EOG Resources (EOG) FY2023 results: revenue $24.2 billion, down 5.9% on the year
EOG Resources Inc. (EOG) reported revenue of $24.2 billion for fiscal 2023, the year ended 31 December 2023, down 5.9% on the year before. Net income was $7.6 billion, down 2.1%, and diluted earnings per share $13.00. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$24.2 billion
-5.9% on the year
FY2016FY2023
Operating margin
39.7%
38.8% a year earlier
FY2016FY2023
Net income
$7.6 billion
-2.1% on the year
FY2016FY2023
Diluted EPS
$13.00
-1.7% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
11,340
11,093
8,791
+2.2%
Capital expenditure
800
381
212
+110.0%
Free cash flow
10,540
10,712
8,579
-1.6%
Free cash flow margin
43.6%
41.7%
46.0%
Cash from investing
-6,340
-5,056
-3,419
Cash from financing
-5,694
-5,273
-3,493
Depreciation and amortisation
3,492
3,542
3,651
-1.4%
Share-based compensation
177
133
152
+33.1%
Buybacks
1,038
118
41.0
+779.7%
Dividends paid
3,386
5,148
2,684
-34.2%
Dividend per share
$5.88
$8.88
$4.99
-33.7%
Diluted shares, weighted
584m
587m
584m
-0.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
28,090
24,779
22,180
+13.4%
Debt
3,799
5,078
5,109
-25.2%
Operating lease liabilities
676
584
558
+15.8%
Finance lease liabilities
149
182
213
-18.1%
Other liabilities
11,143
10,748
10,176
+3.7%
Total liabilities and equity
43,857
41,371
38,236
+6.0%
Fixed assets
32,297
29,429
28,426
+9.7%
Cash and equivalents
5,278
5,972
5,209
-11.6%
Receivables
2,716
2,774
2,335
-2.1%
Inventory
1,275
1,058
584
+20.5%
Other assets
2,291
2,138
1,682
+7.2%
Total assets
43,857
41,371
38,236
+6.0%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.