Stock Analysis on Net

EOG Resources Inc. (NYSE:EOG)

This company has been moved to the archive! The financial data has not been updated since February 27, 2020.

Analysis of Reportable Segments 

Microsoft Excel

Segment Profit Margin

EOG Resources Inc., profit margin by reportable segment

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
United States 20.24% 24.41% 5.73% -20.56% -82.18%
Trinidad 43.23% 48.82% 37.42% 20.65% 48.17%
Other International -41.79% -5.97% -133.03% -119.72% -438.22%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin United States United States segment profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Trinidad Trinidad segment profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Other International Other International segment profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Segment Profit Margin: United States

EOG Resources Inc.; United States; segment profit margin calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Income (loss) before income taxes 3,451,677 4,099,918 623,194 (1,505,808) (6,832,514)
Operating revenues and other 17,052,363 16,794,591 10,872,071 7,323,200 8,314,442
Segment Profitability Ratio
Segment profit margin1 20.24% 24.41% 5.73% -20.56% -82.18%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Operating revenues and other
= 100 × 3,451,677 ÷ 17,052,363 = 20.24%

Segment profitability ratio Reportable segment The company
Segment profit margin United States United States segment profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Segment Profit Margin: Trinidad

EOG Resources Inc.; Trinidad; segment profit margin calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Income (loss) before income taxes 117,203 151,288 106,548 50,072 183,427
Operating revenues and other 271,106 309,860 284,713 242,424 380,809
Segment Profitability Ratio
Segment profit margin1 43.23% 48.82% 37.42% 20.65% 48.17%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Operating revenues and other
= 100 × 117,203 ÷ 271,106 = 43.23%

Segment profitability ratio Reportable segment The company
Segment profit margin Trinidad Trinidad segment profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Segment Profit Margin: Other International

EOG Resources Inc.; Other International; segment profit margin calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Income (loss) before income taxes (23,613) (10,208) (68,560) (101,769) (272,469)
Operating revenues and other 56,504 170,948 51,536 85,008 62,177
Segment Profitability Ratio
Segment profit margin1 -41.79% -5.97% -133.03% -119.72% -438.22%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Operating revenues and other
= 100 × -23,613 ÷ 56,504 = -41.79%

Segment profitability ratio Reportable segment The company
Segment profit margin Other International Other International segment profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Segment Return on Assets (Segment ROA)

EOG Resources Inc., ROA by reportable segment

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
United States 9.52% 12.36% 2.20% -5.40% -26.95%
Trinidad 16.61% 24.03% 10.93% 5.63% 20.68%
Other International -16.41% -8.09% -12.56% -15.35% -36.99%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Segment profitability ratio Reportable segment The company
Segment ROA United States United States segment ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Trinidad Trinidad segment ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.
Other International Other International segment ROA improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Segment ROA: United States

EOG Resources Inc.; United States; segment ROA calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Income (loss) before income taxes 3,451,677 4,099,918 623,194 (1,505,808) (6,832,514)
Total assets 36,274,942 33,178,733 28,312,599 27,907,083 25,351,908
Segment Profitability Ratio
Segment ROA1 9.52% 12.36% 2.20% -5.40% -26.95%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × 3,451,677 ÷ 36,274,942 = 9.52%

Segment profitability ratio Reportable segment The company
Segment ROA United States United States segment ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Segment ROA: Trinidad

EOG Resources Inc.; Trinidad; segment ROA calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Income (loss) before income taxes 117,203 151,288 106,548 50,072 183,427
Total assets 705,747 629,633 974,477 889,253 886,826
Segment Profitability Ratio
Segment ROA1 16.61% 24.03% 10.93% 5.63% 20.68%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × 117,203 ÷ 705,747 = 16.61%

Segment profitability ratio Reportable segment The company
Segment ROA Trinidad Trinidad segment ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.

Segment ROA: Other International

EOG Resources Inc.; Other International; segment ROA calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Income (loss) before income taxes (23,613) (10,208) (68,560) (101,769) (272,469)
Total assets 143,919 126,108 546,002 663,097 736,510
Segment Profitability Ratio
Segment ROA1 -16.41% -8.09% -12.56% -15.35% -36.99%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × -23,613 ÷ 143,919 = -16.41%

Segment profitability ratio Reportable segment The company
Segment ROA Other International Other International segment ROA improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Segment Asset Turnover

EOG Resources Inc., asset turnover by reportable segment

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
United States 0.47 0.51 0.38 0.26 0.33
Trinidad 0.38 0.49 0.29 0.27 0.43
Other International 0.39 1.36 0.09 0.13 0.08

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Segment activity ratio Reportable segment The company
Segment asset turnover United States United States segment asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Trinidad Trinidad segment asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.
Other International Other International segment asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.

Segment Asset Turnover: United States

EOG Resources Inc.; United States; segment asset turnover calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Operating revenues and other 17,052,363 16,794,591 10,872,071 7,323,200 8,314,442
Total assets 36,274,942 33,178,733 28,312,599 27,907,083 25,351,908
Segment Activity Ratio
Segment asset turnover1 0.47 0.51 0.38 0.26 0.33

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment asset turnover = Operating revenues and other ÷ Total assets
= 17,052,363 ÷ 36,274,942 = 0.47

Segment activity ratio Reportable segment The company
Segment asset turnover United States United States segment asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Segment Asset Turnover: Trinidad

EOG Resources Inc.; Trinidad; segment asset turnover calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Operating revenues and other 271,106 309,860 284,713 242,424 380,809
Total assets 705,747 629,633 974,477 889,253 886,826
Segment Activity Ratio
Segment asset turnover1 0.38 0.49 0.29 0.27 0.43

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment asset turnover = Operating revenues and other ÷ Total assets
= 271,106 ÷ 705,747 = 0.38

Segment activity ratio Reportable segment The company
Segment asset turnover Trinidad Trinidad segment asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.

Segment Asset Turnover: Other International

EOG Resources Inc.; Other International; segment asset turnover calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Operating revenues and other 56,504 170,948 51,536 85,008 62,177
Total assets 143,919 126,108 546,002 663,097 736,510
Segment Activity Ratio
Segment asset turnover1 0.39 1.36 0.09 0.13 0.08

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment asset turnover = Operating revenues and other ÷ Total assets
= 56,504 ÷ 143,919 = 0.39

Segment activity ratio Reportable segment The company
Segment asset turnover Other International Other International segment asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.

Segment Capital Expenditures to Depreciation

EOG Resources Inc., capital expenditures to depreciation by reportable segment

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
United States 1.70 1.87 1.24 1.85 1.43
Trinidad 0.67 0.02 1.27 0.52 0.66
Other International 0.68 0.81 0.60 0.72 5.93

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation United States United States segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Trinidad Trinidad segment capital expenditures to depreciation ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.
Other International Other International segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.

Segment Capital Expenditures to Depreciation: United States

EOG Resources Inc.; United States; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Additions to oil and gas properties, excluding dry hole costs 6,208,394 6,155,874 4,067,359 6,223,228 4,495,730
Depreciation, depletion and amortization 3,652,294 3,296,499 3,269,196 3,365,390 3,139,863
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.70 1.87 1.24 1.85 1.43

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment capital expenditures to depreciation = Additions to oil and gas properties, excluding dry hole costs ÷ Depreciation, depletion and amortization
= 6,208,394 ÷ 3,652,294 = 1.70

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation United States United States segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Segment Capital Expenditures to Depreciation: Trinidad

EOG Resources Inc.; Trinidad; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Additions to oil and gas properties, excluding dry hole costs 53,325 1,618 145,937 75,407 102,358
Depreciation, depletion and amortization 79,389 91,971 115,321 145,591 154,853
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.67 0.02 1.27 0.52 0.66

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment capital expenditures to depreciation = Additions to oil and gas properties, excluding dry hole costs ÷ Depreciation, depletion and amortization
= 53,325 ÷ 79,389 = 0.67

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Trinidad Trinidad segment capital expenditures to depreciation ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.

Segment Capital Expenditures to Depreciation: Other International

EOG Resources Inc.; Other International; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Additions to oil and gas properties, excluding dry hole costs 12,233 37,838 14,932 30,734 112,316
Depreciation, depletion and amortization 18,021 46,938 24,870 42,436 18,928
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.68 0.81 0.60 0.72 5.93

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Segment capital expenditures to depreciation = Additions to oil and gas properties, excluding dry hole costs ÷ Depreciation, depletion and amortization
= 12,233 ÷ 18,021 = 0.68

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Other International Other International segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.

Operating revenues and other

EOG Resources Inc., operating revenues and other by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
United States 17,052,363 16,794,591 10,872,071 7,323,200 8,314,442
Trinidad 271,106 309,860 284,713 242,424 380,809
Other International 56,504 170,948 51,536 85,008 62,177
Total 17,379,973 17,275,399 11,208,320 7,650,632 8,757,428

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).


Depreciation, depletion and amortization

EOG Resources Inc., depreciation, depletion and amortization by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
United States 3,652,294 3,296,499 3,269,196 3,365,390 3,139,863
Trinidad 79,389 91,971 115,321 145,591 154,853
Other International 18,021 46,938 24,870 42,436 18,928
Total 3,749,704 3,435,408 3,409,387 3,553,417 3,313,644

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).


Income (loss) before income taxes

EOG Resources Inc., income (loss) before income taxes by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
United States 3,451,677 4,099,918 623,194 (1,505,808) (6,832,514)
Trinidad 117,203 151,288 106,548 50,072 183,427
Other International (23,613) (10,208) (68,560) (101,769) (272,469)
Total 3,545,267 4,240,998 661,182 (1,557,505) (6,921,556)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).


Additions to oil and gas properties, excluding dry hole costs

EOG Resources Inc., additions to oil and gas properties, excluding dry hole costs by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
United States 6,208,394 6,155,874 4,067,359 6,223,228 4,495,730
Trinidad 53,325 1,618 145,937 75,407 102,358
Other International 12,233 37,838 14,932 30,734 112,316
Total 6,273,952 6,195,330 4,228,228 6,329,369 4,710,404

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).


Total assets

EOG Resources Inc., total assets by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
United States 36,274,942 33,178,733 28,312,599 27,907,083 25,351,908
Trinidad 705,747 629,633 974,477 889,253 886,826
Other International 143,919 126,108 546,002 663,097 736,510
Total 37,124,608 33,934,474 29,833,078 29,459,433 26,975,244

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).