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Last $76.74 USD
Change Today -0.71 / -0.92%
Volume 2.6M
EOG On Other Exchanges
Symbol
Exchange
Berlin
As of 12:48 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

eog resources inc (EOG) Snapshot

Open
$76.22
Previous Close
$77.45
Day High
$77.40
Day Low
$75.95
52 Week High
09/4/14 - $107.99
52 Week Low
08/24/15 - $68.15
Market Cap
42.1B
Average Volume 10 Days
7.0M
EPS TTM
$2.09
Shares Outstanding
549.2M
EX-Date
07/15/15
P/E TM
36.6x
Dividend
$0.67
Dividend Yield
0.87%
Current Stock Chart for EOG RESOURCES INC (EOG)

eog resources inc (EOG) Related Businessweek News

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eog resources inc (EOG) Details

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company’s principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and Canada, Trinidad, the United Kingdom, and China. As of December 31, 2014, it had total estimated net proved reserves of 2,497 million barrels of oil equivalent, including 1,140 million barrels (MMBbl) crude oil and condensate reserves; 467 MMBbl natural gas liquid reserves; and 5,343 billion cubic feet of natural gas reserves. EOG Resources, Inc. was founded in 1985 and is headquartered in Houston, Texas.

3,000 Employees
Last Reported Date: 02/18/15
Founded in 1985

eog resources inc (EOG) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $906.7K
President and Chief Operating Officer
Total Annual Compensation: $791.2K
Chief Financial Officer and Vice President
Total Annual Compensation: $458.1K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $449.4K
Executive Vice President of Exploration & Pro...
Total Annual Compensation: $448.1K
Compensation as of Fiscal Year 2014.

eog resources inc (EOG) Key Developments

EOG Resources Seeks Acquisitions

EOG Resources, Inc. (NYSE:EOG) is seeking acquisitions. Billy Helms, EOG's Executive Vice President of Exploration & Production said "We are seeing opportunities in different basins, and we are actively looking at things. We are still optimistic that we are going to be able to do some more small tactical acquisitions and build acreage positions in some of our key or emerging plays. We are having some success in just acquiring lease-hold in some of our new emerging plays."

EOG Resources, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Earnings Guidance for the Third Quarter and Full Year of 2015; Reports Impairment for Second Quarter of 2015

EOG Resources, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net operating revenue of USD 2,469.701 million compared to USD 4,187.556 million a year ago. Operating income was USD 39.626 million compared to USD 1,144.730 million a year ago. Income before interest expense and income taxes was USD 49.006 million compared to USD 1,152.680 million a year ago. Loss before income taxes was USD 11.478 million compared to income before income taxes of USD 1,100.813 million a year ago. Net income was USD 5.268 million compared to USD 706.353 million a year ago. Non GAAP adjusted net income was USD 153.055 million compared to USD 796.049 million a year ago. Diluted earnings per share was USD 0.01 compared to USD 1.29 a year ago. Diluted Non GAAP income per share was USD 0.28 compared to USD 1.45 a year ago. Non GAAP discretionary cash flow was USD 1,237.909 million compared to USD 2,197.810 million a year ago. Adjusted EBITDAX was USD 1,317.448 million compared to USD 2,374,630 million a year ago. For the six months, the company reported net operating revenue of USD 4,788.239 million compared to USD 8,271.227 million a year ago. Operating loss was USD 133.369 million compared to operating income of USD 2,229.009 million a year ago. Loss before interest expense and income taxes was USD 133.980 million compared to income before income taxes of USD 2,233.621 million a year ago. Loss before income taxes was USD 247.809 million compared to income before income taxes of USD 2,131.602 million a year ago. Net loss was USD 164.480 million compared to net income of USD 1,367.281 million a year ago. Net cash provided by operating activities was USD 1,847.920 million compared to USD 4,202.248 million a year ago. Additions to oil and gas properties was USD 2,611.848 million compared to USD 3,724.486 million a year ago. Additions to other property, plant and equipment was USD 201.597 million compared to USD 402.972 million a year ago. Non GAAP adjusted net income was USD 169.876 million compared to USD 1,563.736 million a year ago. Diluted loss per share was USD 0.30 compared to diluted earnings per share of USD 2.49 a year ago. Diluted Non GAAP income per share was USD 0.31 compared to USD 2.85 a year ago. Non GAAP discretionary cash flow was USD 2,336.940 million compared to USD 4,354.671 million a year ago. Adjusted EBITDAX was USD 2,460,697 million compared to USD 4,682.034 million a year ago. Net debt as at June 30, 2015 was USD 5.033 million. The company provided production and earnings guidance for the third quarter and full year of 2015. For the third quarter, the company expected total daily production to be in the range of 269.7 MBbld to 278.1 MBbld, Natural gas liquids volumes is expected to be in the range of 72.0 MBbld to 77.0 MBbld, Natural gas volumes is expected to be in the range of 845 MMcfd to 885 MMcfd, Crude oil equivalent volumes is expected to be in the range of 542.0 MBoed to 567.9 MBoed. Net interest is expected to be in the range of USD 59 million to USD 60 million, income tax rate is expected in the range of 25% to 35%. For the full year, the company expected total daily production to be in the range of 283.9 MBbld to 291.6 MBbld, Natural gas liquids volumes is expected to be in the range of 74.0 MBbld to 77.0 MBbld, Natural gas volumes is expected to be in the range of 870 MMcfd to 890 MMcfd, Crude oil equivalent volumes is expected to be in the range of 562.6 MBoed to 579.4 MBoed. Net interest is expected to be in the range of USD 230 million to USD 235 million, income tax rate is expected in the range of 25% to 35%. Capital expenditures exploration and development, excluding facilities are expected in the range of USD 3,700 million, Exploration and development facilities is expected in the rage of USD 670 million to USD 710 million and gathering, processing and other expenses are expected in the range of USD 330 million to USD 390 million. Impairment for the second quarter of 2015 was USD 68.519 million compared to USD 39.035 million a year ago.

EOG Resources, Inc. Enters into $2.0 Billion Senior Unsecured Revolving Credit Agreement

On July 21, 2015, EOG Resources, Inc. (EOG) entered into a $2.0 billion senior unsecured Revolving Credit Agreement among EOG, JPMorgan Chase Bank, N.A., as administrative agent, the financial institutions as bank parties thereto (Banks) and the other parties thereto. The New Facility replaces EOG’s $2.0 billion senior unsecured Revolving Credit Agreement, dated as of October 11, 2011, among EOG, JPMorgan Chase Bank, N.A., as administrative agent, the financial institutions as bank parties thereto and the other parties thereto (2011 Facility), which had a scheduled maturity date of October 11, 2016 and which was terminated by EOG (without penalty), effective as of July 21, 2015, in connection with the completion of the New Facility. There were no borrowings or letters of credit outstanding under the 2011 Facility as of the closing of the New Facility and the termination of the 2011 Facility. The New Facility has a scheduled maturity date of July 21, 2020 and includes an option for EOG to extend, on up to two occasions, the term for successive one-year periods, subject to, among certain other terms and conditions, the consent of the Banks holding greater than 50% of the commitments then outstanding under the New Facility. The New Facility commits the Banks to provide advances up to an aggregate principal amount of $2.0 billion at any one time outstanding, with an option for EOG to request increases in the aggregate commitments to an amount not to exceed $3.0 billion, subject to certain terms and conditions. Advances under the New Facility will accrue interest based, at EOG’s option, on either the London InterBank Offered Rate (LIBOR) plus an applicable margin, or the base rate (as defined in the New Facility) plus an applicable margin. In addition, the New Facility provides for a Canadian dollar sub-facility and a Sterling sub-facility, pursuant to which a canadian subsidiary of EOG (EOG Canada Oil & Gas Inc.) and a United Kingdom subsidiary of EOG (EOG Resources United Kingdom Limited), respectively, each can obtain advances in such respective currencies up to an aggregate principal amount of the U.S. dollar equivalent of $150.0 million. The New Facility contains representations, warranties, covenants and events of default that are customary for investment grade, senior unsecured commercial bank credit agreements, including a financial covenant for the maintenance of a total debt-to-total capitalization ratio of no greater than 65%.

 

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Industry Analysis

EOG

Industry Average

Valuation EOG Industry Range
Price/Earnings 30.7x
Price/Sales 3.3x
Price/Book 2.4x
Price/Cash Flow 7.1x
TEV/Sales 2.7x
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