EOG thinks cash grows on trees
Oh great, EOG just bragged about squeezing more oil and gas out while spending less money. Like anyone’s surprised. They hit some magic numbers—$1.4 billion free cash flow, $1.5 billion net income. Big whoop. Then they throw $1 billion back to shareholders. Because flooding the market with cash is the only way to keep those fat cats happy.
They keep yapping about “diversifying production” and “accelerating free cash flow,” as if the commodity rollercoaster ever stops spinning. Meanwhile, regular humans juggle bills. But hey, no one’s stopping EOG from painting themselves as the heroes of oil and gas.
If you want the inside track on who’s really cashing in, check out [this one]. Nothing says luxury like a billion-dollar dividend party every quarter.
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