Stock Analysis on Net

EOG Resources Inc. (NYSE:EOG)

$22.49

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

Analysis of Revenues

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Revenues as Reported

EOG Resources Inc., income statement, revenues

US$ in thousands

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
United States
Trinidad
Other International
Operating revenues and other

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).


United States Revenue Trend
The revenue generated in the United States exhibited a fluctuating but overall increasing pattern over the five-year period. Starting at approximately 8.31 billion US dollars in 2015, there was a slight decline in 2016 to around 7.32 billion, followed by a substantial increase in 2017 to approximately 10.87 billion dollars. This upward momentum continued with a significant rise in 2018 to nearly 16.79 billion dollars, culminating in a peak of about 17.05 billion dollars in 2019. The trend indicates strong growth particularly from 2016 onward.
Trinidad Revenue Trend
Revenues from Trinidad showed variability with a generally declining trend in the later years. The revenue decreased from approximately 381 million dollars in 2015 to around 242 million in 2016, followed by moderate increases in 2017 and 2018, reaching about 310 million dollars. However, in 2019, there was a decline to approximately 271 million dollars. The pattern suggests some instability with no sustained growth.
Other International Revenue Trend
The revenue from other international operations demonstrated considerable volatility. Beginning at around 62 million dollars in 2015, it increased moderately to about 85 million in 2016, then sharply declined to around 51.5 million dollars in 2017. A notable jump occurred in 2018 to nearly 171 million dollars, followed by a significant decrease to approximately 56.5 million dollars in 2019. This suggests inconsistency and lack of stable growth within these markets.
Overall Operating Revenues and Other
The total operating revenues and other income closely mirrored the trends evident in the United States revenues, reflecting the dominant contribution of the US segment. Total revenues started at approximately 8.76 billion dollars in 2015, declined to around 7.65 billion in 2016, then increased significantly to roughly 11.21 billion in 2017. The upward movement continued strongly in 2018 to nearly 17.28 billion dollars and slightly increased further to about 17.38 billion dollars in 2019. The overall growth trend indicates expanding business activity and revenue enhancement driven primarily by domestic operations.
Summary
The data reveals that US operations play a critical role in revenue growth, showing strong and significantly increasing contributions over the period. Revenues from Trinidad and other international markets were inconsistent and generally lower in scale, with no clear upward trend. Total operating revenues reflected the pattern of US revenues, underscoring its importance to overall financial performance. The year 2016 appears as a low point across the board, followed by recovery and growth from 2017 onwards.