EOG Resources posts $2.72B Q2 net income, $2.8B free cash flow, raises dividend to $1.02/share

EOG Resources reported strong Q2 2026 results with net income of $2.72 billion ($5.15/share) and free cash flow of $2.8 billion, driven by higher oil prices and operational efficiency. The company declared a $1.02 per share quarterly dividend and repurchased $1.3 billion in shares, reflecting confidence in its cash generation and growth prospects. EOG also began oil production in the UAE and expects 5% oil production growth for 2026, positioning itself well for sustained value creation amid commodity cycles.