EOG — EOG Resources, Inc.
Energy · Oil & Gas E&P
About EOG Resources, Inc.
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally. The company also offers crude oil and condensate, and gathering, processing and marketing. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
The shale & E&P industry
Exploration & production companies are the pure upstream bet: they own acreage, drill wells, and sell oil and gas at whatever the market pays. Shale wells produce most of their oil in the first couple of years, so these companies must keep drilling just to hold output flat — which makes cost per barrel, acreage quality, and the hedging program the whole game. Some names here are mostly natural gas (EQT, Antero) — a different commodity with its own cycle, increasingly tied to LNG exports and power demand. The sector has consolidated hard — Pioneer, Hess and Marathon Oil were all swallowed by majors — and the survivors are larger and more disciplined. Expect these to amplify every move in the underlying commodity, in both directions. EOG is the benchmark large-cap shale producer, known for low-cost drilling standards and a conservative balance sheet.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | EOG |
| Company | EOG Resources, Inc. |
| Price | $148.69 |
| Market cap | $79.2B |
| Sector / industry | Energy / Oil & Gas E&P |
| Analyst mean target | $158 (27 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~-3%/yr earnings growth (discounted), on a reverse-DCF of forward earnings ($14.70). Run your own assumptions in the fair-value calculator.
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Open the fair-value calculator →Market data is delayed ~15 minutes and provided for education, not as financial advice. "Hot" means attention, not direction.