EOG Resources' Quarterly Profit Falls as Shares Drop on Lower Oil Prices and Production Plans
MP Materials beat earnings expectations by $0.02 but missed revenue estimates. EOG Resources missed earnings by $0.01 but exceeded revenue projections. EOG Resources' quarterly profit declined due to lower oil prices. Shares of EOG dropped significantly after announcing plans to increase spending and production below analyst forecasts.
Sources
Bloomberg Technology
Shares of EOG plunged the most in nine months after the shale-oil driller unveiled plans to raise spending and raise production less than analysts expected https://t.co/3UF0zjbHzq
Bloomberg Markets Shares of EOG plunged the most in nine months after the shale-oil driller unveiled plans to raise spending and raise production less than analysts expected https://t.co/6IKau1rI69
Bloomberg Shares of EOG plunged the most in nine months after the shale-oil driller unveiled plans to raise spending and raise production less than analysts expected https://t.co/AEyWDjoLBa
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