The BusinessWeek 50 Ranking
31
EOG Resources
Who says nothing good came from Enron? EOG, spun off from the disgraced energy giant in 1989 as Enron Oil & Gas, is riding tall in the saddle thanks to surging energy prices. In 2004 the Houston-based producer increased sales by 30% and recorded a 43% rise in profits. With supplies still tight, especially in its core North American natural gas market, EOG is boosting production 13.5% in 2005, up from a 10% gain last year. It recently paid $320 million to bolster its capacity in Canada and is exploring for more in Texas, Trinidad, and the North Sea. Now that's stepping on the gas.
Company Info
| 2004 Rank | 231 |
| STOCK INFO | EOG |
| Market Value | $10.8 BILLION |
| Total Return | (1-yr.) 105.6%
(3-yr.) 162.3% |
| 2004 sales | $2.3 BILLION |
| Sales Growth | (1-yr.) 30%
(3-yr.) 15.2% |
| Net income | $624.9 MILLION |
| Net Income Growth | (1-yr.) 43%
(3-yr.) 34.5% |
| Net Margin* | 27.5% |
| Return on Equity* | 20.8% |
| Industry | ENERGY |
| CORPORATE WEB SITE | |
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*Trailing 12 months
Company data as of 2/28/05 provided by Standard & Poor's Compustat
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Company Snapshot
EOG Resources, Inc. (EOG) engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, as well as in Canada, Trinidad, and the U.K. North Sea. As of December 31, 2003, the company’s total estimated net proven reserves were 5,216 billion cubic feet equivalent of which natural gas reserves were 4,645 billion cubic feet and crude oil, condensate, and natural gas liquids reserves were 95 million barrels. Approximately 49% of EOG’s reserves on a natural gas equivalent basis were located in the United States, 24% in Canada, and 27% in Trinidad. The company was organized in 1985. It was formerly known as Enron Oil & Gas Company and changed its name to EOG Resources, Inc. in 1999, pursuant to its independence from Enron Corp. EOG’s headquarters are located in Houston, Texas.
No. of Employees
1,250
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