EOG Resources, Inc. (EOG)

Over the past six months, EOG Resources' stock has experienced several notable events. The stock reached an all-time high closing price of $135.83 on January 16, 2025, while its 52-week low was $102.52 on April 10, 2025. In February 2025, EOG reported its fourth-quarter and full-year 2024 results, announcing a 7% increase in its regular dividend, bringing the indicated annual rate to $3.90 per share. The company also repurchased 7.8 million shares for $981 million in Q4 2024. In May 2025, EOG reported a net income of $1.46 billion and revenue of $5.67 billion for the first quarter of 2025, and returned $1.3 billion to shareholders through dividends and share repurchases. Also in May 2025, EOG announced an agreement to acquire Encino Acquisition Partners for $5.6 billion, a move that also coincided with a 5% increase in its regular dividend. In February 2025, EOG and Bapco Energies agreed to jointly evaluate a gas exploration prospect in Bahrain. The stock saw a decline between 0.8% and 1.4% in June 2025, attributed to easing Middle East risks and a decrease in crude prices. Analyst ratings in June 2025 included UBS reiterating a "Buy" rating with a $140 price target and Stephens initiating coverage with an "Equal Weight" rating and a $137 price target.

While specific detailed drivers of demand seasonality for EOG Resources' products are not explicitly outlined, the energy market generally experiences seasonal fluctuations. Natural gas demand typically increases during colder months for heating and during warmer months for power generation. Crude oil demand can also be influenced by seasonal factors such as summer driving seasons. EOG's CEO anticipated slower U.S. liquids growth in 2025 but expected natural gas demand to increase due to new LNG projects and ongoing increases in power generation. EOG has stated that its natural gas drilling plans are not driven by chasing seasonal demand but rather by a longer-term strategy to grow into increasing demand along the Gulf Coast. The company manages its exposure to price fluctuations through financial commodity derivative instruments.

EOG Resources, Inc. is an independent upstream energy company primarily engaged in the exploration, development, production, and marketing of crude oil, natural gas liquids (NGLs), and natural gas. The company operates within the Energy sector, specifically in the Oil & Gas Operations and Exploration & Production (E&P) industry. Its major products include crude oil, natural gas liquids, and natural gas, which are marketed primarily in major producing basins and utilized across various industries that require energy resources.

EOG Resources' operations are primarily concentrated in the United States, with a significant focus on several key basins including the Eagle Ford, Bakken, Rocky Mountain, and Permian Basin. The company is noted as the largest petroleum producer in the Eagle Ford Group. Beyond the U.S., EOG also maintains operations in the Republic of Trinidad and Tobago, holding interests in various exploration and production licenses. Historically, EOG has also had undeveloped properties in Australia and past operations in Canada and China, though its China assets were divested in 2021.

EOG Resources has maintained a reputation for operational excellence, technological innovation, and a focus on sustainability. The company emphasizes reducing its environmental impact and improving energy efficiency. EOG was recognized with the Industry Wildlife Stewardship Award from the Wyoming Game & Fish Department in 2022 for its conservation efforts. Within the E&P sector, EOG has a "formidable reputation" for its cost-cutting measures and for linking executive compensation to financial returns. However, a recent event impacting its reputation occurred in June 2025, when a German asset manager divested from EOG, citing "insufficient" climate commitment. EOG's ESG Risk Rating from Sustainalytics was last updated in June 2025, indicating ongoing assessment of its environmental, social, and governance performance.

EOG Resources' ownership is predominantly institutional, ranging from approximately 86% to 94.65% of the company's stock. Major institutional owners include Vanguard Group Inc., Capital World Investors, BlackRock, Inc., and State Street Corp. Vanguard Group Inc. is identified as the largest single shareholder, holding 53.98 million shares, representing 9.89% of the company. Individual and retail investors hold a smaller percentage, estimated between 0.19% and 14% of the company's stock.