With a market cap of approximately $69.2 billion, EOG Resources, Inc. (EOG) is one of the largest independent exploration and production (E&P) companies in the United States, focused on the drilling, development, and production of crude oil, natural gas, and natural gas liquids (NGLs). Headquartered in Houston, Texas, EOG is widely regarded as a low-cost, high-efficiency shale operator with a strong emphasis on returns and capital discipline.
The energy sector giant is gearing up to announce its first-quarter results on Tuesday, May 5, after the market closes. Ahead of the event, analysts expect EOG to report an adjusted profit of $3.01 per share, up 4.9% from $2.87 per share reported in the year-ago quarter. On a positive note, the company has surpassed Street’s bottom-line projections in each of the past four quarters.
