Moody's: EOG unchanged

Moody's Investors Service said that the announced common stock offering by EOG Resources, Inc. is positive for EOG's credit profile as it helps fill a significant funding shortfall.

However, the company's high leverage for the A3 rating category and high capital expenditures remain concerns.

The outlook is negative.

The last rating action on EOG was on Nov. 17 when the outlook was changed to negative from stable.

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