EOG Resources announced a strong first quarter 2026 with a net income of $2.0 billion and adjusted net income of $1.8 billion. The company generated $1.5 billion in free cash flow, paid $544 million in dividends, and repurchased $402 million in shares. Operational performance exceeded guidance with higher volumes and better cost control, prompting an increase in full-year oil and NGL production guidance. EOG plans to reallocate capital towards liquids assets while maintaining its overall capital budget, positioning itself for growth and shareholder returns amid a dynamic market environment.
The iShares U.S. Oil & Gas Exploration & Production ETF (IEO) paid its smallest quarterly dividend since mid-2024 at $0.55 in March. The fund's payouts fluctuate with oil and gas prices, driven mainly by top holdings like ConocoPhillips, EOG Resource...
Crude oil prices have surged to $112 a barrel, driven by geopolitical tensions around the Strait of Hormuz, a key oil transit route. This has boosted three U.S. oil and gas ETFs—IEO, XOP, and IYE—each up over 29% year-to-date, reflecting different in...
