EOG Resources (EOG) will likely report a drop in profits when it releases its first-quarter results in the coming days. The shale oil producer might lower its oil price outlook and announce additional spending cuts. The good thing is that the Houston, Texas-based company has expanded its hedge coverage and now offers better downside protection than before. Moreover, EOG Resources will likely highlight that it is in good financial health and can withstand this downturn in the energy market.
Image courtesy of Pixabay
EOG Resources will release its Q1-2020 results and host a