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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $22.6B | $11.1B | $5.0B | $3.5B | 16.7% | -3.4% | -22.2% |
| 2024 | $23.4B | $12.5B | $6.4B | $5.8B | 21.8% | 0.8% | -15.7% |
| 2023 | $23.2B | $13.3B | $7.6B | $5.2B | 27.0% | -21.4% | -2.1% |
| 2022 | $29.5B | $13.6B | $7.8B | $6.1B | 31.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 29,492 | 23,182 | 23,378 | 22,582 |
| Cost Of Revenue | - | 6,460 | 6,566 | 7,402 | 8,270 |
| Gross Profit | - | 23,032 | 16,616 | 15,976 | 14,312 |
| Operating Expense | - | 8,776 | 7,724 | 7,723 | 7,062 |
| Operating Income | - | 14,256 | 8,892 | 8,253 | 7,250 |
| EBITDA | - | 13,622 | 13,329 | 12,464 | 11,058 |
| EBIT | - | 10,080 | 9,837 | 8,356 | 6,597 |
| Pretax Income | - | 9,901 | 9,689 | 8,218 | 6,362 |
| Tax Provision | - | 2,142 | 2,095 | 1,815 | 1,382 |
| Net Income | - | 7,759 | 7,594 | 6,403 | 4,980 |
| Net Income Common Stockholders | 4,664 | 7,759 | 7,594 | 6,403 | - |
| Total Expenses | - | 15,236 | 14,290 | 15,125 | 15,332 |
| Interest Expense | - | 179 | 148 | 138 | 235 |
| Interest Income | - | 85 | 240 | 277 | 210 |
| Selling General And Administration | - | 7,105 | 6,349 | 6,386 | 5,615 |
| Normalized EBITDA | - | 17,912 | 12,618 | 12,635 | 11,923 |
| Normalized Income | - | 11,105.20 | 7,036.74 | 6,536.38 | 5,654.70 |
| Market Cap | 71,319.85 | 71,319.85 | 71,319.85 | 71,319.85 | 71,319.85 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| EOG Resources, Inc.this co. | EOG | $72.3B | 14.32β discount | 2.39 | 16.7% | 6.90 |
| The Williams Companies, Inc. | WMB | $88.3B | 33.71 | 6.91 | 20.5% | 15.86 |
| Occidental Petroleum Corporation | OXY | $80.5B | 24.35 | 2.04 | 8.4% | 6.69 |
| SLB N.V. | SLB | $79.8B | 24.98 | 3.23 | 12.9% | 13.35 |
| Valero Energy Corporation | VLO | $73.1B |
| - |
| - |
| - |
| - |
| - |
| 30.04 |
| 2.97 |
| 9.9% |
| 11.54 |
| Kinder Morgan, Inc. | KMI | $70.8B | 23.11 | 2.27 | 9.8% | 14.26 |
| Marathon Petroleum Corporation | MPC | $68.5B | 16.31 | 3.81 | 23.4% | 8.28 |
| Diamondback Energy, Inc. | FANG | $56.6B | 32.93 | 1.48 | 4.5% | 9.69 |
| ONEOK, Inc. | OKE | $54.7B | 16.25 | 2.45 | 15.1% | 11.28 |
| Peer Median | - | 24.67 | 2.71 | 11.4% | 11.41 | |