August 9, 2020 archive

$900 million 2Q loss reported by EOG Resources

  EOG Resources reported second quarter 2020 losses of more than $900 million, bigger than expected as oil prices plunged to historic lows earlier in the year because of the COVID-19 pandemic. The Houston, Texas-based company, one with major operations throughout Oklahoma reported a net loss of $909.4 million, or $1.57 per share, for the …

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Cheniere Energy improves earnings from a year ago

    Houston liquified natural gas company Cheniere Energy, the firm with pipeline operations in Oklahoma’s STACK and SCOOP plays turned a second-quarter profit despite an industry downturn that caused dozens of LNG cargoes to be canceled around the world. Cheniere made $197 million during the quarter compared with a $114 million loss during the …

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