EOG Resources (EOG)
(Real Time Quote from BATS)
$127.95 USD
+1.92 (1.52%)
Updated Sep 23, 2024 11:16 AM ET
3-Hold of 5 3
B Value B Growth F Momentum C VGM
Company Summary
Headquartered in Houston, TX, EOG Resources Inc. primarily focuses on the exploration and production of oil and natural gas. While the company's operations extend to the United States and Trinidad, the majority of its activities are concentrated across the oil-rich resources within the United States.
EOG operates primarily in the Delaware Basin (a sub-basin of the broader Permian Basin), South Texas (including the Eagle Ford shale play) and the Rocky Mountains. The company generates 60% of its crude oil and condensate volumes from the Delaware Basin, with South Texas contributing to 29% of the total ...
Company Summary
Headquartered in Houston, TX, EOG Resources Inc. primarily focuses on the exploration and production of oil and natural gas. While the company's operations extend to the United States and Trinidad, the majority of its activities are concentrated across the oil-rich resources within the United States.
EOG operates primarily in the Delaware Basin (a sub-basin of the broader Permian Basin), South Texas (including the Eagle Ford shale play) and the Rocky Mountains. The company generates 60% of its crude oil and condensate volumes from the Delaware Basin, with South Texas contributing to 29% of the total crude oil and condensate production.
Notably, over the past several years, EOG Resources has been employing premium drilling technologies like horizontal drilling and advanced completion techniques to maximize production from oil and gas wells. By utilizing premium drilling techniques, the company has witnessed a substantial increase in operating margins per barrel of oil equivalent over the years, accompanied by a significant decline in operating costs. Leveraging its premium drilling capabilities, EOG Resources demonstrates the ability to achieve an after-tax rate of return of at least 30%, even if oil and natural gas prices stay low at $40 per barrel and $2.50 per Million Btu, respectively.
The upstream firm has established a robust record of returning capital to shareholders across different commodity price cycles. The company has never suspended or lowered its dividend, even during business turmoil, reflecting solid underlying business. The energy major said that the sustainability of its dividends is supported by its portfolio of low-cost, high-quality oil and gas resource bases, and a sound balance sheet.
At 2023-end, the company reported net proved developed reserves of 2,349 million barrels of oil equivalent (MMBoe), representing an improvement from 2,185 MMBoe a year ago. EOG Resources’ total production in 2023 was 359.4 MMBoe. Of the total production, crude oil and condensate comprised almost 48% of total volumes and were responsible for almost 57% of total revenues in 2023.
General Information
EOG Resources, Inc
1111 BAGBY SKY LOBBY 2
HOUSTON, TX 77002
Phone: 713-651-7000
Fax: 713-651-6995
Web: http://www.eogresources.com
Email: eog_ir@eogresources.com
Industry | Oil and Gas - Exploration and Production - United States |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/7/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 3.05 |
Current Year EPS Consensus Estimate | 11.91 |
Estimated Long-Term EPS Growth Rate | 3.30 |
Exp Earnings Date | 11/7/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 126.03 |
52 Week High | 139.67 |
52 Week Low | 108.94 |
Beta | 1.28 |
20 Day Moving Average | 3,632,848.00 |
Target Price Consensus | 144.23 |
4 Week | -0.69 |
12 Week | 0.13 |
YTD | 4.20 |
4 Week | -1.87 |
12 Week | -4.12 |
YTD | -12.84 |
Shares Outstanding (millions) | 568.60 |
Market Capitalization (millions) | 71,660.60 |
Short Ratio | NA |
Last Split Date | 4/1/2014 |
Dividend Yield | 2.89% |
Annual Dividend | $3.64 |
Payout Ratio | 0.29 |
Change in Payout Ratio | -0.06 |
Last Dividend Payout / Amount | 7/17/2024 / $0.91 |
Fundamental Ratios
P/E (F1) | 10.58 |
Trailing 12 Months | 10.09 |
PEG Ratio | 3.23 |
vs. Previous Year | 26.91% |
vs. Previous Quarter | 12.06% |
vs. Previous Year | 8.11% |
vs. Previous Quarter | -1.60% |
Price/Book | 2.46 |
Price/Cash Flow | 7.12 |
Price / Sales | 2.90 |
6/30/24 | 25.42 |
3/31/24 | 24.83 |
12/31/23 | 25.38 |
6/30/24 | 16.27 |
3/31/24 | 15.82 |
12/31/23 | 16.06 |
6/30/24 | 2.12 |
3/31/24 | 2.32 |
12/31/23 | 2.44 |
6/30/24 | 1.89 |
3/31/24 | 2.05 |
12/31/23 | 2.13 |
6/30/24 | 29.22 |
3/31/24 | 28.33 |
12/31/23 | 28.22 |
6/30/24 | 30.33 |
3/31/24 | 30.33 |
12/31/23 | 31.40 |
6/30/24 | 38.71 |
3/31/24 | 38.71 |
12/31/23 | 40.06 |
6/30/24 | 51.28 |
3/31/24 | 49.83 |
12/31/23 | 48.17 |
6/30/24 | 2.62 |
3/31/24 | 2.42 |
12/31/23 | 2.39 |
6/30/24 | 0.11 |
3/31/24 | 0.13 |
12/31/23 | 0.13 |
6/30/24 | 10.03 |
3/31/24 | 11.60 |
12/31/23 | 11.82 |