Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Exploration Expense (USD Mil) are the costs a company incurs while searching for oil or gas to drill.
EOG Resources's Exploration Expense (USD Mil) for the quarter that ended in Mar. 2026 was 45.00
, which lower from pervious quarter (Dec. 2025)'s result by 10.00%.
EOG Resources's Exploration Expense (USD Mil) for the annual that ended in Dec. 2025 was 236.00
, which higher from pervious year (Dec. 2024)'s result by 35.63%.
The historical rank and industry rank for EOG Resources's Exploration Expense (USD Mil) or its related term are showing as below:
EOG's Exploration Expense (USD Mil) is not ranked *
in the Oil & Gas industry.
Industry Median: * Ranked among companies with meaningful Exploration Expense (USD Mil) only.
Exploration Expense (USD Mil) are the costs a company incurs while searching for oil or gas to drill. It includes costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells.
Exploration expenses (including prospecting) related to oil and gas producing entities would be included in the operating expenses of the company that entity.
EOG Resources Exploration Expense (USD Mil) Related Terms
EOG Resources Exploration Expense (USD Mil) Historical Data
* Premium members only.
The historical data trend for EOG Resources's Exploration Expense (USD Mil) 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.
EOG vs FANG, OXY, DVN: Exploration Expense (USD Mil) Comparison
For the Oil & Gas E&P subindustry, EOG Resources's Exploration Expense (USD Mil), along with its competitors' market caps and Exploration Expense (USD Mil) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
What does a Exploration Expense (USD Mil) of 45.00 mean?
EOG Resources (EOG) has a Exploration Expense (USD Mil) of 45.00 as of Mar. 2026. Exploration expenses are the costs a company incurs while searching for oil or gas to drill. View historical data on EOG Resources and its competitors.
Is EOG Resources' Exploration Expense (USD Mil) too high?
EOG Resources' current Exploration Expense (USD Mil) is 45.00. Overall, EOG Resources has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does EOG Resources' Exploration Expense (USD Mil) compare to FANG and OXY?
EOG Resources' Exploration Expense (USD Mil) of 45.00 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Exploration Expense (USD Mil) for an Oil & Gas company?
A good Exploration Expense (USD Mil) depends on the Oil & Gas industry context. However, Exploration Expense (USD Mil) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Exploration Expense (USD Mil) mean?
A high Exploration Expense (USD Mil) can signal that a stock is expensive relative to its fundamentals. Exploration expenses are the costs a company incurs while searching for oil or gas to drill. View historical data on EOG Resources and its competitors. EOG Resources's current Exploration Expense (USD Mil) is 45.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EOG Resources stock overvalued right now?
Based on GuruFocus' analysis, EOG Resources (EOG) is currently considered Fairly Valued. The stock's GF Value™ is $143.89, compared to a current price of $134.74 — trading 6.4% below its estimated fair value. The current Exploration Expense (USD Mil) is 45.00. EOG Resources' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Exploration Expense (USD Mil) calculated?
Exploration Expense (USD Mil) is calculated from a company's financial statements. For EOG Resources (EOG), the current Exploration Expense (USD Mil) is 45.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is EOG Resources (EOG) Overvalued in 2026?
Based on GuruFocus' analysis, EOG Resources stock appears to be undervalued.
The current stock price of $134.74 is trading 6.4% below its estimated GF Value™ of $143.89.
GuruFocus considers EOG Resources to be Fairly Valued.
Key valuation signals for EOG:
Exploration Expense (USD Mil): 45.00
GF Value™: $143.89 vs. price of $134.74 (6.4% below fair value)
No single metric tells the full story. See the EOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 2024, it reported net proven reserves of 4.7 billion barrels of oil equivalent. Net production averaged roughly 1,232 thousand barrels of oil equivalent per day in 2025 at a ratio of 69% oil and natural gas liquids and 31% natural gas.
79GF Score
Get the complete analysis for EOG
Exploration Expense (USD Mil) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
EOG has been successfully added to your 
