To The Moon

Hey, this is Stocks_Pedia.

Here I would like to introduce you to some unfamiliar companies that you may probably haven't heard of, and hope it can be of some help to your investments.

The company I'm going to introduce this time is $EOG Resources(EOG)$.

It went public on 6th October 1989.

[Company Profile]

EOG Resources, Inc. is a Delaware-based company established in 1985. The Company and its subsidiaries are one of the largest independent exploration oil and gas companies, with companies located throughout the United States, Canada, Trinidad, England and China.

EOG focuses primarily on maximising the return on capital investment by controlling operating and capital costs and maximising reserve recovery, a strategy designed to enhance cash flow and earnings generation on a cost effective per unit of production basis.

[History & Events]

1999: EOG Resources, Inc. (EOG) was born, declaring our independence from Enron Corp.

2000: EOG was added to the Standard & Poor’s 500 Index after the close of trading.

2002: EOG announced the Parula natural gas discovery, added two new offshore exploration blocks, successfully started up the CNC Ammonia Plant and signed a 25-year extension on the offshore SECC Block.

2013: EOG became the largest producer of oil in the lower 48 states, reaching 300,000 barrels of oil per day of gross operated production.

2016: EOG establishes a new standard for capital allocation: the premium well, delivering a minimum 30% direct after-tax rate of return at $40 crude oil and $2.50 natural gas.

2018: EOG delivered a premium combination in 2018: double digit return and double digit growth.

2019: EOG delivered on our goal of double-digit returns and double-digit growth in a modest oil price environment – we earned 12% return on capital employed and increased oil production 14% while WTI oil price averaged $57 per barrel.

2020: EOG generated $1.6 billion of free cash flow which both paid the dividend and further shored up what was already an industry-leading balance sheet, all while WTI oil prices averaged less than $40 per barrel.

2021: EOG doubled the regular dividend rate2 to $3.00 per share and paid two special dividends, paying out about 30% of cash from operations.

[Main Business Segments]

[Net Income & Total Revenue]

[Competitors]

$Chesapeake Energy Corp(CHKEW)$

$Devon(DVN)$

$APA Corporation(APA)$

$Concho Resources(CXO)$

$Ovintiv Inc.(OVV)$

$ConocoPhillips(COP)$