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. exhibited a notable turnaround and recovery in its financial performance. In 2020, the company faced significant challenges, reporting a revenue of roughly 11,032 million USD alongside negative gross profit, operating income, and net income. This downturn was reversed in 2021, when revenue jumped to approximately 18,642 million USD and the company moved into positive territory with a gross profit of 6,102 million USD and a net income of 4,664 million USD—a substantial turnaround marked by a swing greater than 100% improvement in profitability indicators year-over-year. The recovery is likely driven by improved market conditions and potentially better operational execution, aligning with industry trends in the upstream oil and gas sector where commodity prices and production volumes can rapidly alter financial outcomes. In the subsequent years, revenue and profitability continued to strengthen, reaching a peak in 2022 with revenue of 25,702 million USD, gross profit of 9,966 million USD, and net income of 7,759 million USD. However, while 2023 maintained robust earnings (revenue of 24,186 million USD and net income of 7,594 million USD), 2024 saw modest declines to a revenue of 23,698 million USD and net income of 6,403 million USD—exceeding a 20% drop in net income from the peak seen in earlier years. These year-over-year variations suggest increasing pressure possibly from fluctuating oil prices or rising operational costs. Overall, EOG’s financial health remains solid with clear recovery and growth after a challenging period, though the recent declines warrant close monitoring for long-term sustainability.
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.