EOG Resources, Inc. EOG
- Market cap
- $74.2B
- P/E
- 10.9×
Follow EOG
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57.15 | 81.99 | 82.04 | 64.33 | 27.00 | 48.60 | 88.29 | 98.52 | 108.94 | 101.59 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 109.37 | 109.66 | 133.53 | 107.89 | 89.54 | 98.20 | 150.88 | 137.95 | 139.67 | 138.18 |
High Price
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| 2,650 | 2,664 | 2,800 | 2,900 | 2,900 | 2,800 | 2,850 | 3,050 | 3,150 | 3,400 |
Employees
|
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| 3 | 4 | 6 | 6 | 4 | 7 | 9 | 8 | 8 | 7 |
Revenue/Emp
|
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| 7,651 | 11,208 | 17,275 | 17,380 | 11,032 | 18,642 | 25,702 | 24,186 | 23,698 | 22,632 |
Revenue
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| 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin
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| (1,558) | 661 | 4,241 | 3,545 | (739) | 5,933 | 9,901 | 9,689 | 8,218 | 6,362 |
EBT
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| (20.36%) | 5.90% | 24.55% | 20.40% | (6.70%) | 31.83% | 38.52% | 40.06% | 34.68% | 28.11% |
EBT Margin
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| (1,097) | 2,583 | 3,419 | 2,735 | (605) | 4,664 | 7,759 | 7,594 | 6,403 | 4,980 |
Net Income
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| 3,553 | 3,409 | 3,435 | 3,750 | 3,400 | 3,651 | 3,542 | 3,492 | 4,108 | 4,461 |
Depreciation
|
|||
| 13.83 | 19.51 | 29.96 | 30.07 | 19.05 | 32.09 | 44.09 | 41.63 | 41.87 | 41.68 |
Revenue/Sh
|
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| (1.98) | 4.49 | 5.93 | 4.73 | (1.04) | 8.03 | 13.31 | 13.07 | 11.31 | 9.17 |
Earnings/Sh
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| 4.26 | 7.42 | 13.47 | 14.12 | 8.65 | 15.13 | 19.03 | 19.52 | 21.45 | 18.50 |
Cash Flow/Sh
|
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| (2.64) | (6.78) | (10.14) | (10.87) | (5.65) | (6.23) | (7.98) | (10.40) | (11.22) | (12.10) |
Capex/Sh
|
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| 1.62 | 0.64 | 3.33 | 3.25 | 3.00 | 8.90 | 11.05 | 9.11 | 10.24 | 6.40 |
Free CF/Sh
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| 25.27 | 28.34 | 33.58 | 37.44 | 35.06 | 38.18 | 42.50 | 48.35 | 51.86 | 54.94 |
Book Value/Sh
|
|||
| 553 | 575 | 577 | 578 | 579 | 581 | 583 | 581 | 566 | 543 |
Shares
|
|||
| 0.00 | 24.40 | 14.71 | 17.71 | 0.00 | 11.06 | 9.35 | 9.30 | 10.85 | 11.45 |
PE Ratio
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| 7.49 | 5.60 | 2.91 | 2.79 | 2.62 | 2.77 | 2.82 | 2.92 | 2.93 | 2.52 |
PS Ratio
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| 4.10 | 3.86 | 2.60 | 2.24 | 1.42 | 2.33 | 2.93 | 2.52 | 2.36 | 1.91 |
PB Ratio
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| 8.19 | 6.10 | 3.17 | 2.97 | 2.84 | 2.76 | 2.79 | 2.86 | 2.83 | 2.72 |
EV/Sales
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| 70.00 | 185.83 | 28.55 | 27.41 | 18.08 | 9.96 | 11.12 | 13.06 | 11.57 | 17.72 |
EV/FCF
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| 2,359 | 4,265 | 7,769 | 8,163 | 5,008 | 8,791 | 11,093 | 11,340 | 12,143 | 10,044 |
Op' Cash Flow
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| (1,464) | (3,897) | (5,849) | (6,282) | (3,273) | (3,619) | (4,651) | (6,045) | (6,349) | (6,570) |
Capex
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| 895 | 368 | 1,920 | 1,881 | 1,735 | 5,172 | 6,442 | 5,295 | 5,794 | 3,474 |
FCF
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| 1,358 | 554 | 1,329 | 786 | 2,402 | 4,542 | 4,962 | 5,861 | 5,876 | 2,965 |
Working Cap'
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| 6,986 | 6,387 | 6,083 | 5,175 | 5,816 | 5,109 | 5,078 | 3,799 | 4,752 | 7,936 |
Total Debt
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| 5,386 | 5,553 | 4,528 | 3,147 | 2,487 | (100) | (894) | (1,479) | (2,340) | 4,540 |
Net Debt
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| 13,982 | 16,283 | 19,364 | 21,641 | 20,302 | 22,180 | 24,779 | 28,090 | 29,351 | 29,833 |
Sh' Equity
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| (3.90%) | 8.73% | 10.72% | 7.70% | (1.66%) | 12.60% | 19.49% | 17.82% | 14.07% | 10.06% |
ROA
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| (3.95%) | 2.65% | 11.69% | 9.33% | (1.49%) | 17.27% | 26.08% | 22.55% | 18.70% | 11.61% |
ROIC
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| (8.15%) | 17.07% | 19.18% | 13.34% | (2.88%) | 21.96% | 33.05% | 28.73% | 22.29% | 16.83% |
ROE
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EOG Resources, Inc. peers in Oil & Gas E&P
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| OXY Occidental Petroleum Corporation | $57.7B | 8.6× | Compare |
| DVN Devon Energy Corporation | $53.3B | 11.1× | Compare |
| FANG Diamondback Energy, Inc. | $52.3B | 36.4× | Compare |
| WDS Woodside Energy Group Ltd | $42.2B | 3.3× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| COP ConocoPhillips | $154.0B | 16.8× | Compare |
| EQT EQT Corporation | $32.5B | 11.7× | Compare |
| TPL Texas Pacific Land Corporation | $23.3B | 43.5× | Compare |
| EXE Expand Energy Corporation | $20.1B | 7.5× | Compare |
EOG metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
EOG Resources, Inc. (EOG) key facts
- EOG Resources, Inc. (EOG) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
- EOG Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $22.6 billion, down 4.50% from fiscal 2024.
- Net income was $5.0 billion, or $9.17 per share (basic), a net margin of 22.0%.
- As of September 25, 2026, EOG traded at $140.35, a market capitalization of $74.2 billion.
- At that price the stock trades at 10.9× trailing-twelve-month earnings and 2.7× sales.
- EOG Resources, Inc. pays an annual dividend of $3.30 per share, a yield of 4.75%, with a payout ratio of 21.2%.
- Return on equity was 16.8% and debt-to-equity 0.25.
EOG Resources, Inc. (EOG) Latest News
24 Sep
EOG Resources, Inc. announced Ann D. Janssen will retire, with Jeffrey W. Hibbard to succeed her as Executive Vice President and Chief Financial Officer, effective January 1, 2027. Janssen will remain as an advisor during a transition to retirement in 2027. Janssen has spent over 30 years at EOG, serving as EVP and CFO since January 2024, after leading accounting, financial reporting, planning and treasury. Hibbard has been EOG's Senior Vice President, Finance since August 2025, after more than 20 years at Morgan Stanley, most recently as a Managing Director in the Global Energy Group. CEO Ezra Y. Yacob praised Janssen’s leadership and the company’s balance-sheet discipline, and expressed confidence in Hibbard’s understanding of EOG’s financial strategy. The release notes EOG’s size in U.S. crude oil and natural gas reserves and provides investor and media contacts. Staged CFO transition preserves continuity of financial leadership and balance-sheet discipline.
23 Sep
EOG Resources’ stock has risen about 25% over the last year as it funds its dividend and buys back shares. Over three years the company reduced its share count about 3.2% per year while net income fell 5.8% and earnings per share 2.8% annually, so the payout increase comes from fewer shares, not faster profit growth. Cash payouts (dividends plus buybacks) ran roughly 6.6% of value and were covered about 1.3x by free cash flow; net debt sits at about 0.2x EBITDA. Cost improvements in Eagle Ford and high utilization at the Janus gas plant lift Delaware Basin netbacks. The 2026 program is funded with a WTI breakeven below $50. Lavaca County Austin Chalk inventory adds cheap, quick returns. Shrinking share count helps, but oil price risk remains the main driver; payout funding depends on oil staying strong. Buybacks cushion earnings while oil-price sensitivity keeps long-term growth uncertain.
11 Aug
EOG Resources reported Q2 2026 earnings during its call, covering financial results, operations and outlook. Quarterly earnings data can shift near-term stock sentiment and valuations but rarely redefine long-term strategy.
8 Aug
EOG Resources Q2 earnings call highlighted financial results, production volumes, cost management and capital allocation plans. Quarterly earnings and guidance updates typically influence near-term stock sentiment without altering long-term fundamentals.
6 Aug
EOG Resources' Q2 earnings call detailed ongoing progress in UAE operations and reinforced commitment to cost discipline. UAE progress and cost discipline indicate operational enhancements likely to mildly bolster future performance.
5 Aug
EOG Resources doubled Q2 profit as oil prices and production rose. Doubled profit with higher output and prices signals stronger cash flow and investor appeal ahead.
EOG Resources beat Q2 earnings estimates due to higher production volumes and stronger commodity prices. Stronger volumes and prices in Q2 improve near-term financial results but do not signal major long-term strategic shifts.
EOG Resources, Inc. released its Q2 2026 earnings call summary covering financial results, operational updates and forward guidance. Quarterly earnings details and guidance can moderately influence near-term stock price and investor views but rarely shift long-term company trajectory alone.
4 Aug
Bullish 2026 earnings forecasts for EOG Resources have altered its investment story and shifted market perception of the company's outlook. Updated earnings projections can moderately sway investor views and near-term stock sentiment without altering core operations.
3 Aug
EOG stock breaks out powerfully amid heavy energy earnings week. Powerful breakout signals positive momentum likely to lift near-term market performance.
30 Jul
EOG Resources Q2 earnings preview focuses on factors beyond headline estimates that may shape investor analysis and expectations. Earnings previews can moderately influence short-term market sentiment and positioning for EOG Resources ahead of results.
29 Jul
EOG Resources faces scrutiny over sustaining its recent performance streak in the upcoming Q2 earnings report. Q2 earnings results hold potential to shift EOG investor sentiment and near-term stock trajectory.
21 Jul
EOG Resources prepares to release quarterly earnings with focus on production volumes, pricing realizations and cost metrics expected by analysts. Earnings preview shapes near-term investor expectations around financial results without altering long-term strategy.
8 Jul
EOG Resources expresses optimism over the Encino deal and analyzes resulting effects on company valuation. Encino deal optimism points to noticeable valuation shifts without guaranteeing fundamental trajectory changes.
Occidental is outperforming on multiple fronts today, strengthening its position against competitors including EOG Resources in the energy sector. Occidental gains may modestly heighten competitive pressure on EOG without altering its core trajectory.
Jefferies raised its price target on EOG Resources (EOG) shares. Jefferies price target increase may produce moderate short-term positive effects on EOG stock price and sentiment.
14 Jun
EOG Resources announces higher capex plans and expanded rig program, directly affecting its stock valuation assessment. Higher capex and rig expansion signal major strategic investment shifts likely to boost output and alter long-term trajectory.
5 Jun
EOG Resources pledges to return 70% of cash to shareholders, prompting questions on whether this commitment should drive capital allocation choices for its investors. EOG's cash-return pledge can shift investor capital decisions and near-term sentiment but leaves core operations and long-term trajectory largely unchanged.
4 Jun
Exxon's production growth decouples from market reality, with potential ripple effects on EOG Resources' positioning in the energy sector amid shifting supply dynamics. Exxon's decoupled growth introduces moderate competitive pressure on EOG without fundamentally reshaping its operations.
26 May
EOG Resources sets itself apart from competitors through superior operational efficiency, advanced drilling technologies, and disciplined capital allocation in the oil and gas sector. Company-specific competitive advantages may moderately influence investor perception and positioning but lack transformative events.
25 May
EOG Resources (EOG) stock surged in Q1 on strong operational results. Q1 surge reflects improved fundamentals likely to support near-term valuation.
21 May
EOG Resources posts record free cash flow and rolls out a shareholder payout plan that supports higher dividends and buybacks. Record free cash flow and new payout commitments strengthen EOG's balance sheet and lift investor expectations for returns.
18 May
EOG Resources is positioned for a potential surge due to strong operational performance, favorable energy market dynamics and strategic positioning in key basins. Positive outlook on EOG's fundamentals and market positioning signals major potential shifts in company trajectory and investor sentiment.
16 May
Capital World Investors acquired a stake in EOG Resources, directing attention to the company's long-term returns and performance outlook. Institutional stake signals added investor interest that may lift near-term sentiment yet leaves core operations and strategy unchanged.
10 May
EOG Resources released Q1 earnings call highlights detailing strong production volumes, robust cash flow, operational efficiencies, and positive outlook amid favorable oil prices. Q1 earnings highlights disclose financial results, production updates, and guidance that significantly shape investor expectations and stock trajectory.
8 May
EOG Resources reports strong Q1 results amid global growth and shifting LNG pricing dynamics. Strong Q1 performance alongside global expansion and LNG pricing shifts promise major boosts to EOG's financial trajectory and market position.
EOG Resources exceeded expectations with its results, prompting analysts to update consensus estimates upward. Exceeding expectations and upward consensus revisions signal significant positive shifts in investor sentiment and future performance outlook.
7 May
EOG Resources' Q1 earnings and revenues exceeded analyst estimates, driven by strong output growth. Q1 earnings and revenue beats on robust output growth signal strong operations, significantly enhancing EOG's trajectory and investor sentiment.
6 May
EOG Resources, Inc. released the transcript of its Q1 2026 earnings call. Q1 2026 earnings call transcript reveals financial performance, operational updates, and forward guidance significantly influencing EOG's trajectory and investor sentiment.
EOG Resources, Inc. released Q1 2026 earnings call summary covering financial results, production updates, capital allocation, and outlook amid volatile energy markets. Q1 earnings call summaries deliver quarterly financials, operational metrics, and guidance that significantly sway investor sentiment and stock trajectory.