Earnings Highlights EOG

EOG Resources (EOG)
The company improved productivity and base production performance through innovations in completion design and artificial lift automation. Improved productivity, sustainable efficiency improvements from extended laterals, and EOG's in-house drilling motor program helped lower well costs by 6% in 2024.  2024 also marked another year of progress in EOG’s Utica and Dorado plays that resulted in consistent, strong results helping to support higher activity going forward.  Q4 2024 natural gas production was above the midpoint of the guidance range and up 6% from Q3 2024.
The 2025 capital program is anchored by steady year-over-year activity levels in the Delaware Basin, along with a step up in activity in the Utica and Dorado plays.  EOG is stepping up activity in their natural gas basin plays, while keeping their oil plays in maintenance mode.  EOG’s 2025 midpoint production guidance indicates double-digit YOY natural gas production growth with a substantial sequential increase after Q1 2025. EOG’s 2025 midpoint oil production guidance indicates ~1% YOY production growth with sequential declines after Q1 2025.