EOG Resources, Inc. (EOG), headquartered in Houston, Texas, is one of the largest and most efficient independent oil and natural gas companies in the United States. Renowned for its expertise in horizontal drilling and hydraulic fracturing, it explores, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas. Valued at $74.68 billion by market cap, the company operates primarily in key U.S. basins, as well as in the Republic of Trinidad and Tobago and other international locations.
EOG Resources has underperformed the broader market over the last year. The stock has gained 17.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.5%. But in 2024, the gap narrowed, with EOG stock rising 7.4%, while the SPX is up 11.2% on a YTD basis.
