EOG Resources

EOG Resources supplies oil and natural gas for heating, transport, and electricity. Its products help fuel homes, businesses, and vehicles. The company’s work supports energy needs for industries and consumers worldwide.

Products and Services

• Crude Oil & Condensate: Main product, used for fuel and manufacturing; 55% of 2025 revenue.
• Natural Gas Liquids (NGLs): Used in plastics and heating; 10% of 2025 revenue.
• Natural Gas: Powers electricity and heating; 12% of 2025 revenue.
• Gathering & Processing: Services for moving and preparing oil and gas; 22% of 2025 revenue.
• Third-Party Sales: Sells oil, gas, and sand for other companies; small share of revenue.

Growth and Expansion

• Acquired Encino Acquisition Partners in 2025, adding 675,000 acres in Ohio’s Utica play.
• Expanded into Bahrain and United Arab Emirates for international oil and gas projects since 2025.
• Increased U.S. drilling programs and invested $622 million in new facilities in 2025.
• Raised share repurchase authorization to $10 billion in November 2024.

What Makes EOG Resources Stand Out

EOG Resources focuses on low-cost production and strong balance sheet management. The company uses advanced drilling technology and data systems to improve efficiency. Its operations span major U.S. basins and select international markets, supporting steady output.

Five Things You Need to Know

• 2025 revenue was $22.63 billion, down 4% from 2024.
• Net income was $4.98 billion in 2025, down 22% from 2024.
• Cash flow from operations was $10.04 billion in 2025, down 17% year-over-year.
• U.S. operations made up 98% of 2025 revenue; Trinidad and other markets were minor.

Bottom Line

EOG Resources has grown through acquisitions and disciplined spending. Its focus on efficiency and diverse assets supports its role in the global energy market.