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EOG Resources swings to 3rd-qtr profit on rising oil prices
November 2, 2017 / 8:27 PM / in a month

EOG Resources swings to 3rd-qtr profit on rising oil prices

HOUSTON, Nov 2 (Reuters) - U.S. shale oil producer EOG Resources Inc said on Thursday it swung to a third-quarter profit, helped by rising crude prices and lower costs.

The company posted quarterly net income of $100.5 million, or 17 cents per share, compared to a net loss of $190 million, or 35 cents per share, in the year-ago period.

Production rose 8 percent to 55 million barrels of oil equivalent. (Reporting by Ernest Scheyder; Editing by David Gregorio)

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