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EOG Resources profit disappoints, but sticks by capex

HOUSTON (Reuters) - U.S. shale oil producer EOG Resources Inc (EOG.N) posted a lower-than-expected quarterly profit on Tuesday but said it would stick by an ambitious growth forecast for the year to bring nearly 500 wells online.

The company, considered one of the financially strongest in the U.S. shale industry, kept plans to spend $3.7 billion to $4.1 billion this year, resisting the urge to follow its peers who have already slashed...


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