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EOG Resources, Inc. (EOG) 10-Year Financial Performance & Capital Metrics

EOG • • Industrial / General
EnergyOil & Gas E&PUnconventional Shale E&PPermian Basin Shale Leaders
AboutEOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.Show more
  • Revenue $23.38B +0.8%
  • EBITDA $12.19B -6.9%
  • Net Income $6.4B -15.7%
  • EPS (Diluted) 11.25 -13.5%
  • Gross Margin 75.7% -3.8%
  • EBITDA Margin 52.14% -7.7%
  • Operating Margin 34.57% -16.5%
  • Net Margin 27.39% -16.4%
  • ROE 22.29% -22.4%
  • ROIC 22.33% -19.8%
  • Debt/Equity 0.17 +16.6%
  • Interest Coverage 58.57 -9.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 28.0%
  • ✓Strong 5Y profit CAGR of 18.5%
  • ✓FCF machine: 24.7% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 3.4%
  • ✓Share count reduced 2.6% through buybacks

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.46%
5Y6.65%
3Y5.93%
TTM-4.96%

Profit (Net Income) CAGR

10Y8.19%
5Y18.55%
3Y11.14%
TTM-22.55%

EPS CAGR

10Y7.78%
5Y19.02%
3Y12.08%
TTM-19.16%

ROCE

10Y Avg9.28%
5Y Avg18.06%
3Y Avg24.55%
Latest19.81%

Peer Comparison

Permian Basin Shale Leaders
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Size & Scale
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PRPermian Resources Corporation10.67B14.329.8860.23%15.65%7.21%2.73%0.41
FANGDiamondback Energy, Inc.43.21B150.829.7132.19%27.42%9.19%0.31
EOGEOG Resources, Inc.58.61B108.029.600.85%24.49%18.26%9.85%0.17
HPKHighPeak Energy, Inc.592.77M4.727.04-3.77%6.03%3.27%11.68%0.66
MTDRMatador Resources Company5.32B42.795.9923.47%20.42%13.34%5.27%0.39
SMSM Energy Company2.1B18.342.7512.53%22.19%15.43%0.67
BATLBattalion Oil Corporation20.41M1.24-0.32-12.17%-6.61%-17.9%0.91
VTLEVital Energy, Inc.693.32M17.92-3.7826.15%-69.28%-74.84%0.95

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+8.66B7.46B11.21B17.18B16.94B9.87B19.67B29.49B23.18B23.38B
Revenue Growth %-0.48%-0.14%0.5%0.53%-0.01%-0.42%0.99%0.5%-0.21%0.01%
Cost of Goods Sold+4.64B4.6B4.6B5.16B5.6B4.92B5.34B4.87B4.95B5.68B
COGS % of Revenue0.54%0.62%0.41%0.3%0.33%0.5%0.27%0.17%0.21%0.24%
Gross Profit+4.01B2.86B6.6B12.02B11.35B4.95B14.32B24.62B18.24B17.7B
Gross Margin %0.46%0.38%0.59%0.7%0.67%0.5%0.73%0.83%0.79%0.76%
Gross Profit Growth %-0.64%-0.29%1.31%0.82%-0.06%-0.56%1.89%0.72%-0.26%-0.03%
Operating Expenses+10.7B4.08B5.68B7.55B7.65B5.5B8.22B14.65B8.63B9.62B
OpEx % of Revenue1.24%0.55%0.51%0.44%0.45%0.56%0.42%0.5%0.37%0.41%
Selling, General & Admin2.75B2.4B3.76B5.63B5.84B3.18B4.68B7.11B6.35B6.39B
SG&A % of Revenue0.32%0.32%0.34%0.33%0.34%0.32%0.24%0.24%0.27%0.27%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses7.95B1.68B1.91B1.92B1.81B2.31B3.54B7.55B2.28B3.23B
Operating Income+-6.69B-1.23B926.4M4.47B3.7B-544M6.1B9.97B9.6B8.08B
Operating Margin %-0.77%-0.16%0.08%0.26%0.22%-0.06%0.31%0.34%0.41%0.35%
Operating Income Growth %-2.28%0.82%1.76%3.82%-0.17%-1.15%12.22%0.63%-0.04%-0.16%
EBITDA+-3.37B2.33B4.34B7.9B7.45B2.86B9.75B13.51B13.1B12.19B
EBITDA Margin %-0.39%0.31%0.39%0.46%0.44%0.29%0.5%0.46%0.56%0.52%
EBITDA Growth %-1.37%1.69%0.86%0.82%-0.06%-0.62%2.41%0.39%-0.03%-0.07%
D&A (Non-Cash Add-back)3.31B3.55B3.41B3.44B3.75B3.4B3.65B3.54B3.49B4.11B
EBIT-6.68B-1.28B935.55M4.49B3.73B-534M6.11B10.08B9.84B8.36B
Net Interest Income+-237.39M-281.68M-274.37M-245.05M-185M-205M-175M-179M92M139M
Interest Income0000003M0240M277M
Interest Expense237.39M281.68M274.37M245.05M185M205M178M179M148M138M
Other Income/Expense-235.48M-332.22M-265.22M-228.35M-154M-195M-169M-65M86M136M
Pretax Income+-6.92B-1.56B661.18M4.24B3.54B-739M5.93B9.9B9.69B8.22B
Pretax Margin %-0.8%-0.21%0.06%0.25%0.21%-0.07%0.3%0.34%0.42%0.35%
Income Tax+-2.4B-460.82M-1.92B821.96M810M-134M1.27B2.14B2.1B1.81B
Effective Tax Rate %0.65%0.7%3.91%0.81%0.77%0.82%0.79%0.78%0.78%0.78%
Net Income+-4.52B-1.1B2.58B3.42B2.73B-605M4.66B7.76B7.59B6.4B
Net Margin %-0.52%-0.15%0.23%0.2%0.16%-0.06%0.24%0.26%0.33%0.27%
Net Income Growth %-2.55%0.76%3.35%0.32%-0.2%-1.22%8.71%0.66%-0.02%-0.16%
Net Income (Continuing)-4.52B-1.1B2.58B3.42B2.73B-605M4.66B7.76B7.59B6.4B
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-8.29-1.984.465.894.71-1.047.9913.2213.0011.25
EPS Growth %-2.56%0.76%3.25%0.32%-0.2%-1.22%8.68%0.65%-0.02%-0.13%
EPS (Basic)-8.29-1.984.495.934.73-1.048.0313.3113.0711.31
Diluted Shares Outstanding545.7M553.4M578.7M580.4M580.78M578.95M584M587M584M569M
Basic Shares Outstanding545.7M553.38M574.6M576.6M577.67M578.95M581M583M581M566M
Dividend Payout Ratio--0.15%0.13%0.22%-0.58%0.66%0.45%0.33%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+2.59B3.55B3.28B5.06B5.27B5.86B8.58B10.47B9.94B11.23B
Cash & Short-Term Investments718.51M1.6B834.23M1.56B2.03B3.33B5.21B5.97B5.28B7.09B
Cash Only718.51M1.6B834.23M1.56B2.03B3.33B5.21B5.97B5.28B7.09B
Short-Term Investments0000000000
Accounts Receivable971.31M1.23B1.71B2.34B2.15B1.54B2.33B2.87B2.72B2.65B
Days Sales Outstanding40.9660.0955.7349.7946.3957.1143.3335.5342.7641.37
Inventory598.93M350.02M483.87M859.36M767.3M629M584M1.06B1.27B985M
Days Inventory Outstanding47.0927.7538.3760.8550.0546.6439.8879.2594.0963.3
Other Current Assets303.49M376.07M250.16M299.27M324.75M359M456M574M666M503M
Total Non-Current Assets+24.38B25.9B26.55B28.88B31.85B29.94B29.65B30.9B33.92B35.96B
Property, Plant & Equipment24.21B25.71B25.67B28.08B30.36B28.6B28.43B29.43B32.3B34.21B
Fixed Asset Turnover0.36x0.29x0.44x0.61x0.56x0.35x0.69x1.00x0.72x0.68x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments0000006M0103M0
Other Non-Current Assets24.47M28.36M871.43M800.79M1.48B1.34B1.21B1.43B1.48B1.71B
Total Assets+26.98B29.46B29.83B33.93B37.12B35.8B38.24B41.37B43.86B47.19B
Asset Turnover0.32x0.25x0.38x0.51x0.46x0.28x0.51x0.71x0.53x0.50x
Asset Growth %-0.22%0.09%0.01%0.14%0.09%-0.04%0.07%0.08%0.06%0.08%
Total Current Liabilities+1.82B2.03B2.73B3.73B4.49B3.46B4.04B5.51B4.07B5.35B
Accounts Payable1.47B1.51B1.85B2.24B2.43B1.68B2.24B2.53B2.44B2.46B
Days Payables Outstanding115.74119.86146.47158.59158.44124.66153.1189.65179.84158.34
Short-Term Debt6.58M6.58M356.24M913.09M1.01B750M01.28B34M500M
Deferred Revenue (Current)0000000000
Other Current Liabilities155.59M294.36M276.89M233.72M252.85M280M569M515M252M497M
Current Ratio1.42x1.75x1.20x1.36x1.18x1.69x2.12x1.90x2.44x2.10x
Quick Ratio1.10x1.58x1.03x1.13x1.00x1.51x1.98x1.71x2.13x1.91x
Cash Conversion Cycle-27.69-32.02-52.38-47.95-62-20.9-69.89-74.87-42.99-53.67
Total Non-Current Liabilities+12.21B13.45B10.82B10.84B11B12.04B12.01B11.08B11.69B12.48B
Long-Term Debt6.65B6.98B6.03B5.17B4.16B4.85B4.86B3.58B3.62B4.1B
Capital Lease Obligations00000822M771M799M149M118M
Deferred Tax Liabilities4.59B5.19B3.52B4.41B5.05B4.86B4.75B4.71B5.4B5.87B
Other Non-Current Liabilities971.34M1.28B1.28B1.2B1.79B1.51B1.64B1.99B2.53B2.4B
Total Liabilities14.03B15.48B13.55B14.57B15.48B15.5B16.06B16.59B15.77B17.84B
Total Debt+6.66B6.99B6.39B6.08B5.54B6.75B5.91B5.96B4.16B5.07B
Net Debt5.94B5.39B5.55B4.53B3.52B3.42B698M-14M-1.12B-2.02B
Debt / Equity0.51x0.50x0.39x0.31x0.26x0.33x0.27x0.24x0.15x0.17x
Debt / EBITDA-3.00x1.47x0.77x0.74x2.36x0.61x0.44x0.32x0.42x
Net Debt / EBITDA-2.31x1.28x0.57x0.47x1.20x0.07x-0.00x-0.09x-0.17x
Interest Coverage-28.16x-4.35x3.38x18.24x19.99x-2.65x34.28x55.68x64.89x58.57x
Total Equity+12.94B13.98B16.28B19.36B21.64B20.3B22.18B24.78B28.09B29.35B
Equity Growth %-0.27%0.08%0.16%0.19%0.12%-0.06%0.09%0.12%0.13%0.04%
Book Value per Share23.7225.2628.1433.3637.2635.0737.9842.2148.1051.58
Total Shareholders' Equity12.94B13.98B16.28B19.36B21.64B20.3B22.18B24.78B28.09B29.35B
Common Stock205.5M205.77M205.79M205.8M205.82M206M206M206M206M206M
Retained Earnings9.87B8.4B10.59B13.54B15.65B14.17B15.92B18.47B22.63B26.94B
Treasury Stock-23.41M-23.68M-33.3M-42.18M-26.53M-7M-20M-78M-907M-3.88B
Accumulated OCI-33.34M-19.01M-19.3M-1.36M-4.65M-12M-12M-8M-9M-4M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+3.6B2.36B4.27B7.77B8.16B5.01B8.79B11.09B11.34B12.14B
Operating CF Margin %0.42%0.32%0.38%0.45%0.48%0.51%0.45%0.38%0.49%0.52%
Operating CF Growth %-0.58%-0.34%0.81%0.82%0.05%-0.39%0.76%0.26%0.02%0.07%
Net Income-4.52B-1.1B2.58B3.42B2.73B-604.57M4.66B7.76B7.59B6.4B
Depreciation & Amortization9.85B4.04B3.97B3.77B3.96B4.4B5.16B3.54B3.49B4.11B
Stock-Based Compensation130.58M128.09M133.85M155.34M174.74M146M152M133M177M199M
Deferred Taxes-2.48B-515.21M-1.47B894.16M631.66M-186.39M-122M-61M683M467M
Other Non-Cash Items769.29M61.1M19.8M-243.33M264.69M1.1B-547M879M-797M416M
Working Capital Changes-145.88M-256.33M-964.91M-230.1M393.47M152.16M-518M-1.16B191M550M
Change in Receivables641.41M-232.8M-392.13M-368.18M-91.79M466.52M-821M-347M-38M101M
Change in Inventory58.45M170.69M-174.55M-395.41M90.28M122.65M-13M-534M-231M259M
Change in Payables-1.41B-74.05M324.19M439.35M168.54M-795.27M456M90M-119M-36M
Cash from Investing+-5.32B-1.25B-3.99B-6.17B-6.18B-3.35B-3.42B-5.06B-6.34B-5.97B
Capital Expenditures-5.01B-2.58B-4.12B-6.08B-6.42B-3.46B-3.85B-1.01B-6.18B-6.37B
CapEx % of Revenue0.58%0.35%0.37%0.35%0.38%0.35%0.2%0.03%0.27%0.27%
Acquisitions----------
Investments----------
Other Investing-307.09M1.28B136.83M-93.69M105.06M-74.73M200M-4.39B-295M405M
Cash from Financing+370.92M-242.72M-1.04B-839.1M-1.51B-359.02M-3.49B-5.27B-5.69B-4.36B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-367M-372.85M-386.53M-438.05M-588.2M-820.82M-2.68B-5.15B-3.39B-2.09B
Share Repurchases----------
Other Financing20.24M51.05M20.78M20.62M12.88M12.8M19M28M12M20M
Net Change in Cash----------
Free Cash Flow+-1.42B-223.73M141.09M1.69B1.74B1.54B4.94B6.09B5.16B5.77B
FCF Margin %-0.16%-0.03%0.01%0.1%0.1%0.16%0.25%0.21%0.22%0.25%
FCF Growth %-4.52%0.84%1.63%10.99%0.03%-0.11%2.2%0.23%-0.15%0.12%
FCF per Share-2.60-0.400.242.923.002.678.4610.388.8310.14
FCF Conversion (FCF/Net Income)-0.79x-2.15x1.65x2.27x2.98x-8.28x1.88x1.43x1.49x1.90x
Interest Paid222.09M0275.31M243.28M00185M173M161M140M
Taxes Paid41.11M0188.95M75.63M001.11B2.48B1.23B779M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-29.52%-8.15%17.07%19.18%13.34%-2.88%21.96%33.05%28.73%22.29%
Return on Invested Capital (ROIC)-24.82%-4.81%3.37%14.66%11.31%-1.67%19.64%31.38%27.84%22.33%
Gross Margin46.37%38.31%58.92%69.99%66.97%50.15%72.83%83.48%78.66%75.7%
Net Margin-52.27%-14.7%23.05%19.9%16.14%-6.13%23.71%26.31%32.76%27.39%
Debt / Equity0.51x0.50x0.39x0.31x0.26x0.33x0.27x0.24x0.15x0.17x
Interest Coverage-28.16x-4.35x3.38x18.24x19.99x-2.65x34.28x55.68x64.89x58.57x
FCF Conversion-0.79x-2.15x1.65x2.27x2.98x-8.28x1.88x1.43x1.49x1.90x
Revenue Growth-47.98%-13.79%50.15%53.28%-1.37%-41.72%99.2%49.94%-21.4%0.85%

Revenue by Segment

2015201620172018201920202021202220232024
Oil and Condensate---9.52B9.61B5.79B11.13B16.37B13.75B13.92B
Oil and Condensate Growth----1.00%-39.81%92.29%47.12%-16.00%1.26%
Natural Gas, Gathering, Transportation, Marketing and Processing---5.23B5.36B2.58B4.29B6.7B5.81B5.8B
Natural Gas, Gathering, Transportation, Marketing and Processing Growth----2.48%-51.81%66.01%56.16%-13.29%-0.10%
Natural Gas, Production---1.3B1.18B837.13M2.44B3.78B1.74B1.55B
Natural Gas, Production Growth-----9.02%-29.30%191.95%54.71%-53.87%-11.07%
Other, Net---89.64M134.36M60.95M108M118M91M100M
Other, Net Growth----49.89%-54.63%77.18%9.26%-22.88%9.89%
Natural Gas Liquids---1.13B784.82M667.51M1.81B2.65B1.88B-
Natural Gas Liquids Growth-----30.39%-14.95%171.45%46.14%-28.85%-
Gains (Losses) On Mark-To-Market Commodity Derivative Contracts----165.64M180.28M1.14B-1.15B-3.98B818M-
Gains (Losses) On Mark-To-Market Commodity Derivative Contracts Growth----208.84%534.99%-200.63%-245.66%120.54%-
Gains (Losses) On Asset Dispositions, Net---174.56M123.61M-46.88M17M---
Gains (Losses) On Asset Dispositions, Net Growth-----29.19%-137.93%136.26%---
UNITED STATES8.31B7.32B10.87B-------
UNITED STATES Growth--11.92%48.46%-------
TRINIDAD AND TOBAGO380.81M242.42M284.71M-------
TRINIDAD AND TOBAGO Growth--36.34%17.44%-------
Other International62.18M85.01M51.54M-------
Other International Growth-36.72%-39.38%-------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES6.01B5.26B10.87B16.79B17.05B10.8B18.27B25.39B23.92B23.39B
UNITED STATES Growth--12.49%106.72%54.47%1.53%-36.69%69.19%39.03%-5.82%-2.21%
TRINIDAD AND TOBAGO381.76M243.71M284.71M309.86M271.11M181.1M300M307M270M311M
TRINIDAD AND TOBAGO Growth--36.16%16.83%8.83%-12.51%-33.20%65.65%2.33%-12.05%15.19%
Other International59.19M75.07M51.54M170.95M58.37M55.65M77M1M--
Other International Growth-26.83%-31.35%231.71%-65.86%-4.66%38.37%-98.70%--

Frequently Asked Questions

Valuation & Price

EOG Resources, Inc. (EOG) has a price-to-earnings (P/E) ratio of 9.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

EOG Resources, Inc. (EOG) reported $22.58B in revenue for fiscal year 2024. This represents a 152% increase from $8.97B in 2011.

EOG Resources, Inc. (EOG) grew revenue by 0.8% over the past year. Growth has been modest.

Yes, EOG Resources, Inc. (EOG) is profitable, generating $5.53B in net income for fiscal year 2024 (27.4% net margin).

Dividend & Returns

Yes, EOG Resources, Inc. (EOG) pays a dividend with a yield of 3.40%. This makes it attractive for income-focused investors.

EOG Resources, Inc. (EOG) has a return on equity (ROE) of 22.3%. This is excellent, indicating efficient use of shareholder capital.

EOG Resources, Inc. (EOG) generated $3.89B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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