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 data reveals notable fluctuations in the share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over the analyzed period.
- Share Price
- The share price exhibited significant volatility, starting at $34.93 in early 2006 and reaching a peak of $106.94 in early 2018. There were marked increases from 2006 to 2008, with a sharp decline in 2009 to $26.02. Following this dip, the share price generally trended upward, peaking in 2018, before experiencing a decline to $60 by early 2020.
- Earnings Per Share (EPS)
- EPS showed considerable variation, with values ranging from a high of $5.89 in early 2019 to a low of -$8.23 in early 2016. The EPS was relatively stable and positive from 2006 to 2009, with a drop in 2010 and a subsequent period of fluctuation including negative earnings in 2016 and 2017. After 2017, EPS improved notably, returning to positive values through 2020.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio reflected the volatility seen in EPS and share price. It began in the low teens in 2006-2007, surged to an elevated 174.39 in 2011—likely reflecting very low EPS—and generally fluctuated thereafter. There was an absence of data for 2015 and 2016, possibly due to negative EPS during those years, which typically invalidates P/E calculation. The ratio's decline from 59.73 in 2013 to 12.77 in 2020 signals a shift toward more normalized valuation levels relative to earnings.
Overall, the data suggests cyclical performance with earnings volatility significantly impacting valuation multiples. The periods of negative earnings and corresponding elevations in P/E ratios indicate phases of financial stress or restructuring, while recoveries in EPS contributed to share price appreciation and more conventional valuation metrics in recent years.
Comparison to Competitors
EOG Resources Inc., P/E, long-term trends, comparison to competitors
| EOG Resources Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Feb 27, 2020 | 12.77 | 70.06 | 8.77 | 15.64 | — |
| Feb 26, 2019 | 15.93 | 15.30 | 12.60 | 16.15 | 12.08 |
| Feb 27, 2018 | 23.96 | 22.83 | — | 16.28 | 39.87 |
| Feb 27, 2017 | — | — | — | 42.80 | — |
| Feb 25, 2016 | — | 35.02 | — | 20.96 | — |
| Feb 18, 2015 | 17.93 | 10.61 | 12.03 | 11.56 | 99.82 |
| Feb 24, 2014 | 22.43 | 10.04 | 8.91 | 12.71 | 12.93 |
| Feb 22, 2013 | 59.73 | 8.61 | 8.49 | 8.94 | 14.33 |
| Feb 24, 2012 | 28.99 | 7.96 | 7.60 | 10.03 | 12.54 |
| Feb 24, 2011 | 174.39 | 10.77 | 9.89 | 13.89 | 18.26 |
| Feb 25, 2010 | 43.07 | 13.81 | 14.78 | 15.92 | 22.01 |
| Feb 25, 2009 | 5.33 | 5.29 | — | 7.42 | 5.96 |
| Feb 28, 2008 | 28.44 | 9.89 | 10.59 | 11.78 | 11.21 |
| Feb 28, 2007 | 12.82 | 8.63 | 7.09 | 10.33 | 9.28 |
| Feb 23, 2006 | 13.53 | 9.04 | 6.31 | 10.03 | 7.06 |
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 | 22.22 |
| Feb 26, 2019 | 15.93 | 15.03 |
| Feb 27, 2018 | 23.96 | 22.05 |
| Feb 27, 2017 | — | 207.70 |
| Feb 25, 2016 | — | 69.95 |
| Feb 18, 2015 | 17.93 | 12.22 |
| Feb 24, 2014 | 22.43 | 11.39 |
| Feb 22, 2013 | 59.73 | 9.08 |
| Feb 24, 2012 | 28.99 | 9.24 |
| Feb 24, 2011 | 174.39 | 12.59 |
| Feb 25, 2010 | 43.07 | 15.66 |
| Feb 25, 2009 | 5.33 | 9.49 |
| Feb 28, 2008 | 28.44 | 11.09 |
| Feb 28, 2007 | 12.82 | 9.23 |
| Feb 23, 2006 | 13.53 | 8.87 |
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 | 42.93 |
| Feb 26, 2019 | 15.93 | 15.61 |
| Feb 27, 2018 | 23.96 | 27.13 |
| Feb 27, 2017 | — | 527.67 |
| Feb 25, 2016 | — | 64.02 |
| Feb 18, 2015 | 17.93 | 12.81 |
| Feb 24, 2014 | 22.43 | 11.89 |
| Feb 22, 2013 | 59.73 | 9.68 |
| Feb 24, 2012 | 28.99 | 9.84 |
| Feb 24, 2011 | 174.39 | 13.56 |
| Feb 25, 2010 | 43.07 | 16.28 |
| Feb 25, 2009 | 5.33 | 9.48 |
| Feb 28, 2008 | 28.44 | 11.63 |
| Feb 28, 2007 | 12.82 | 9.74 |
| Feb 23, 2006 | 13.53 | 9.58 |
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).