EOG Resources, Inc.

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SKU: EOG-1 Category:

Description

EOG Resources surpassed the revenue expectations as well as the earnings expectations of Wall Street. The company has displayed a commendable trajectory, with a 33% increase in production, a 17% reduction in per unit operating costs, and the generation of substantial free cash flow and net income, surpassing $20 billion each. The commitment to shareholder value is evident through a nearly 350% augmentation in the regular dividend rate, coupled with the return of approximately $13 billion directly to shareholders while concurrently reducing total debt by over 40%. The third quarter results accentuate the employees’ exceptional execution, with robust performances in the foundational Delaware Basin and Eagle Ford assets and advancements in emerging plays. These achievements have not only surpassed expectations in production volumes, capital expenditures, and per-unit operating costs but have also empowered EOG to enhance its full-year oil production guidance and diminish its full-year cash operating cost projections. In the third-quarter results, EOG demonstrated confidence in its business outlook by implementing a 10% increase in the regular dividend, declaring a substantial $1.50 per share special dividend, and elevating its cash return commitment to shareholders, commencing in 2024 to a minimum of 70% of annual free cash flow. The introduction of the Utica Combo play underscores the success of EOG’s organic exploration, continually adding low-cost reserves and consistently driving down the DD&A rate.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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