EOG Resources, Inc.

EOG · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989
Valuation
Market cap	$56,978	$68,945	$70,532	$76,079	$51,974	$29,178	$49,007	$51,026	$63,137	$59,153	$41,419	$50,031	$45,345	$32,321	$25,876	$22,937	$24,228	$16,423	$21,732	$15,102	$17,523	$8,340	$5,290	$4,604	$4,529	$6,389	$2,470	$2,655	$3,316	$4,035	$3,838	$2,999	$3,132	$2,274	$1,488	$1,614	$1,488
Enterprise value	$61,990	$66,920	$69,412	$76,065	$52,672	$32,601	$52,524	$55,553	$68,690	$64,539	$47,356	$53,854	$49,940	$37,756	$30,269	$27,372	$26,339	$17,988	$22,863	$15,617	$17,864	$9,397	$6,394	$5,739	$5,382	$7,228	$3,435	$3,791	$4,048	$4,493	$4,104	$3,185	$3,212	$2,292	$1,907	$2,029	$1,833
P/E (TTM) at period end	11.44×	10.77×	9.29×	9.81×	11.14×	–	17.92×	14.92×	24.45×	–	–	17.16×	20.64×	56.68×	23.71×	142.77×	44.32×	6.74×	20.06×	11.62×	13.91×	13.35×	12.30×	52.82×	11.36×	16.10×	4.34×	47.27×	27.18×	28.82×	27.01×	20.26×	22.70×	23.30×	27.11×	35.47×	–
P/S (TTM) at period end	2.52×	2.91×	2.92×	2.96×	2.79×	2.64×	2.82×	2.95×	5.63×	7.73×	4.73×	2.77×	3.13×	2.77×	2.56×	3.76×	5.06×	2.30×	5.13×	4.21×	4.86×	3.62×	2.91×	4.03×	2.74×	4.29×	2.93×	3.28×	4.23×	5.52×	5.92×	4.84×	5.52×	5.02×	3.84×	4.35×	5.14×
P/B at period end	1.91×	2.35×	2.51×	3.07×	2.34×	1.44×	2.26×	2.64×	3.88×	4.23×	3.20×	2.82×	2.94×	2.43×	2.05×	2.24×	2.42×	1.82×	3.11×	2.70×	4.06×	2.83×	2.38×	2.75×	2.76×	4.63×	2.19×	2.07×	2.59×	3.19×	3.30×	2.87×	3.36×	2.73×	2.29×	2.65×	2.56×
EV / EBITDA (TTM)	5.72×	5.49×	5.30×	5.63×	5.40×	11.42×	7.05×	7.03×	15.84×	27.72×	–	5.83×	6.86×	8.12×	6.54×	11.10×	10.45×	3.53×	8.42×	5.74×	6.72×	6.33×	5.61×	9.91×	5.04×	6.84×	9.88×	8.84×	8.60×	9.77×	9.98×	8.04×	9.13×	8.20×	8.50×	10.27×	13.05×
EV / Sales (TTM)	2.74×	2.82×	2.87×	2.96×	2.83×	2.96×	3.02×	3.22×	6.13×	8.44×	5.41×	2.99×	3.45×	3.23×	2.99×	4.49×	5.50×	2.52×	5.39×	4.36×	4.95×	4.08×	3.52×	5.02×	3.25×	4.85×	4.08×	4.69×	5.17×	6.15×	6.33×	5.14×	5.66×	5.06×	4.92×	5.46×	6.33×
Returns
Return on equity	16.7%	21.8%	27.0%	31.3%	21.0%	(3.0%)	12.6%	17.7%	15.9%	(7.8%)	(35.0%)	16.5%	14.2%	4.3%	8.6%	1.6%	5.5%	27.0%	15.5%	23.2%	29.2%	21.2%	19.3%	5.2%	24.3%	28.7%	50.4%	4.4%	9.5%	11.1%	12.2%	14.2%	14.8%	11.7%	8.4%	7.5%	(1.0%)
Return on invested capital	14.3%	23.0%	27.9%	31.5%	21.0%	(1.9%)	11.3%	15.1%	4.2%	(4.5%)	(23.1%)	14.2%	11.7%	3.5%	7.1%	1.4%	5.0%	23.2%	13.6%	21.2%	27.6%	16.5%	14.0%	4.7%	17.1%	19.7%	0.9%	4.4%	7.1%	8.9%	10.6%	12.0%	10.1%	11.7%	5.9%	4.1%	0.4%
Dividend yield	3.8%	3.0%	4.8%	6.8%	5.2%	2.8%	1.2%	0.9%	0.6%	0.6%	0.9%	0.6%	0.4%	0.6%	0.6%	0.7%	0.6%	0.7%	0.4%	0.4%	0.2%	0.5%	0.6%	0.6%	0.6%	0.4%	0.7%	0.7%	0.6%	0.5%	0.5%	0.6%	0.6%	0.7%	1.0%	0.9%	–
Financial health
Current ratio	1.63×	2.10×	2.44×	1.90×	2.12×	1.69×	1.18×	1.36×	1.20×	1.67×	1.42×	1.60×	1.42×	1.23×	1.29×	1.14×	1.37×	1.19×	0.88×	1.08×	1.33×	0.93×	0.83×	1.43×	0.88×	1.07×	0.92×	0.94×	0.97×	1.03×	1.29×	0.95×	1.14×	1.27×	0.97×	1.01×	1.38×
Debt / equity	0.27×	0.16×	0.14×	0.20×	0.23×	0.29×	0.24×	0.31×	0.39×	0.50×	0.51×	0.33×	0.38×	0.48×	0.40×	0.51×	0.28×	0.21×	0.17×	0.13×	0.23×	0.37×	0.50×	0.68×	0.52×	0.62×	0.88×	0.89×	0.58×	0.37×	0.25×	0.18×	0.20×	0.18×	0.65×	0.69×	0.62×
Effective tax rate	21.7%	22.1%	21.6%	21.6%	21.4%	18.1%	22.8%	19.4%	(290.6%)	29.6%	34.6%	41.6%	36.1%	55.5%	42.9%	60.6%	37.3%	35.0%	33.2%	32.0%	35.9%	32.5%	33.1%	27.2%	36.9%	37.3%	(0.2%)	6.8%	25.4%	26.7%	22.8%	3.8%	(23.0%)	(22.2%)	(20.4%)	(31.5%)	35.8%
Share count
Diluted shares outstanding	546	569	584	587	584	579	581	580	579	553	546	549	546	542	533	509	504	501	495	492	488	477	466	469	470	476	567	618	634	656	642	639	649	620	610	607	488

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989
Revenue and gross profit
Revenue	$27,026	$22,632	$23,698	$24,186	$25,702	$18,642	$11,032	$17,380	$17,275	$11,208	$7,651	$8,757	$18,035	$14,487	$11,683	$10,126	$6,100	$4,787	$7,127	$4,239	$3,584	$3,607	$2,301	$1,818	$1,142	$1,655	$1,490	$842	$808	$784	$731	$649	$620	$568	$453	$388	$371	$289
Cost of revenue	($6,507)	($8,604)	($5,680)	($4,946)	–	($5,345)	–	($5,596)	($5,155)	($4,603)	($4,604)	($4,642)	($5,559)	($4,815)	($4,268)	–	($2,707)	($1,141)	($1,123)	($965)	($734)	($571)	($457)	($330)	($286)	($393)	($272)	($359)	($227)	($198)	($166)	($148)	($144)	($135)	($109)	($109)	($112)	($85)
Gross profit	$20,241	$14,050	$17,698	$18,236	–	$14,324	–	$11,346	$12,022	$6,603	$2,859	$4,014	$11,080	$9,585	$6,787	–	$3,084	$3,646	$6,004	$3,129	$2,850	$3,036	$1,844	$1,488	$856	$1,261	$1,218	$483	$582	$585	$565	$501	$476	$433	$344	$279	$259	$204
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($861)	($820)	($669)	($640)	($570)	($511)	($484)	($489)	($427)	($434)	($395)	($367)	($402)	($348)	($332)	($305)	($280)	($248)	($244)	($205)	($165)	($126)	($115)	($100)	($89)	($80)	($67)	($83)	($101)	($54)	($56)	($57)	($51)	($45)	($37)	($36)	($38)	($40)
Total operating expenses	($11,336)	($7,665)	($9,616)	($8,633)	–	($8,222)	–	($7,647)	($7,552)	($5,677)	($4,085)	($10,700)	($5,838)	($5,909)	($5,308)	–	($2,560)	($2,675)	($2,237)	($1,481)	($947)	($1,031)	($864)	($791)	($675)	($587)	($521)	($465)	($468)	($392)	($356)	($305)	($322)	($330)	($245)	($215)	($217)	($198)
Total costs and expenses	($18,121)	($16,247)	($15,616)	($14,583)	($15,736)	($12,540)	($11,576)	($13,681)	($12,806)	($10,282)	($8,876)	($15,444)	($12,794)	($10,812)	($10,203)	($8,013)	($5,577)	($3,816)	($3,360)	($2,591)	($1,681)	($1,602)	($1,322)	($1,121)	($961)	($980)	($793)	($824)	($695)	($591)	($522)	($453)	($466)	($466)	($353)	($324)	($330)	($283)
Operating income	$8,905	$6,385	$8,082	$9,603	$9,966	$6,102	($544)	$3,699	$4,469	$926	($1,225)	($6,686)	$5,242	$3,675	$1,480	$2,113	$523	$971	$3,767	$1,648	$1,904	$2,005	$979	$697	$181	$675	$697	$18	$114	$193	$209	$195	$154	$102	$100	$63	$42	$6
Earnings
EBITDA	$13,752	$10,846	$12,190	$13,095	$13,508	$9,753	$2,856	$7,449	$7,905	$4,336	$2,328	($3,372)	$9,239	$7,276	$4,650	$4,630	$2,465	$2,520	$5,094	$2,714	$2,721	$2,659	$1,484	$1,139	$579	$1,067	$1,056	$348	$429	$471	$460	$411	$396	$352	$280	$224	$198	$140
Interest income	$152	$210	$277	$240	$85	$3	$12	$26	$12	$8	$3	$3	$2	$6	$9	$1	$1	$1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($270)	($235)	($138)	($148)	($179)	($178)	($205)	($185)	($245)	($274)	($282)	($237)	($201)	($235)	($214)	($210)	($206)	($156)	($94)	($76)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$8,788	$6,362	$8,218	$9,689	$9,901	$5,933	($739)	$3,545	$4,241	$661	($1,558)	($6,922)	$4,995	$3,437	$1,281	$1,910	$408	$872	$3,747	$1,631	$1,913	$1,965	$926	$654	$120	$631	$634	$568	$60	$164	$191	$184	$154	$112	$80	$46	$35	($10)
Income tax expense	($1,912)	($1,382)	($1,815)	($2,095)	($2,142)	($1,269)	$134	($810)	($822)	$1,921	$461	$2,397	($2,080)	($1,240)	($710)	($819)	($247)	($325)	($1,310)	($541)	($613)	($706)	($301)	($217)	($32)	($233)	($237)	$1	($4)	($42)	($51)	($42)	($6)	$26	$18	$9	$11	$3
Net income	$6,876	$4,980	$6,403	$7,594	$7,759	$4,664	($605)	$2,735	$3,419	$2,583	($1,097)	($4,525)	$2,915	$2,197	$570	$1,091	$161	$547	$2,437	$1,090	$1,300	$1,260	$625	$430	$87	$399	$397	$569	$56	$122	$140	$142	$148	$138	$98	$55	$46	($6)
Per share
Diluted EPS (GAAP)	$12.85	$9.12	$11.25	$13.00	$13.22	$7.99	($1.04)	$4.71	$5.89	$4.46	($1.98)	($8.29)	$5.32	$4.02	$1.05	$2.05	$0.315	$1.08	$4.86	$2.19	$2.62	$2.57	$1.29	$0.90	$0.16	$0.83	$0.81	$1.00	$0.09	$0.19	$0.22	$0.22	$0.23	$0.21	$0.16	$0.09	$0.075	($0.0125)
Basic EPS (GAAP)	$12.92	$9.17	$11.31	$13.07	$13.31	$8.03	($1.04)	$4.73	$5.93	$4.49	($1.98)	($8.29)	$5.36	$4.07	$1.07	$2.08	$0.32	$1.10	$4.94	$2.23	$2.67	$2.62	$1.32	$0.92	$0.17	$0.84	$0.83	$1.01	$0.09	$0.20	$0.22	$0.22	$0.23	$0.22	$0.16	$0.09	$0.075	($0.0125)
Basic shares outstanding	535	543	566	581	583	581	579	578	577	575	553	546	543	540	535	525	502	498	493	487	484	478	468	458	461	463	468	563	616	626	639	640	639	642	620	610	607	488
Margins
Gross margin	74.9%	62.1%	74.7%	75.4%	–	76.8%	–	65.3%	69.6%	58.9%	37.4%	45.8%	61.4%	66.2%	58.1%	–	50.6%	76.2%	84.2%	73.8%	79.5%	84.2%	80.1%	81.8%	74.9%	76.2%	81.7%	57.4%	72.0%	74.7%	77.3%	77.2%	76.7%	76.2%	76.0%	71.9%	69.7%	70.7%
Operating margin	32.9%	28.2%	34.1%	39.7%	38.8%	32.7%	(4.9%)	21.3%	25.9%	8.3%	(16.0%)	(76.3%)	29.1%	25.4%	12.7%	20.9%	8.6%	20.3%	52.9%	38.9%	53.1%	55.6%	42.6%	38.4%	15.8%	40.8%	46.8%	2.2%	14.1%	24.6%	28.6%	30.1%	24.8%	18.0%	22.0%	16.4%	11.2%	2.1%
Net margin	25.4%	22.0%	27.0%	31.4%	30.2%	25.0%	(5.5%)	15.7%	19.8%	23.0%	(14.3%)	(51.7%)	16.2%	15.2%	4.9%	10.8%	2.6%	11.4%	34.2%	25.7%	36.3%	34.9%	27.2%	23.7%	7.6%	24.1%	26.6%	67.6%	6.9%	15.6%	19.2%	21.9%	23.9%	24.3%	21.5%	14.2%	12.3%	(2.1%)

Analyst consensus

Buy66 analysts

Bearish · 0 · Hold · 27 · Bullish · 39

Earnings history

	EPS	Estimate
Q3 2024	$3.44	$3.01	Beat
Q4 2024	$2.74	$2.55	Beat
Q1 2025	$2.87	$2.80	Beat
Q2 2025	$2.32	$2.23	Beat
Q3 2025	$2.71	$2.46	Beat
Q4 2025	$2.27	$2.20	Beat
Q1 2026	$3.41	$3.23	Beat
Q2 2026	$5.07	$4.97	Beat

Peers

Company overview

IPO dateOct 4, 1989

CEOEzra Y. Yacob

Employees3,400

SectorEnergy

IndustryOil & Gas Exploration & Production

CountryUS

ExchangeNew York Stock Exchange

Websitewww.eogresources.com

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally. The company also offers crude oil and condensate, and gathering, processing and marketing. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

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