EOG Resources (EOG) FY2025 10-K Annual Report

Filed: Feb 24, 2026
Energy
Crude Petroleum & Natural GasSEC EDGAR

EOG Resources (EOG) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

EOG Resources FY2025 10-K Analysis

Business Overview

  • Low-cost, high-return E&P operator focused on internally generated drilling prospects across U.S. basins, Trinidad, Bahrain, and UAE
  • Three new international entries in 2025: Bahrain gas exploration agreement (Feb), UAE unconventional oil concession UCO3 with 100% equity (May), plus Encino Acquisition Partners acquisition expanding Utica position to ~1.1M net acres
+3 more insights

Management Discussion & Analysis

  • Total revenues $22,632M, down 4% YoY ($1,066M) from $23,698M; production revenues $17,668M, up 1% ($90M)
  • Net income $4,980M vs $6,403M in 2024; effective tax rate unchanged at 22%; total cost per Boe $20.72 vs $21.12
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Risk Factors

  • SEC climate disclosure rules (March 2024) stayed by 8th Circuit; California mandates broader; EU methane import limits starting 2030 — compliance cost risk rising
  • Tariffs and trade policy shifts cited as direct inflation risk on drilling/completions operating costs and capex with no offset guarantee
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EOG Resources FY2025 Key Financial Metrics
XBRL

Revenue

$22.6B

-4.5% YoY

Net Income

$5.0B

-22.2% YoY

Operating Margin

28.2%

-589bp YoY

Net Margin

22.0%

-501bp YoY

ROE

16.7%

-512bp YoY

Total Assets

$51.8B

+9.8% YoY

EPS (Diluted)

$9.12

-18.9% YoY

Operating Cash Flow

$10.0B

-17.3% YoY

Source: XBRL data from EOG Resources FY2025 10-K filing on SEC EDGAR. All figures in USD.

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