EOG Resources (EOG) FY2024 results: revenue $23.7 billion, down 2.0% on the year
EOG Resources Inc. (EOG) reported revenue of $23.7 billion for fiscal 2024, the year ended 31 December 2024, down 2.0% on the year before. Net income was $6.4 billion, down 15.7%, and diluted earnings per share $11.25. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$23.7 billion
-2.0% on the year
FY2017FY2024
Operating margin
34.1%
39.7% a year earlier
FY2017FY2024
Net income
$6.4 billion
-15.7% on the year
FY2017FY2024
Diluted EPS
$11.25
-13.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
12,143
11,340
11,093
+7.1%
Capital expenditure
1,019
800
381
+27.4%
Free cash flow
11,124
10,540
10,712
+5.5%
Free cash flow margin
46.9%
43.6%
41.7%
Cash from investing
-5,967
-6,340
-5,056
Cash from financing
-4,361
-5,694
-5,273
Depreciation and amortisation
4,108
3,492
3,542
+17.6%
Share-based compensation
199
177
133
+12.4%
Buybacks
3,246
1,038
118
+212.7%
Dividends paid
2,087
3,386
5,148
-38.4%
Dividend per share
$3.71
$5.88
$8.88
-37.0%
Diluted shares, weighted
569m
584m
587m
-2.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
29,351
28,090
24,779
+4.5%
Debt
4,752
3,799
5,078
+25.1%
Operating lease liabilities
725
676
584
+7.2%
Finance lease liabilities
118
149
182
-20.8%
Other liabilities
12,240
11,143
10,748
+9.8%
Total liabilities and equity
47,186
43,857
41,371
+7.6%
Fixed assets
34,212
32,297
29,429
+5.9%
Cash and equivalents
7,092
5,278
5,972
+34.4%
Receivables
2,650
2,716
2,774
-2.4%
Inventory
985
1,275
1,058
-22.7%
Other assets
2,247
2,291
2,138
-1.9%
Total assets
47,186
43,857
41,371
+7.6%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.