Short answer
EOG Resources (EOG) filed its fiscal 2024 10-K annual report with the SEC on Feb 27, 2025. It reported revenue of $23.7B (−2.0% year over year) and net income of $6.4B.
- Top risk flagged: Regulatory risk from potential climate change-related regulations impacting oil and gas operations, with ongoing monitoring of U.S. policies
FY2024 key financial metrics · XBRL
- Revenue
- $23.7B
- −2.0% YoY
- Net income
- $6.4B
- −15.7% YoY
- Operating margin
- 34.1%
- −5.6 pp YoY
- EPS (diluted)
- $11.25
- −13.5% YoY
- ROE
- 21.8%
- −5.2 pp YoY
- Operating cash flow
- $12.1B
- +7.1% YoY
Source: XBRL data from the EOG Resources (EOG) FY2024 10-K on SEC EDGAR. USD.
EOG Resources FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Exploration, development, production, and marketing of crude oil, natural gas liquids (NGLs), and natural gas
- No NEW products or segments introduced; emphasis on stock-based compensation plans with 20 million shares approved under 2021 Equity Compensation Plan
- Strategic emphasis on maintaining effective internal controls and compliance, with no waivers granted to Code of Conduct or Ethics in 2024
- Most notable quantitative: Proved oil and gas properties net value $26.2B (Dec 31, 2024); depletion expense $3.8B for fiscal year 2024
- Unusual fact: Independent auditor highlighted critical audit matter on proved reserves estimation due to complex judgments on converting undeveloped reserves within five years
Management Discussion & Analysis
- MD&A section contains only exhibits and contract amendments, no revenue or profit data disclosed
- No cash flow details, dividends, buybacks or capital expenditure amounts mentioned
- No management outlook, forward guidance or risk factors discussed in this excerpt
Risk Factors
- Regulatory risk from potential climate change-related regulations impacting oil and gas operations, with ongoing monitoring of U.S. policies
- Geopolitical exposure in Trinidad with shifts due to relinquished contract areas and farmout agreement with BP Trinidad and Tobago LLC
- Operational risk centered on inflationary pressures in drilling and completion costs despite efficiency initiatives in major U.S. basins like Delaware and Eagle Ford
- Competitive risk from new gas exploration project in Bahrain subject to government approvals expected in second half of 2025
- Financial risk from upcoming $500 million repayment of 3.15% Senior Notes due 2025 funded by proceeds from $1.0 billion 5.65% senior notes issued in November 2024
Generated from the filing text; verify against the original. How to read a 10-K
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