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EOG (EOG) raises Q1 2026 current tax expense outlook to USD 500-600mln (prev. 230-330mln)

EOG's significant upward revision of its Q1 2026 current tax expense outlook indicates potential profitability concerns or higher realized profits than previously estimated.

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Vessel crossings through the Strait on 9th April increased day on day to nine, vs five on the previous day, but traffic remains well below anything consistent with broader normalisation

WPP (WPP LN) has commenced a potential sale process for its PR units, The Times reports

EOG (EOG) raises Q1 2026 current tax expense outlook to USD 500-600mln (prev. 230-330mln)

BofA Consumer Checkpoint: Total credit and debit card spending per household rose 4.3% Y/Y marking the strongest growth since early 2023

European Commission President Von der Leyen and NATO Secretary General Rutte are expected to discuss Trump's visit, reports suggest (details light)

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This could imply stronger cash flows, but may also raise questions about margins and future capital allocation—particularly in the context of volatility in the oil and gas sector. Watch how this adjustment impacts investor sentiment and pricing in both equity and related commodity markets.

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