EOG Assets Inc. (EOG) has reported a internet revenue of $1.46 billion and a income of $5.67 billion for the primary quarter of 2025.
Q1 2025 internet revenue was under the $1.79 billion logged for the corresponding quarter in 2024 however above the $1.25 billion recorded for This autumn 2024. Income fell from $6.12 billion for Q1 2024 however elevated from $1.25 billion for This autumn 2024.
“Outcomes have been pushed by stable execution throughout each foundational and rising performs”, mentioned chairman and chief government officer Ezra Yacob. “The corporate’s monetary place offers EOG the power to return higher than 100% of annual free money circulate within the close to time period. Sturdy working outcomes generated $1.3 billion of free money circulate within the quarter. EOG returned $1.3 billion to shareholders via $538 million in common dividends and $788 million of share repurchases”.
Manufacturing was 1.09 million barrels of oil equal per day, steady by each sequential and prior-year comparisons. Crude oil and condensate manufacturing was at 502,100 barrels per day (bpd), above the 494,600 bpd reported for This autumn 2024 and 487,400 bpd for Q1 2024. Pure gasoline manufacturing was regular quarter-on-quarter and better year-on-year.
The corporate mentioned it now anticipates complete capital expenditures for 2025 to be between $5.8 billion and $6.2 billion, reflecting a $200 million lower from its earlier forecast. It goals to maintain oil manufacturing on the ranges seen within the first quarter of 2025 for the remainder of the yr, representing a 2 p.c enhance in full-year oil manufacturing and 5 p.c development in complete manufacturing.
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