EOG Well Performance Beats Expectations, 2017 Guidance Raised
EOG delivered production of 604,000 barrels of oil equivalent per day in the second quarter, which was 7% higher sequentially and 10% higher year over year. This was higher than management's forecast, and guidance for full-year 2017 production was revised upward as a result (firmwide output is now expected to grow 7% year on year, 2% higher than the previous estimate). Production costs came in lower than expected as well (falling 6% sequentially). However, these benefits were tempered by less fa...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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