EOG Resources Is Likely To Sail Through The Downturn On The Back Of Its High Quality Assets

Unlike its counterparts in the industry, the US-based independent exploration and production (E&P) company posted an adjusted profit as opposed to market expectations of a loss for the September quarter. This was largely driven by better-than-expected results from its high quality assets due to the use of innovative technology and improved operational efficiency from its cost reduction measures. The oil and gas producer also carried out three tactical acquisitions during the third quarter, which...