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EOG Resources Gross Margin %

: 83.96% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. EOG Resources's Gross Profit for the three months ended in Jun. 2022 was $7,258 Mil. EOG Resources's Revenue for the three months ended in Jun. 2022 was $8,645 Mil. Therefore, EOG Resources's Gross Margin % for the quarter that ended in Jun. 2022 was 83.96%.


The historical rank and industry rank for EOG Resources's Gross Margin % or its related term are showing as below:

EOG' s Gross Margin % Range Over the Past 10 Years
Min: 38.31   Med: 63.98   Max: 78.72
Current: 78.72


During the past 13 years, the highest Gross Margin % of EOG Resources was 78.72%. The lowest was 38.31%. And the median was 63.98%.

EOG's Gross Margin % is ranked better than
93.64% of 928 companies
in the Oil & Gas industry
Industry Median: 27.51 vs EOG: 78.72

EOG Resources had a gross margin of 83.96% for the quarter that ended in Jun. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for EOG Resources was 8.00% per year.


EOG Resources Gross Margin % Historical Data

The historical data trend for EOG Resources's Gross Margin % 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 Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.92 69.99 66.97 50.15 72.83

EOG Resources Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.79 74.35 76.61 77.25 83.96

Competitive Comparison

For the Oil & Gas E&P subindustry, EOG Resources's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

   

EOG Resources Gross Margin % Distribution

For the Oil & Gas industry and Energy sector, EOG Resources's Gross Margin % distribution charts can be found below:

* The bar in red indicates where EOG Resources's Gross Margin % falls into.



EOG Resources Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

EOG Resources's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=14324 / 19669
=(Revenue - Cost of Goods Sold) / Revenue
=(19669 - 5345) / 19669
=72.83 %

EOG Resources's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=7258 / 8645
=(Revenue - Cost of Goods Sold) / Revenue
=(8645 - 1387) / 8645
=83.96 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


EOG Resources  (NYSE:EOG) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

EOG Resources had a gross margin of 83.96% for the quarter that ended in Jun. 2022 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


EOG Resources Gross Margin % Related Terms

Thank you for viewing the detailed overview of EOG Resources's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


EOG Resources Business Description

EOG Resources logo
Address
1111 Bagby, Sky Lobby 2, Houston, TX, USA, 77002
EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2021, it reported net proved reserves of 3.7 billion barrels of oil equivalent. Net production averaged 829 thousand barrels of oil equivalent per day in 2021 at a ratio of 72% oil and natural gas liquids and 28% natural gas.
Executives
Leitzell Jeffrey R. officer: EVP Exploration and Production 1111 BAGBY SKY LOBBY 2 HOUSTON TX 77002
Kerr Michael T. director 1111 BAGBY SKY LOBBY 2 HOUSTON TX 77002
Robertson Julie J director 13135 S DAIRY ASHFORD STE 800 SUGAR LAND TX 77478
Boedeker Kenneth W. officer: EVP Exploration and Production 1111 BAGBY SKY LOBBY 2 HOUSTON TX 77002
Yacob Ezra Y officer: EVP Exploration and Production 1111 BAGBY SKY LOBBY 2 HOUSTON TX 77002
Gaut C Christopher director 1401 MCKINNEY STREET SUITE 2400 HOUSTON TX 77010
Daniels Robert P director EOG RESOURCES, INC 1111 BAGBY STREET, SKY LOBBY 2 HOUSTON TX 77002
Clark Janet F director
Trice David W officer: EVP, Exploration & Production 1111 BAGBY, SKY LOBBY 2 HOUSTON TX 77002
Helms Lloyd W Jr officer: EVP, Operations 1111 BAGBY, SKY LOBBY 2 HOUSTON TX 77002
Donaldson Michael P officer: VP, General Counsel & Corp Sec 1111 BAGBY STREET SKY LOBBY 2 HOUSTON TX 77002
Thomas William R. officer: Sr. Executive VP, Exploitation 1111 BAGBY, SKY LOBBY 2 HOUSTON TX 77002
Janssen Ann D. officer: VP, Accounting 1111 BAGBY, SKY LOBBY 2 HOUSTON TX 77002
Day James C director CIRCLE ?D? 2277 PLAZA DRIVE, SUITE 630 SUGAR LAND TX 77479
Plaeger Frederick J. Ii officer: Senior VP & General Counsel P.O. BOX 4362 HOUSTON TX 77210-4362

EOG Resources Headlines

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