EOG Resources ( (EOG) ) has provided an announcement.
EOG employs financial instruments like swaps and options to secure future revenue and cash flow, using mark-to-market accounting for transparency. Despite not receiving cash from its Brent-linked Sales Agreement yet, it benefitted from $61 million in net cash from derivative settlements in Q3 2024. Market conditions saw crude oil at $75.16 per barrel and natural gas at $2.16 per MMBtu, with EOG’s realizations varying due to factors like location and quality, especially for natural gas liquids, which are priced based on their individual components.
For a thorough assessment of EOG stock, go to TipRanks’ Stock Analysis page.
