Following a Strong Second Quarter, EOG Completes the Encino Acquisition

EOG Resources, Inc. (NYSE:EOG) is one of the 13 Best Fortune 500 Dividend Stocks to Invest In.

With its Q2 2025 EPS and revenue beating the analyst estimates, the company announces the closing of the Encino acquisition.

EOG Resources, Inc. (NYSE:EOG)’s Adjusted EPS of $2.32, as well as the revenue of $5.48 billion for the second quarter of 2025, exceeded the analyst expectations as per the Q2 results released on August 8, 2025. Additionally, the company generated nearly $1 billion in free cash flow, which was largely deployed for shareholder returns, particularly through a $600 million share repurchase.

In the report, the company also announced the closing of the acquisition of Encino, the largest volume producer of oil in Ohio’s Utica shale. Relatively, the company’s Chairman and CEO, Ezra Yacob, made the following statement.

“The expansion of our portfolio through the Encino acquisition, our entry into Bahrain and the UAE, as well as strong exploration progress across our domestic portfolio and in Trinidad, has significantly enhanced our industry-leading asset base.”

EOG Resources, Inc. (NYSE:EOG)’s dividend yield of 3.38% further enhances its positive outlook in the market among investors seeking a Fortune 500 company for a steady income.

Headquartered in Texas, EOG Resources, Inc. (NYSE:EOG) is an American independent energy company. Founded in 1999, it is one of the largest crude oil and natural gas exploration and production companies in the U.S. The company focuses on horizontal drilling and multi-basin operations to find and develop oil and natural gas reserves.

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