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.

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

EOG Resources Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Total equity
Add: Current portion of long-term debt (per books)
Add: Long-term debt, excluding current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2019-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

EOG Resources Inc., EV calculation

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Total equity
Add: Current portion of long-term debt (book value)
Add: Long-term debt, excluding current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of EOG Resources Inc. Annual Report.

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Common Equity and Total Equity Trends
There is a noticeable increase in common equity and total equity from 2015 to 2017. The value rose from approximately $37.7 billion in 2015 to a peak of about $61.9 billion in 2017. However, this upward trend reversed starting in 2018, with equity declining to approximately $54.5 billion, and then sharply falling further to around $34.9 billion by the end of 2019.
Total Equity and Debt
Total equity and debt followed a similar pattern to equity alone but at higher absolute values, reflecting the inclusion of liabilities. The figure grew from roughly $44.3 billion in 2015 to a high of approximately $68.3 billion in 2017, before decreasing to about $60.6 billion in 2018 and then declining more sharply to approximately $40.1 billion in 2019.
Enterprise Value (EV) Movements
Enterprise value exhibited a pattern consistent with total equity and debt. It increased from around $43.6 billion in 2015 to approximately $67.4 billion in 2017. Subsequently, EV declined to about $59.0 billion in 2018 and decreased further to roughly $38.1 billion in 2019. The magnitude of change from 2017 to 2019 indicates a significant reduction in the market perception of the company's overall business value in that period.
Overall Insights
The data illustrates strong growth in equity and enterprise value from 2015 through 2017, suggesting a phase of expansion or increased market valuation. However, after 2017, a marked decline is observed across all measured indicators, indicating potential challenges, reduction in market capitalization, or deleveraging efforts during 2018 and 2019. The sharp drop in 2019 could signal a significant change in company fundamentals or market conditions affecting the company.