EOG Resources (EOG) Financials

$116.09 +0.12 (+0.10%)

Closing price 08/8/2025 03:59 PM Eastern

Extended Trading

$117.00 +0.91 (+0.78%)

As of 08/8/2025 07:57 PM Eastern

Annual Income Statements for EOG Resources

This table shows EOG Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	2,915	-4,525	-1,097	2,583	3,419	2,735	-605	4,664	7,759	7,594	6,403
Consolidated Net Income / (Loss)	2,915	-4,525	-1,097	2,583	3,419	2,735	-605	4,664	7,759	7,594	6,403
Net Income / (Loss) Continuing Operations	2,915	-4,525	-1,097	2,583	3,419	2,735	-605	4,664	7,759	7,594	6,403
Total Pre-Tax Income	4,995	-6,922	-1,558	661	4,241	3,545	-739	5,933	9,901	9,689	8,218
Total Operating Income	5,242	-6,686	-1,225	926	4,469	3,699	-544	6,102	9,966	9,603	8,082
Total Gross Profit	15,501	6,167	5,486	8,730	14,036	14,776	8,822	16,068	22,710	21,017	20,388
Total Revenue	18,035	8,766	7,651	11,208	17,275	17,380	11,079	18,625	25,628	24,091	23,682
Operating Revenue	16,639	8,704	7,651	11,208	17,275	17,380	11,079	18,625	25,628	24,091	23,682
Total Cost of Revenue	2,534	2,600	2,164	2,479	3,239	2,604	2,257	2,557	2,918	3,074	3,294
Operating Cost of Revenue	2,534	2,178	1,814	1,934	2,467	2,604	2,257	2,557	2,918	3,074	3,294
Total Operating Expenses	10,259	12,853	6,712	7,803	9,567	11,077	9,366	9,966	12,744	11,414	12,306
Selling, General & Admin Expense	402	367	395	434	427	489	484	511	570	640	669
Marketing Expense	4,126	2,386	2,008	3,330	5,203	5,352	2,698	4,173	6,535	5,709	5,717
Exploration Expense	233	164	136	150	154	168	159	225	204	182	188
Depreciation Expense	3,997	3,314	3,553	3,409	3,435	3,750	3,400	3,651	3,542	3,492	4,108
Other Operating Expenses / (Income)	758	-	-	-	-	800	478	1,047	1,585	1,284	1,249
Impairment Charge	744	6,614	620	479	347	518	2,100	376	382	202	391
Other Special Charges / (Income)	-	8.80	-	-	-	-	47	-17	-74	-95	-16
Total Other Income / (Expense), net	-247	-235	-332	-265	-228	-154	-195	-169	-65	86	136
Interest Expense	201	237	282	274	245	185	205	178	179	148	138
Other Income / (Expense), net	-45	1.92	-51	9.15	17	31	10	9.00	114	234	274
Income Tax Expense	2,080	-2,397	-461	-1,921	822	810	-134	1,269	2,142	2,095	1,815
Basic Earnings per Share	$5.36	($8.29)	($1.98)	$4.49	$5.93	$4.73	($1.04)	$8.03	$13.31	$13.07	$11.31
Weighted Average Basic Shares Outstanding	543.44M	545.70M	553.38M	574.62M	576.58M	578M	579M	581M	583M	581M	566M
Diluted Earnings per Share	$5.32	($8.29)	($1.98)	$4.46	$5.89	$4.71	($1.04)	$7.99	$13.22	$13.00	$11.25
Weighted Average Diluted Shares Outstanding	548.54M	545.70M	553.38M	578.69M	580.44M	581M	579M	584M	587M	584M	569M
Weighted Average Basic & Diluted Shares Outstanding	548.45M	545.80M	553.90M	575.20M	576.60M	582.05M	583.56M	585.42M	587.72M	580.00M	553.93M
Cash Dividends to Common per Share	$0.59	$0.67	$0.17	$0.67	$0.81	$1.08	$1.50	$4.99	$8.88	$5.89	$3.71

This table shows EOG Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	2,277	2,023	1,553	2,030	1,988	1,789	1,690	1,673	1,251	1,463	1,345
Consolidated Net Income / (Loss)	2,277	2,023	1,553	2,030	1,988	1,789	1,690	1,673	1,251	1,463	1,345
Net Income / (Loss) Continuing Operations	2,277	2,023	1,553	2,030	1,988	1,789	1,690	1,673	1,251	1,463	1,345
Total Pre-Tax Income	2,859	2,595	1,986	2,573	2,535	2,300	2,160	2,134	1,624	1,877	1,751
Total Operating Income	2,853	2,572	1,970	2,557	2,504	2,271	2,130	2,089	1,592	1,859	1,747
Total Gross Profit	7,092	5,580	5,186	5,402	4,849	5,684	5,582	4,845	4,277	5,230	5,023
Total Revenue	6,645	5,975	5,582	6,177	6,357	6,097	6,005	5,965	5,615	5,670	5,478
Operating Revenue	6,645	5,975	5,582	6,177	6,357	6,097	6,005	5,965	5,615	5,670	5,478
Total Cost of Revenue	-447	395	396	775	1,508	413	423	1,120	1,338	440	455
Operating Cost of Revenue	749	395	396	775	1,508	413	423	837	1,621	440	455
Total Operating Expenses	4,239	3,008	3,216	2,845	2,345	3,413	3,452	2,763	2,678	3,371	3,276
Selling, General & Admin Expense	156	145	142	161	192	162	151	167	189	171	186
Marketing Expense	1,504	1,361	1,456	1,383	1,509	1,404	1,490	1,500	1,323	1,325	1,216
Exploration Expense	48	51	47	43	41	46	39	43	60	75	85
Depreciation Expense	878	798	866	898	930	1,074	984	1,031	1,019	1,013	1,053
Other Operating Expenses / (Income)	-	688	661	341	-406	734	727	-	-	742	697
Impairment Charge	142	34	35	54	79	19	81	15	276	44	39
Other Special Charges / (Income)	-	-69	9.00	-35	-	-26	-20	7.00	23	1.00	0.00
Total Other Income / (Expense), net	6.00	23	16	16	31	29	30	45	32	18	4.00
Interest Expense	42	42	35	36	35	33	36	31	38	47	51
Other Income / (Expense), net	48	65	51	52	66	62	66	76	70	65	55
Income Tax Expense	582	572	433	543	547	511	470	461	373	414	406
Basic Earnings per Share	$3.90	$3.46	$2.68	$3.51	$3.42	$3.11	$2.97	$2.97	$2.26	$2.66	$2.48
Weighted Average Basic Shares Outstanding	583M	584M	580M	579M	581M	575M	569M	564M	566M	550M	543M
Diluted Earnings per Share	$3.88	$3.45	$2.66	$3.48	$3.41	$3.10	$2.95	$2.95	$2.25	$2.65	$2.46
Weighted Average Diluted Shares Outstanding	587M	587M	584M	583M	584M	577M	572M	568M	569M	553M	546M
Weighted Average Basic & Diluted Shares Outstanding	587.72M	584.86M	582.26M	583.15M	580.00M	574.71M	568.60M	562.45M	553.93M	545.79M	545.99M

This table details how cash moves in and out of EOG Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	769	-1,369	881	-766	721	472	1,301	1,880	763	-694	1,814
Net Cash From Operating Activities	8,649	3,595	2,359	4,265	7,769	8,163	5,008	8,791	11,093	11,340	12,143
Net Cash From Continuing Operating Activities	8,649	3,595	2,359	4,265	7,769	8,112	5,008	8,791	11,093	11,452	12,143
Net Income / (Loss) Continuing Operations	2,915	-4,525	-1,097	2,583	3,419	2,735	-605	4,664	7,759	7,594	6,403
Consolidated Net Income / (Loss)	2,915	-4,525	-1,097	2,583	3,419	2,735	-605	4,664	7,759	7,594	6,403
Depreciation Expense	3,997	3,314	3,553	3,409	3,435	3,750	3,400	3,651	3,542	3,492	4,108
Non-Cash Adjustments To Reconcile Net Income	-409	7,434	674	712	250	602	2,245	1,116	1,012	-508	615
Changes in Operating Assets and Liabilities, net	2,146	-2,628	-772	-2,439	664	1,025	-32	-640	-1,220	874	1,017
Net Cash From Investing Activities	-7,514	-5,320	-1,253	-3,987	-6,170	-6,177	-3,348	-3,419	-5,056	-6,340	-5,967
Net Cash From Continuing Investing Activities	-7,514	-5,320	-1,253	-3,987	-6,170	-6,167	-3,348	-3,419	-5,056	-6,340	-5,967
Purchase of Property, Plant & Equipment	-727	-288	-93	-173	-237	-270	-221	-212	-381	-800	-1,019
Acquisitions	-7,520	-4,725	-2,435	-3,951	-5,839	-6,152	-3,244	-3,638	-4,619	-5,385	-5,353
Divestitures	569	193	1,119	227	227	140	192	231	349	140	23
Other Investing Activities, net	164	-500	156	-90	-321	115	-75	200	-405	-295	382
Net Cash From Financing Activities	-328	371	-243	-1,036	-839	-1,513	-359	-3,493	-5,273	-5,694	-4,361
Net Cash From Continuing Financing Activities	-328	371	-243	-1,036	-839	-1,513	-359	-3,493	-5,273	-5,694	-4,361
Repayment of Debt	-11	-252	-832	-607	-358	-905	-1,003	-750	-35	-1,258	-2.00
Repurchase of Common Equity	-127	-49	-82	-63	-63	-25	-16	-41	-118	-1,038	-3,246
Payment of Dividends	-280	-367	-373	-387	-438	-588	-821	-2,684	-5,148	-3,386	-2,087
Issuance of Debt	0.00	990	991	-	0.06	0.00	1,484	-	0.00	0.00	985
Other Financing Activities, net	90	49	53	21	21	5.00	-3.00	-18	28	-12	-11
Effect of Exchange Rate Changes	-39	-15	18	-7.88	-38	-	0.00	-	-1.00	-	-1.00

This table details how cash moves in and out of EOG Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	700	-954	-254	562	-48	14	139	691	970	-493	-1,383
Net Cash From Operating Activities	3,444	3,255	2,277	2,704	3,104	2,903	2,889	3,588	2,763	2,289	2,032
Net Cash From Continuing Operating Activities	3,444	3,255	2,277	2,704	3,216	2,903	2,889	3,588	2,763	2,289	2,032
Net Income / (Loss) Continuing Operations	2,277	2,023	1,553	2,030	1,988	1,789	1,690	1,673	1,251	1,463	1,345
Consolidated Net Income / (Loss)	2,277	2,023	1,553	2,030	1,988	1,789	1,690	1,673	1,251	1,463	1,345
Depreciation Expense	878	798	866	898	930	1,074	984	1,031	1,019	1,013	1,053
Non-Cash Adjustments To Reconcile Net Income	-243	-496	-50	54	-16	-134	240	64	445	293	-17
Changes in Operating Assets and Liabilities, net	532	930	-92	-278	314	174	-25	820	48	-480	-349
Net Cash From Investing Activities	-1,397	-1,567	-1,742	-1,532	-1,499	-1,597	-1,533	-1,561	-1,276	-1,430	-1,781
Net Cash From Continuing Investing Activities	-1,397	-1,567	-1,742	-1,532	-1,499	-1,597	-1,533	-1,561	-1,276	-1,430	-1,781
Purchase of Property, Plant & Equipment	-133	-319	-180	-139	-162	-350	-313	-239	-117	-102	-94
Acquisitions	-1,229	-1,305	-1,341	-1,379	-1,360	-1,485	-1,357	-1,263	-1,248	-1,381	-1,699
Divestitures	39	92	29	14	5.00	9.00	10	-	4.00	12	4.00
Other Investing Activities, net	-74	-35	-250	-28	18	229	127	-59	85	41	8.00
Net Cash From Financing Activities	-1,347	-2,642	-789	-610	-1,653	-1,292	-1,217	-1,336	-516	-1,352	-1,635
Net Cash From Continuing Financing Activities	-1,347	-2,642	-789	-610	-1,653	-1,292	-1,217	-1,336	-516	-1,352	-1,635
Repurchase of Common Equity	-23	-317	-302	-109	-310	-759	-699	-795	-993	-806	-602
Payment of Dividends	-1,327	-1,067	-480	-494	-1,345	-525	-520	-533	-509	-538	-528
Other Financing Activities, net	38	-8.00	1.00	-7.00	2.00	-8.00	19	-25	3.00	-8.00	2.00
Effect of Exchange Rate Changes	-	0.00	-	-	-	0.00	-	-	-1.00	0.00	1.00

This table presents EOG Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	34,763	26,970	29,299	29,833	33,934	37,125	35,805	38,236	41,371	43,857	47,186
Total Current Assets	5,416	2,592	3,385	3,279	5,057	5,273	5,862	8,584	10,475	9,935	11,230
Cash & Equivalents	2,087	719	1,600	834	1,556	2,028	3,329	5,209	5,972	5,278	7,092
Accounts Receivable	1,779	931	1,216	1,597	1,915	2,002	1,522	2,335	2,774	2,716	2,650
Inventories, net	707	599	350	484	859	767	629	584	1,058	1,275	985
Other Current Assets	752	156	207	250	299	325	359	456	574	666	503
Plant, Property, & Equipment, net	29,173	24,211	25,707	25,665	28,076	30,365	28,599	28,426	29,429	32,297	34,212
Plant, Property & Equipment, gross	50,254	54,600	53,601	56,517	61,551	67,303	69,272	72,397	72,108	77,587	83,509
Accumulated Depreciation	21,082	30,389	27,894	30,851	33,475	36,938	40,673	43,971	42,679	45,290	49,297
Total Noncurrent Assets	174	168	207	889	802	1,487	1,344	1,215	1,467	1,625	1,744
Noncurrent Deferred & Refundable Income Taxes	-	-	16	18	0.78	2.36	2.00	11	33	42	39
Other Noncurrent Operating Assets	174	168	191	871	801	1,484	1,342	1,215	1,434	1,583	1,705
Total Liabilities & Shareholders' Equity	34,763	26,970	29,299	29,833	33,934	37,125	35,805	38,236	41,371	43,857	47,186
Total Liabilities	17,050	14,027	15,318	13,550	14,570	15,484	15,503	16,056	16,592	15,767	17,835
Total Current Liabilities	3,384	1,819	2,027	2,726	3,728	4,487	3,460	4,042	5,513	4,074	5,354
Short-Term Debt	6.58	6.58	6.58	356	913	1,015	781	37	1,283	34	532
Accounts Payable	2,861	1,472	1,512	1,847	2,240	2,429	1,681	2,242	2,532	2,437	2,464
Dividends Payable	92	92	96	96	127	166	217	436	482	526	539
Current Deferred & Payable Income Tax Liabilities	251	94	118	149	215	255	206	518	405	466	1,007
Other Current Liabilities	175	156	294	277	234	622	575	809	811	611	812
Total Noncurrent Liabilities	13,666	12,208	13,290	10,824	10,842	10,997	12,043	12,014	11,079	11,693	12,481
Long-Term Debt	5,903	6,649	6,980	6,031	5,170	4,161	5,035	5,072	3,795	3,765	4,220
Noncurrent Deferred & Payable Income Tax Liabilities	6,823	4,588	5,028	3,518	4,413	5,046	4,859	4,749	4,710	5,402	5,866
Other Noncurrent Operating Liabilities	939	971	1,282	1,275	1,258	1,790	2,149	2,193	2,574	2,526	2,395
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	17,713	12,943	13,982	16,283	19,364	21,641	20,302	22,200	24,779	28,090	29,351
Total Preferred & Common Equity	17,713	12,943	13,982	16,283	19,364	21,641	20,302	22,180	24,779	28,090	29,351
Total Common Equity	17,713	12,943	13,982	16,283	19,364	21,641	20,302	22,200	24,779	28,090	29,351
Common Stock	3,043	3,129	5,626	5,742	5,865	6,023	6,151	6,273	6,393	6,372	6,296
Retained Earnings	14,763	9,871	8,398	10,594	13,543	15,649	14,170	15,919	18,472	22,634	26,941
Treasury Stock	-70	-23	-24	-33	-42	-27	-7.00	-	-	-	-3,882
Accumulated Other Comprehensive Income / (Loss)	-23	-33	-19	-19	-1.36	-4.65	-12	-12	-8.00	-9.00	-4.00

This table presents EOG Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	41,371	41,025	41,487	43,647	43,857	44,796	45,224	46,151	47,186	46,982	46,284
Total Current Assets	10,475	9,184	8,906	10,258	9,935	9,928	9,803	10,165	11,230	10,680	9,245
Cash & Equivalents	5,972	5,018	4,764	5,326	5,278	5,292	5,431	6,122	7,092	6,599	5,216
Accounts Receivable	2,774	2,455	2,263	2,927	2,716	2,688	2,657	2,545	2,650	2,621	2,504
Inventories, net	1,058	1,131	1,355	1,379	1,275	1,154	1,069	1,038	985	897	934
Other Current Assets	574	580	523	626	666	794	644	458	503	563	591
Plant, Property, & Equipment, net	29,429	30,223	30,910	31,723	32,297	33,077	33,644	34,126	34,212	34,632	35,361
Plant, Property & Equipment, gross	72,108	73,008	74,460	76,085	77,587	79,124	80,693	82,201	83,509	84,942	86,755
Accumulated Depreciation	42,679	42,785	43,550	44,362	45,290	46,047	47,049	48,075	49,297	50,310	51,394
Total Noncurrent Assets	1,467	1,618	1,671	1,666	1,625	1,791	1,777	1,860	1,744	1,670	1,678
Noncurrent Deferred & Refundable Income Taxes	33	31	33	33	42	38	44	42	39	44	39
Other Noncurrent Operating Assets	1,434	1,587	1,638	1,633	1,583	1,753	1,733	1,818	1,705	1,626	1,639
Total Liabilities & Shareholders' Equity	41,371	41,025	41,487	43,647	43,857	44,796	45,224	46,151	47,186	46,982	46,284
Total Liabilities	16,592	15,578	15,230	15,889	15,767	16,160	16,065	16,577	17,835	17,466	17,046
Total Current Liabilities	5,513	4,228	3,731	4,225	4,074	4,273	4,628	4,406	5,354	5,719	5,175
Short-Term Debt	1,283	33	34	34	34	34	534	34	532	1,280	778
Accounts Payable	2,532	2,438	2,205	2,464	2,437	2,389	2,436	2,290	2,464	2,353	2,266
Dividends Payable	482	482	478	478	526	523	516	513	539	534	1,081
Current Deferred & Payable Income Tax Liabilities	405	637	425	605	466	786	600	855	1,007	668	348
Other Current Liabilities	811	638	589	644	611	541	542	714	812	884	702
Total Noncurrent Liabilities	11,079	11,350	11,499	11,664	11,693	11,887	11,437	12,171	12,481	11,747	11,871
Long-Term Debt	3,795	3,787	3,780	3,772	3,765	3,757	3,250	3,742	4,220	3,464	3,458
Noncurrent Deferred & Payable Income Tax Liabilities	4,710	4,943	5,138	5,194	5,402	5,597	5,731	5,949	5,866	5,915	6,015
Other Noncurrent Operating Liabilities	2,574	2,620	2,581	2,698	2,526	2,533	2,456	2,480	2,395	2,368	2,398
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	24,779	25,447	26,257	27,758	28,090	28,636	29,159	29,574	29,351	29,516	29,238
Total Preferred & Common Equity	24,779	25,447	26,257	27,758	28,090	28,636	29,159	29,574	29,351	29,516	29,238
Total Common Equity	24,779	25,447	26,257	27,758	28,090	28,636	29,159	29,574	29,351	29,516	29,238
Common Stock	6,393	6,425	6,463	6,339	6,372	6,394	6,425	6,264	6,296	6,301	6,359
Retained Earnings	18,472	19,423	20,497	22,047	22,634	23,897	25,071	26,231	26,941	27,869	28,131
Treasury Stock	-	-393	-694	-621	-	-1,647	-2,329	-2,912	-3,882	-4,650	-5,245
Accumulated Other Comprehensive Income / (Loss)	-8.00	-8.00	-9.00	-7.00	-9.00	-8.00	-8.00	-9.00	-4.00	-4.00	-7.00

This table displays calculated financial ratios and metrics derived from EOG Resources' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.49%	-51.39%	-12.73%	46.50%	54.13%	0.61%	-36.25%	68.11%	37.60%	-6.00%	-1.70%
EBITDA Growth	26.40%	-136.66%	167.57%	90.77%	82.31%	-5.57%	-61.68%	240.61%	39.54%	-2.15%	-6.49%
EBIT Growth	41.51%	-228.62%	80.91%	173.33%	379.51%	-16.85%	-114.32%	1,244.38%	64.95%	-2.41%	-15.06%
NOPAT Growth	30.22%	-252.98%	81.67%	521.89%	-0.43%	-20.80%	-113.34%	1,359.68%	62.81%	-3.63%	-16.34%
Net Income Growth	32.70%	-255.19%	75.76%	335.49%	32.39%	-20.01%	-122.12%	870.91%	66.36%	-2.13%	-15.68%
EPS Growth	32.34%	-255.83%	76.12%	325.25%	32.06%	-20.03%	-122.08%	868.27%	65.46%	-1.66%	-13.46%
Operating Cash Flow Growth	18.01%	-58.43%	-34.38%	80.81%	82.13%	5.08%	-38.65%	75.54%	26.19%	2.23%	7.08%
Free Cash Flow Firm Growth	42.34%	-235.29%	33.32%	185.18%	31.88%	26.45%	-18.27%	237.24%	12.71%	-20.18%	23.70%
Invested Capital Growth	7.79%	-12.28%	2.60%	12.68%	9.51%	3.90%	-7.81%	-2.13%	8.22%	11.37%	1.52%
Revenue Q/Q Growth	4.56%	-24.99%	10.13%	8.07%	7.69%	-1.44%	-10.56%	19.31%	2.47%	-1.18%	-3.04%
EBITDA Q/Q Growth	3.67%	-111.73%	15.53%	16.60%	9.78%	-3.02%	-14.35%	27.34%	2.50%	-2.05%	-6.17%
EBIT Q/Q Growth	4.56%	-29.79%	14.32%	178.31%	17.48%	-6.82%	-272.14%	50.70%	3.75%	-3.26%	-9.80%
NOPAT Q/Q Growth	-4.34%	-30.34%	15.47%	5,684.15%	-32.18%	-8.35%	-223.31%	51.22%	3.51%	-3.94%	-10.48%
Net Income Q/Q Growth	-4.44%	-19.20%	11.46%	26,363.56%	-31.02%	-8.56%	-98.11%	54.64%	3.91%	-3.67%	-10.32%
EPS Q/Q Growth	-5.34%	-19.28%	12.39%	22,200.00%	-31.11%	-8.72%	-96.23%	54.55%	3.77%	-3.49%	-9.35%
Operating Cash Flow Q/Q Growth	1.28%	-29.37%	8.71%	13.97%	10.81%	-3.30%	-12.05%	30.31%	2.57%	-2.91%	-2.73%
Free Cash Flow Firm Q/Q Growth	73.02%	-388.83%	-711.29%	168.90%	44.99%	-6.67%	-10.22%	57.16%	-5.06%	-8.82%	-2.09%
Invested Capital Q/Q Growth	-2.76%	-0.48%	9.18%	12.13%	0.81%	0.28%	-0.06%	-1.37%	1.12%	1.58%	-0.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	85.95%	70.35%	71.71%	77.89%	81.25%	85.02%	79.63%	86.27%	88.61%	87.24%	86.09%
EBITDA Margin	50.98%	-38.45%	29.77%	38.77%	45.85%	43.04%	25.87%	52.41%	53.15%	55.33%	52.63%
Operating Margin	29.06%	-76.27%	-16.02%	8.27%	25.87%	21.28%	-4.91%	32.76%	38.89%	39.86%	34.13%
EBIT Margin	28.81%	-76.25%	-16.68%	8.35%	25.97%	21.46%	-4.82%	32.81%	39.33%	40.83%	35.28%
Profit (Net Income) Margin	16.17%	-51.61%	-14.33%	23.04%	19.79%	15.74%	-5.46%	25.04%	30.28%	31.52%	27.04%
Tax Burden Percent	58.36%	65.37%	70.41%	390.60%	80.62%	77.15%	81.87%	78.61%	78.37%	78.38%	77.91%
Interest Burden Percent	96.12%	103.55%	122.08%	70.67%	94.54%	95.04%	138.39%	97.09%	98.22%	98.50%	98.35%
Effective Tax Rate	41.64%	0.00%	0.00%	-290.60%	19.38%	22.85%	0.00%	21.39%	21.63%	21.62%	22.09%
Return on Invested Capital (ROIC)	14.68%	-23.06%	-4.46%	17.48%	15.68%	11.65%	-1.59%	21.07%	33.32%	29.23%	23.03%
ROIC Less NNEP Spread (ROIC-NNEP)	11.31%	-19.92%	-8.62%	-1.13%	12.11%	8.67%	-9.04%	12.28%	139.44%	19.35%	15.33%
Return on Net Nonoperating Assets (RNNOA)	2.92%	-6.46%	-3.68%	-0.42%	3.50%	1.69%	-1.30%	0.87%	-0.28%	-0.50%	-0.74%
Return on Equity (ROE)	17.60%	-29.52%	-8.15%	17.07%	19.18%	13.34%	-2.88%	21.95%	33.03%	28.73%	22.29%
Cash Return on Invested Capital (CROIC)	7.18%	-9.98%	-7.03%	5.56%	6.60%	7.83%	6.54%	23.23%	25.42%	18.47%	21.52%
Operating Return on Assets (OROA)	15.91%	-21.66%	-4.53%	3.16%	14.07%	10.50%	-1.46%	16.51%	25.32%	23.08%	18.36%
Return on Assets (ROA)	8.92%	-14.66%	-3.90%	8.73%	10.72%	7.70%	-1.66%	12.60%	19.49%	17.82%	14.07%
Return on Common Equity (ROCE)	17.60%	-29.52%	-8.15%	17.07%	19.18%	13.34%	-2.88%	21.95%	33.03%	28.73%	22.29%
Return on Equity Simple (ROE_SIMPLE)	16.46%	-34.96%	-7.84%	15.86%	17.66%	12.64%	-2.98%	21.03%	31.31%	27.03%	21.82%
Net Operating Profit after Tax (NOPAT)	3,059	-4,680	-858	3,619	3,603	2,854	-381	4,797	7,810	7,527	6,297
NOPAT Margin	16.96%	-53.39%	-11.21%	32.28%	20.86%	16.42%	-3.44%	25.75%	30.47%	31.24%	26.59%
Net Nonoperating Expense Percent (NNEP)	3.36%	-3.13%	4.15%	18.61%	3.57%	2.98%	7.45%	8.80%	-106.12%	9.88%	7.70%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	26.16%	23.60%	18.46%
Cost of Revenue to Revenue	14.05%	29.65%	28.29%	22.11%	18.75%	14.98%	20.37%	13.73%	11.39%	12.76%	13.91%
SG&A Expenses to Revenue	2.23%	4.18%	5.16%	3.88%	2.47%	2.81%	4.37%	2.74%	2.22%	2.66%	2.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	56.88%	146.62%	87.73%	69.62%	55.38%	63.73%	84.54%	53.51%	49.73%	47.38%	51.96%
Earnings before Interest and Taxes (EBIT)	5,197	-6,684	-1,276	936	4,486	3,730	-534	6,111	10,080	9,837	8,356
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9,194	-3,371	2,278	4,345	7,921	7,480	2,866	9,762	13,622	13,329	12,464
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.17	2.31	3.23	2.99	2.05	1.79	1.17	2.03	2.82	2.42	2.33
Price to Tangible Book Value (P/TBV)	2.17	2.31	3.23	2.99	2.05	1.79	1.17	2.03	2.82	2.42	2.33
Price to Revenue (P/Rev)	2.13	3.41	5.90	4.34	2.30	2.23	2.15	2.42	2.73	2.82	2.89
Price to Earnings (P/E)	13.19	0.00	0.00	18.85	11.61	14.15	0.00	9.66	9.02	8.96	10.69
Dividend Yield	0.73%	1.23%	0.86%	0.80%	1.11%	1.53%	3.46%	4.69%	7.39%	4.97%	4.22%
Earnings Yield	7.58%	0.00%	0.00%	5.31%	8.61%	7.07%	0.00%	10.35%	11.09%	11.16%	9.35%
Enterprise Value to Invested Capital (EV/IC)	1.96	1.89	2.60	2.47	1.84	1.68	1.14	2.00	2.83	2.45	2.40
Enterprise Value to Revenue (EV/Rev)	2.34	4.09	6.61	4.84	2.56	2.41	2.37	2.41	2.70	2.76	2.79
Enterprise Value to EBITDA (EV/EBITDA)	4.60	0.00	22.19	12.48	5.58	5.60	9.18	4.61	5.07	4.99	5.30
Enterprise Value to EBIT (EV/EBIT)	8.14	0.00	0.00	57.97	9.86	11.22	0.00	7.36	6.85	6.77	7.91
Enterprise Value to NOPAT (EV/NOPAT)	13.82	0.00	0.00	14.99	12.28	14.67	0.00	9.37	8.84	8.84	10.50
Enterprise Value to Operating Cash Flow (EV/OCF)	4.89	9.97	21.42	12.71	5.69	5.13	5.25	5.11	6.23	5.87	5.45
Enterprise Value to Free Cash Flow (EV/FCFF)	28.25	0.00	0.00	47.15	29.16	21.82	16.78	8.50	11.59	14.00	11.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.51	0.50	0.39	0.31	0.24	0.29	0.23	0.20	0.14	0.16
Long-Term Debt to Equity	0.33	0.51	0.50	0.37	0.27	0.19	0.25	0.23	0.15	0.13	0.14
Financial Leverage	0.26	0.32	0.43	0.37	0.29	0.19	0.14	0.07	0.00	-0.03	-0.05
Leverage Ratio	1.97	2.01	2.09	1.95	1.79	1.73	1.74	1.74	1.69	1.61	1.59
Compound Leverage Factor	1.90	2.09	2.55	1.38	1.69	1.65	2.41	1.69	1.66	1.59	1.56
Debt to Total Capital	25.02%	33.96%	33.32%	28.17%	23.91%	19.30%	22.27%	18.71%	17.01%	11.91%	13.93%
Short-Term Debt to Total Capital	0.03%	0.03%	0.03%	1.57%	3.59%	3.78%	2.99%	0.14%	4.30%	0.11%	1.56%
Long-Term Debt to Total Capital	24.99%	33.93%	33.29%	26.60%	20.32%	15.52%	19.28%	18.57%	12.71%	11.81%	12.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.98%	66.04%	66.68%	71.83%	76.09%	80.70%	77.73%	81.29%	82.99%	88.09%	86.07%
Debt to EBITDA	0.64	-1.97	3.07	1.47	0.77	0.69	2.03	0.52	0.37	0.29	0.38
Net Debt to EBITDA	0.42	-1.76	2.37	1.28	0.57	0.42	0.87	-0.01	-0.07	-0.11	-0.19
Long-Term Debt to EBITDA	0.64	-1.97	3.06	1.39	0.65	0.56	1.76	0.52	0.28	0.28	0.34
Debt to NOPAT	1.93	-1.42	-8.15	1.77	1.69	1.81	-15.27	1.07	0.65	0.50	0.75
Net Debt to NOPAT	1.25	-1.27	-6.28	1.53	1.26	1.10	-6.53	-0.02	-0.11	-0.20	-0.37
Long-Term Debt to NOPAT	1.93	-1.42	-8.14	1.67	1.43	1.46	-13.22	1.06	0.49	0.50	0.67
Altman Z-Score	3.03	1.33	2.34	3.15	3.19	2.92	1.82	3.42	4.72	4.76	4.34
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.60	1.42	1.67	1.20	1.36	1.18	1.69	2.12	1.90	2.44	2.10
Quick Ratio	1.14	0.91	1.39	0.89	0.93	0.90	1.40	1.87	1.59	1.96	1.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,497	-2,025	-1,350	1,150	1,517	1,918	1,568	5,287	5,959	4,757	5,884
Operating Cash Flow to CapEx	1,189.48%	1,248.26%	2,535.56%	2,460.90%	3,275.39%	3,023.33%	2,266.06%	4,146.70%	2,911.55%	1,417.50%	1,191.66%
Free Cash Flow to Firm to Interest Expense	7.43	-8.53	-4.79	4.19	6.19	10.37	7.65	29.70	33.29	32.14	42.64
Operating Cash Flow to Interest Expense	42.93	15.14	8.37	15.55	31.70	44.12	24.43	49.39	61.97	76.62	87.99
Operating Cash Flow Less CapEx to Interest Expense	39.32	13.93	8.04	14.91	30.73	42.66	23.35	48.20	59.84	71.22	80.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.55	0.28	0.27	0.38	0.54	0.49	0.30	0.50	0.64	0.57	0.52
Accounts Receivable Turnover	10.49	6.47	7.13	7.97	9.84	8.87	6.29	9.66	10.03	8.78	8.83
Inventory Turnover	3.99	3.98	4.56	5.94	4.82	3.20	3.23	4.22	3.55	2.64	2.92
Fixed Asset Turnover	0.65	0.33	0.31	0.44	0.64	0.59	0.38	0.65	0.89	0.78	0.71
Accounts Payable Turnover	0.99	1.20	1.45	1.48	1.59	1.12	1.10	1.30	1.22	1.24	1.34
Days Sales Outstanding (DSO)	34.79	56.42	51.21	45.82	37.11	41.13	58.04	37.79	36.38	41.59	41.35
Days Inventory Outstanding (DIO)	91.44	91.66	80.02	61.40	75.68	114.00	112.90	86.58	102.70	138.51	125.21
Days Payable Outstanding (DPO)	368.33	304.17	251.62	247.32	230.28	327.22	332.34	280.00	298.58	295.00	271.53
Cash Conversion Cycle (CCC)	-242.09	-156.09	-120.38	-140.10	-117.49	-172.09	-161.40	-155.63	-159.50	-114.91	-104.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	21,627	18,972	19,464	21,933	24,019	24,954	23,006	22,516	24,367	27,137	27,550
Invested Capital Turnover	0.87	0.43	0.40	0.54	0.75	0.71	0.46	0.82	1.09	0.94	0.87
Increase / (Decrease) in Invested Capital	1,563	-2,655	493	2,468	2,086	936	-1,948	-490	1,851	2,770	413
Enterprise Value (EV)	42,286	35,831	50,541	54,230	44,235	41,858	26,307	44,958	69,068	66,571	66,118
Market Capitalization	38,463	29,894	45,155	48,677	39,708	38,711	23,820	45,058	69,962	68,050	68,458
Book Value per Share	$32.32	$23.55	$24.25	$28.16	$33.39	$37.20	$34.80	$37.94	$42.19	$48.17	$52.18
Tangible Book Value per Share	$32.32	$23.55	$24.25	$28.16	$33.39	$37.20	$34.80	$37.94	$42.19	$48.17	$52.18
Total Capital	23,623	19,599	20,968	22,670	25,447	26,816	26,118	27,309	29,857	31,889	34,103
Total Debt	5,910	6,655	6,986	6,387	6,083	5,175	5,816	5,109	5,078	3,799	4,752
Total Long-Term Debt	5,903	6,649	6,980	6,031	5,170	4,161	5,035	5,072	3,795	3,765	4,220
Net Debt	3,823	5,937	5,386	5,553	4,528	3,147	2,487	-100	-894	-1,479	-2,340
Capital Expenditures (CapEx)	727	288	93	173	237	270	221	212	381	800	1,019
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-49	61	-235	76	686	-227	-146	-630	273	617	-684
Debt-free Net Working Capital (DFNWC)	2,038	780	1,365	910	2,242	1,801	3,183	4,579	6,245	5,895	6,408
Net Working Capital (NWC)	2,032	773	1,358	554	1,329	786	2,402	4,542	4,962	5,861	5,876
Net Nonoperating Expense (NNE)	144	-156	239	1,036	184	119	224	133	51	-67	-106
Net Nonoperating Obligations (NNO)	3,914	6,029	5,483	5,649	4,655	3,314	2,704	316	-412	-953	-1,801
Total Depreciation and Amortization (D&A)	3,997	3,314	3,553	3,409	3,435	3,750	3,400	3,651	3,542	3,492	4,108
Debt-free, Cash-free Net Working Capital to Revenue	-0.27%	0.70%	-3.08%	0.67%	3.97%	-1.31%	-1.32%	-3.38%	1.07%	2.56%	-2.89%
Debt-free Net Working Capital to Revenue	11.30%	8.89%	17.84%	8.12%	12.98%	10.36%	28.73%	24.59%	24.37%	24.47%	27.06%
Net Working Capital to Revenue	11.27%	8.82%	17.75%	4.94%	7.69%	4.52%	21.68%	24.39%	19.36%	24.33%	24.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.36	($8.29)	($1.98)	$4.49	$5.93	$4.73	($1.04)	$8.03	$13.31	$13.07	$11.31
Adjusted Weighted Average Basic Shares Outstanding	543.44M	545.70M	553.38M	574.62M	576.58M	577.67M	578.95M	581M	583M	581M	566M
Adjusted Diluted Earnings per Share	$5.32	($8.29)	($1.98)	$4.46	$5.89	$4.71	($1.04)	$7.99	$13.22	$13.00	$11.25
Adjusted Weighted Average Diluted Shares Outstanding	548.54M	545.70M	553.38M	578.69M	580.44M	580.78M	578.95M	584M	587M	584M	569M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	548.45M	549.88M	576.83M	578.64M	580.05M	582.05M	583.56M	585.42M	587.72M	580.00M	553.93M
Normalized Net Operating Profit after Tax (NOPAT)	3,493	-45	-424	984	3,883	3,253	1,122	5,079	8,051	7,610	6,589
Normalized NOPAT Margin	19.37%	-0.51%	-5.54%	8.78%	22.48%	18.72%	10.13%	27.27%	31.42%	31.59%	27.82%
Pre Tax Income Margin	27.70%	-78.96%	-20.36%	5.90%	24.55%	20.40%	-6.67%	31.86%	38.63%	40.22%	34.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	25.80	-28.16	-4.53	3.41	18.31	20.16	-2.60	34.33	56.31	66.47	60.55
NOPAT to Interest Expense	15.19	-19.72	-3.04	13.19	14.70	15.43	-1.86	26.95	43.63	50.86	45.63
EBIT Less CapEx to Interest Expense	22.19	-29.37	-4.86	2.78	17.34	18.70	-3.68	33.14	54.18	61.06	53.17
NOPAT Less CapEx to Interest Expense	11.58	-20.93	-3.38	12.56	13.74	13.97	-2.94	25.76	41.50	45.45	38.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.59%	-8.11%	-34.00%	14.97%	12.81%	21.50%	-135.70%	57.55%	66.35%	44.59%	32.59%
Augmented Payout Ratio	13.96%	-9.19%	-41.49%	17.42%	14.67%	22.41%	-138.35%	58.43%	67.87%	58.26%	83.29%

This table displays calculated financial ratios and metrics derived from EOG Resources' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.25%	50.01%	-24.64%	-18.65%	-4.33%	2.04%	7.58%	-3.43%	-11.67%	-7.00%	-8.78%
EBITDA Growth	9.63%	146.77%	-24.84%	-23.93%	-7.38%	-0.82%	10.15%	-8.87%	-23.40%	-13.80%	-10.22%
EBIT Growth	14.35%	383.85%	-31.02%	-29.56%	-11.41%	-11.53%	8.66%	-17.02%	-35.33%	-17.53%	-17.94%
NOPAT Growth	13.16%	367.98%	-31.66%	-29.33%	-13.58%	-11.90%	8.18%	-18.82%	-37.55%	-17.97%	-19.48%
Net Income Growth	14.71%	418.72%	-30.61%	-28.87%	-12.69%	-11.57%	8.82%	-17.59%	-37.07%	-18.22%	-20.41%
EPS Growth	14.12%	414.93%	-30.18%	-28.40%	-12.11%	-10.14%	10.90%	-15.23%	-34.02%	-14.52%	-16.61%
Operating Cash Flow Growth	8.78%	293.12%	11.18%	-43.35%	-9.87%	-10.81%	26.88%	32.69%	-10.99%	-21.15%	-29.66%
Free Cash Flow Firm Growth	-83.14%	213.57%	20.58%	-137.88%	-291.42%	-441.27%	-210.33%	202.01%	200.87%	178.58%	105.37%
Invested Capital Growth	8.22%	7.22%	4.11%	10.86%	11.37%	11.84%	8.70%	3.84%	1.52%	1.94%	4.68%
Revenue Q/Q Growth	-12.49%	-10.08%	-6.58%	10.66%	2.91%	-3.56%	-1.51%	-0.67%	-5.87%	0.98%	-3.39%
EBITDA Q/Q Growth	-18.03%	-9.10%	-15.95%	21.48%	-0.20%	-2.66%	-6.66%	0.50%	-16.11%	9.55%	-2.79%
EBIT Q/Q Growth	-21.68%	-9.10%	-23.36%	29.09%	-1.49%	-9.22%	-5.87%	-1.41%	-23.23%	15.76%	-6.34%
NOPAT Q/Q Growth	-20.41%	-11.76%	-23.17%	30.96%	-2.66%	-10.04%	-5.66%	-1.73%	-25.12%	18.15%	-7.39%
Net Income Q/Q Growth	-20.22%	-11.16%	-23.23%	30.71%	-2.07%	-10.01%	-5.53%	-1.01%	-25.22%	16.95%	-8.07%
EPS Q/Q Growth	-20.16%	-11.08%	-22.90%	30.83%	-2.01%	-9.09%	-4.84%	0.00%	-23.73%	17.78%	-7.17%
Operating Cash Flow Q/Q Growth	-27.84%	-5.49%	-30.05%	18.75%	14.79%	-6.48%	-0.48%	24.20%	-22.99%	-17.16%	-11.23%
Free Cash Flow Firm Q/Q Growth	-73.44%	-19.27%	53.64%	-214.95%	-34.25%	-43.93%	50.33%	206.29%	32.74%	12.13%	-96.61%
Invested Capital Q/Q Growth	1.12%	1.49%	4.26%	3.61%	1.58%	1.92%	1.34%	-1.02%	-0.69%	2.34%	4.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	106.73%	93.39%	92.91%	87.45%	76.28%	93.23%	92.96%	81.22%	76.17%	92.24%	91.69%
EBITDA Margin	56.87%	57.49%	51.72%	56.78%	55.06%	55.88%	52.96%	53.58%	47.75%	51.80%	52.12%
Operating Margin	42.93%	43.05%	35.29%	41.40%	39.39%	37.25%	35.47%	35.02%	28.35%	32.79%	31.89%
EBIT Margin	43.66%	44.13%	36.21%	42.24%	40.43%	38.26%	36.57%	36.30%	29.60%	33.93%	32.90%
Profit (Net Income) Margin	34.27%	33.86%	27.82%	32.86%	31.27%	29.34%	28.14%	28.05%	22.28%	25.80%	24.55%
Tax Burden Percent	79.64%	77.96%	78.20%	78.90%	78.42%	77.78%	78.24%	78.40%	77.03%	77.94%	76.81%
Interest Burden Percent	98.55%	98.41%	98.27%	98.62%	98.64%	98.59%	98.36%	98.57%	97.71%	97.56%	97.17%
Effective Tax Rate	20.36%	22.04%	21.80%	21.10%	21.58%	22.22%	21.76%	21.60%	22.97%	22.06%	23.19%
Return on Invested Capital (ROIC)	37.38%	38.78%	28.16%	31.34%	28.90%	26.78%	25.41%	24.63%	18.92%	21.28%	19.41%
ROIC Less NNEP Spread (ROIC-NNEP)	27.43%	43.21%	29.43%	28.15%	25.34%	24.12%	22.48%	22.17%	17.13%	20.06%	18.81%
Return on Net Nonoperating Assets (RNNOA)	-0.06%	0.74%	1.20%	-0.43%	-0.65%	-0.76%	-0.65%	-1.11%	-0.82%	-0.79%	-0.33%
Return on Equity (ROE)	37.33%	39.53%	29.37%	30.91%	28.24%	26.03%	24.76%	23.52%	18.09%	20.49%	19.08%
Cash Return on Invested Capital (CROIC)	25.42%	32.31%	30.28%	20.53%	18.47%	16.65%	19.22%	22.07%	21.52%	19.49%	15.15%
Operating Return on Assets (OROA)	28.11%	30.81%	23.46%	24.48%	22.86%	21.59%	20.78%	19.74%	15.40%	17.20%	16.34%
Return on Assets (ROA)	22.06%	23.64%	18.03%	19.05%	17.68%	16.56%	15.99%	15.26%	11.59%	13.08%	12.20%
Return on Common Equity (ROCE)	37.33%	39.53%	29.37%	30.91%	28.24%	26.03%	24.76%	23.52%	18.09%	20.49%	19.08%
Return on Equity Simple (ROE_SIMPLE)	0.00%	36.91%	33.16%	28.40%	0.00%	25.70%	25.71%	24.14%	0.00%	20.59%	0.00%
Net Operating Profit after Tax (NOPAT)	2,272	2,005	1,540	2,017	1,964	1,766	1,667	1,638	1,226	1,449	1,342
NOPAT Margin	34.19%	33.56%	27.60%	32.66%	30.89%	28.97%	27.75%	27.46%	21.84%	25.56%	24.50%
Net Nonoperating Expense Percent (NNEP)	9.96%	-4.43%	-1.26%	3.18%	3.56%	2.66%	2.93%	2.45%	1.79%	1.22%	0.60%
Return On Investment Capital (ROIC_SIMPLE)	7.61%	-	-	-	6.16%	-	-	-	3.60%	4.23%	4.01%
Cost of Revenue to Revenue	-6.73%	6.61%	7.09%	12.55%	23.72%	6.77%	7.04%	18.78%	23.83%	7.76%	8.31%
SG&A Expenses to Revenue	2.35%	2.43%	2.54%	2.61%	3.02%	2.66%	2.51%	2.80%	3.37%	3.02%	3.40%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	63.79%	50.34%	57.61%	46.06%	36.89%	55.98%	57.49%	46.32%	47.69%	59.45%	59.80%
Earnings before Interest and Taxes (EBIT)	2,901	2,637	2,021	2,609	2,570	2,333	2,196	2,165	1,662	1,924	1,802
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,779	3,435	2,887	3,507	3,500	3,407	3,180	3,196	2,681	2,937	2,855
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.82	2.51	2.43	2.54	2.42	2.57	2.46	2.35	2.33	2.38	2.21
Price to Tangible Book Value (P/TBV)	2.82	2.51	2.43	2.54	2.42	2.57	2.46	2.35	2.33	2.38	2.21
Price to Revenue (P/Rev)	2.73	2.31	2.48	2.89	2.82	3.04	2.92	2.84	2.89	3.03	2.85
Price to Earnings (P/E)	9.02	6.80	7.33	8.93	8.96	9.99	9.58	9.72	10.69	11.58	11.30
Dividend Yield	7.39%	8.17%	8.20%	5.98%	4.97%	4.67%	3.98%	4.14%	4.22%	2.92%	3.18%
Earnings Yield	11.09%	14.71%	13.64%	11.20%	11.16%	10.01%	10.44%	10.29%	9.35%	8.63%	8.85%
Enterprise Value to Invested Capital (EV/IC)	2.83	2.53	2.44	2.58	2.45	2.60	2.50	2.42	2.40	2.43	2.17
Enterprise Value to Revenue (EV/Rev)	2.70	2.27	2.44	2.82	2.76	2.98	2.85	2.75	2.79	2.95	2.81
Enterprise Value to EBITDA (EV/EBITDA)	5.07	4.00	4.28	5.06	4.99	5.42	5.16	5.05	5.30	5.71	5.46
Enterprise Value to EBIT (EV/EBIT)	6.85	5.15	5.58	6.77	6.77	7.56	7.23	7.24	7.91	8.62	8.44
Enterprise Value to NOPAT (EV/NOPAT)	8.84	6.67	7.25	8.79	8.84	9.88	9.47	9.53	10.50	11.46	11.28
Enterprise Value to Operating Cash Flow (EV/OCF)	6.23	4.63	4.57	5.89	5.87	6.56	6.05	5.37	5.45	5.94	5.98
Enterprise Value to Free Cash Flow (EV/FCFF)	11.59	8.11	8.22	13.20	14.00	16.52	13.57	11.16	11.24	12.59	14.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.15	0.15	0.14	0.14	0.13	0.13	0.13	0.16	0.16	0.14
Long-Term Debt to Equity	0.15	0.15	0.14	0.14	0.13	0.13	0.11	0.13	0.14	0.12	0.12
Financial Leverage	0.00	0.02	0.04	-0.02	-0.03	-0.03	-0.03	-0.05	-0.05	-0.04	-0.02
Leverage Ratio	1.69	1.68	1.64	1.63	1.61	1.59	1.56	1.57	1.59	1.58	1.57
Compound Leverage Factor	1.67	1.66	1.61	1.61	1.59	1.56	1.54	1.54	1.55	1.54	1.52
Debt to Total Capital	17.01%	13.05%	12.68%	12.06%	11.91%	11.69%	11.49%	11.32%	13.93%	13.85%	12.65%
Short-Term Debt to Total Capital	4.30%	0.11%	0.11%	0.11%	0.11%	0.10%	1.62%	0.10%	1.56%	3.74%	2.32%
Long-Term Debt to Total Capital	12.71%	12.94%	12.57%	11.95%	11.81%	11.59%	9.87%	11.22%	12.37%	10.11%	10.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.99%	86.95%	87.32%	87.94%	88.09%	88.31%	88.51%	88.68%	86.07%	86.15%	87.35%
Debt to EBITDA	0.37	0.24	0.26	0.28	0.29	0.29	0.28	0.28	0.38	0.40	0.36
Net Debt to EBITDA	-0.07	-0.08	-0.06	-0.11	-0.11	-0.11	-0.12	-0.18	-0.19	-0.15	-0.08
Long-Term Debt to EBITDA	0.28	0.24	0.26	0.28	0.28	0.28	0.24	0.28	0.34	0.29	0.30
Debt to NOPAT	0.65	0.41	0.44	0.49	0.50	0.52	0.51	0.54	0.75	0.79	0.75
Net Debt to NOPAT	-0.11	-0.13	-0.11	-0.19	-0.20	-0.21	-0.22	-0.33	-0.37	-0.31	-0.17
Long-Term Debt to NOPAT	0.49	0.40	0.44	0.48	0.50	0.52	0.44	0.53	0.67	0.58	0.61
Altman Z-Score	4.15	4.15	4.14	4.29	4.22	4.34	4.30	4.14	3.87	4.01	3.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.90	2.17	2.39	2.43	2.44	2.32	2.12	2.31	2.10	1.87	1.79
Quick Ratio	1.59	1.77	1.88	1.95	1.96	1.87	1.75	1.97	1.82	1.61	1.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	421	340	522	-601	-806	-1,161	-576	613	813	912	31
Operating Cash Flow to CapEx	2,589.47%	1,020.38%	1,265.00%	1,945.32%	1,916.05%	829.43%	923.00%	1,501.26%	2,361.54%	2,244.12%	2,161.70%
Free Cash Flow to Firm to Interest Expense	10.03	8.10	14.93	-16.68	-23.04	-35.17	-16.01	19.77	21.40	19.40	0.61
Operating Cash Flow to Interest Expense	82.00	77.50	65.06	75.11	88.69	87.97	80.25	115.74	72.71	48.70	39.84
Operating Cash Flow Less CapEx to Interest Expense	78.83	69.90	59.91	71.25	84.06	77.36	71.56	108.03	69.63	46.53	38.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.70	0.65	0.58	0.57	0.56	0.57	0.54	0.52	0.51	0.50
Accounts Receivable Turnover	10.03	9.75	8.60	7.78	8.78	9.42	10.01	8.93	8.83	8.76	8.81
Inventory Turnover	3.55	2.60	1.37	0.99	2.64	2.71	2.57	2.87	2.92	3.24	3.35
Fixed Asset Turnover	0.89	0.94	0.86	0.80	0.78	0.77	0.76	0.74	0.71	0.69	0.66
Accounts Payable Turnover	1.22	0.88	0.56	0.43	1.24	1.28	1.34	1.46	1.34	1.40	1.43
Days Sales Outstanding (DSO)	36.38	37.45	42.44	46.94	41.59	38.76	36.45	40.89	41.35	41.66	41.44
Days Inventory Outstanding (DIO)	102.70	140.33	265.94	367.12	138.51	134.87	141.83	127.34	125.21	112.71	109.02
Days Payable Outstanding (DPO)	298.58	416.65	647.83	845.14	295.00	284.91	271.56	250.46	271.53	260.59	255.92
Cash Conversion Cycle (CCC)	-159.50	-238.87	-339.46	-431.09	-114.91	-111.27	-93.28	-82.24	-104.97	-106.22	-105.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	24,367	24,731	25,785	26,716	27,137	27,658	28,028	27,741	27,550	28,195	29,339
Invested Capital Turnover	1.09	1.16	1.02	0.96	0.94	0.92	0.92	0.90	0.87	0.83	0.79
Increase / (Decrease) in Invested Capital	1,851	1,665	1,018	2,618	2,770	2,927	2,243	1,025	413	537	1,311
Enterprise Value (EV)	69,068	62,631	62,893	68,852	66,571	72,035	70,191	67,053	66,118	68,536	63,766
Market Capitalization	69,962	63,829	63,843	70,372	68,050	73,536	71,838	69,399	68,458	70,391	64,746
Book Value per Share	$42.19	$43.30	$44.89	$47.67	$48.17	$49.80	$50.74	$52.01	$52.18	$53.29	$53.57
Tangible Book Value per Share	$42.19	$43.30	$44.89	$47.67	$48.17	$49.80	$50.74	$52.01	$52.18	$53.29	$53.57
Total Capital	29,857	29,267	30,071	31,564	31,889	32,427	32,943	33,350	34,103	34,260	33,474
Total Debt	5,078	3,820	3,814	3,806	3,799	3,791	3,784	3,776	4,752	4,744	4,236
Total Long-Term Debt	3,795	3,787	3,780	3,772	3,765	3,757	3,250	3,742	4,220	3,464	3,458
Net Debt	-894	-1,198	-950	-1,520	-1,479	-1,501	-1,647	-2,346	-2,340	-1,855	-980
Capital Expenditures (CapEx)	133	319	180	139	162	350	313	239	117	102	94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	273	-29	445	741	617	397	278	-329	-684	-358	-368
Debt-free Net Working Capital (DFNWC)	6,245	4,989	5,209	6,067	5,895	5,689	5,709	5,793	6,408	6,241	4,848
Net Working Capital (NWC)	4,962	4,956	5,175	6,033	5,861	5,655	5,175	5,759	5,876	4,961	4,070
Net Nonoperating Expense (NNE)	-4.78	-18	-13	-13	-24	-23	-23	-35	-25	-14	-3.07
Net Nonoperating Obligations (NNO)	-412	-716	-472	-1,042	-953	-978	-1,131	-1,833	-1,801	-1,321	101
Total Depreciation and Amortization (D&A)	878	798	866	898	930	1,074	984	1,031	1,019	1,013	1,053
Debt-free, Cash-free Net Working Capital to Revenue	1.07%	-0.11%	1.73%	3.04%	2.56%	1.64%	1.13%	-1.35%	-2.89%	-1.54%	-1.62%
Debt-free Net Working Capital to Revenue	24.37%	18.06%	20.19%	24.89%	24.47%	23.50%	23.17%	23.72%	27.06%	26.84%	21.33%
Net Working Capital to Revenue	19.36%	17.94%	20.06%	24.75%	24.33%	23.36%	21.01%	23.58%	24.81%	21.33%	17.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.90	$3.46	$2.68	$3.51	$3.42	$3.11	$2.97	$2.97	$2.26	$2.66	$2.48
Adjusted Weighted Average Basic Shares Outstanding	583M	584M	580M	579M	581M	575M	569M	564M	566M	550M	543M
Adjusted Diluted Earnings per Share	$3.88	$3.45	$2.66	$3.48	$3.41	$3.10	$2.95	$2.95	$2.25	$2.65	$2.46
Adjusted Weighted Average Diluted Shares Outstanding	587M	587M	584M	583M	584M	577M	572M	568M	569M	553M	546M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	587.72M	584.86M	582.26M	583.15M	580.00M	574.71M	568.60M	562.45M	553.93M	545.79M	545.99M
Normalized Net Operating Profit after Tax (NOPAT)	2,385	1,978	1,575	2,032	2,026	1,761	1,714	1,655	1,457	1,484	1,372
Normalized NOPAT Margin	35.90%	33.10%	28.21%	32.90%	31.86%	28.88%	28.55%	27.74%	25.94%	26.17%	25.04%
Pre Tax Income Margin	43.02%	43.43%	35.58%	41.65%	39.88%	37.72%	35.97%	35.78%	28.92%	33.10%	31.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	69.07	62.79	57.74	72.47	73.43	70.70	61.00	69.84	43.74	40.94	35.33
NOPAT to Interest Expense	54.10	47.74	44.01	56.04	56.11	53.53	46.29	52.83	32.27	30.83	26.31
EBIT Less CapEx to Interest Expense	65.90	55.19	52.60	68.61	68.80	60.09	52.31	62.13	40.66	38.77	33.49
NOPAT Less CapEx to Interest Expense	50.93	40.14	38.87	52.18	51.48	42.92	37.60	45.12	29.19	28.66	24.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	66.35%	55.28%	48.08%	42.72%	44.59%	38.64%	38.47%	40.94%	32.59%	34.56%	36.78%
Augmented Payout Ratio	67.87%	59.45%	55.87%	52.25%	58.26%	58.75%	63.51%	76.83%	83.29%	88.74%	92.53%

Key Financial Trends

EOG Resources (NYSE: EOG) Financial Summary and Analysis (Q1 2022 - Q1 2025)

Over the last several years, EOG Resources has shown resilient financial performance across its income statements, cash flow statements, and balance sheets. Below is a detailed review of key trends, strengths, and risks based on quarterly data from Q1 2022 through Q1 2025.

Revenue Growth: Operating revenue grew from approximately $5.58 billion in Q2 2023 to $6.07 billion in Q1 2025, showing a steady upward trend in top-line sales.
Gross Profit Expansion: Total gross profit improved significantly, reaching $5.23 billion in Q1 2025 from lower historical levels, indicating improved margins and cost control on production.
Net Income Increase: Net income attributable to common shareholders improved, reaching $1.46 billion in Q1 2025, up from $1.55 billion in Q2 2023 and $1.05 billion in Q1 2023, signaling solid profitability.
Cash Flow from Operating Activities: Operating cash flows remain robust with $2.29 billion in Q1 2025, supporting operational needs and strategic growth investments.
Capital Investments Managed: Capital expenditures for plant, property, and equipment remain consistent but controlled, around $100-$350 million quarterly, balancing growth and capital discipline.
Equity Strength: Total common equity increased to $29.5 billion by Q1 2025 from $26.3 billion in Q2 2023, reflecting retained earnings growth and reduced treasury stock impact.
Marketing Expense Stability: Marketing expenses hover above $1.3 billion per quarter, indicating consistent investment in branding and sales but requiring monitoring for efficiency.
Exploration Expense: Exploration expense fluctuates between $35 million and $75 million quarterly, reflecting ongoing but controlled investment in resource expansion.
Impairment Charges and Special Expenses: Although occasionally small, impairment charges and other special expenses increased notably in Q4 2024 ($276 million) compared to Q1 2025 ($44 million), which may signal asset write-down risks.
Increase in Debt Levels: Total liabilities increased to $17.47 billion in Q1 2025 from $15.2 billion in Q2 2023, partly driven by short-term debt rising to $1.28 billion, indicating growing financial leverage risk.
Cash and Equivalents Fluctuation: Cash reserves declined from $7.09 billion in Q4 2024 to $6.60 billion in Q1 2025, partly due to acquisitions and share repurchases, suggesting less liquidity cushion.
Share Repurchases and Dividends: Share repurchases increased to $806 million in Q1 2025 from lower historical levels, and dividends remain steady. While shareholder-friendly, this reduces cash available for other uses and suggests pressure to maintain shareholder returns.

Summary: EOG Resources has demonstrated growing revenues, profitability, and strong operating cash flow generation, supported by disciplined capital expenditure and growing equity. However, the company’s increased leverage, periodic impairments, and sizable marketing costs could pressure financial flexibility. Strong cash flow and asset base remain key strengths. Investors should watch debt levels and continue assessing the return on marketing and exploration investments.

Overall, EOG Resources appears well-positioned but must carefully manage expenses and capital allocation to sustain growth and shareholder returns amid a dynamic energy market environment.

08/09/25 05:37 AMAI Generated. May Contain Errors.

Frequently Asked Questions About EOG Resources' Financials

When does EOG Resources' financial year end?

According to the most recent income statement we have on file, EOG Resources' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has EOG Resources' net income changed over the last 10 years?

EOG Resources' net income appears to be on an upward trend, with a most recent value of $6.40 billion in 2024, rising from $2.92 billion in 2014. The previous period was $7.59 billion in 2023. Check out EOG Resources' forecast to explore projected trends and price targets.

What is EOG Resources' operating income?

EOG Resources' total operating income in 2024 was $8.08 billion, based on the following breakdown:

Total Gross Profit: $20.39 billion
Total Operating Expenses: $12.31 billion

How has EOG Resources' revenue changed over the last 10 years?

Over the last 10 years, EOG Resources' total revenue changed from $18.04 billion in 2014 to $23.68 billion in 2024, a change of 31.3%.

How much debt does EOG Resources have?

EOG Resources' total liabilities were at $17.84 billion at the end of 2024, a 13.1% increase from 2023, and a 4.6% increase since 2014.

How much cash does EOG Resources have?

In the past 10 years, EOG Resources' cash and equivalents has ranged from $718.51 million in 2015 to $7.09 billion in 2024, and is currently $7.09 billion as of their latest financial filing in 2024.

How has EOG Resources' book value per share changed over the last 10 years?

Over the last 10 years, EOG Resources' book value per share changed from 32.32 in 2014 to 52.18 in 2024, a change of 61.5%.

Related Companies

This page (NYSE:EOG) was last updated on 8/9/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

EOG Resources (EOG) Financials

Key Financial Trends

Frequently Asked Questions About EOG Resources' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

EOG Resources (EOG) Financials

Annual Income Statements for EOG Resources

Quarterly Income Statements for EOG Resources

Annual Cash Flow Statements for EOG Resources

Quarterly Cash Flow Statements for EOG Resources

Annual Balance Sheets for EOG Resources

Quarterly Balance Sheets for EOG Resources

Annual Metrics And Ratios for EOG Resources

Quarterly Metrics And Ratios for EOG Resources

Key Financial Trends

Frequently Asked Questions About EOG Resources' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools