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EOG Resources Says 1Q Profit Dropped 34 Percent

Stock quotes in this article: EOG  

HOUSTON (AP) — Oil and gas exploration company EOG Resources Inc. said on Monday that its first-quarter profit fell 34 percent.

The company said it earned $158.7 million, or 63 cents per share, during the quarter that ended March 31, down from $240.5 million, or 96 cents per share, during the year-earlier period.

Revenue rose 2 percent to $1.16 billion, from $1.13 billion a year earlier. ...

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