Stock Analysis on Net
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.

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

EOG Resources Inc., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net income (loss)1 ÷ Total assets1
Dec 31, 2019 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

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)
The net income exhibits significant volatility across the analyzed period. It increased from approximately $1.26 billion in 2005, peaking at around $2.44 billion in 2008. Subsequently, a sharp decline occurred, with net income dropping to $160.7 million in 2010. Following this low point, the company experienced a recovery phase, reaching a peak of nearly $2.92 billion in 2014. However, this was followed by substantial losses in 2015 and 2016, with negative values of approximately $4.52 billion and $1.10 billion respectively. The net income then rebounded strongly, recording positive figures above $2.5 billion through 2019. Overall, the pattern reflects cycles of recovery and decline, with significant fluctuations reflective of underlying operational or market conditions.
Total Assets
Total assets showed a consistent upward trajectory throughout most of the period. Starting at approximately $7.75 billion in 2005, assets grew nearly fivefold, reaching about $34.1 billion by the end of 2018 and continuing to expand to $37.1 billion by 2019. Despite the large net income losses in 2015 and 2016, asset accumulation continued unabated, indicating ongoing investments or acquisitions. The only noticeable dip occurred in the asset base during 2015, when assets reduced to approximately $27.0 billion from the prior year, though recovery was swift in subsequent years.
Return on Assets (ROA)
Return on Assets displays considerable variability, mirroring net income trends but with more granular changes. ROA began strongly at 16.25% in 2005 and declined to a low of 0.74% in 2010, indicating decreased efficiency in asset utilization during this period. A modest recovery followed, reaching 8.39% in 2014 before a sharp downturn occurred in 2015 and 2016, with ROA dropping to -16.77% and -3.72%, respectively. This period coincides with the largest recorded net income losses, emphasizing inefficiencies or challenges during these years. The ROA recovered thereafter, stabilizing above 7% through 2019, suggesting an improvement in profitability relative to asset base.
Summary
The data portrays a company experiencing cycles of growth and contraction in profitability amidst steady asset growth. The fluctuations in net income and corresponding ROA highlight periods of financial strain, particularly in 2015 and 2016, which may correspond to extraordinary events or market downturns. Despite these challenges, the continuous expansion of total assets indicates strategic investment and possible confidence in long-term growth prospects. The recovery in profitability and asset efficiency by 2019 suggests effective management responses to prior difficulties.

Comparison to Competitors

EOG Resources Inc., ROA, long-term trends, comparison to competitors

Microsoft Excel
EOG Resources Inc. Chevron Corp. ConocoPhillips Exxon Mobil Corp. Occidental Petroleum Corp.
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
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Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
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Dec 31, 2005

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., ROA, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel
EOG Resources Inc. Oil, Gas & Consumable Fuels
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
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Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
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Dec 31, 2005

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., ROA, long-term trends, comparison to industry (energy)

Microsoft Excel
EOG Resources Inc. Energy
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
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Dec 31, 2005

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).