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This article part of a series that provides an ongoing analysis of the changes made to Harris Associates' 13F stock portfolio on a quarterly basis. It is based on Harris Associates' regulatory 13F Form filed on 05/15/2020. William Nygren's 13F portfolio value decreased ~36% from $56.41B to $...
Q1 earnings was just a few weeks ago, with most oil and gas companies reporting between around the end of April and the first week of May. At the time, West Texas Intermediate (“WTI”) averaged just a touch over $20.00/barrel, with many in the market fearing that storage would so...
This has been a brutal year for dividend investors. More than 175 publicly traded companies have trimmed their payouts by at least 50%, with many suspending them entirely. The oil sector was one of the hardest-hit by those dividend cuts, as many payouts plunged along with oil prices ....
Uncertainty continues in the oil market as OPEC and its allies extended output cuts over the weekend, while U.S. shale companies have begun reopening existing wells as stay-at-home restrictions ease across the country. The Wall Street Journal reports that companies including Parsley Energ...
J.P. Morgan thinks crude oil could hit $190/barrel by 2025. That stunning figure was buried in a detailed, 65-page report from its European equity research team, titled “Supercycle on the Horizon.” Due to the unfortunate timing of its release - March 3, 2020 - the report unders...
The COVID-19 outbreak hammered demand for oil. That pushed prices to such depths earlier this year that several producers had no choice but to turn off some of their pumps to stop the bleeding. However, with governments lifting restrictions on travel and non-essential businesses, gasol...
EOG Resources ( EOG ), like virtually all other shale oil producers, has aggressively cut production and its capital budget in response to the weakness in oil prices. The Houston, Texas,-based company has a high-quality asset base than can generate decent returns at low oil prices. The com...
According to a report by Bloomberg, OPEC and its participating partner nations have agreed to extend their current crude oil production cut agreement through the end of July. The extension follows a breakthrough with Iraq, which did not fully participate in the initial output curb, making less ...
Oil prices have been crazy volatile this year. West Texas Intermediate, the primary U.S. oil price benchmark, started 2020 in the mid-$60s. However, it crashed into negative territory in April as surging supplies collided with cratering demand, causing oil storage terminals to f...
From the recent data and analysis occurring across multiple sources, the economic environment in which we find ourselves is looking tepid, to understate things. Dallas Federal Reserve Bank President Steven Kaplan stated in a Reuters interview that he does not expect the global oil glut...
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EOG Resources Inc. (EOG) is expected to report $2.98 for Q2 2024
2024-08-02 14:15:13 ET Image source: The Motley Fool. EOG Resources (NYSE: EOG) Q2 2024 Earnings Call Aug 02, 2024 , 10:00 a.m. ET Operator Continue reading For further details see: EOG Resources (EOG) Q2 2024 Earnings Call Transcript
EOG Resources Reports Second Quarter 2024 Results PR Newswire HOUSTON , Aug. 1, 2024 /PRNewswire/ -- EOG Resources, Inc. (EOG) today reported second quarter 2024 results. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP ...