This Is What Makes EOG Resources Inc. Different From Other Oil Companies
EOG Resources (NYSE: EOG) is a shale drilling machine. That was evident in the recently completed third quarter when the company beat back Hurricane Harvey to post solid results. As a result, it's on pace to boost production 20% this year while living within cash flow, which is a remarkable feat considering that many oil companies can barely maintain their production at current oil prices.
The reason EOG Resources is thriving in the current market conditions is that the company does things differently. That was evident in the comments of CEO Bill Thomas on the accompanying conference call. Here's what he believes sets the company apart from rival drillers.
Image source: Getty Images.
Source: Fool.com
EOG Resources Inc. Stock
€117.60
0.640%
With 38 Buy predictions and not a single Sell prediction EOG Resources Inc. is an absolute favorite of our community.
As a result the target price of 140 € shows a slightly positive potential of 19.05% compared to the current price of 117.6 € for EOG Resources Inc..
