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EOG Resources Cuts FY20 Capital Spend Plan To $4.3B-$4.7B

Reduces 2020 Capital Plan 31% to $4.3 to $4.7 Billion and Targets Flat YoY Crude Oil Production Volumes Revised Plan Generates Strong Returns at $30 Oil Price 2020 Capital Expenditures and Dividend Funded with Net

Benzinga · 03/16/2020 11:12
  • Reduces 2020 Capital Plan 31% to $4.3 to $4.7 Billion and Targets Flat YoY Crude Oil Production Volumes
  • Revised Plan Generates Strong Returns at $30 Oil Price
  • 2020 Capital Expenditures and Dividend Funded with Net Cash from Operating Activities at Mid-$30 Oil Prices for the Remainder of 2020
  • Includes Funding for High-Return Drilling and Targeted Infrastructure, Exploration and Environmental Projects