EOG Resources, one of the largest operators in the U.S. shale patch, has signaled it would be willing to boost oil production if there is demand for it. In a video conference hosted by Goldman Sachs, chief executive Ezra Yacob said EOG could return to pre-pandemic production levels this year as long as it makes economic sense.
“EOG would be in a position to return to pre-Covid levels of production,” Yacob said, as quoted by Bloomberg. “If the world has a call on oil and there’s room to grow our low-cost, lower- emissions…EOG Resources Bucks The Trend, Says It’s Ready To Boost Oil Production
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