About the Company
EOG Resources is a major oil and natural gas company that operates in the US, Trinidad & Tobago and China. It is extensively engaged in hydrocarbon exploration and ranks 181st on the Fortune 500 list. As of 2020, it had also secured a position in Forbes’ Global 2000 list ranking as the 337th largest public company in the world. EOG Resources is registered with the New York Stock Exchange under the ticker name EOG. The latest price of EOG shares and all other important details pertaining to the company have been updated on this page so that you can grasp all parameters beforehand.
This company was initially a part of Enron Corporation and coined its name after separating from Enron in 1999. Soon in 2000, EOG’s stock value increased by 211% and achieved the rank of being the third-best performer in S&P 500 Index. At this time, EOG was in the second spot among the US’ most active drillers and had signed a natural gas supply deal spanning 15 years with the Natural Gas Company of Trinidad and Tobago. Since then, this company has traced an unbeaten growth with several moves like starting the CNC Ammonia plant in 2002, purchasing natural gas properties in southeast Alberta, Canada for US$ 320 million in 2003 and almost doubling the net income available to common stockholders by 2008. In 2011, EOG reported a net income of $1.1 billion and by 2013, became the largest oil producer in 48 states with a capacity of about 300,000 barrels of oil per day.
As of the financial year 2019, EOG recorded estimated oil reserves of 3.329 billion barrels of oil, equivalent to about 51% petroleum, 22% natural gas liquids and 27% natural gas. Also, as of 2019, the company was the largest oil producer in Eagle Ford Group and had held approximately 115,000 undeveloped acres in Trinidad and Tobago.;
Organisation | EOG Resources Inc |
Industry | Oil & Gas E&P |
HeadQuarters | Houston, TX |