Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $11,032 | $18,642 | $25,702 | $24,186 | $23,698 |
| Gross Profit | -$544 | $6,102 | $9,966 | $9,603 | $8,082 |
| Operating Income | -$544 | $6,102 | $9,966 | $9,603 | $8,082 |
| Net Income | -$605 | $4,664 | $7,759 | $7,594 | $6,403 |
Over the five-year period, EOG Resources, Inc. experienced marked volatility in its income statement metrics. In 2020, the company recorded a revenue of approximately 11,032 million USD accompanied by negative gross profit and operating income, which culminated in a net loss of about 605 million USD. This challenging performance was dramatically reversed in 2021 when revenue surged by roughly 70% to 18,642 million USD, and the company reported positive gross and operating income figures of 6,102 million USD, leading to a healthy net income of 4,664 million USD. The significant recovery from 2020 to 2021 represents a notable swing—exceeding 20%—likely driven by improved market conditions and possibly a rebound in commodity prices for the oil and gas industry, where EOG Resources is a key player. From 2021 onward, the company continued its growth trajectory with revenues reaching 25,702 million USD in 2022, accompanied by corresponding increases in gross profit (9,966 million USD) and net income (7,759 million USD). However, a downturn emerged in the subsequent years: revenues declined to 24,186 million USD in 2023 and further to 23,698 million USD in 2024, with net income decreasing to 6,403 million USD by 2024—a decline of approximately 17% from its peak in 2022. This contraction, along with the narrowed gap between gross profit and net income, may signal rising costs or pressure on margins. Overall, despite these recent declines, EOG Resources appears fundamentally sound with sustained operating profitability and robust recovery from downturns, although its future performance may remain sensitive to fluctuations in commodity prices and market conditions.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.