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This Oil Stock Could Pay Its Investors $4.8 Billion in 2022

TheMotleyFool

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This Oil Stock Could Pay Its Investors $4.8 Billion in 2022: https://g.foolcdn.com/editorial/images/678846/a-person-sharing-money.jpg

EOG Resources (NYSE: EOG) is one of the lowest-cost oil producers in the country. Because of that, it's cashing in on high oil prices these days. That's giving it a growing windfall of excess cash.

Instead of continuing its piecemeal plan of paying out an occasional special dividend, EOG Resources has firmed up its capital-return framework to provide investors with more transparency. Under this new plan, it could send them $4.8 billion this year if current oil and gas pricing holds.

Image source: Getty Images.

Source Fool.com

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