Thursday, July 3, 2014
Shale Oil Continues Pushing the Needle for This New Oil Major
After more than doubling in value in the last couple of years, EOG Resources Inc (NYSE: EOG ) is now large enough to be counted as an oil major. The valuation has surged to over $60 billion, yet the company continues to produce substantial growth rates from oil production.
EOG Resources is now slightly larger than Anadarko Petroleum Corporation (NYSE: APC ) and has long passed Apache Corp (NYSE: APA ) due to industry-leading growth for its size from identifying and developing new shale plays, especially in oil-rich areas.
Read the full article here.
Disclosure: No positions mentioned. Please review the disclaimer page for more details.