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.
Peer comparison
Dec 31, 2023