Investing.com - EOG Resources (NYSE:EOG) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
EOG Resources announced earnings per share of $0.71 on revenue of $2.97B. Analysts polled by Investing.com anticipated EPS of $0.3654 on revenue of $2.89B.
EOG Resources shares are up 41.61% from the beginning of the year, still down 3.05% from its 52 week high of $72.84 set on February 24. They are outperforming the S&P 500 which is up 1.95% from the start of the year.
EOG Resources follows other major Energy sector earnings this month
EOG Resources's report follows an earnings beat by Exxon Mobil on February 2, who reported EPS of $0.03 on revenue of $46.54B, compared to forecasts EPS of $0.0078 on revenue of $46.55B.
Chevron had missed expectations on January 29 with fourth quarter EPS of $-0.01 on revenue of $25.25B, compared to forecast for EPS of $0.0918 on revenue of $25.82B.
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