EOG said operating revenues for Q3 2024 decreased $247 million (4%) from $6,212 million for the same period a year earlier, to $5,965 million. Wellhead revenues fell $251 million (5%) to $4,384 million.

1. 01

   EOG said operating revenues for Q3 2024 decreased $247 million (4%) from $6,212 million for the same period a year earlier, to $5,965 million. Wellhead revenues fell $251 million (5%) to $4,384 million.

2. 02

   EOG said its composite wellhead crude oil and condensate price for Q3 2024 was $76.92 per barrel, down 8% from $83.60 in the same period of last year. NGL deliveries rose 23.2 MBbld (10%) in the same quarter, and natural gas deliveries increased 266 MMcfd (16%).

3. 03

   EOG said it had $6.1 billion in cash and cash equivalents as of September 30, 2024, and its debt-to-total capitalization ratio was 11%. It repurchased shares for about $758 million over 3 months and for about $2,198 million over 9 months.

4. 04

   EOG said its Board raised the quarterly cash dividend from $0.91 to $0.975 per share on November 7, 2024, and increased the share repurchase authorization from $5 billion to $10 billion.

Key figures

Quarter ended September 30, 2024

Revenue

$6.0B

Operating income

$2.1B

Net income

$1.7B

EPS

$2.95

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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