EOG Resources Inc. shares dropped 0.26% to $85.77 Friday. This proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.75% to 4,352.34 and the Dow Jones Industrial Average DJIA rising 0.44% to 34,786.35.
EOG Resources Inc. closed $2.22 below its 52-week high ($87.99), which the company reached on June 7th. The stock demonstrated a mixed performance when compared to some of its competitors Friday, as ConocoPhillips COP fell 0.21% to $62.75, Pioneer Natural Resources Co. PXD fell 0.39% to $166.74, and Occidental Petroleum Corp. OXY fell 0.85% to $32.58.
These are some of the best-performing S&P 500 energy stocks so far this year. Marathon Oil is up 99.85% in the year-to-date period, followed by Diamondback (91.36%), Occidental (80.82%), Devon (80.02%), EOG (65.05%) and Hess (63.27%). Crude supplies declined to the pre-lockdown levels, with U.S. commercial stockpiles down by nearly 9% since mid-March. Stocks fell to just 41.7 million barrels at the key storage hub last week, the lowest since March 2020.
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