EOG Resources (EOG) FY2022 results: revenue $25.7 billion, up 37.9% on the year
EOG Resources Inc. (EOG) reported revenue of $25.7 billion for fiscal 2022, the year ended 31 December 2022, up 37.9% on the year before. Net income was $7.8 billion, up 66.4%, and diluted earnings per share $13.22. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$25.7 billion
+37.9% on the year
FY2015FY2022
Operating margin
38.8%
32.7% a year earlier
FY2015FY2022
Net income
$7.8 billion
+66.4% on the year
FY2015FY2022
Diluted EPS
$13.22
+65.5% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
11,093
8,791
5,008
+26.2%
Capital expenditure
381
212
221
+79.7%
Free cash flow
10,712
8,579
4,787
+24.9%
Free cash flow margin
41.7%
46.0%
43.4%
Cash from investing
-5,056
-3,419
-3,348
Cash from financing
-5,273
-3,493
-359
Depreciation and amortisation
3,542
3,651
3,400
-3.0%
Share-based compensation
133
152
146
-12.5%
Buybacks
118
41.0
16.0
+187.8%
Dividends paid
5,148
2,684
821
+91.8%
Dividend per share
$8.88
$4.99
$1.50
+77.9%
Diluted shares, weighted
587m
584m
579m
+0.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
24,779
22,180
20,302
+11.7%
Debt
5,078
5,109
5,816
-0.6%
Operating lease liabilities
584
558
n/a
+4.7%
Finance lease liabilities
182
213
n/a
-14.6%
Other liabilities
10,748
10,176
9,686
+5.6%
Total liabilities and equity
41,371
38,236
35,805
+8.2%
Fixed assets
29,429
28,426
28,599
+3.5%
Cash and equivalents
5,972
5,209
3,329
+14.6%
Receivables
2,774
2,335
1,522
+18.8%
Inventory
1,058
584
629
+81.2%
Other assets
2,138
1,682
1,726
+27.1%
Total assets
41,371
38,236
35,805
+8.2%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.