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EOG Resources not looking to hedge oil production, says CEO
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EOG Resources not looking to hedge oil production, says CEO
May 29, 2024 9:44 AM

HOUSTON, May 29 (Reuters) - U.S. shale producer EOG

Resources ( EOG ) is not currently looking to hedge its output,

but is active in gas hedging, EOG's CEO, Ezra Yacob said at the

annual Bernstein Strategic Decisions Conference in New York on

Wednesday.

"On the oil side we do not see any reason to hedge", Yacob

said.

"On the gas side, we do actually have some hedges in right

now", Yacob added, citing the company's exposure to the

liquefied natural gas (LNG) market.

(Reporting by Georgina McCartney and Arathy Somasekhar in

Houston)

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