EOG Resources is an oil and gas producer with acreage in several US shale plays, primarily in the Permian Basin and the Eagle Ford. At the end of 2024, it reported net proven reserves of 4.7 billion barrels of oil equivalent.
It is a $77.6B energy company. Revenue grew 19.1% over the last year, it keeps 25¢ of every dollar of sales as profit, and its net debt equals ~0.4 years of free cash flow. It trades at 11.3× earnings — around the middle of its own history.
- Website
- eogresources.com
- Location
- Houston, TX
- Employees
- 3 400
- Sector
- Energy
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and profitability; Growth lags behind.
Valuation75
- P/E vs own history67th pct · 5/25
- FCF yield16.5% · 25/25
- P/S2.9x · 20/25
- EV/EBITDA5.9x · 25/25
Growth32
- Revenue CAGR5.0% · 6/25
- Net income CAGR1.7% · 6/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth26.5% · 20/25
Profitability82
- ROIC14.5% · 12/25
- ROE22.4% · 20/25
- Net margin25.4% · 25/25
- Operating margin33.0% · 25/25
Health63
- Altman Zn/a · 0/25
- Current ratio1.85 · 18/25
- Interest coverage255.5x · 25/25
- Net cash / debtD/A 9% · 20/25
Quality66
- Piotroski F4/9 · 10/25
- Beneish M-3.39 · 25/25
- FCF conversion186% · 25/25
- Margin stabilityσ 21.5% · 6/25
Moat51
- ROIC >12% years7/10 yrs · 20/25
- Median gross margin27.0% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst -14.3% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2025AcquisitionThe company acquired Encino for $5.6 billion, adding to its assets in the Permian Basin and Eagle…
- FY2022FinancialBest year on record$7.76B net income
- FY2021FinancialBecame debt-freecash now exceeds total debt
- FY2017FinancialTurned profitable$2.58B net income after a loss year
- FY2017FinancialRevenue crossed $10B$11.2B for the year
- FY2016FinancialRevenue already above $1B$7.65B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2016AcquisitionThe company acquired Yates Petroleum for 26 million shares of common stock valued at $2.3 billion…
- 2015AcquisitionThe company spent $368 million to acquire additional acreage in the Delaware Basin
- 2008AcquisitionThe company acquired assets in the Chuan Zhong Block exploration area in the Sichuan Basin, Sichuan…
- 2003AcquisitionThe company acquired properties in Canada from Husky Energy for $320 million in 2003
- 1999MilestoneThe company became independent from Enron and changed its name to EOG Resources, Inc
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (79.5%)
- Strongly profitable — 25.4% net margin
- Revenue growing 19.1% year over year
- Strong cash conversion — FCF is 47.3% of revenue
- Interest covered 255.5× by operating earnings
Watch-outs
- Loss-making in 2 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+19.1% YoY
- Profitable — makes more than it spends$6.88B TTM
- Profit growing — earnings are higher than last year-11.6% YoY
- Generates cash — cash left after running and investing$12.8B TTM
- Debt under control — could handle its obligations~0.4y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$77.6B market cap
- Not printing shares — share count not ballooning — you keep your slice-5.7% shares over ~5y
- Proven track record — years of profitability behind it8/10 profitable years
- Financially stable — balance sheet not near distresshealth score 43/100
- Pays a dividend — returns cash to shareholdersyield 2.80%
- Valuation not extreme — price not wildly above earningsP/E 11.3
Peer comparisonEOG Resources, Inc. vs 6 largest energy peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| EOG this company | $77.6B | 11.3 | +19.1% | 25.4% | Mixed |
| XOM ExxonMobil Holdings Corporation | $694.0B | 21.1 | +9.1% | 8.9% | Mixed |
| CVX Chevron Corporation | $416.8B | 20.3 | +10.2% | 9.6% | Mixed |
| SHEL Shell plc | $284.6B | 11.0 | -6.1% | 6.7% | Solid |
| TTE TotalEnergies SE | $191.1B | 10.9 | -6.8% | 7.2% | Solid |
| COP ConocoPhillips | $161.5B | 17.4 | +9.6% | 14.7% | Strained |
| MPC Marathon Petroleum Corporation | $127.8B | 14.9 | +15.0% | 5.6% | Strained |
Head-to-head: EOG vs XOM · EOG vs CVX · EOG vs SHEL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/EOG
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Deeper analysis of EOG on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $148.00 · market cap $77.6B.