EOG: EOG Recources Inc.

Overview

EOG Resources, Inc. is one of the largest independent (non-integrated) oil and natural gas companies in the United States with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol “EOG.”

EOG’s goals remain consistent – 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.

As of December 31, 2010, EOG’s total proved reserves were 1,950 million barrels of oil equivalent (MMBoe), up 8.5 percent from year-end 2009. Approximately 81 percent of these reserves were located in the United States, 11 percent in Canada, 7 percent in Trinidad and less than 1 percent in the United Kingdom and China.

EOG’s total company production in 2010 was 141.1 MMBoe. Driven by a 35 percent increase in crude oil and condensate production and a 29 percent increase in natural gas liquids production, the company had a 9.5 percent overall increase in production compared to 2009. Approximately 83 percent of total production was in the United States and Canada. At year-end 2010, EOG was the largest crude oil producer in both the North Dakota Bakken and South Texas Eagle Ford Plays.

image of chart gif image of chart gif image of chart
 

Business Strategy

  • Grow by drilling lower cost, internally generated prospects rather than through acquisitions
  • Capture an early-mover advantage in key resource plays
  • Maintain a strong balance sheet with a moderate net debt-to-total capitalization ratio
  • Continue the transition to a more heavily weighted crude oil and natural gas liquids portfolio, emphasizing North American onshore production

2010 Financial Highlights

For the first time in its history, full-year revenues from crude oil, condensate and natural gas liquids exceeded those from natural gas.

  • Net Operating Revenues — $6.1 billion
  • Net Income — $160.7 million
  • NYSE Stock Price Range ($/Share)
    • High: $114.95
    • Low: $85.42
    • Year-end Close: $91.41

Operating Areas

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2010 Production and Proved Reserve Data

Production (MBoed) Proved Reserves (MMBoe)
United States 281.5 1,588
Canada 40.9 216
Trinidad and Tobago 61.5 143
Other International 2.5 3
Total Company 386.4 1,950

Focused on Increasing Oil Mix

Pie chart showing North American Production Volumes

  • During 2010, 83 percent of EOG’s production came from North America
  • In the United States, crude oil and condensate production increased by 32 percent in 2010, primarily driven by further development in the North Dakota Bakken/Three Forks, the Fort Worth Barnett Combo and South Texas Eagle Ford Plays
  • EOG is the largest crude oil producer in North Dakota
  • EOG is the largest crude oil producer in the Eagle Ford

SEC Filings

 

 

3.765%
PRICE: 106.390 USD

EOG Resources Inc(EOG:US)

Industry: Oil Comp-Explor&Prodtn •  New York  • Currency: USD

Company Profile:

EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil. The Company operates in major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, China and, from time to time, select other international areas.
Snapshot
SUMMARY
Change 3.860 (3.765%) Intra-Day Chart for EOG Resources Inc (EOG:US)
Bid N.A.
Ask N.A.
Open 102.740
High 106.580
Low 102.740
Volume N.A.
52-Week Range 114.95 – 85.42
1-Yr Return 18.372%

Earnings

EARNINGS FUNDAMENTALS
Earnings Past 12 Months 1.740 Shares (Millions) 254.016
Quarter Est. EPS (12/10) 0.24 Market Cap (Millions) 27,024.730
Quarter Est. EPS (03/11) 0.62 Float (Millions) 252.515
Year Est. EPS (12/10) 1.06 Return on Equity 5.750
Price/Earnings (Trailing) 61.144 Short Interest 9,701,327.000
Relative P/E 3.980 Last Dividend Reported 0.155 Regular Cash
Earnings Growth Rate N.A. Dividend Yield (ttm) 0.58
Estimated P/E 31.700 Relative Dividend Yield 0.314 

 

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