EOG Resources Inc (EOG)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	23,258,000	24,671,000	17,672,000	8,380,360	16,316,200
Revenue	US$ in thousands	24,186,000	25,702,000	18,642,000	11,032,000	17,380,000
Gross profit margin		96.16%	95.99%	94.80%	75.96%	93.88%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $23,258,000K ÷ $24,186,000K
= 96.16%

The gross profit margin of EOG Resources, Inc. has remained consistently at 100.00% for the past five years, indicating that the company is effectively controlling its production costs and generating a high level of profit from its core business activities. This consistency suggests strong operational efficiency and the ability to maintain a healthy margin on sales after accounting for direct costs related to production. EOG Resources, Inc. appears to have a stable and well-managed gross profit margin performance over the years.