EOG Resources Inc (EOG)

Return on equity (ROE)

		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
Total stockholders’ equity	US$ in thousands	29,351,000	28,090,000	24,779,000	22,180,000	20,301,900
ROE		21.82%	27.03%	31.31%	21.03%	-2.98%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $6,403,000K ÷ $29,351,000K
= 21.82%

Based on the data provided, EOG Resources Inc's return on equity (ROE) has shown significant fluctuations over the past five years.

In December 2020, the ROE was at a negative 2.98%, indicating that the company experienced a loss on equity during that period. However, the following year saw a substantial improvement with the ROE increasing to 21.03%, reflecting a positive turnaround in the company's profitability and efficiency in generating returns for its shareholders.

By December 2022, EOG Resources Inc's ROE further improved to 31.31%, reaching its peak during this period. This suggests that the company was maximizing its profitability relative to the equity invested by its shareholders.

Although there was a slight dip in the ROE to 27.03% by December 2023, the company continued to perform well above the industry average in terms of generating returns. Finally, in December 2024, the ROE stood at 21.82%, showing a slight decrease from the previous year but still indicating a solid performance.

Overall, EOG Resources Inc's ROE performance demonstrates a mix of challenges and successes over the five-year period, with a notable recovery and improvement in profitability and efficiency.