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Iranian crude shipments have surged in recent months.

The Houston-based company posted adjusted net income of $1.63 billion, or $2.82 per share, for the quarter, compared to $1.58 billion, or $2.69 per share, in the same period in 2023.

The company's total third-quarter oil production was 483,300 barrels per day, above the high end of the guidance range and up 1 percent over the previous quarter.

The company's adjusted net income for the fourth quarter of 2023 was $1.78 billion, or $3.07 per share, compared to $1.94 billion, or $3.30 per share, in the previous-year quarter.

Helms will retire next month.

EOG Resources made several promotions following the retirement of Executive Vice-President and COO Timothy K. Driggers.

EOG posted $1.553 billion in net profit for the second quarter.

'There are still very large sources of uncertainty on both the supply and demand sides...'

'The EPA and the Department of Energy have been actively monitoring the supply of fuel'.

The updates supplement proposed standards the EPA released back in November 2021.