EOG Resources Inc (EOG)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 8,082,000 | 9,603,000 | 14,370,000 | 6,102,000 | 468,138 |
| Revenue | US$ in thousands | 23,378,000 | 23,273,000 | 29,492,000 | 19,669,000 | 9,873,240 |
| Operating profit margin | 34.57% | 41.26% | 48.73% | 31.02% | 4.74% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $8,082,000K ÷ $23,378,000K
= 34.57%
Based on the provided data, EOG Resources Inc's operating profit margin has shown significant improvement over the years. The operating profit margin increased from 4.74% as of December 31, 2020, to 48.73% as of December 31, 2022, representing a substantial growth in profitability.
In the following years, although there was a slight decline to 41.26% as of December 31, 2023, and further down to 34.57% as of December 31, 2024, the company has maintained a relatively high operating profit margin compared to the initial period.
The fluctuation in the operating profit margin over the years suggests that EOG Resources Inc has implemented strategies to enhance efficiency and productivity, resulting in increased profitability. It is essential for the company to continue monitoring and managing its operating expenses effectively to sustain and improve its profit margin in the future.
Peer comparison
Dec 31, 2024