EOG
9/9 ScoreEOG Resources, Inc.
Analysis Date: February 21, 2026
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
Buffettology Criteria
All 9 of 9 criteria passed
High ROE
Return on Equity > 12%
Value: 18.7%
High ROIC
Return on Invested Capital > 9%
Value: 11.5%
Cash Machine
FCF / Assets > 5%
Value: 12.2%
Fair Valuation
Earnings Yield > 3.5%
Value: 8.3%
Share Buybacks
Share Count is Dropping
Value: -2.6%
Defensible Moat
Gross Profit Margin > 40%
Value: 73.1%
Simple Business
Not in a speculative sector (e.g., Biotech)
Value: Energy
Conservative Debt
Debt to Equity < 1.5
Value: 0.27x
Consistent Growth
5-Year Growth is Positive
Value: 138.9%
Analysis Summary
This EOG analysis paints a picture of a business firing on all cylinders. The robust ROE and ROIC, coupled with excellent free cash generation, suggest EOG is an efficient operator that converts profits into real cash. With a solid moat, manageable debt, and a history of growth, this company certainly warrants a closer look for those seeking enduring value.
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