EOG Resources (EOG)
A big US shale driller with a reputation for spending carefully and sending steady cash back to shareholders.
Is EOG Resources a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Below-market P/E multiple on trailing earnings. Worth weighing: Earnings are highly sensitive to volatile commodity prices.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Share price divided by the earnings actually reported over the four most recent quarters. The range is the same calculation at each of this company's last few results, so roughly the past year.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does EOG Resources do?
EOG hunts for and pumps crude oil and natural gas out of US shale rock, mainly the Permian and Eagle Ford basins, and funds itself largely from its own cash flow. It's a solid earner - a roughly 25% net margin: How much of each £1 of sales becomes profit after all costs. Higher = more profitable per sale. and 18% return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business. - and screens well on value and quality (high 70s out of 100) with a middling momentum reading. Its shares carry a below-market P/E: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth. of 13.2 (about 9.1 on next year's forecasts), which fits a mature energy firm whose profits swing with commodity prices. The one thing worth watching -> oil and gas prices, since that's what drives the whole cyclical: A business whose sales and profits rise and fall with the wider economy - booming in good times, sinking in downturns. Miners, carmakers and banks are classic examples. ride.
On our factor screen it looks strongest on growth and value, and weakest on income.
- ✓Pays a dividend - about 2.9% a year
- ✓Growing - revenue up about 59% over the year
- ✓Very profitable - turns about 26% of sales into profit
- ·Low P/E of 11 vs last year's earnings
- ✓Low debt - a sturdier balance sheet
- ✓Strong return on shareholder money (ROE 23%)
- Value screens high
- Quality screens high
- Growth screens high
- Momentum screens high
- Income screens high
- —
Does EOG Resources pay a dividend?
Yes - EOG Resources currently pays a dividend of about 2.9% a year, which is £29 a year for every £1,000 invested (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it. An ISA doesn't shelter the US tax on this one →
What do the numbers say about EOG Resources's dividend?
There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.
Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.
Most recent ex-dividend date: 17 Jul 2026. To receive a dividend you must already own the shares before the ex-dividend date; become a holder on or after it and the previous owner keeps that payment. Why the price usually falls that morning →
Does EOG Resources have more cash or more debt?
It holds about $4.91B in cash against about $8.25B of debt - so it has net debt of about $3.34B. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.
From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.
What do EOG Resources's numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
Over about 2 years to 2026-09-11. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has EOG Resources actually fallen?
Over the last 2 years of daily prices, EOG Resources fell as much as −26% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Who owns EOG Resources?
About 99% of EOG Resources, or about 99 in every 100 shares, is held by big institutions such as pension and index funds. The rest, roughly 0%, is held by the public and smaller investors.
What this does and doesn't tell you
This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does EOG Resources make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Where does each £100 of EOG Resources's sales go?
A rough split of the latest full-year figures: of every £100 of sales, about £37 covers making the product or service, £37 goes on running costs, tax and interest, and about £26 is left as profit. Margins vary a lot by industry, and one-off items can distort a single year.
When does EOG Resources report earnings, and how did recent quarters go?
EOG Resources is next scheduled to report on about 2026-11-05 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-05-05 | $3.21 | $3.41 | Beat +6% |
| 2026-02-24 | $2.20 | $2.27 | Beat +3% |
| 2025-11-06 | $2.45 | $2.71 | Beat +11% |
| 2025-08-07 | $2.20 | $2.32 | Beat +5% |
| 2025-05-01 | $2.77 | $2.87 | Beat +4% |
| 2025-02-27 | $2.57 | $2.74 | Beat +7% |
Across the last 6 quarters here, EOG Resources came in ahead of what analysts expected 6 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for EOG Resources?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
Energy prices remain structurally supported and the company keeps consolidating low-cost shale acreage.
A faster-than-expected shift away from fossil fuels or prolonged oversupply pressures long-run earnings.
What are the pros and cons of EOG Resources?
A balance check, not a score or verdict.
- Below-market P/E: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth. multiple on trailing earnings
- Healthy net margin: How much of each £1 of sales becomes profit after all costs. Higher = more profitable per sale. and double-digit ROE
- 3.0% dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone. provides a running income component
- History of capital discipline in the shale sector
- Earnings are highly sensitive to volatile commodity prices
- Revenue growth: How fast the company's sales grew versus a year ago. can reverse quickly if oil/gas prices fall
- Momentum score (M57) is only middling, showing no strong recent price trend either way
- Oil and natural gas price volatility directly affects profitability
- Regulatory and environmental policy shifts affecting shale drilling
- Long-term demand risk from the energy transition
- Geopolitical events affecting global energy supply
The write-up's own warning lights — if these start happening, the case above changes.
- A sustained drop in oil and gas prices without offsetting cost reductions would undercut the healthy-margin picture
- Rising production costs or well-productivity decline that shrinks margins materially
- A prolonged dividend cut would undercut the income characteristic
Common questions about EOG Resources
Does EOG Resources pay a dividend?
Yes - EOG Resources currently pays a dividend of about 2.9% a year. Dividends are a share of profit paid to holders; the yield moves with the price and payouts can be cut.
When does EOG Resources report earnings next?
EOG Resources is next scheduled to report results on about 2026-11-05. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
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