Why EOG Resources Stock Is Tumbling Today

Why EOG Resources Stock Is Tumbling Today

Shares of EOG Resources (NYSE: EOG) had slumped more than 10% by 10 a.m. EDT on Friday. EOG Resources reported an adjusted loss of $0.23 per share for the second quarter, which missed analysts' expectations by $0.16 per share. The main culprit was a significant drop in oil production during the period.