Return on Assets (ROA)
since 2005
Calculation
EOG Resources Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | 7.37% | = | 100 | × | 2,734,910) | ÷ | 37,124,608) |
| Dec 31, 2018 | 10.08% | = | 100 | × | 3,419,040) | ÷ | 33,934,474) |
| Dec 31, 2017 | 8.66% | = | 100 | × | 2,582,579) | ÷ | 29,833,078) |
| Dec 31, 2016 | -3.72% | = | 100 | × | (1,096,686) | ÷ | 29,459,433) |
| Dec 31, 2015 | -16.77% | = | 100 | × | (4,524,515) | ÷ | 26,975,244) |
| Dec 31, 2014 | 8.39% | = | 100 | × | 2,915,487) | ÷ | 34,762,687) |
| Dec 31, 2013 | 7.19% | = | 100 | × | 2,197,109) | ÷ | 30,574,238) |
| Dec 31, 2012 | 2.09% | = | 100 | × | 570,279) | ÷ | 27,336,578) |
| Dec 31, 2011 | 4.39% | = | 100 | × | 1,091,123) | ÷ | 24,838,797) |
| Dec 31, 2010 | 0.74% | = | 100 | × | 160,654) | ÷ | 21,624,233) |
| Dec 31, 2009 | 3.02% | = | 100 | × | 546,627) | ÷ | 18,118,667) |
| Dec 31, 2008 | 15.28% | = | 100 | × | 2,436,919) | ÷ | 15,951,226) |
| Dec 31, 2007 | 9.02% | = | 100 | × | 1,089,918) | ÷ | 12,088,907) |
| Dec 31, 2006 | 13.83% | = | 100 | × | 1,299,885) | ÷ | 9,402,160) |
| Dec 31, 2005 | 16.25% | = | 100 | × | 1,259,576) | ÷ | 7,753,320) |
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 Return on Assets (ROA) exhibits significant volatility over the fifteen-year period, reflecting a cyclical pattern of expansion, severe contraction, and subsequent recovery. The overall trend indicates that while the asset base grew substantially from 2005 to 2019, the ability to generate consistent returns on those assets was frequently disrupted by periods of net losses and varying income levels.
- Initial Performance and First Contraction (2005–2010)
- The period began with a high ROA of 16.25% in 2005, which declined to 9.02% by 2007. A temporary recovery occurred in 2008, with ROA peaking at 15.28% alongside a net income of approximately $2.4 billion. However, a sharp downward trend followed, culminating in a low of 0.74% in 2010, as net income dropped to $160.7 million despite total assets increasing from $7.8 billion to $21.6 billion.
- Recovery and Severe Impairment (2011–2016)
- From 2011 to 2014, a steady recovery was observed, with ROA rising from 4.39% to 8.39%. This growth phase coincided with a peak in total assets of $34.8 billion in 2014. This trend reversed sharply in 2015, characterized by a substantial net loss of $4.5 billion, resulting in a negative ROA of -16.77%. This period also saw a significant reduction in total assets to $27.0 billion, suggesting substantial asset write-downs or impairments. ROA remained negative in 2016 at -3.72%.
- Stabilization and Asset Expansion (2017–2019)
- A strong rebound in profitability began in 2017, with ROA returning to 8.66%. The efficiency peaked in 2018 at 10.08%, driven by a net income of $3.4 billion. By 2019, while total assets reached their highest point in the sequence at $37.1 billion, the ROA moderated to 7.37%, indicating that asset growth began to outpace the growth of net income.
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Comparison to Competitors
EOG Resources Inc., ROA, long-term trends, comparison to competitors
| EOG Resources Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2019 | 7.37% | 1.23% | 10.20% | 3.95% |
| Dec 31, 2018 | 10.08% | 5.84% | 8.94% | 6.02% |
| Dec 31, 2017 | 8.66% | 3.62% | -1.17% | 5.65% |
| Dec 31, 2016 | -3.72% | -0.19% | -4.03% | 2.37% |
| Dec 31, 2015 | -16.77% | 1.72% | -4.54% | 4.80% |
| Dec 31, 2014 | 8.39% | 7.23% | 5.89% | 9.30% |
| Dec 31, 2013 | 7.19% | 8.44% | 7.76% | 9.39% |
| Dec 31, 2012 | 2.09% | 11.24% | 7.19% | 13.45% |
| Dec 31, 2011 | 4.39% | 12.84% | 8.12% | 12.40% |
| Dec 31, 2010 | 0.74% | 10.30% | 7.27% | 10.07% |
| Dec 31, 2009 | 3.02% | 6.37% | 3.18% | 8.26% |
| Dec 31, 2008 | 15.28% | 14.85% | -11.90% | 19.83% |
| Dec 31, 2007 | 9.02% | 12.56% | 6.69% | 16.78% |
| Dec 31, 2006 | 13.83% | 12.92% | 9.44% | 18.04% |
| Dec 31, 2005 | 16.25% | 11.20% | 12.64% | 17.34% |
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)
| EOG Resources Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2019 | 7.37% | 3.65% |
| Dec 31, 2018 | 10.08% | 6.26% |
| Dec 31, 2017 | 8.66% | 4.15% |
| Dec 31, 2016 | -3.72% | 0.55% |
| Dec 31, 2015 | -16.77% | 2.33% |
| Dec 31, 2014 | 8.39% | 8.01% |
| Dec 31, 2013 | 7.19% | 8.79% |
| Dec 31, 2012 | 2.09% | 11.62% |
| Dec 31, 2011 | 4.39% | 11.59% |
| Dec 31, 2010 | 0.74% | 9.45% |
| Dec 31, 2009 | 3.02% | 6.29% |
| Dec 31, 2008 | 15.28% | 9.80% |
| Dec 31, 2007 | 9.02% | 12.52% |
| Dec 31, 2006 | 13.83% | 13.98% |
| Dec 31, 2005 | 16.25% | 14.45% |
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)
| EOG Resources Inc. | Energy | |
|---|---|---|
| Dec 31, 2019 | 7.37% | 1.97% |
| Dec 31, 2018 | 10.08% | 5.95% |
| Dec 31, 2017 | 8.66% | 3.55% |
| Dec 31, 2016 | -3.72% | 0.27% |
| Dec 31, 2015 | -16.77% | 2.39% |
| Dec 31, 2014 | 8.39% | 8.02% |
| Dec 31, 2013 | 7.19% | 8.90% |
| Dec 31, 2012 | 2.09% | 11.40% |
| Dec 31, 2011 | 4.39% | 11.40% |
| Dec 31, 2010 | 0.74% | 9.36% |
| Dec 31, 2009 | 3.02% | 6.46% |
| Dec 31, 2008 | 15.28% | 10.21% |
| Dec 31, 2007 | 9.02% | 12.80% |
| Dec 31, 2006 | 13.83% | 14.07% |
| Dec 31, 2005 | 16.25% | 14.36% |
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).