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Thursday, February 17, 2011

EOG 4Q10 and Full Year Earnings

Link here.

Excluding some items (numbers rounded):
  • EOG earned $750 million or $3.00/share in 2010 vs $550 million or $2.00 share in 2009
Other data points:
  • EOG will sell $1 billion worth of assets in 2011
  • Bakken still plays a major role in EOG's earnings
  • EOG making progress in the Niobrara
  • EOG will increase dividend again; this time in April
Again, another indication of the beginning of an energy decade, after a lost decade

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