EOG Resources Inc (EOG)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 6,403,000 | 7,140,000 | 7,497,000 | 7,360,000 | 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 | 1,878,999 | 62,615 | -604,385 | -305,330 | 352,259 | 2,109,484 |
| Total stockholders’ equity | US$ in thousands | 29,351,000 | 29,574,000 | 29,159,000 | 28,636,000 | 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 | 20,301,900 | 20,148,300 | 20,387,600 | 21,470,700 |
| ROE | 21.82% | 24.14% | 25.71% | 25.70% | 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% | 1.73% | 9.82% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $6,403,000K ÷ $29,351,000K
= 21.82%
The return on equity (ROE) of EOG Resources Inc has shown fluctuations over the past few years. In the first quarter of 2020, the ROE was at 9.82%, indicating a decent return generated on shareholders' equity. However, in subsequent quarters of 2020, the ROE turned negative, reaching its lowest point of -2.98% by the end of that year.
The trend reversed in early 2021, with the ROE gradually improving to reach 21.03% by the end of December 2021, signifying a strong rebound in profitability relative to shareholders' equity. This positive momentum continued into 2022 as the ROE consistently increased, peaking at 31.31% by the end of September 2022.
In the following quarters, the ROE fluctuated but generally maintained a relatively high level, with slight variations within the range of 25-36%. By the end of December 2024, the ROE stood at 21.82%, reflecting a slightly lower return compared to the peak in mid-2023.
Overall, EOG Resources Inc has shown a mix of positive and negative trends in its ROE over the period analyzed, but the general trajectory has been positive, indicating the company's ability to generate solid returns for its shareholders relative to the equity invested.
Peer comparison
Dec 31, 2024