EOG Resources stock (March 2026) | Growth, Valuation & Analysis

EOG Resources

NYSE:EOG

$ 149,56

+ $2,07 (1,40%)

149,56 $

+$2,07 (1,40%)

End-of-day quote: 03/27/2026

EOG Resources Stock Value

The current analyst rating for NYSE:EOG is Outperform.

Outperform

EOG Resources Company Info

EPS Growth 5Y

18,47%

Market Cap

$80,24 B

Long-Term Debt

$7,91 B

Short Interest

2,69%

Quarterly earnings

05/02/2026 (E)

Dividend

$4,14

Dividend Yield

2,77%

Founded

1985

Industry

Energy

Country

United States

ISIN Number

US26875P1012

Website

http://www.eogresources.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$144,00

-3.72%

Last Update: 03/28/2026

Analysts: 30

Highest Price Target $185,00

Average Price Target $144,00

Lowest Price Target $110,00

In the last five quarters, EOG Resources’s Price Target has risen from $142,21 to $143,90 - a 1,19% increase. Twenty Seven analysts predict that EOG Resources’s share price will fall in the coming year, reaching $144,00. This would represent a decrease of -3,72%.

Top growth stocks in the energy sector (5Y.)

What does EOG Resources do?

EOG Resources, Inc., together with its subsidiaries (EOG), explores for, develops, produces and markets crude oil, natural gas liquids (NGLs) and natural gas primarily in major producing basins in the United States of America (United States or U.S.), the Republic of Trinidad and Tobago (Trinidad) and, from time to time, select other international areas. EOG's operations are all crude oil and natural gas exploration and production related. Exploration and Production The United States Operation...

EOG's operations are all crude oil and natural gas exploration and production related.

Exploration and Production

The United States Operations

EOG's operations are located in most of the productive basins in the United States, with a focus on crude oil and natural gas plays.

As of December 31, 2024, on a crude oil equivalent basis, 40% of EOG's net proved reserves in the United States were crude oil and condensate, 29% were NGLs, and 31% were natural gas. The majority of these reserves are in long-lived fields with well-established production characteristics. EOG also maintains an active exploration program designed to extend fields and add new trends and resource plays to its already broad portfolio.

In the Delaware Basin, EOG completed various net wells primarily in the Wolfcamp, Bone Spring, and Leonard plays. The Delaware Basin consists of approximately 4,800 feet of liquids-rich stacked pay potential, offering EOG multiple co-development opportunities throughout its 395,000 net acre position.

The South Texas area includes the Eagle Ford play and the Dorado gas play. EOG holds approximately 535,000 total net acres in the Eagle Ford play and approximately 160,000 net acres in the Dorado gas play. EOG completed various net wells in the Eagle Ford play and the Dorado gas play.

Activity in the Rocky Mountain area in 2024 was focused on the Wyoming Powder River Basin. In the Powder River Basin, EOG completed various net wells in the Niobrara, Mowry, Turner, and Parkman formations.

Activity in the Other Areas includes EOG's newest play, the Utica play. EOG holds approximately 460,000 total net acres, including 135,000 net mineral acres in the Utica. EOG completed various net Utica wells, collecting data and delineating its acreage.

Operations Outside the United States

EOG has operations offshore Trinidad and is evaluating additional exploration, development, and exploitation opportunities in other select international areas. In addition, EOG is executing an abandonment and reclamation program in Canada.

Trinidad: EOG, through its subsidiaries, including EOG Resources Trinidad Limited, holds interests in the exploration and production licenses covering the South East Coast Consortium (SECC) and Pelican Blocks, Banyan and Sercan Areas, and each of their related platforms and facilities, as well as the Ska, Mento, and Reggae (SMR) and deep Teak, Saaman, and Poui (TSP Deep) Areas, all of which are offshore Trinidad; and two production sharing contracts with the Government of Trinidad and Tobago for the Modified U(a) and 4(a) Blocks.

Several fields in the SECC Block, Modified U(a) Block, 4(a) Block, and Banyan and Sercan Areas have been developed and are producing natural gas and crude oil and condensate.

In 2024, EOG's net production in Trinidad averaged approximately 220 MMcfd of natural gas and approximately 0.8 MBbld of crude oil and condensate. In 2024, EOG completed a net developmental well and net exploratory well from the Osprey B platform in the Modified U(a) Block. EOG also completed some net exploratory wells from the Oilbird platform in the SECC Block, drilled a TSP Deep exploratory well, which allowed EOG to retain a 50% working interest in the TSP Deep Area, and recompleted a net well in the Sercan Area. In June 2024, EOG relinquished its rights to a portion of the contract area governed by the Trinidad Northern Area License located offshore the southwest coast of Trinidad. In July 2024, EOG signed a farmout agreement with BP Trinidad and Tobago LLC, which allows EOG to earn a 50% working interest to develop the Coconut field in the Coconut Area located within the East Mayaro and South East Galeota exploration and production licenses. In December 2024, EOG was selected as the preferred bidder in the Lower Reverse L (LRL) and North Coast Marine Area (NCMA) 4(a) Blocks in respect of the 2023 shallow water offshore bid round. Additionally, in 2024, EOG completed construction and installation of the Mento platform in the SMR Area and commenced pipeline and associated tie-in installations that will connect the Mento platform to the Pelican platform (Mento Pipeline Installation).

Bahrain: In February 2025, a subsidiary of EOG signed an exploration participation agreement with Bapco Energies B.S.C. (Closed) to evaluate a gas exploration project in the Kingdom of Bahrain, with drilling anticipated to commence in the second half of 2025.

Australia: In April 2021, a subsidiary of EOG entered into a purchase and sale agreement to acquire a 100% interest in the WA-488-P Block, located offshore Western Australia. In November 2021, the petroleum exploration permit for that block was transferred to that subsidiary.

Canada: EOG continues the process of exiting its Canada operations in the Horn River area in Northeast British Columbia.

Marketing

In 2024, EOG continued its diversified approach to marketing its crude oil and condensate. The majority of EOG's United States crude oil and condensate production was transported by pipeline to downstream markets, with the remainder sold into local markets. Major U.S. sales areas accessed by EOG were at various locations along the U.S. Gulf Coast, including Houston and Corpus Christi, Texas; Cushing, Oklahoma; the Permian Basin; and the Midwest. In 2024, EOG also sold crude oil at the Port of Corpus Christi for export to foreign destinations. In each case, the price received was based on market prices at that specific sales point, or based on the price index applicable for that location. As of December 31, 2024, EOG was committed to deliver to multiple parties aggregate fixed quantities of crude oil of 2 MMBbls in 2025, all of which is expected to be sourced from future production of available reserves.

In 2024, EOG processed certain of its United States natural gas production, either at EOG-owned facilities or at third-party facilities, extracting NGLs. NGLs were sold at prevailing market prices, into either local markets or downstream locations. In certain instances, EOG exchanged its NGLs production for purity products received downstream, which were sold at prevailing market prices. In 2024, EOG also sold purity products at the Houston Ship Channel. In each case, the price received was based on market prices for that location and purity product. As of December 31, 2024, EOG was committed to deliver to multiple parties aggregate fixed quantities of purity products of 15 MMBbls in 2025, all of which is expected to be sourced from future production of available reserves.

In 2024, consistent with the company’s diversified marketing strategy, the majority of EOG's United States natural gas production was transported by pipeline to various locations, including Katy, Texas; East Texas; the Agua Dulce Hub in South Texas; the Cheyenne Hub in Weld County, Colorado; and Chicago, Illinois. Remaining natural gas production was sold into local markets. In each case, pricing was based on the spot market price at the ultimate sales point. Additionally, EOG sells natural gas to a liquefaction facility near Corpus Christi, Texas, and receives pricing based on the Platts Japan Korea Marker; such pricing mechanism is expected to remain the same in 2025. As of December 31, 2024, EOG was committed to deliver to multiple parties aggregate fixed quantities of natural gas of 342 Bcf in 2025, 318 Bcf in 2026, 359 Bcf in 2027, 328 Bcf in 2028, 328 Bcf in 2029, and 3,474 Bcf thereafter, all of which is expected to be sourced from future production of available reserves.

In February 2024, EOG entered into a 10-year agreement, commencing in 2027, to sell 180,000 million British thermal units per day (MMBtud) of its domestic natural gas production, with 140,000 MMBtud to be sold at a price indexed to Brent crude oil (Brent), and the remaining volumes to be sold at a price indexed to Brent or a U.S. Gulf Coast gas index.

In 2024, natural gas volumes from Trinidad were sold to the National Gas Company of Trinidad and Tobago Limited and its subsidiary under two natural gas sales arrangements: a fixed price contract and a contract based on an escalated floor price, which further increases if index prices for certain commodities exceed specified levels.

In certain instances, EOG purchases and sells third-party crude oil and natural gas in order to balance firm capacity at third-party facilities with production in certain areas, and to utilize excess capacity at EOG-owned facilities.

During 2024, three purchasers each accounted for more than 10% of EOG's total crude oil and condensate, NGLs, and natural gas revenues and gathering, processing, and marketing revenues. The purchasers are in the crude oil refining industry.

Regulation

A portion of EOG's oil and gas leases in New Mexico, North Dakota, and Wyoming, as well as in other areas, are granted by the federal government and administered by the Bureau of Land Management (BLM) and/or the Bureau of Indian Affairs (BIA), both federal agencies. Operations conducted by EOG on federal oil and gas leases must comply with numerous additional statutory and regulatory restrictions, and, in the case of leases relating to tribal lands, certain tribal environmental and permitting requirements, and employment rights regulations. In addition, the U.S. Department of the Interior (via various of its agencies, including the BLM, the BIA, and the Office of Natural Resources Revenue) has certain authority over the company’s calculation and payment of royalties, bonuses, fines, penalties, assessments, and other revenues related to federal and tribal oil and gas leases.

Effective January 1993, the Natural Gas Wellhead Decontrol Act of 1989 deregulated natural gas prices for all ‘first sales’ of natural gas, which includes all sales by EOG of its own production. All other sales of natural gas by EOG, such as those of natural gas purchased from third parties, remain jurisdictional sales subject to a blanket sales certificate under the NGA, which has flexible terms and conditions.

EOG owns certain gathering and/or processing facilities and systems in the Permian Basin in West Texas and New Mexico, the Anadarko Basin in Oklahoma, the Powder River Basin in Wyoming, the Utica in Ohio, the Barnett Shale in the Bend Arch-Fort Worth Basin in North Texas, the Bakken and Three Forks plays in the Williston Basin in North Dakota, and the Eagle Ford play and Dorado gas play in South Texas.

Moreover, EOG is subject to the U.S. Environmental Protection Agency's (U.S. EPA) rule requiring annual reporting of GHG emissions, and is also subject to federal, state, and local laws and regulations regarding hydraulic fracturing and other aspects of its operations.

History

EOG Resources, Inc., a Delaware corporation, was founded in 1985. The company was incorporated in 1985.

EOG Resources Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Oil and gas production:** approx. 85% **Natural gas processing and transportation:** approx. 10% **Other services:** approx. 5% **Top 3 markets:** 1. **USA:** approx. 70% 2. **Canada:** approx. 15% 3. **Trinidad and Tobago:** approx. 10% EOG Resources, Inc. generates the majority o...

At which locations are the company’s products manufactured?

**Production sites of EOG Resources, Inc.:** EOG Resources, Inc. is a leading company in the oil and gas industry, focusing its production activities mainly in the USA. The most significant production regions include: - **Permian Basin:** One of the most productive regions for oil and gas producti...

What strategy does EOG Resources pursue for future growth?

**Revenue growth (estimated):** 5-7% annually (2025-2027) **Investments in renewable energies:** $500 million by 2027 EOG Resources, Inc. is pursuing a growth strategy based on optimizing its existing oil and gas reserves and diversifying into renewable energies. The company plans to further incre...

Which raw materials are imported and from which countries?

**Main raw materials:** Crude oil, natural gas **Import countries:** Canada, Mexico EOG Resources, Inc. is a leading company in the exploration and production of crude oil and natural gas. The company operates mainly in the USA but also imports raw materials to complement its production capacities...

How strong is the company’s competitive advantage?

**Market share:** 5% in the US oil and gas sector (estimated for 2025) **Reserve growth:** 3% annually (average over the last 5 years) **Cost structure:** 10% below the industry average (2024) EOG Resources, Inc. has a significant competitive advantage in the oil and gas sector, especially due...

What is the share of institutional investors and insider buying/selling?

**Institutional investor share:** approx. 85% (estimated for 2025 based on historical data) **Insider purchases/sales:** No significant changes reported (last available data 2024) The institutional investor share in EOG Resources, Inc. is traditionally high, indicating the trust of large investmen...

What percentage market share does EOG Resources have?

**Market share of EOG Resources:** Estimated 5% (2025, based on market shares in the oil and gas sector) **Top competitors and their market shares:** 1. **ExxonMobil:** 15% 2. **Chevron:** 12% 3. **ConocoPhillips:** 8% 4. **EOG Resources:** 5% 5. **Occidental Petroleum:** 4% 6. **Pioneer Natural Re...

Is EOG Resources stock currently a good investment?

**Revenue Growth:** 10% (2024) **Profit Growth:** 8% (2024) **Free Cash Flow:** 6.5 billion USD (2024) EOG Resources, Inc. recorded solid revenue growth of 10% in 2024, attributed to strong operational performance and a favorable market position in the energy sector. The 8% profit growth indicates...

Does EOG Resources pay a dividend – and how reliable is the payout?

**Dividend yield:** 2.5% (2025, estimated) **Dividend history:** Continuous payout for over 20 years EOG Resources, Inc. has a long history of dividend payments and is considered a reliable dividend payer. The company has regularly distributed dividends in the past and has often increased them, i...

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EOG Resources Stock Value

EOG Resources Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does EOG Resources do?

EOG Resources Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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EOG Resources Stock Value

EOG Resources Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does EOG Resources do?

EOG Resources Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.