EOG Resources Inc (EOG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,594,000 | 7,759,000 | 4,664,000 | -605,000 | 2,735,000 |
| Revenue | US$ in thousands | 24,186,000 | 25,702,000 | 18,642,000 | 11,032,000 | 17,380,000 |
| Net profit margin | 31.40% | 30.19% | 25.02% | -5.48% | 15.74% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $7,594,000K ÷ $24,186,000K
= 31.40%
The net profit margin of EOG Resources, Inc. has shown fluctuating trends over the past five years. In 2023, the net profit margin improved to 31.52% from 30.28% in 2022, indicating the company's ability to generate more profit relative to its revenue. This increase suggests effective cost management and operational efficiency in the most recent period.
In 2021, the net profit margin was 25.04%, showing a positive performance compared to the prior year. However, in 2020, the net profit margin was negative at -5.46%, indicating that the company incurred losses, potentially due to unfavorable market conditions or extraordinary expenses during that period.
The trend improved in 2019 with a net profit margin of 15.85%, indicating a recovery from the negative margin in the previous year and a return to profitability. Overall, EOG Resources, Inc.'s net profit margin has shown variability, with significant improvements in profitability in certain years and challenges in others.
Peer comparison
Dec 31, 2023