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OFFON

EOG RESOURCES, INC.

(EOG)
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EOG Resources, Inc. completed the acquisition of WA-488-P Permit in Australia from Finniss Offshore Exploration Pty Ltd.

11/24/2021 EST

EOG Resources, Inc. (NYSE:EOG) signed an agreement to acquire WA-488-P Permit in Australia from Finniss Offshore Exploration Pty Ltd for $12 million on April 23, 2021. Under the agreement, EOG Resources, Inc. shall pay $7 million on completion while $5 million payable through contingent payments. EOG Resources, Inc. shall pay 50% contingent payment on EOG Resources, Inc. entering the final year of the exploration permit and 50% contingent payable on EOG Resources, Inc. being awarded a production license in the Permit. Finniss Offshore Exploration Pty Ltd will also pay receive future payments of $10 million for each 25 million barrels of oil equivalent produced, sold and delivered by EOG Resources, Inc. Transaction is subject to certain conditions including various usual regulatory approvals, approval to suspend and extend the remaining permit obligations to allow additional time to drill the initial exploration well and no objection to transaction from the Foreign Investment Review Board. As of November 22, National Offshore Petroleum Titles Administrator approved the transaction. EOG Resources, Inc. (NYSE:EOG) completed the acquisition of WA-488-P Permit in Australia from Finniss Offshore Exploration Pty Ltd on November 24, 2021.


ę S&P Capital IQ 2021
All news about EOG RESOURCES, INC.
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Analyst Recommendations on EOG RESOURCES, INC.
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Financials (USD)
Sales 2021 18 341 M - -
Net income 2021 4 534 M - -
Net Debt 2021 427 M - -
P/E ratio 2021 13,7x
Yield 2021 4,58%
Capitalization 61 515 M 61 515 M -
EV / Sales 2021 3,38x
EV / Sales 2022 3,08x
Nbr of Employees 2 900
Free-Float -
Chart EOG RESOURCES, INC.
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EOG Resources, Inc. Technical Analysis Chart | EOG | US26875P1012 | MarketScreener
Technical analysis trends EOG RESOURCES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Last Close Price 105,13 $
Average target price 114,27 $
Spread / Average Target 8,70%
EPS Revisions
Managers and Directors
Ezra Y. Yacob Chief Executive Officer
Lloyd W. Helms President & Chief Operating Officer
Timothy K. Driggers Chief Financial Officer & Executive Vice President
William Raymond Thomas Non-Executive Chairman
Sandeep Bhakhri Chief Information & Technology Officer, SVP
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