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EOG’s CEO: Company Will Overtake Chevron As Top U.S. Oil Producer By 2018

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By Caroline Evans, Hart Energy
January 3, 2014

It’s not a question of if, but when EOG Resources (NYSE: EOG) will overtake the likes of Chevron (NYSE: CVX)and BP (NYSE: BP) to become the number one oil producer in the United States, according to a new report by Bernstein Research.

Ultimately, it will be the company’s conservative outlook that will maintain its growth, not risky --not or even slightly risky – moves behavior. Although greenfield entries and bolt-ons are a possibility, a major acquisition by EOG is unlikely. There is also not much expected in terms of global ...

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