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EOG Resources ( (EOG) ) has provided an update.
EOG Resources reported on its financial risk management activities, highlighting its use of financial commodity derivative contracts to stabilize future revenues and cash flows. The company noted a net cash receipt of $19 million from these contracts in the fourth quarter of 2024, with no cash from its Brent-linked sales agreement as deliveries are scheduled to begin in 2027. EOG’s actual crude oil and natural gas realizations differ from standard market prices due to factors like delivery location, quality, and other revenue adjustments.
More about EOG Resources
YTD Price Performance: 5.37%
Average Trading Volume: 2,963,227
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $73.91B
Learn more about EOG stock on TipRanks’ Stock Analysis page.