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EOG Resources Reports Fourth Quarter 2019 Results
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EOG Resources, Inc. reported fourth quarter 2019 results.
Highlights: Increased Common Stock Dividend by 30 Percent to $1.50 Indicated Annual Rate Earned $2.7 Billion Net Income in 2019, or $4.71 per Share Generated $8.2 Billion Net Cash from Operating Activities and Significant Free Cash Flow Exceeded Fourth Quarter and Full-Year 2019 Crude Oil Production Target with Capital Expenditures Below Target Lease and Well and DD&A Expense Rates Below Target in Fourth Quarter and Full-Year 2019 Increased Proved Reserves by 14% and Replaced 253% of 2019 Production at $8.21 per Boe Finding Cost $6.3 to $6.7 Billion Capital Program Targets 10-14% Crude Oil Volume Growth in 2020 2020 Capital Program and Dividend Funded with Net Cash from Operating Activities at Oil Prices Below $50EOG's net…
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