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EOG - EOG Resources Inc News Story

$50.52 -1.1  -2.2%

Last Trade - 4:56pm

Sector
Energy
Size
Large Cap
Market Cap £24.40bn
Enterprise Value £26.28bn
Revenue £14.53bn
Position in Universe 289th / 6363

BUZZ-Oil stocks gain support from hopes of supply cut deal

Fri 3rd April, 2020 2:57pm
** Oil and gas stocks rise as crude prices jump on rising
hopes of a new global deal to cut global crude supply 
    ** Brent crude futures  LCOc1  up 12.3% at $33.61 a barrel,
while U.S. crude  CLc1  up 7.2% at $27.13 
    ** Oil majors Exxon Mobil Corp  XOM.N  up 1.2%, while
Chevron Corp  CVX.N  rose ~2%
    ** Oilfield service providers Schlumberger NV  SLB.N  up
3.5% and Halliburton  HAL.N  rise about 3% each
    ** Devon  DVN.N , EOG Resources  EOG.N  and Occidental
Petroleum   OXY.N  were up between 2.2% and 5.3%
    ** OPEC and its allies are working on a deal for an
unprecedented production cut equivalent to about 10% of global
supply, an OPEC source said after U.S. President Donald Trump
called on oil-producing nations to stop the price slide  O/R 


 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net))
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