

Data from the U.S. Energy Information Administration showed

that oil production in the country rose to a record in October,

as drilling and well efficiencies helped companies put out more

oil than before.

Quarterly crude equivalent volumes were up 6.7% at nearly

1.1 million barrels of oil per day (boepd) from the previous

year.

It expects to pump between 1.1 million boepd and 1.14

million boepd in 2025.

The company reported an adjusted profit of $2.74 per share

for the quarter ended December 31, compared with the analysts'

average estimate of $2.57 per share, according to data compiled

by LSEG.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Apple to Begin Building Priciest iPhones in India This Year
Market Chatter: Apple to Begin Building Priciest iPhones in India This Year
Aug 20, 2024
09:06 AM EDT, 08/20/2024 (MT Newswires) -- Apple ( AAPL ) will make its most expensive iPhone models in India for the first time this year, Bloomberg reported Tuesday, citing people familiar with the matter. Apple ( AAPL ) supplier Foxconn Technology plans to begin assembling the iPhone 16 Pro and Pro Max at its factory in Tamil Nadu state...
AmpliTech Group to Deploy Private 5G Network in California; Shares Rise Premarket
AmpliTech Group to Deploy Private 5G Network in California; Shares Rise Premarket
Aug 20, 2024
09:06 AM EDT, 08/20/2024 (MT Newswires) -- AmpliTech Group ( AMPG ) said Tuesday it signed a Memorandum of Understanding with a US-based IP Data Networking company to deploy a Private 5G Network in California. AMPG shares were up past 7% premarket Tuesday. Under the contract, AmpliTech ( AMPG ) would also provide network planning and optimization services. The company...
SunCar Technology's Shengshi Dalian to Provide Auto E-Insurance Services for SAIC Maxus
SunCar Technology's Shengshi Dalian to Provide Auto E-Insurance Services for SAIC Maxus
Aug 20, 2024
09:09 AM EDT, 08/20/2024 (MT Newswires) -- SunCar Technology ( SDA ) said Tuesday that its unit, Shengshi Dalian Insurance Agency, will provide SAIC Maxus with auto e-insurance services under a two-year contract. SAIC Maxus will use Shengshi Dalian's online platform for its dealerships across China, SunCar ( SDA ) said. The service fee for year one of the deal...
Market Chatter: Forward Air Urged by Activist Investor Ancora to Consider Sale
Market Chatter: Forward Air Urged by Activist Investor Ancora to Consider Sale
Aug 20, 2024
09:13 AM EDT, 08/20/2024 (MT Newswires) -- Activist Investor Ancora Holdings has urged Forward Air ( FWRD ) to launch a strategic review and consider a sale, Reuters reported Tuesday, citing a letter by Ancora to the Forward Air ( FWRD ) board that it viewed. Ancora also warned that a board challenge could follow if investors' calls for action...
Copyright 2023-2026 - www.financetom.com All Rights Reserved