EOG Resources Inc (EOG)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	6,403,000	7,594,000	7,759,000	4,664,000	-604,572
Revenue	US$ in thousands	23,378,000	23,273,000	29,492,000	19,669,000	9,873,240
Net profit margin		27.39%	32.63%	26.31%	23.71%	-6.12%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $6,403,000K ÷ $23,378,000K
= 27.39%

Based on the provided data, EOG Resources Inc's net profit margin has shown significant fluctuations over the years. The net profit margin was negative at -6.12% on December 31, 2020, indicating that the company had incurred losses relative to its revenue during that period.

Subsequently, there was a substantial improvement in profitability as the net profit margin rose to 23.71% by December 31, 2021, and further increased to 26.31% by December 31, 2022. This upward trend suggests that EOG Resources Inc was able to effectively control costs and generate more profit from its operations during these years.

In 2023, the net profit margin experienced a significant jump to 32.63%, reflecting a notable boost in profitability. However, by December 31, 2024, the net profit margin declined to 27.39%, indicating a slight decrease in profitability compared to the previous year.

Overall, EOG Resources Inc's net profit margin has shown variability, with both positive and negative fluctuations over the years. It is essential for the company to continue monitoring and managing its expenses and revenue streams effectively to maintain and improve its profitability in the future.