EOG Resources +1.6% as crude oil, condensate revenue jump 55%

EOG Resources (EOG) +1.6% premarket after Q3 earnings easily beat expectations and crude oil and condensate revenue, EOG's biggest contributor to the top line, grew 55% Y/Y.

EOG increased its U.S. crude oil and condensate production by 41% and total company crude oil and condensate production by 39%; total liquids production rose 33%.

Increases full-year crude oil and condensate production growth target for the second time in 2013 to 39% from 35%, and boosted its overall production growth target to 9% from 7.5%.

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Comments (2)
  • Simchad
    , contributor
    Comments (110) | Send Message
    This company never fails to impress.
    7 Nov 2013, 08:34 AM Reply Like
  • toptrotter
    , contributor
    Comments (155) | Send Message
    My cost basis is $112 and looking for the whole enchilada. Sorry it is one of my third tier holdings.
    7 Nov 2013, 06:25 PM Reply Like
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