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US shale oil and gas producer known for disciplined, high-return drilling across premium basins like the Permian.
US shale oil and gas producer known for disciplined, high-return drilling across premium basins like the Permian.
A pure producer with no refining or retail arm, so it sells oil, gas and natural-gas liquids at market prices and profits by keeping drilling costs below them. Its main areas are the Delaware Basin of the Permian, the Eagle Ford in South Texas and the Bakken. It began as Enron's oil-and-gas arm and became independent in 1999.
Moat: narrow (cost advantage, process know-how, scale). Premium drilling-return discipline and proprietary geologic data give a low-cost inventory edge.
Headquarters: Houston, Texas, US · Founded: 1999 · Employees: 3,400
Size EOG Resources (EOG) is a United States Energy company (Integrated Oil) with a market value of $77.2B, the 176th largest of 3,117 United States companies the cockpit tracks. Shares closed at $147.13 on 6 Nov 2026.
Performance Over six months the shares gained 13.2%, against +0.8% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 17.1% over the last twelve months (peer median +16.3%); the operating margin is 35.1% (peer median 22.8%).
Valuation It trades at 8.3× forward earnings against a peer median of 7.7× (9th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -31 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.8 points above its cost of capital (6.3% WACC).
Credit EOG Resources has 10 bonds outstanding ($7.75B), rated A- by the agencies and trading like A at a weighted spread of 72 bp.
Short interest Short interest is 3.3% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $26.7B | $22.7B | $23.5B | $23.3B | $29.6B |
| Revenue growth | — | -4% | +1% | -21% | — |
| Gross profit | $11.5B | $9.24B | $10.1B | $10.7B | $16.2B |
| EBITDA | $14.4B | $11.8B | $12.4B | $12.4B | $17.8B |
| Net income | $6.88B | $4.98B | $6.40B | $7.59B | $7.76B |
| Free cash flow | $6.62B | $3.45B | $5.77B | $5.16B | $6.09B |
| Capital expenditure | $6.74B | $6.59B | $6.37B | $6.18B | $5.00B |
| Total debt | $8.25B | $9.13B | $5.79B | $4.80B | $5.96B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| EOG Resources EOG | $77.2B | +13% | +17% | 35% | 8.3× | -13.5% |
| Devon Energy DVN | $46.4B | -7% | +18% | 24% | 7.6× | 0.9% |
| Diamondback Energy FANG | $50.0B | -5% | +21% | 39% | 7.9× | -5.6% |
| ConocoPhillips COP | $164B | +21% | +9% | 22% | 11.5× | -6.2% |
| Permian Resources PR | $18.2B | +10% | +13% | 36% | 8.1× | -2.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EOG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.9% | -4.6% | 8th highest of 21 |
| 6-month return | +13.2% | +0.8% | 4th highest of 21 |
| Distance from 52-week high | -11.3% | -17.2% | 5th highest of 21 |
| Revenue growth (TTM) | +17.1% | +16.3% | 11th highest of 21 |
| Operating margin | 35.1% | 22.8% | 5th highest of 21 |
| Forward P/E | 8.3× | 7.7× | 9th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -13.5% | -12.2% | 10th least demanding of 21 |
| Growth delivered (Del g) | +17.9% | +16.8% | 10th highest of 21 |
| Hurdle (Req g minus delivered) | -31.4 pp | -27.8 pp | 6th least demanding of 21 |
| ROIC minus cost of capital | +14.8 pp | +8.8 pp | 5th highest of 21 |
| EV / EBITDA | 5.6× | 4.3× | 7th most expensive of 21 |
| Net debt / EBITDA | 0.2× | 0.7× | 4th least indebted of 21 |
| Bond spread | 72 bp | 82 bp | 4th tightest of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| EOG Resources EOG | United States | $77.2B | +13% | +17% | 35% | 8.3× | -13.5% | +17.9% |
| Suncor Energy SU.TO | Canada | $81.0B | +12% | +27% | 24% | 8.6× | -11.7% | +14.7% |
| Imperial Oil IMO.TO | Canada | $59.5B | +3% | +19% | 14% | 10.5× | -0.2% | +17.1% |
| Canadian Natural Resources CNQ.TO | Canada | $101B | +12% | +18% | 27% | 10.3× | 2.8% | +18.1% |
| Equinor EQNR.OL | Norway | $102B | +12% | +2% | 33% | 7.2× | -15.4% | +20.7% |
| Occidental Petroleum OXY | United States | $56.4B | +7% | -11% | 23% | 9.1× | -2.5% | +4.7% |
| Bp PLC BP..L | United Kingdom | $116B | +2% | +23% | 13% | 5.4× | -16.3% | +11.7% |
| Petroleo Brasileiro SA Sponsored ADR PBR | United States | $118B | -9% | +21% | 35% | 3.7× | -19.8% | +11.0% |
| Cenovus Energy CVE.TO | Canada | $50.2B | 0% | +12% | 21% | 6.7× | -14.4% | +29.7% |
| Devon Energy DVN | United States | $46.4B | -7% | +18% | 24% | 7.6× | 0.9% | +31.5% |
| CNOOC 600938.SS | China | $141B | -22% | +7% | 46% | 9.0× | -21.8% | +20.6% |
| Repsol REP.MC | Spain | $36.2B | +34% | +24% | 13% | 4.7× | -20.1% | +10.5% |
| Ecopetrol SA Sponsored ADR EC | United States | $32.6B | +23% | +6% | 22% | 6.5× | -6.7% | +15.9% |
| EQT EQT | United States | $30.9B | -12% | +18% | 42% | 16.0× | -1.9% | +25.7% |
| Oil & Natural Gas ONGC.NS | India | $30.8B | -18% | +7% | 9% | 5.6× | -12.6% | +14.9% |
| TotalEnergies TTE.PA | France | $200B | +2% | +11% | 17% | 7.0× | -15.6% | +9.0% |
| Inpex 1605.T | Japan | $25.9B | -16% | -8% | 49% | 7.4× | -14.4% | +21.1% |
| Indian Oil IOC.NS | India | $21.9B | 0% | +23% | 7% | 20.8× | -2.3% | +16.4% |
| Aker BP AKRBP.OL | Norway | $21.6B | -8% | +4% | 70% | 7.8× | -15.4% | +32.7% |
| Shell SHEL.L | United Kingdom | $284B | +18% | +15% | 16% | 7.7× | -10.9% | +8.1% |
| Expand Energy EXE | United States | $19.5B | -11% | +20% | 20% | 10.8× | -7.6% | +20.3% |
EOG Resources has 10 bonds outstanding with $7.75B face value. The agencies rate it A-; its bonds trade like A. Weighted yield 5.57%, a spread of 72 bp over government bonds.