Net Profit Margin
since 2005
Calculation
EOG Resources Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Operating revenues and other1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | 15.74% | = | 100 | × | 2,734,910) | ÷ | 17,379,973) |
| Dec 31, 2018 | 19.79% | = | 100 | × | 3,419,040) | ÷ | 17,275,399) |
| Dec 31, 2017 | 23.04% | = | 100 | × | 2,582,579) | ÷ | 11,208,320) |
| Dec 31, 2016 | -14.33% | = | 100 | × | (1,096,686) | ÷ | 7,650,632) |
| Dec 31, 2015 | -51.66% | = | 100 | × | (4,524,515) | ÷ | 8,757,428) |
| Dec 31, 2014 | 16.17% | = | 100 | × | 2,915,487) | ÷ | 18,035,340) |
| Dec 31, 2013 | 15.17% | = | 100 | × | 2,197,109) | ÷ | 14,487,118) |
| Dec 31, 2012 | 4.88% | = | 100 | × | 570,279) | ÷ | 11,682,636) |
| Dec 31, 2011 | 10.78% | = | 100 | × | 1,091,123) | ÷ | 10,126,115) |
| Dec 31, 2010 | 2.63% | = | 100 | × | 160,654) | ÷ | 6,099,896) |
| Dec 31, 2009 | 11.42% | = | 100 | × | 546,627) | ÷ | 4,786,959) |
| Dec 31, 2008 | 34.19% | = | 100 | × | 2,436,919) | ÷ | 7,127,143) |
| Dec 31, 2007 | 26.01% | = | 100 | × | 1,089,918) | ÷ | 4,190,791) |
| Dec 31, 2006 | 33.29% | = | 100 | × | 1,299,885) | ÷ | 3,904,415) |
| Dec 31, 2005 | 34.79% | = | 100 | × | 1,259,576) | ÷ | 3,620,213) |
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), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial performance from 2005 to 2019 is characterized by extreme volatility in net profit margins, reflecting a high sensitivity to market fluctuations. Profitability transitioned through several distinct cycles of expansion, sharp contraction, and severe impairment before reaching a state of relative stabilization.
- Initial High-Profitability Phase (2005–2008)
- During this period, net profit margins remained consistently strong, starting at 34.79% in 2005 and maintaining levels above 26%. Despite fluctuations in operating revenues, the company demonstrated a high capacity to convert revenue into net income.
- First Cycle of Margin Compression (2009–2012)
- A significant downward trend in profitability occurred, with the net profit margin dropping to 11.42% in 2009 and reaching a period low of 2.63% in 2010. Although operating revenues continued to grow, reaching over 11 billion US dollars by 2012, net income remained disproportionately low, indicating an increase in costs or a decline in realized prices.
- Intermediate Recovery (2013–2014)
- Profitability recovered moderately, with margins stabilizing between 15.17% and 16.17%. This phase coincided with a substantial increase in operating revenues, which peaked at approximately 18.04 billion US dollars in 2014.
- Critical Impairment and Net Losses (2015–2016)
- A severe downturn occurred in 2015, resulting in a net loss of approximately 4.52 billion US dollars and a negative net profit margin of -51.66%. This negative trend persisted into 2016, with a margin of -14.33%, signaling a period of substantial financial distress or large-scale asset write-downs.
- Stabilization and Return to Profitability (2017–2019)
- A strong recovery began in 2017, with the net profit margin rebounding to 23.04%. While the company remained profitable through 2019, a gradual decline in the margin is observed, ending the period at 15.74% as operating revenues remained stagnant near 17.38 billion US dollars.
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Comparison to Competitors
EOG Resources Inc., net profit margin, long-term trends, comparison to competitors
| EOG Resources Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2019 | 15.74% | 2.09% | 22.07% | 5.61% |
| Dec 31, 2018 | 19.79% | 9.33% | 17.18% | 7.46% |
| Dec 31, 2017 | 23.04% | 6.83% | -2.94% | 8.31% |
| Dec 31, 2016 | -14.33% | -0.45% | -15.26% | 3.59% |
| Dec 31, 2015 | -51.66% | 3.53% | -14.98% | 6.22% |
| Dec 31, 2014 | 16.17% | 9.60% | 13.08% | 8.25% |
| Dec 31, 2013 | 15.17% | 9.73% | 16.83% | 7.74% |
| Dec 31, 2012 | 4.88% | 11.35% | 14.54% | 9.90% |
| Dec 31, 2011 | 10.78% | 11.01% | 5.08% | 8.79% |
| Dec 31, 2010 | 2.63% | 9.60% | 6.00% | 8.23% |
| Dec 31, 2009 | 11.42% | 6.26% | 3.25% | 6.39% |
| Dec 31, 2008 | 34.19% | 9.03% | -7.06% | 9.84% |
| Dec 31, 2007 | 26.01% | 8.73% | 6.34% | 10.40% |
| Dec 31, 2006 | 33.29% | 8.36% | 8.47% | 10.81% |
| Dec 31, 2005 | 34.79% | 7.28% | 7.54% | 10.07% |
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), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
EOG Resources Inc., net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)
| EOG Resources Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2019 | 15.74% | 5.71% |
| Dec 31, 2018 | 19.79% | 8.83% |
| Dec 31, 2017 | 23.04% | 7.00% |
| Dec 31, 2016 | -14.33% | 1.06% |
| Dec 31, 2015 | -51.66% | 3.89% |
| Dec 31, 2014 | 16.17% | 9.06% |
| Dec 31, 2013 | 15.17% | 9.08% |
| Dec 31, 2012 | 4.88% | 10.72% |
| Dec 31, 2011 | 10.78% | 8.41% |
| Dec 31, 2010 | 2.63% | 8.03% |
| Dec 31, 2009 | 11.42% | 5.60% |
| Dec 31, 2008 | 34.19% | 5.40% |
| Dec 31, 2007 | 26.01% | 8.99% |
| Dec 31, 2006 | 33.29% | 9.57% |
| Dec 31, 2005 | 34.79% | 8.71% |
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), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
EOG Resources Inc., net profit margin, long-term trends, comparison to industry (energy)
| EOG Resources Inc. | Energy | |
|---|---|---|
| Dec 31, 2019 | 15.74% | 3.11% |
| Dec 31, 2018 | 19.79% | 8.68% |
| Dec 31, 2017 | 23.04% | 6.15% |
| Dec 31, 2016 | -14.33% | 0.54% |
| Dec 31, 2015 | -51.66% | 4.04% |
| Dec 31, 2014 | 16.17% | 9.21% |
| Dec 31, 2013 | 15.17% | 9.44% |
| Dec 31, 2012 | 4.88% | 10.84% |
| Dec 31, 2011 | 10.78% | 8.58% |
| Dec 31, 2010 | 2.63% | 8.29% |
| Dec 31, 2009 | 11.42% | 5.89% |
| Dec 31, 2008 | 34.19% | 5.80% |
| Dec 31, 2007 | 26.01% | 9.37% |
| Dec 31, 2006 | 33.29% | 9.82% |
| Dec 31, 2005 | 34.79% | 8.84% |
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), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).