Question 1

What is EOG Resources's P/E ratio?

Accepted Answer

EOG Resources (EOG) P/E ratio is 14.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for EOG Resources?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For EOG Resources specifically, the relevant sector benchmark is the current sector median of 17.8×.

Question 5

Is EOG Resources's P/E ratio high or low?

Accepted Answer

EOG Resources's P/E ratio of 14.0× is above its own 5-year average of 11.5× and below the sector median of 17.8×. That places the current reading at the 77th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is EOG Resources's historical P/E ratio range?

Accepted Answer

In the available daily series, EOG Resources (EOG) P/E ratio has ranged from a low of 5.8× in 2009 to a high of 5697.8× in 2017. The 5-year average is 11.5× and the 5-year median is 10.8×.

Question 7

What was EOG Resources's P/E ratio in 2025?

Accepted Answer

EOG Resources (EOG) P/E ratio at the end of 2025 was 11.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does EOG Resources's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$56.6B	$4.98B	11.4×	+0.7×	Dec 31, 2025
2024	$68.3B	$6.4B	10.7×	+1.4×	Dec 31, 2024
2023	$70B	$7.59B	9.2×	-0.5×	Dec 31, 2023
2022	$75.6B	$7.76B	9.7×	-1.3×	Dec 31, 2022
2021	$51.6B	$4.66B	11.1×	—	Dec 31, 2021
2020	$28.9B	-$605M	—	—	Dec 31, 2020
2019	$48.4B	$2.73B	17.7×	+3.0×	Dec 31, 2019
2018	$50.3B	$3.42B	14.7×	-9.3×	Dec 31, 2018
2017	$62.1B	$2.58B	24.0×	—	Dec 31, 2017
2016	$56.9B	-$1.1B	—	—	Dec 31, 2016
2015	$38.5B	-$4.52B	—	—	Dec 31, 2015
2014	$50.1B	$2.92B	17.2×	-3.5×	Dec 31, 2014
2013	$45.4B	$2.2B	20.7×	-36.3×	Dec 31, 2013
2012	$32.5B	$570M	57.0×	—	Dec 31, 2012
2011	—	$1.09B	—	—	Dec 31, 2011
2010	$22.9B	$161M	142.8×	+98.4×	Dec 31, 2010
2009	$24.3B	$547M	44.4×	+37.7×	Dec 31, 2009
2008	$16.5B	$2.44B	6.8×	-13.2×	Dec 31, 2008
2007	$21.7B	$1.09B	19.9×	+8.3×	Dec 31, 2007
2006	$15.1B	$1.3B	11.6×	-2.3×	Dec 31, 2006
2005	$17.6B	$1.26B	13.9×	+0.5×	Dec 31, 2005
2004	$8.38B	$625M	13.4×	+1.1×	Dec 31, 2004
2003	$5.29B	$430M	12.3×	-40.2×	Dec 31, 2003
2002	$4.58B	$87.2M	52.5×	—	Dec 31, 2002


Diamondback Energy (FANG)	138.8×
Texas Pacific Land (TPL)	65.0×
Chevron (CVX)	37.2×
Enphase Energy (ENPH)	36.8×
Williams Companies (WMB)	31.4×
Targa Resources (TRGP)	25.4×
SLB (SLB)	23.3×
ConocoPhillips (COP)	22.1×
Enbridge (ENB)	21.6×
Baker Hughes (BKR)	19.4×
NACCO Industries (NC)	18.1×
Phillips 66 (PSX)	17.8×
Halliburton (HAL)	17.7×
Valero Energy (VLO)	17.5×
ONEOK (OKE)	16.1×
Marathon Petroleum (MPC)	15.6×
Devon Energy (DVN)	13.8×
Energy Transfer LP (ET)	13.7×
Occidental Petroleum (OXY)	13.5×
National Fuel Gas (NFG)	13.0×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×

P/E Ratio for EOG Resources (EOG) 2002-2026

P/E Ratio daily chart for EOG Resources (EOG)

Historical P/E Ratio for EOG Resources (EOG) from 2002 to 2025

About P/E Ratio at EOG Resources (EOG)

EOG Resources P/E Ratio by Year

EOG Resources P/E Ratio 2025: 11.4×

EOG Resources P/E Ratio 2024: 10.7×

EOG Resources P/E Ratio 2023: 9.2×

EOG Resources P/E Ratio 2022: 9.7×

EOG Resources P/E Ratio 2021: 11.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

EOG Resources (EOG) Key Financials