AllAnalyst Report
logoMorningstarFebruary 26, 2021

EOG Resources, Inc.: EOG Enjoys Solid Fourth-Quarter Earnings Beat, but Cash Tax Concerns Wallop Shares Anyway

Symbols
EOG
Sector(s)
Energy
Rating
Current Price
$73.48
Fair Value
Economic Moat
Stewardship
Summary

EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2019, it reported net proved reserves of 3.3 billion barrels of oil equivalent. Net production averaged 818 thousand barrels of oil equivalent per day in 2019 at a ratio of 72% oil and natural gas liquids and 28% natural gas.

Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Try it Free

Analyst Profile

Dave Meats

Director
David Meats, CFA, is director of research, energy and utilities, for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc.Before joining Morningstar in 2014, Meats was an associate analyst for Raymond James. Previously, he worked as a geophysicist for Burren Energy, a London-based exploration and production firm, and Italian multinational oil and gas firm Eni SpA, which acquired Burren in 2008.Meats holds an undergraduate degree in physics from the University of Nottingham, a master's degree in petroleum geoscience from Royal Holloway, University of London, and a master's degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.