EOG Resources forecasts $6.3B-$6.7B in 2026 capital spending

Reuters05:24

EOG Resources forecasts $6.3B-$6.7B in 2026 capital spending

EOG Resources Inc. issued first-quarter and full-year 2026 guidance indicating broadly steady production with a modest uptick expected over the full year. Total crude oil and condensate volumes are guided at 544.0–549.0 MBod for 1Q 2026 (midpoint 546.5) and the same 544.0–549.0 MBod for FY 2026 (midpoint 546.5), while total crude oil equivalent volumes rise from 1,351.5–1,396.5 MBoed in 1Q (midpoint 1,374.0) to 1,373.1–1,418.2 MBoed for FY (midpoint 1,395.7), driven by higher natural gas volumes (FY midpoint 3,085 MMcfd vs. 1Q midpoint 2,985). Capital expenditures are forecast at $1.575–$1.675 billion for 1Q (midpoint $1.625 billion) and $6.3–$6.7 billion for FY (midpoint $6.5 billion), with operating unit cost guidance largely flat across the periods.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EOG Resources Inc. published the original content used to generate this news brief on February 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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