EOG Resources (EOG) can generate free cash flows even in a weak oil and gas price environment, as evident from its latest quarterly results. The company has been growing its production at a double-digit pace while reducing costs. EOG Resources has been generating profits as well as free cash flows; and with a vast inventory of low-cost drilling locations, the shale driller can continue going this way for the next several years.
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Earnings Recap
EOG Resources reported an adjusted profit of $654 million, or $1.13 per share, down from