EOG Posts 4Q17 And Full Year (2017) Results

Disclaimer: done quickly; there will be typographical and factual errors. If this is important to you, go to the soure.

Link here.

Income:

• 4Q17, income: $4.20/share (non-GAAP: 69 cents/share)
• 4Q16, income: a loss of 25 cents/share (non-GAAP: a loss of one cent/share)
• full year, 2017: $4.46/share (non-GAAP: $1.12/share)
• full year, 2016: a loss of $1.98/share (non-GAAP: a loss of $1.61/share)

Operational highlights:

• crude oil and condensate increased 20% year-over-year; 335,000 bopd in 2017
• total NGLs grew 8%
• natural gas volumes decreased 6% primarily due to the sale of Barnett and Haynesville dry gas assets in late 2016

2018 capital plan:

• expects to grow crude oil volumes by 18%
• generate double-digit ROCE
• cover capital investment and dividend payments within discretionary cash flow
• EOG can deliver on its 2018 plan at oil prices below $50
• EOG can generate significant free cash flow at a $60 oil price
• CAPEX expected to range from $5.4 to $5.8 billioin
• EOG expects to complete approximately 690 net wells in 2018, compared to 536 in 2017
• at least 90% of completed wells in 2018 will be "premium"
• EOG has an inventory of approximately 8,000 such wells
• 11 years of premium inventory