EOG Resources Inc (EOG)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 28,090,000 | 24,779,000 | 22,180,000 | 20,302,000 | 21,640,000 |
| ROE | 27.03% | 31.31% | 21.03% | -2.98% | 12.64% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $7,594,000K ÷ $28,090,000K
= 27.03%
ROE is a key financial ratio that measures a company's profitability and efficiency in generating returns for its shareholders' equity. EOG Resources, Inc. has exhibited fluctuations in its ROE over the past five years.
In 2023, the company's ROE stood at 27.03%, showing a decline from the previous year's level of 31.31%. Despite this decrease, EOG Resources, Inc. continues to deliver a strong return on equity, indicating its ability to efficiently generate profits from shareholders' investments.
The ROE in 2021 was 21.03%, representing an improvement compared to the negative ROE of -2.98% in 2020. This recovery demonstrates the company's efforts to enhance its financial performance and profitability.
In 2019, EOG Resources, Inc. achieved an ROE of 12.64%, indicating a moderate level of profitability compared to the subsequent years analyzed. Overall, the company has shown resilience in its ROE performance, with fluctuations possibly attributed to varying market conditions and internal strategies.
It is essential for investors and stakeholders to closely monitor EOG Resources, Inc.'s ROE trend to assess its financial health and performance sustainability over time.
Peer comparison
Dec 31, 2023