EOG Resources - Oil Price Increase Should Fuel Results Sustainably!
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Business Driver: EOG Resources (EOG) is one of the leading US oil and gas explorers. Its main production areas are located in New Mexico and Texas in the USA, Trinidad and Tobago, China, and Oman. Currently, EOG Resources can benefit from the significant rise in oil prices, which have surged recently due to the escalating conflict between Israel and Iran. On June 16, analysts at Wells Fargo reaffirmed their rating of "Overweight" and raised the price target from 146 to 148 USD.
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