EOG Resources, Inc. (EOG), headquartered in Houston, Texas, is a leading independent exploration and production company focusing on the oil and gas industry. With a market cap of $67.8 billion, the company explores, develops, produces, and markets crude oil, natural gas liquids, and natural gas, primarily in producing basins.
Companies worth $10 billion or more are generally described as “large-cap stocks,” and EOG fits well into that category, with its market cap exceeding this mark, underscoring its size, influence, and dominance in its industry. EOG boasts a robust portfolio, with 4.5 billion barrels of oil equivalent in proven reserves. By concentrating on the lucrative Permian Basin and Eagle Ford shale plays, EOG has optimized its production mix to favor high-value oil and natural gas liquids, enabling the company to capitalize on favorable market prices and maximize revenue and profit margins.
