EOG Resources Trading Volume Plummets 41.4% to 273rd Rank as Costs in Australia Force Project Deferral

On June 30, 2025, EOG Resources (EOG) experienced a significant decline in trading volume, with a 41.4% decrease from the previous day, totaling $296 million. This drop placed EOG at the 273rd position in terms of trading volume for the day. The stock price of EOG also decreased by 0.99%, marking the second consecutive day of decline, with a total decrease of 1.25% over the past two days.

EOG Resources has announced that rising costs in Australia have led to the deferral of the Beehive wildcat well project. The company cited increased expenses as the primary reason for this decision, opting instead to focus on other opportunities. This strategic shift is part of EOG's broader effort to manage costs and optimize its exploration activities in the region.