EOG (EOG Resources) Change In Inventory : $322 Mil (TTM As of Sep. 2024)

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What is EOG Resources Change In Inventory?

EOG Resources's change in inventory for the quarter that ended in Sep. 2024 was $30 Mil. It means EOG Resources's inventory declined by $30 Mil from Jun. 2024 to Sep. 2024 .

EOG Resources's change in inventory for the fiscal year that ended in Dec. 2023 was $-231 Mil. It means EOG Resources's inventory increased by $231 Mil from Dec. 2022 to Dec. 2023 .

EOG Resources's Total Inventories for the quarter that ended in Sep. 2024 was $1,038 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EOG Resources's Days Inventory for the quarter that ended in Sep. 2024 was 51.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. EOG Resources's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.77.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. EOG Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.18.

EOG Resources Change In Inventory Historical Data

The historical data trend for EOG Resources's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

EOG Resources Change In Inventory Chart

EOG Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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90.00

123.00

-13.00

-534.00

-231.00

EOG Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-28.00	100.00	117.00	75.00	30.00

EOG Resources Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $322 Mil.

EOG Resources (NYSE:EOG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

EOG Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1053.5	/	1868	*	365 / 4
	=	51.46

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

EOG Resources's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1868	/	1053.5
	=	1.77

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

EOG Resources's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1053.5	/	5865
	=	0.18

EOG Resources Change In Inventory Related Terms

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EOG Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EOG Resources Inc (NYSE:EOG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

EOG:Mexico 0IDR:UK EO5:Germany EO5:Germany E1OG34:Brazil EOGR:Austria

Address

1111 Bagby, Sky Lobby 2, Houston, TX, USA, 77002

Website

https://www.eogresources.com

EOG Resources is an oil and gas producer with acreage in several US shale plays, primarily in the Permian Basin and the Eagle Ford. At the end of 2023, it reported net proven reserves of 4.5 billion barrels of oil equivalent. Net production averaged roughly 985,000 barrels of oil equivalent per day in 2023 at a ratio of 71% oil and natural gas liquids and 29% natural gas.

Executives

Janet F Clark	director
Michael P Donaldson	officer: VP, General Counsel & Corp Sec	1111 BAGBY STREET, SKY LOBBY 2, HOUSTON TX 77002
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Jeffrey R. Leitzell	officer: EVP Exploration and Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Ezra Y Yacob	officer: EVP Exploration and Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Helms Lloyd W Jr	officer: EVP, Operations	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Lynn A Dugle	director	4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Michael T. Kerr	director	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Kenneth W. Boedeker	officer: EVP Exploration and Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Timothy K Driggers	officer: VP Accounting & Land Admin
Ann D. Janssen	officer: VP, Accounting	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Donald F Textor	director	P O BOX 4362, HOUSTON TX 772104362
Frank G Wisner	director	P O BOX 4362, HOUSTON TX 7721042362
Julie J Robertson	director	13135 S DAIRY ASHFORD, STE 800, SUGAR LAND TX 77478
David W Trice	officer: EVP, Exploration & Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002