XOM - Speculation swirls around potential bid for EOG Resources

EOG Resources ([[EOG]] -1.7%) spiked as much as 4.7% just before closing lower, apparently in response to a Betaville report that market rumors say a "major oil company" is considering a bid for EOG.The oil company evaluating a bid is not known, although the speculation centers on companies such as Chevron (CVX), Exxon Mobil (XOM) and Total (TOT), according to the report.The Betaville report is an "uncooked alert," a term it uses to refer to market gossip.

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Speculation swirls around potential bid for EOG Resources