EOG Resources Inc (EOG)

Return on equity (ROE)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	7,594,000	7,883,000	8,707,000	9,392,000	7,759,000	7,467,000	5,708,000	4,377,000	4,664,000	3,016,466	1,879,466	62,466	-604,534	-305,479	351,643	2,109,484	2,734,910	2,991,157	3,566,985	3,415,875
Total stockholders’ equity	US$ in thousands	28,090,000	27,758,000	26,257,000	25,447,000	24,779,000	23,849,000	22,312,000	21,540,000	22,180,000	21,765,000	20,881,000	20,762,000	20,302,000	20,148,300	20,387,600	21,470,700	21,640,000	21,124,300	20,630,300	19,903,800
ROE		27.03%	28.40%	33.16%	36.91%	31.31%	31.31%	25.58%	20.32%	21.03%	13.86%	9.00%	0.30%	-2.98%	-1.52%	1.72%	9.82%	12.64%	14.16%	17.29%	17.16%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $7,594,000K ÷ $28,090,000K
= 27.03%

Based on the ROE data provided for EOG Resources, Inc. over the past eight quarters, we observe fluctuations in the company's return on equity. The ROE has ranged from 20.32% to 36.91% during this period, showcasing variability in the company's efficiency in generating profits from shareholders' equity.

The highest ROE was reported in Q1 2023 at 36.91%, indicating that EOG Resources was able to generate a substantial return on the shareholders' equity invested in the business during that quarter. This suggests effective utilization of the company's resources to generate profits for shareholders.

Conversely, the lowest ROE was observed in Q1 2022 at 20.32%, reflecting a lower return on equity compared to the other quarters. This may imply challenges or inefficiencies in the company's operations during that period.

Overall, EOG Resources, Inc. has demonstrated relatively strong ROE figures, with an average ROE of approximately 29.54% over the past eight quarters. Investors and stakeholders may find EOG's consistent ability to generate returns on equity a positive indicator of the company's operational efficiency and financial health.