EOG Resources Capitalizes on Derivative Strategies in Q3
Company Announcements

EOG Resources Capitalizes on Derivative Strategies in Q3

Don't Miss out on Research Tools:

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.

Related Articles
Joshua EnomotoHow to Possibly Earn a Huge 158% Payout with EOG Stock Call Spreads
TheFlyRoku, Robinhood upgraded: Wall Street’s top analyst calls
TheFlyEOG Resources downgraded to Neutral on valuation at Piper Sandler
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App