Energy ETFs Strengthen on EOG Resources Upbeat Earnings
August 05, 2022 at 17:41 PM EDT
EOG Resources Inc. (NYSE: EOG) shares jumped Friday, lifting energy sector-related exchange traded funds after the oil and gas company beat earnings expectations. On Friday, the iShares U.S. Oil & Gas Exploration & Production ETF (IEO) increased 3.4% and the Energy Select Sector SPDR (XLE) rose 2.6%. Meanwhile, EOG Resources shares gained 7.5%. EOG makes [...] The post Energy ETFs Strengthen on EOG Resources Upbeat Earnings appeared first on ETF Trends .
