Eog Resources Inc.
EOG Resources Announces Fourth Quarter 2023 Results and 2024 Forecast
Summary
EOG Resources, Inc. announced its fourth quarter 2023 financial and operational results, along with its first quarter and full year 2024 forecast and benchmark commodity pricing information on February 22, 2024. The press release, furnished as Exhibit 99.1, reported a total operating revenue of $25,702 million for the year 2023, net income of $7,759 million, and diluted earnings per share of $13.31. The company also provided forecasts for the first quarter and full year 2024, along with benchmark commodity pricing information.
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Exhibits (1)
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About Eog Resources Inc.
Eog Resources Inc. is a leading independent crude oil and natural gas exploration and production company. The primary function of Eog Resources Inc. is to discover, develop, and sustainably extract energy resources, focusing on cost efficiency, operational excellence, and innovative technological approaches. It predominantly operates in the exploration and production sector of the energy industry, with substantial operations across major oil and gas basins in the United States, including the Permian Basin, Eagle Ford, and Delaware Basin. Notably, Eog Resources Inc. emphasizes maximizing shareholder value through disciplined capital allocation and a robust portfolio of high-return, low-cost projects. This company plays a vital role in the energy market, contributing to the supply side of the global energy balance, which is crucial for supporting industrial operations, transportation, and power generation. Its strategic approach includes deploying advanced drilling and completion technologies to enhance production efficiency and minimize environmental impact. As an entity with a significant market footprint, Eog Resources Inc. continues to influence trends in the energy sector, focusing on financial performance and sustainability.
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