ATLAS News · Energy
EOG Resources reported record oil, NGL and gas output for Q3 and lifted its regular dividend by 8%, according to Simply Wall St and ad-hoc-news.de.
EOG Resources (EOG) reported record oil, natural gas liquids and gas production for the third quarter, according to ad-hoc-news.de. The company also raised its regular dividend.
Simply Wall St says the November 5 update combined third quarter earnings, record production figures, new guidance and an 8% increase in the regular dividend. Yahoo Finance also covers the 8% dividend increase in its own analysis of the move.
Simply Wall St adds that the update put the company back in focus amid shifting energy sentiment.
Oil and gas producers often pair production results with updates to shareholder payouts when they report quarterly earnings.
Record output and a higher dividend are details investors in the energy sector may weigh when assessing EOG's operations and payout policy.
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