Oil firm EOG Resources’ quarterly profit falls

By Thomson Reuters Feb 22, 2024 | 3:24 PM

(Reuters) – U.S. oil and gas producer EOG Resources reported a fall in its fourth-quarter profit on Thursday, hurt by lower commodity prices.

The Houston, Texas-based company’s net income fell to $1.99 billion, or $3.42 per share, in the quarter ended Dec. 31, from $2.28 billion, or $3.87 per share a year ago.

(Reporting by Sourasis Bose in Bengaluru; Editing by Pooja Desai)