S&P lifts EOG to positive

Standard & Poor’s said it revised the outlook on EOG Resources Inc. to positive from stable.

The agency also said it affirmed the company’s A- corporate credit and unsecured debt ratings.

S&P said it could raise the corporate credit rating should EOG continue to maintain solid operating performance and good execution in its key operating areas while maintaining strong credit-protection measures.

The company’s operating and financial performance has remained strong through the first half of 2014 with continued growth in oil and natural gas liquids production, the agency said.

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