EOG Resources: What Is Their New Strategic Approach To Premium Drilling Locations?

EOG Resources, in its Second Quarter 2024 Earnings Results Conference Call, highlighted several key aspects of its performance and strategic direction. The company reported a substantial adjusted net income of $1.8 billion and generated $1.4 billion in free cash flow, indicating a robust financial position. Total liquids production forecast for the year was increased by 11,800 barrels per day, and operational efficiencies were projected to reduce per unit cash operating costs by $0.15, enhancing the forecasted free cash flow to an impressive $5.7 billion for the full year. This demonstrates EOG’s ability to exceed targets and optimize operations across its diverse asset portfolio.