EOG Resources, a big oil and gas company, made more money than expected last quarter! But their stock price went down because they plan to spend more money this year. This means they might make a little less money overall than some people thought.
- They produced more oil and gas than last year.
- They expect to spend more money on new projects.
- Their total revenue was lower this quarter.
| Fact | Number |
|---|---|
| Expected free cash flow (money left after expenses) | $4.7 billion (less than expected) |
| Total spending planned for this year | $6 billion to $6.4 billion |
| Oil production (per day) | Around 1.1 million barrels |
