Since it was spun off from disgraced energy giant Enron in 1999, Houston-based EOG Resources has thrived by drilling for natural gas and oil. The company, led by CEO Mark Papa, is a leader in high-tech methods and continues to hit it big with new wells everywhere from Texas to North Dakota. Production rose 16% overall in 2005, and 9% in 2006. And with energy prices soaring, EOG’s net income doubled in 2005 from a year earlier. Warm temperatures near the end of 2006 depressed prices, contributing to a slide in fourth-quarter revenues, but net income for the year still climbed 3.6%. Exploration success and relatively low drilling costs put the company at the top of the industry in production growth per share. And the future looks like more of the same. EOG expects production—and reserves—to continue to rise by at least 9% per year.
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|Total Return||Past 12 Months|
|Past 36 Months
|Industry||Oil & Gas Exploration & Production|