EOG Resources, Inc. explores for, develops, produces and markets crude oil, natural gas liquids and natural gas. The company's operations are located in major producing basins in the United States, including the Delaware Basin, South Texas, the Appalachian Basin and the Rocky Mountain area, with additional operations offshore Trinidad and onshore Bahrain and the United Arab Emirates.
| Income statement · $ millions | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Total revenues | 22,632 | 23,698 | 24,186 | 3 |
| · Oil and condensate | 12,501 | 13,921 | 13,748 | |
| · Natural gas gathering transportation marketing and processing | 4,914 | 5,800 | 5,806 | |
| · Natural gas production | 2,791 | 1,551 | 1,744 | |
| · Natural gas liquids reserves | 2,376 | 2,106 | 1,884 | |
| Selling, general and administrative | 820 | 669 | 640 | |
| Depreciation, depletion and amortization | 4,461 | 4,108 | 3,492 | |
| Total operating expenses | 16,247 | 15,616 | 14,583 | |
| Operating income | 6,385 | 8,082 | 9,603 | 1 |
| Interest expense | 235 | 138 | 148 | 1 |
| Other income (expense), net | 212 | 274 | 234 | |
| Income before income taxes | 6,362 | 8,218 | 9,689 | |
| Income tax provision | 1,382 | 1,815 | 2,095 | 1 |
| — of which current | 1,039 | 1,348 | 1,415 | 1 |
| Net income attributable to common | 4,980 | 6,403 | 7,594 | 2 |
| Diluted earnings per share | $9.12 | $11.25 | $13.00 | |
| Weighted-average diluted shares | 546 | 569 | 584 |
| Cash flow · $ millions | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Net income incl. noncontrolling interests | 4,980 | 6,403 | 7,594 | |
| Depreciation, depletion and amortization | 4,461 | 4,108 | 3,492 | |
| Share-based compensation | 216 | 199 | 177 | |
| Deferred income taxes | 343 | 467 | 683 | |
| Change in receivables | (300) | (101) | 38 | |
| Change in inventories | 49 | (259) | 231 | |
| Change in payables | (271) | (36) | (119) | |
| Net cash provided by operating activities | 10,044 | 12,143 | 11,340 | 3 |
| Acquisitions, net of cash | 4,451 | 0 | 0 | |
| Net cash used in investing activities | (10,936) | (5,967) | (6,340) | 1 |
| Repurchases of common stock | 2,564 | 3,246 | 1,038 | |
| Debt issued | 4,471 | 985 | 0 | |
| Debt repaid | 2,516 | 0 | 1,250 | |
| Net cash used in financing activities | (2,804) | (4,361) | (5,694) | |
| Cash and equivalents at end of period | 3,396 | 7,092 | 5,278 |
| Balance sheet · $ millions | 2025 | 2024 | |
|---|---|---|---|
| Cash and cash equivalents | 3,396 | 7,092 | |
| Receivables, net | 2,681 | 2,650 | 1 |
| Inventories | 1,014 | 985 | 1 |
| Total current assets | 7,656 | 11,230 | |
| Property, plant and equipment, net | 42,341 | 34,212 | |
| Total assets | 51,799 | 47,186 | |
| Accounts payable | 2,904 | 2,464 | |
| Current debt | 27 | 532 | 1 |
| Total current liabilities | 4,691 | 5,354 | |
| Long-term debt | 7,909 | 4,220 | 1 |
| Stockholders' equity | 29,833 | 29,351 | |
| Total equity | 29,833 | 29,351 | 1 |
| Segments · as filed in the segment note · $ millions | United states of america segment | Trinidad | Other international | Consolidated |
|---|---|---|---|---|
| Net sales | 22,269 | 359 | 4 | 22,632 |
| Operating income | 6,423 | 48 | (86) | 6,385 |
| · operating margin | 28.8% | 13.4% | -2150.0% | 28.2% |
| Depreciation & amortization | 4,305 | 155 | 1 | 4,461 |
| Assets | 50,309 | 1,192 | 298 | 51,799 |
Rows render only when the filed members reconcile to the consolidated line; Corporate / unallocated is consolidated − Σ segments, arithmetic on filed lines. A concept whose members do not faithfully partition the total is omitted, never approximated.
| Largest FY/FY moves · $ millions, ranked by |Δ| | FY2025 | FY2024 | Δ $ | Δ % | Reading |
|---|---|---|---|---|---|
| Property, plant and equipment, net · BS | 42,341 | 34,212 | +8,129 | +23.8% | — |
| Net cash used in investing activities · CF | (10,936) | (5,967) | −4,969 | -83.3% | ◐ outsized |
| Total assets · BS | 51,799 | 47,186 | +4,613 | +9.8% | — |
| Cash and equivalents at end of period · CF | 3,396 | 7,092 | −3,696 | -52.1% | ◐ outsized |
| Cash and cash equivalents · BS | 3,396 | 7,092 | −3,696 | -52.1% | ◐ outsized |
| Long-term debt · BS | 7,909 | 4,220 | +3,689 | +87.4% | ◐ outsized |
| Total current assets · BS | 7,656 | 11,230 | −3,574 | -31.8% | — |
| Debt issued · CF | 4,471 | 985 | +3,486 | +353.9% | ◐ outsized |
| Net cash provided by operating activities · CF | 10,044 | 12,143 | −2,099 | -17.3% | — |
| Income before income taxes · IS | 6,362 | 8,218 | −1,856 | -22.6% | — |
| Operating income · IS | 6,385 | 8,082 | −1,697 | -21.0% | — |
| Net cash used in financing activities · CF | (2,804) | (4,361) | +1,557 | +35.7% | — |
| Net income attributable to common · IS | 4,980 | 6,403 | −1,423 | -22.2% | — |
| Net income incl. noncontrolling interests · CF | 4,980 | 6,403 | −1,423 | -22.2% | — |
| Business quality — Buffett/Munger screen · deterministic · not part of the filing score | Value | Reading |
|---|---|---|
| Return on equity net income ÷ average of start- and end-of-year equity | 16.8% sector median 14.3% | strong |
| Share count, year-end (year-end shares − prior year-end) ÷ prior year-end | +0.0% sector median +0.0% | flat |
| Debt to equity (current debt + long-term debt) ÷ year-end equity | 0.27 sector median 0.49 | low |
| FCF consistency operating cash flow − capital expenditure, per year | n/a | insufficient data |
| Margin stability pre-tax income ÷ revenue, swing across up to five years | pre-tax margin 28.1% sector median 14.6% | cyclical |
| Quarterly · as filed in 10-Q/10-K · $ millions | MAR 25 | JUN 25 | SEP 25 | MAR 26 | JUN 26 |
|---|---|---|---|---|---|
| Total revenues | 5,669 | 5,478 | 5,847 | 6,921 | 8,620 |
| Selling, general and administrative | 171 | 186 | 239 | 185 | 213 |
| Depreciation, depletion and amortization | 1,013 | 1,053 | 1,169 | 1,193 | 1,259 |
| Total operating expenses | 3,810 | 3,731 | 4,011 | 4,323 | 5,092 |
| Operating income | 1,859 | 1,747 | 1,836 | 2,598 | 3,528 |
| Interest expense | 47 | 51 | — | 66 | 67 |
| Other income (expense), net | 65 | 55 | 59 | 23 | 38 |
| Income before income taxes | 1,877 | 1,751 | 1,824 | 2,555 | 3,499 |
| Income tax provision | 414 | 406 | 353 | 575 | 775 |
| Net income attributable to common | 1,463 | 1,345 | 1,471 | 1,980 | 2,724 |
| Diluted earnings per share | $2.65 | $2.46 | $2.70 | $3.70 | $5.15 |
| Weighted-average diluted shares | 553 | 546 | 544 | 535 | 529 |
| Net cash provided by operating activities | 2,289 | — | — | 2,966 | — |
| Largest QoQ moves · latest vs prior filed quarter | Prior | Latest | Δ $ | Δ % |
|---|---|---|---|---|
| Total revenues | 6,921 | 8,620 | +1,699 | +24.5% |
| Income before income taxes | 2,555 | 3,499 | +944 | +36.9% |
| Operating income | 2,598 | 3,528 | +930 | +35.8% |
| Total operating expenses | 4,323 | 5,092 | +769 | +17.8% |
| Net income attributable to common | 1,980 | 2,724 | +744 | +37.6% |
| Net cash provided by operating activities | 2,289 | 2,966 | +677 | +29.6% |
| Income tax provision | 575 | 775 | +200 | +34.8% |
| Depreciation, depletion and amortization | 1,193 | 1,259 | +66 | +5.5% |
| Ownership — insiders & floatForm 4 + 10-K cover · open-market trades only | Value | Reading |
|---|---|---|
| Public float | $65,231M | 10-K cover · as of 2025-06-30 |
| Insider Form 4s, 90d | 24 filings · 0 buys / 1 sells | net selling · −$256,953 |
| · Crisp Charles R | SELL $256,953 | Form 4 filed 2026-05-28 · open market |
| Insider ownership % | 0.1% | directors & officers as a group · DEF 14A filed 2026-03-27 |
| Institutional % | — | needs 13F aggregation — not read yet, never estimated |
Not investment advice. DHI Signal publishes impersonal, rules-based research; no recommendation to buy or sell any security is made or implied. Every statement figure is transcribed from EOG Resources's Form 10-K for FY2025 (accession 0000821189-26-000054), pulled from EDGAR XBRL. Derived measures are computed only from lines shown on this page and the arithmetic is displayed so it can be checked. EOG is not in the tracked book. Market posture attaches only when the dashboard feed carries the name; this page computes none of it.