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Eog Resources Inc   (EOG)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $112.0500 $0.19 0.170%
Day's High: $113.19 Week Perf: -0.95 %
Day's Low: $ 111.13 30 Day Perf: -2.44 %
Volume (M): 4,035 52 Wk High: $ 136.79
Volume (M$): $ 452,155 52 Wk Avg: $119.78
Open: $111.53 52 Wk Low: $98.52



 Market Capitalization (Millions $) 65,454
 Shares Outstanding (Millions) 584
 Employees 2,800
 Revenues (TTM) (Millions $) 24,186
 Net Income (TTM) (Millions $) 7,594
 Cash Flow (TTM) (Millions $) -694
 Capital Exp. (TTM) (Millions $) 6,185

Eog Resources Inc
EOG Resources, Inc. (EOG), a Delaware corporation organized in 1985, together with its subsidiaries, explores for, develops, produces and markets natural gas and crude oil primarily in major producing basins in the United States of America, as well as in Canada and Trinidad and, to a lesser extent, selected other international areas, including the United Kingdom North Sea.

EOGs business strategy is to maximize the rate of return on investment of capital by controlling all operating and capital costs.'This strategy is intended to enhance the generation of cash flow and earnings from each unit of production on a cost- effective basis.'EOG focuses its drilling activity toward natural gas deliverability in addition to natural gas reserve replacement and to a lesser extent crude oil exploitation and exploration.'EOG focuses on the cost-effective utilization of advances in technology associated with the gathering, processing and interpretation of three-dimensional seismic data, the development of reservoir simulation models, the use of new and/or improved drill bits, mud motors and mud additives, and formation logging techniques and reservoir fracturing methods.

Business Segments

EOGs operations are all natural gas and crude oil exploration and production related.

Marketing

Wellhead Marketing.'EOGs North America wellhead natural gas production is currently being sold on the spot market and under long-term natural gas contracts at market-responsive prices.'In many instances, the long-term contract prices closely approximate the prices received for natural gas being sold on the spot market.'Wellhead natural gas volumes from Trinidad are sold under either a contract with a fixed price schedule with annual escalations, or a contract that is price dependent on Caribbean ammonia index prices.

Competition

EOG competes for reserve acquisitions and exploration/exploitation leases, licenses and concessions, frequently against companies with substantially larger financial and other resources.'To the extent EOGs exploration budget is lower than that of certain of its competitors, EOG may be disadvantaged in effectively competing for certain reserves, leases, licenses and concessions.'Competitive factors include price, contract terms and quality of service, including pipeline connection times and distribution efficiencies.'In addition, EOG faces competition from other worldwide energy supplies, such as liquefied natural gas imported into the United States from other countries.



   Company Address: 1111 Bagby Houston 77002 TX
   Company Phone Number: 651-7000   Stock Exchange / Ticker: NYSE EOG
   


Customers Net Income fell by EOG's Customers Net Profit Margin fell to

-43.37 %

3.93 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CHKEW     
CTRA        5.24% 
EQT        8.92% 
OXY        1.53% 
PXD        2.1% 
SWN        4.99% 
• View Complete Report
   



Eog Resources Inc

EOG Suffers Major Dip in Top-Line: Q2 2023 Shows Notable 30.18% Earnings Drop and Significant Revenue Decline



The financial results of EOG Resources Inc. for the second quarter of 2023 reflect a significant drop in various key indicators compared to the previous reporting season. This decline raises concerns about the future trajectory of the company and the potential impact on its overall performance.
1. Decreased Earnings Per Share (EPS) and Income:
In the second quarter of 2023 earnings season, EOG reported a -30.18% decrease in EPS at $2.66 per share compared to $3.81 per share a year ago. Additionally, income faded by -22.9% from $3.45 per share in the previous reporting season. This decline in earnings may raise questions about the company's profitability and ability to generate future growth.

Eog Resources Inc

EOG Ventures Beyond Industry Challenges to Achieve Phenomenal Success in Q1 2023

The oil and gas production industry has been through many fluctuations in recent years due to various factors such as global oversupply, geopolitical tensions, and economic slowdowns. Despite the challenges, Eog Resources Inc, a prominent player in this industry, has delivered some remarkable results in the financial first quarter of 2023.
The company has witnessed an exceptional surge in revenue, where it increased by 51.745% to $6.04 billion from the comparable quarter a year prior. This surge in revenue can be attributed to various factors such as the higher sale volume of crude oil, natural gas, and natural gas liquids, along with higher realized prices for these products, which were partly offset by higher production costs and higher depletion, depreciation, and amortization expenses.






 
  Company Estimates
  Revenue Outlook
Eog Resources Inc does not provide revenue guidance.

Earnings Outlook
Eog Resources Inc does not provide earnings estimates.

Geographic Revenue Dispersion
United States
Canada
Trinidad
United Kingdom

Eog Resources Inc's Operating Statistics Decrease / Increase
       
Natural gas production (MMCF/D)    Natural gas production (MMCF/D) Growth   
Crude oil production (MBP/D)    Crude oil production (MBP/D) Growth   
Natural gas liquids production (MBP/D)   Natural gas liquids production (MBP/D) Decline   
Natural gas per (MCF) Avg. Price ($)   Natural gas per (MCF) Avg. Price ($) Decline   
Crude oil per barrel Avg. Price ($)   Crude oil per barrel Avg. Price ($)  Decline   
Natural gas liquids per barrel Avg. Price ($)   Natural gas liquids per barrel Avg. Price ($)  Decline   




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