# EOG Resources, Inc. (EOG) — Stock CV

EOG Resources, Inc. 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.

> 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.

## Identity

- **Ticker**: EOG
- **Sector**: Energy
- **Industry**: Crude Petroleum & Natural Gas
- **Headquarters**: HOUSTON, TX
- **Employees**: 3 400
- **Website**: https://www.eogresources.com
- **Market cap**: $77.6B
- **Last price**: $148.00
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $27.0B
- **Net income**: $6.88B
- **Free cash flow**: $12.8B
- **Net debt**: $4.51B
- **P/E**: 11.3
- **Revenue growth (YoY)**: 19.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 75 |
| Growth | 32 |
| Profitability | 82 |
| Health | 63 |
| Quality | 66 |
| Moat | 51 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +19.1% YoY
- [x] Profitable — $6.88B TTM
- [ ] Profit growing — -11.6% YoY
- [x] Generates cash — $12.8B TTM
- [x] Debt under control — ~0.4y of cash flow to repay
- [x] Established company — $77.6B market cap
- [x] Not printing shares — -5.7% shares over ~5y
- [x] Proven track record — 8/10 profitable years
- [ ] Financially stable — health score 43/100
- [x] Pays a dividend — yield 2.80%
- [x] Valuation not extreme — P/E 11.3

## Experience (career milestones)

- **2025** — The company acquired Encino for $5.6 billion, adding to its assets in the Permian Basin and Eagle…
- **FY2022** — Best year on record: $7.76B net income
- **FY2021** — Became debt-free: cash now exceeds total debt
- **FY2017** — Turned profitable: $2.58B net income after a loss year
- **FY2017** — Revenue crossed $10B: $11.2B for the year
- **FY2016** — Revenue already above $1B: $7.65B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2016** — The company acquired Yates Petroleum for 26 million shares of common stock valued at $2.3 billion…
- **2015** — The company spent $368 million to acquire additional acreage in the Delaware Basin
- **2008** — The company acquired assets in the Chuan Zhong Block exploration area in the Sichuan Basin, Sichuan…
- **2003** — The company acquired properties in Canada from Husky Energy for $320 million in 2003
- **1999** — The company became independent from Enron and changed its name to EOG Resources, Inc

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $18.6B | $4.66B | $8.58B |
| FY2022 | $25.7B | $7.76B | $10.7B |
| FY2023 | $24.2B | $7.59B | $10.5B |
| FY2024 | $23.7B | $6.40B | $11.1B |
| FY2025 | $22.6B | $4.98B | $9.56B |

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Source: https://stockcv.com/EOG — derived from company filings; may be delayed or incomplete. Information, not investment advice.