EOG Resources Inc (EOG)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 17,698,000 14,490,000 23,998,000 14,324,000 4,950,300
Revenue US$ in thousands 23,378,000 23,273,000 29,492,000 19,669,000 9,873,240
Gross profit margin 75.70% 62.26% 81.37% 72.83% 50.14%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $17,698,000K ÷ $23,378,000K
= 75.70%

The gross profit margin of EOG Resources Inc has shown a positive trend over the past five years, increasing from 50.14% in December 2020 to 75.70% in December 2024. This indicates an improvement in the company's ability to generate profits from its core operations after accounting for the cost of goods sold. The significant rise in the gross profit margin from 2020 to 2022, peaking at 81.37%, reflects improved efficiency and cost management within the organization. Although there was a slight dip in 2023 to 62.26%, the margin rebounded in 2024. Overall, EOG Resources Inc has demonstrated strong profitability at the gross level during this period, which is a positive indicator of its operational effectiveness and financial health.


See also:

EOG Resources Inc Gross Profit Margin