
EOG Resources, Inc. (EOG), based in Houston, Texas, is a leading independent oil and natural gas company valued at $70.6 billion by market cap. Known for its horizontal drilling and hydraulic fracturing expertise, EOG explores, develops, produces, and markets crude oil, NGLs, and natural gas. It operates mainly in key U.S. basins, as well as in Trinidad and Tobago and other international locations.
EOG Resources has trailed behind the broader market over the last year. The stock has declined 5.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 15.8%. But in 2024, the gap narrowed, with EOG stock rising 1.8%, while the SPX is up 8.7% on a YTD basis.