These companies should have no need to cut their payouts despite the crude oil glut and the low-price environment.
News & Analysis: EOG Resources
U.S. shale drillers are increasing production again, now that oil prices approach $40 per barrel.
U.S. drillers are restarting idled wells and could soon resume their drilling activities.
The deal would keep new crude output in check as the world starts to draw down on some of the excess supply that has filled storage facilities to capacity.
Oil ETFs like USO and UCO need oil to keep rallying to continue working.
Signs of increased demand didn't lift oil prices.
Hit hard by the oil price crash, these drillers rebounded last month.
The popular oil ETF isn't the optimal way to wager on a recovery in the oil market.
EOG earnings call for the period ending March 31, 2020.
Oil producers were among the first to feel the pain of a huge oil price war.