EOG Resources is one of the largest independent oil and gas producers in the U.S. The company has a diverse portfolio of assets, with operations in Texas, Louisiana, Colorado, Wyoming, New Mexico, and elsewhere. EOG Resources also has a healthy balance sheet, with $4.6 billion in cash on its books and only $1.6 billion in debt.
In addition, EOG Resources’ position in the Permian Basin makes it a good choice for investors looking for exposure to the ongoing U.S. oil boom. The Permian is one of the world’s most significant oil and gas plays, with estimated reserves of 48 billion barrels and substantial room to grow.