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
- Net Income (Loss)
- Over the period observed, net income exhibited notable volatility with significant fluctuations. Initially, net income increased from approximately 1.26 billion USD in 2005 to a peak near 2.44 billion USD in 2008. Following this peak, a sharp decline is observed in 2009, reducing net income to around 547 million USD. The years 2010 through 2014 show sporadic recoveries and downturns, culminating in substantial losses in 2015 and 2016 of -4.52 billion USD and -1.10 billion USD respectively. After 2016, net income rebounded again, achieving positive gains over the following years, reaching approximately 3.42 billion USD in 2018 before slightly declining to 2.73 billion USD in 2019. This pattern suggests sensitivity to changing business or market conditions, with periods of profitability interrupted by substantial losses.
- Operating Revenues and Other
- Revenues demonstrated a general upward trend throughout most of the period, increasing from roughly 3.62 billion USD in 2005 to a high of about 18.04 billion USD in 2014. This represents sustained growth with occasional periods of decline. Notably, revenues contracted in 2015 and 2016, falling to 8.76 billion USD and 7.65 billion USD respectively. After this contraction, revenues rebounded fairly strongly, reaching 17.38 billion USD in 2019. The fluctuations in revenue align with those observed in net income trends, indicating possible correlation between sales performance and profitability.
- Net Profit Margin
- The net profit margin reflects considerable variability and is closely tied to the changes in net income and revenues. Margins started relatively high, at 34.79% in 2005, and showed minor decreases during the next couple of years, remaining above 25% until 2008. A sharp decline occurred in 2009 to 11.42%, followed by a further fall to a low of 2.63% in 2010. Margins improved moderately until 2014, after which a steep negative margin was observed in 2015 (-51.66%) and 2016 (-14.33%), corresponding with noted losses. Recovery took place after 2016, with margins improving to 23.04% in 2017 and maintaining positive figures close to 15-20% through 2019. The profit margin fluctuations suggest periods of strong operational challenges offset by recovery phases.
- Summary Insights
- The overall data reveals a cycle of strong growth, abrupt downturns, and subsequent recoveries. Both revenue and net income peak before experiencing steep declines around the mid-2010s, indicative of significant operational or market disruptions. The loss years (2015 and 2016) highlight a critical period of financial stress, with margins turning deeply negative. The recovery in margins and net income post-2016 suggests successful measures to restore profitability and operational efficiency. The volatility across the entire period highlights an exposure to external factors impacting financial stability and performance consistency.
Comparison to Competitors
EOG Resources Inc., net profit margin, long-term trends, comparison to competitors
| EOG Resources Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2019 | 15.74% | 2.09% | 22.07% | 5.61% | -3.27% |
| Dec 31, 2018 | 19.79% | 9.33% | 17.18% | 7.46% | 23.18% |
| Dec 31, 2017 | 23.04% | 6.83% | -2.94% | 8.31% | 10.48% |
| Dec 31, 2016 | -14.33% | -0.45% | -15.26% | 3.59% | -5.69% |
| Dec 31, 2015 | -51.66% | 3.53% | -14.98% | 6.22% | -62.73% |
| Dec 31, 2014 | 16.17% | 9.60% | 13.08% | 8.25% | 3.19% |
| Dec 31, 2013 | 15.17% | 9.73% | 16.83% | 7.74% | 24.14% |
| Dec 31, 2012 | 4.88% | 11.35% | 14.54% | 9.90% | 19.02% |
| Dec 31, 2011 | 10.78% | 11.01% | 5.08% | 8.79% | 28.28% |
| Dec 31, 2010 | 2.63% | 9.60% | 6.00% | 8.23% | 23.79% |
| Dec 31, 2009 | 11.42% | 6.26% | 3.25% | 6.39% | 18.92% |
| Dec 31, 2008 | 34.19% | 9.03% | -7.06% | 9.84% | 28.31% |
| Dec 31, 2007 | 26.01% | 8.73% | 6.34% | 10.40% | 28.75% |
| Dec 31, 2006 | 33.29% | 8.36% | 8.47% | 10.81% | 23.68% |
| Dec 31, 2005 | 34.79% | 7.28% | 7.54% | 10.07% | 34.73% |
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% | 5.30% |
| Dec 31, 2018 | 19.79% | 9.35% |
| Dec 31, 2017 | 23.04% | 7.10% |
| Dec 31, 2016 | -14.33% | 0.87% |
| Dec 31, 2015 | -51.66% | 1.97% |
| Dec 31, 2014 | 16.17% | 8.89% |
| Dec 31, 2013 | 15.17% | 9.59% |
| Dec 31, 2012 | 4.88% | 10.98% |
| Dec 31, 2011 | 10.78% | 8.89% |
| Dec 31, 2010 | 2.63% | 8.42% |
| Dec 31, 2009 | 11.42% | 5.92% |
| Dec 31, 2008 | 34.19% | 5.96% |
| Dec 31, 2007 | 26.01% | 9.45% |
| Dec 31, 2006 | 33.29% | 9.90% |
| Dec 31, 2005 | 34.79% | 9.24% |
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% | 2.84% |
| Dec 31, 2018 | 19.79% | 9.17% |
| Dec 31, 2017 | 23.04% | 6.28% |
| Dec 31, 2016 | -14.33% | 0.38% |
| Dec 31, 2015 | -51.66% | 2.26% |
| Dec 31, 2014 | 16.17% | 9.05% |
| Dec 31, 2013 | 15.17% | 9.91% |
| Dec 31, 2012 | 4.88% | 11.09% |
| Dec 31, 2011 | 10.78% | 9.04% |
| Dec 31, 2010 | 2.63% | 8.66% |
| Dec 31, 2009 | 11.42% | 6.20% |
| Dec 31, 2008 | 34.19% | 6.34% |
| Dec 31, 2007 | 26.01% | 9.80% |
| Dec 31, 2006 | 33.29% | 10.13% |
| Dec 31, 2005 | 34.79% | 9.36% |
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).