EOG Adds Two More Years of Premium Runway
EOG delivered production of 702 thousand barrels of oil equivalent per day in the second quarter, keeping the firm on track to hit prior targets for full-year production growth and capital spending. The firm tightened its oil growth forecast to 17%-19% (previously 16%-20%) but reduced its unit cost reduction to 6% (from 7%). Nevertheless, adjusted EBITDA and adjusted earnings per share were comfortably ahead of consensus forecasts. The average selling price of its U.S. crude was within a few bas...EOG Resources, together with its subsidiaries, explores for, develops, produces and markets crude oil, natural gas liquids and natural gas primarily in main producing basins in the United States, The Republic of Trinidad and Tobago, The People's Republic of China, Canada and, from time to time, select other international areas.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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