Stock Analysis on Net
Stock Analysis on Net

EOG Resources Inc. (NYSE:EOG)

This company has been moved to the archive! The financial data has not been updated since February 27, 2020.

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

EOG Resources Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $60.00
No. shares of common stock outstanding 582,054,451
US$ in thousands
Common equity (market value)1 34,923,267
Total equity 34,923,267
Add: Current portion of long-term debt (per books) 1,014,524
Add: Long-term debt, excluding current portion (per books) 4,160,919
Total equity and debt 40,098,710
Less: Cash and cash equivalents 2,027,972
Enterprise value (EV) 38,070,738

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

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 60.00 × 582,054,451

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 $60.00 $93.91 $106.94 $97.91 $68.50
No. shares of common stock outstanding1 582,054,451 580,053,225 578,636,343 576,832,077 549,883,390
US$ in thousands
Common equity (market value)3 34,923,267 54,472,798 61,879,371 56,477,629 37,667,012
Total equity 34,923,267 54,472,798 61,879,371 56,477,629 37,667,012
Add: Current portion of long-term debt (book value) 1,014,524 913,093 356,235 6,579 6,579
Add: Long-term debt, excluding current portion (book value) 4,160,919 5,170,169 6,030,836 6,979,779 6,653,685
Total equity and debt 40,098,710 60,556,060 68,266,442 63,463,987 44,327,276
Less: Cash and cash equivalents 2,027,972 1,555,634 834,228 1,599,895 718,506
Enterprise value (EV) 38,070,738 59,000,426 67,432,214 61,864,092 43,608,770

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
= 60.00 × 582,054,451

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.