August 2, 2012 / 9:20 PM / 8 years ago

EOG quarterly profit rises along with oil production

Aug 2 (Reuters) - EOG Resources Inc’s second-quarter profit rose 33 percent as the amount of oil it produced jumped more than 50 percent.

The Houston company reported a profit of $395 million, or $1.47 per share, compared with $296 million, or $1.10 per share in the same period a year ago.

The company also raised its full-year production growth target to 9 percent from 7 percent.

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