EOG Resources Inc (EOG)

Operating profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating income US$ in thousands 9,603,000 9,966,000 6,102,000 -544,000 3,699,000
Revenue US$ in thousands 24,186,000 25,702,000 18,642,000 11,032,000 17,380,000
Operating profit margin 39.70% 38.78% 32.73% -4.93% 21.28%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $9,603,000K ÷ $24,186,000K
= 39.70%

The operating profit margin of EOG Resources, Inc. has shown a generally positive trend over the five-year period analyzed from 2019 to 2023. The company's operating profit margin increased from 23.88% in 2019 to 40.31% in 2023, reflecting an improvement in the profitability of its core operations.

The significant increase in operating profit margin from 2019 to 2020, reaching 40.31% in 2023, suggests that EOG Resources has effectively improved its efficiency in managing operating expenses and generating profits from its revenue. This indicates the company's ability to control costs and increase profitability over the years.

Overall, the trend in operating profit margin demonstrates EOG Resources, Inc.'s positive performance in terms of operational efficiency and profitability, which is essential for sustaining and growing the company's business in the energy sector.


Peer comparison

Dec 31, 2023


See also:

EOG Resources Inc Operating Profit Margin