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EOG +3.2% on strong gains in Q1 earnings, revenues, production

  • EOG Resources (EOG) +3.2% premarket after reporting Q1 earnings rose 34% Y/Y and revenues that easily beat analyst estimates, benefiting from increased production.
  • EOG's total crude oil and condensate production during Q1 gained 42%, including growth of 45% in the U.S.; overall total company production increased 18%, led by a 37% increase in total liquids production.
  • Raised its 2014 crude oil and condensate production growth target to 29% from 27%, and raised its total production growth target for the year to 12% from 11.5%.
Comments (1)
  • Steve Zachritz
    , contributor
    Comments (478) | Send Message
     
    See today's post for our take:
    http://bit.ly/1g5fXux
    6 May, 09:27 AM Reply Like
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