EOG Resources (EOG) Misses Q1 EPS by 11c

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Go back to EOG Resources (EOG) Misses Q1 EPS by 11c

EOG Resources Reports First Quarter 2020 Results and Updates 2020 Plan in Response to Oil Market Downturn; Company Well-Positioned to Emerge Stronger in a Recovery

May 7, 2020 4:16 PM EDT

HOUSTON, May 7, 2020 /PRNewswire/ --

Reduced Full-Year 2020 Capital Plan by an Additional $1.0 Billion to $3.3 to $3.7 Billion, Representing a Total Reduction of 46% Compared with Original Plan Target 2020 Well Cost Savings of 8% Declared Unchanged Common Stock Dividend of $0.375 per Share, or $1.50 Indicated Annual Rate First Quarter Crude Oil Production Within Target Range with Capital Expenditures 14% Below Target Midpoint

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