Price to Earnings (P/E)
since 2005
Calculation
EOG Resources Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) available to common stockholders1 (in thousands) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 27, 2020 | 12.77 | = | 60.00 | ÷ | 4.70 | 4.70 | = | 2,734,910 | ÷ | 582,054,451 | |
| Feb 26, 2019 | 15.93 | = | 93.91 | ÷ | 5.89 | 5.89 | = | 3,419,040 | ÷ | 580,053,225 | |
| Feb 27, 2018 | 23.96 | = | 106.94 | ÷ | 4.46 | 4.46 | = | 2,582,579 | ÷ | 578,636,343 | |
| Feb 27, 2017 | — | = | 97.91 | ÷ | -1.90 | -1.90 | = | -1,096,686 | ÷ | 576,832,077 | |
| Feb 25, 2016 | — | = | 68.50 | ÷ | -8.23 | -8.23 | = | -4,524,515 | ÷ | 549,883,390 | |
| Feb 18, 2015 | 17.93 | = | 95.31 | ÷ | 5.32 | 5.32 | = | 2,915,487 | ÷ | 548,445,003 | |
| Feb 24, 2014 | 22.43 | = | 90.20 | ÷ | 4.02 | 4.02 | = | 2,197,109 | ÷ | 546,239,144 | |
| Feb 22, 2013 | 59.73 | = | 62.67 | ÷ | 1.05 | 1.05 | = | 570,279 | ÷ | 543,493,020 | |
| Feb 24, 2012 | 28.99 | = | 58.78 | ÷ | 2.03 | 2.03 | = | 1,091,123 | ÷ | 538,171,214 | |
| Feb 24, 2011 | 174.39 | = | 55.09 | ÷ | 0.32 | 0.32 | = | 160,654 | ÷ | 508,558,574 | |
| Feb 25, 2010 | 43.07 | = | 46.61 | ÷ | 1.08 | 1.08 | = | 546,627 | ÷ | 505,156,106 | |
| Feb 25, 2009 | 5.33 | = | 26.02 | ÷ | 4.88 | 4.88 | = | 2,436,476 | ÷ | 499,380,188 | |
| Feb 28, 2008 | 28.44 | = | 62.37 | ÷ | 2.19 | 2.19 | = | 1,083,255 | ÷ | 494,038,376 | |
| Feb 28, 2007 | 12.82 | = | 33.87 | ÷ | 2.64 | 2.64 | = | 1,288,890 | ÷ | 487,996,298 | |
| Feb 23, 2006 | 13.53 | = | 34.93 | ÷ | 2.58 | 2.58 | = | 1,252,144 | ÷ | 485,095,048 |
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$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of EOG Resources Inc. Annual Report.
The financial performance between 2006 and 2020 is characterized by substantial volatility in valuation and profitability. The share price experienced a long-term upward trend that peaked in 2018 before a significant correction occurred in 2020.
- Share Price Trajectory
- The share price increased from 34.93 USD in 2006 to a high of 106.94 USD in 2018. This growth was interrupted by a sharp decline to 26.02 USD in 2009 and a subsequent drop to 60.00 USD by 2020.
- Earnings Per Share (EPS) Volatility
- Earnings showed significant instability, fluctuating between peaks of 5.89 USD in 2019 and deep losses of -8.23 USD in 2016. This volatility indicates a high sensitivity to external market conditions affecting operational profitability.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio exhibited extreme variance, moving from a low of 5.33 in 2009 to an outlier peak of 174.39 in 2011. The absence of P/E ratios in 2016 and 2017 coincides with the period of negative earnings. From 2018 onward, the ratio stabilized within a range of 12.77 to 23.96, suggesting a more grounded valuation relative to earnings.
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Comparison to Competitors
EOG Resources Inc., P/E, long-term trends, comparison to competitors
| EOG Resources Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Feb 27, 2020 | 12.77 | 70.06 | 8.77 | 15.64 |
| Feb 26, 2019 | 15.93 | 15.30 | 12.60 | 16.15 |
| Feb 27, 2018 | 23.96 | 22.83 | — | 16.28 |
| Feb 27, 2017 | — | — | — | 42.80 |
| Feb 25, 2016 | — | 35.02 | — | 20.96 |
| Feb 18, 2015 | 17.93 | 10.61 | 12.03 | 11.56 |
| Feb 24, 2014 | 22.43 | 10.04 | 8.91 | 12.71 |
| Feb 22, 2013 | 59.73 | 8.61 | 8.49 | 8.94 |
| Feb 24, 2012 | 28.99 | 7.96 | 7.60 | 10.03 |
| Feb 24, 2011 | 174.39 | 10.77 | 9.89 | 13.89 |
| Feb 25, 2010 | 43.07 | 13.81 | 14.78 | 15.92 |
| Feb 25, 2009 | 5.33 | 5.29 | — | 7.42 |
| Feb 28, 2008 | 28.44 | 9.89 | 10.59 | 11.78 |
| Feb 28, 2007 | 12.82 | 8.63 | 7.09 | 10.33 |
| Feb 23, 2006 | 13.53 | 9.04 | 6.31 | 10.03 |
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., P/E, long-term trends, comparison to sector (oil, gas & consumable fuels)
| EOG Resources Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 27, 2020 | 12.77 | 20.13 |
| Feb 26, 2019 | 15.93 | 15.32 |
| Feb 27, 2018 | 23.96 | 21.22 |
| Feb 27, 2017 | — | 162.35 |
| Feb 25, 2016 | — | 33.10 |
| Feb 18, 2015 | 17.93 | 11.30 |
| Feb 24, 2014 | 22.43 | 11.25 |
| Feb 22, 2013 | 59.73 | 8.78 |
| Feb 24, 2012 | 28.99 | 8.96 |
| Feb 24, 2011 | 174.39 | 12.17 |
| Feb 25, 2010 | 43.07 | 15.12 |
| Feb 25, 2009 | 5.33 | 9.95 |
| Feb 28, 2008 | 28.44 | 11.08 |
| Feb 28, 2007 | 12.82 | 9.23 |
| Feb 23, 2006 | 13.53 | 9.02 |
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., P/E, long-term trends, comparison to industry (energy)
| EOG Resources Inc. | Energy | |
|---|---|---|
| Feb 27, 2020 | 12.77 | 37.93 |
| Feb 26, 2019 | 15.93 | 15.94 |
| Feb 27, 2018 | 23.96 | 26.50 |
| Feb 27, 2017 | — | 354.83 |
| Feb 25, 2016 | — | 33.85 |
| Feb 18, 2015 | 17.93 | 11.97 |
| Feb 24, 2014 | 22.43 | 11.81 |
| Feb 22, 2013 | 59.73 | 9.43 |
| Feb 24, 2012 | 28.99 | 9.63 |
| Feb 24, 2011 | 174.39 | 13.24 |
| Feb 25, 2010 | 43.07 | 15.83 |
| Feb 25, 2009 | 5.33 | 9.90 |
| Feb 28, 2008 | 28.44 | 11.66 |
| Feb 28, 2007 | 12.82 | 9.76 |
| Feb 23, 2006 | 13.53 | 9.78 |
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).