EOG Resources Inc (EOG)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 9,689,000 | 9,901,000 | 5,933,000 | -739,000 | 3,545,000 |
| Revenue | US$ in thousands | 24,186,000 | 25,702,000 | 18,642,000 | 11,032,000 | 17,380,000 |
| Pretax margin | 40.06% | 38.52% | 31.83% | -6.70% | 20.40% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $9,689,000K ÷ $24,186,000K
= 40.06%
The pretax margin of EOG Resources, Inc. has shown a fluctuating trend over the past five years, indicating the company's performance before accounting for taxes.
In 2019, the pretax margin was notably positive at 20.54%, which suggests that the company was generating reasonable profits relative to its revenue before tax considerations.
However, in 2020, the pretax margin turned negative at -6.67%, indicating that the company was experiencing a loss before tax adjustments during that period.
Subsequently, in 2021, the pretax margin improved to 31.86%, showcasing a significant recovery in the company's profitability before tax. This improvement was further demonstrated in 2022 when the pretax margin rose to 38.63%.
The most recent data point for 2023 illustrates a further enhancement in the pretax margin to 40.22%, indicating a positive trajectory and an increase in profitability before tax as compared to the preceding year.
Overall, the trend in the pretax margin of EOG Resources, Inc. shows variability, with periods of strong profitability followed by instances of decreased performance before tax impacts. However, the recent positive trend indicates an improvement in the company's ability to generate income relative to its revenue before considering tax obligations.
Peer comparison
Dec 31, 2023