EOG Resources, Inc. is one of the world’s leading independent natural gas and crude oil companies in the US.
The company, based in Houston, Texas, is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘EOG’.
Its goal is “to deliver the highest stockholder appreciation measured by stockholder returns and to be the most profitable independent exploration and production company in terms of return on capital employed.”
The history of EOG traces back to a divison of Enron called Enron Oil and Gas, which became independent from in 1999 and changed its named to EOG Resources, Inc. (EOG).
EOG has proved reserves in Canada, the United States, the United Kingdom, China, and Trinidad. In total (as of December, 2013) the company has total estimated net proved reserves of 2,119 million barrels of oil equivalent (MMBoe), of which 901 million barrels (MMBbl) were crude oil and condensate reserves, 377 MMBbl were natural gas liquids (NGLs) reserves and 5,045 billion cubic feet, or 841 MMBoe, were natural gas reserves.
It is the largest onshore crude oil producer in the continental United States, the largest crude oil producer in the Eagle Ford and in the state of Texas, and one of the largest crude oil producers in the Bakken/Three Forks in North Dakota.
Overview
- Chairman and CEO: William R. Thomas
- COO: Gary L. Thomas
- CFO: Timothy K. Driggers
- Type: Public
- Industry: Oil and Gas
- Publicly listed on the New York Stock Exchange (NYSE)
- NYSE stock ticker symbol: EOG
- S&P 500 Component
- Revenue: $14.487 billion USD (2013)
- Net income: $2.197 billion USD (2013)
- Diluted earnings per share: $8.13 USD (2013)
- Employees: 2,800 (2013)
- Corporate headquarters: 1111 Bagby, Sky Lobby 2, Houston, Texas, 77002, USA
- Corporate contact number: 713-651-7000
- Investor relations email address: [email protected]
- Website: http://www.eogresources.com/
| Operating data (in $ thousands) | 2013 | 2012 |
| Net revenue | $14,487,118 | $11,682,636 |
| Total operating expenses | $10,811,907 | $10,202,839 |
| Operating Income | $3,675,211 | $1,479,797 |
| Other Income (Expense), Net | $(2,865) | $14,495 |
| Income before interest expense and income taxes | $3,672,346 | $1,494,292 |
| Income before income taxes | $3,436,886 | $1,280,740 |
| Net income | $2,197,109 | $570,279 |
| Balance sheet data (in $ thousands) | ||
| Total assets | $30,574,238 | $27,336,578 |
| Long-term debt | $5,906,642 | $5,905,602 |
| Total stockholders’ equity | $15,418,459 | $13,284,764 |
| Cash flow data (in $ thousands) | ||
| Net cash provided by operating activities | $7,329,414 | $5,236,777 |
| Net cash used in investing activities | $(6,314,778) | $(6,119,263) |
| Net cash provided by (used in) financing activities | $(573,926) | $1,139,751 |
| Cash and cash equivalents at end of period | $1,318,209 | $876,435 |
| Common share data (in $) | ||
| Basic earnings (loss) per common share | $8.13 | $2.13 |
| Diluted earnings (loss) per common share | $8.04 | $2.11 |
Source: “EOG Resources, Inc. 2013 Annual Report”