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Actionable news in EOG: EOG RESOURCES Inc,

UPDATE 1-EOG Resources profit widely beats Street on cost cuts

(Adds earnings comparison, stock price)

Nov 5 (Reuters) - Oil producer EOG Resources Inc posted a better-than-expected profit on Thursday as cost cuts and efficiency gains helped offset falling crude prices.

The company, which operates in North Dakota and Texas, slashed costs to pump, transport, process and market oil and natural gas, signs that Chief Executive Bill Thomas said show the company is working "to be successful in a low commodity price environment."

Bucking an industry trend, EOG did not raise its production forecast, opting to keep more oil in the ground longer to...