EOG
EOG RESOURCES INCEvidence as of 2026-10-15The desk's Snapshot
3 of 15 open to everyone · members see allRead the full desk report on EOG
Seven analysts, the debate, the risk review, every claim cited. And the same for every name you hold.
Free plan, no credit card required. Silver opens the full report, $19.99 a month. AI-written · every claim cites a source · Insight, not advice.
Overview · EOG RESOURCES INC
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
Management team
- Mr. Michael P. Donaldson · Executive VP, General Counsel & Corporate SecretaryFind on LinkedIn
- Mr. Jeffrey R. Leitzell · Executive VP & COOFind on LinkedIn
- Ms. Ann D. Janssen · Executive VP & CFOFind on LinkedIn
- Mr. Ezra Y. Yacob · CEO & ChairmanFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Mixed ( -0.3 of a possible +2; confidence high). Revenues rose quarter‑over‑quarter from $ 5,478,000,000 in the three months ended Q2 2025 to $ 8,620,000,000 in the three months ended Q2 2026, while operating income increased from $ 1,747,000,000 to $ 3,528,000,000 over the same interval. Net income climbed from $ 1,345,000,000 to $ 2,724,000,000 and diluted EPS moved from $ 2.46 to $ 5.15 across those reported quarters, coinciding with a falling share count (reported shares outstanding down to 524,529,176 as of 2026-07-28) and a $ 418,000,000 repurchase in Q1 2026.
The balance sheet shows cash and equivalents rising to $ 4,907,000,000 as of 2026-06-30 while long-term noncurrent debt stayed roughly stable near $ 7,899,000,000 on the cited dates. Market and ownership signals are mixed: positive momentum and a price above the 50‑ and 200‑day SMAs coincide with elevated volatility and an inverse beta to SPY ( beta_spy = -0.70 ), and institutional 13F holdings fell by about 10.8% qoq to $ 64.43B (some large holders reporting notable value declines).
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenues increased quarter-over-quarter from $5,478,000,000 in the three months ended 2025-06-30 to $5,847,000,000 in the three months ended 2025-09-30, $6,921,000,000 in the three months ended 2026-03-31, and $8,620,000,000 in the three months ended 2026-06-30.
XBRL companyfacts · 0000821189-26-000149Operating income rose from $1,747,000,000 in the three months ended 2025-06-30 to $1,836,000,000 in the three months ended 2025-09-30, $2,598,000,000 in the three months ended 2026-03-31, and $3,528,000,000 in the three months ended 2026-06-30.
XBRL companyfacts · 0000821189-26-000149Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The 10-K filed 24 February 2026 added and materially reworded risk disclosures noting that "the actions of crude oil producing and exporting nations, including the Organization of Petroleum Exporting Countries;" is a listed risk factor.
Item 1A risk-factor diff · 0000821189-26-000054 vs 0000821189-25-000011The 10-K filed 24 February 2026 added language emphasizing price uncertainty: "The above-described factors and the volatility of commodity prices make it difficult to predict crude oil, NGLs and natural gas prices in 2026 and thereafter. As a result, there can be no assurance that the prices for crude oil, NGLs and/or natural gas will sustain, or increase from, their current levels, nor can there be any assurance that the prices for crude oil, NGLs and/or natural gas will not decline."
Item 1A risk-factor diff · 0000821189-26-000054 vs 0000821189-25-000011Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
EOG's 12-month relative strength vs SPY over the 12 months shown is +27.6%.
Moneyta signal set · 2026-10-14Momentum readings are positive across horizons: momentum_3m is +11.4%, momentum_6m is +17.4%, and momentum_12_1 is +33.6%, with rank_momentum_6m at the 80th percentile and rank_momentum_12_1 at the 77th percentile of the 882-stock research universe.
Moneyta signal set · 2026-10-14weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional holders reported total EOG holdings valued at $64.43B in the 13F period ended 2026-06-30.
13F holdings · 1647 filers · as of 2026-06-30Several of the largest reported institutional holders showed quarter-over-quarter value declines: Capital World Investors $7.19B (-4.1%), BlackRock, Inc. $5.91B (-7.7%), VANGUARD CAPITAL MANAGEMENT LLC $4.51B (-10.9%), STATE STREET CORP $4.41B (-10.1%), and JPMORGAN CHASE & CO $3.72B (-22.0%); total 13F value changed -10.8% qoq with 146 exited positions and holder_count_delta_qoq of +20 for the period ended 2026-06-30.
13F holdings · 1647 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
EOG Resources revised third-quarter 2026 current tax expense guidance to $835 million–$935 million, up from $545 million–$645 million that was issued with second-quarter 2026 results.
News · thelincolnianonline.com · 2026-10-09Several headlines attribute the guidance increase to rising oil prices and link the higher tax guidance to commodity-driven effects.
News · kalkinemedia.com · 2026-10-08Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Ezra Yacob (Chairman & CEO) sold 35,942 shares on 2026-08-24 for "$5.5M" (filing shows a sale of 35,942 shares valued at $5.5M).
Form 4 · Yacob Ezra Y (Chairman & CEO) · $5.5M sold · 2026-08-24Ezra Yacob (Chairman & CEO) reported an acquisition (code A) of 37,905 shares on 2026-09-25 (filing shows acquisition of 37,905 shares; no price field shown on that line).
Form 4 · Yacob Ezra Y (Chairman & CEO) · $0 code A · 2026-09-25Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The market price used was 154.19 per share on 2026-10-14 and market capitalization is 80,877,153,647.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month P/E is 11.01 and EPS (TTM) is 14.01.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The body of evidence shows a materially stronger operating and earnings profile across the reported quarters: revenues, operating income, operating margins, net income and diluted EPS all rose sequentially (fundamentals-0 through fundamentals-4). Share count declined while the company executed repurchases (fundamentals-5, fundamentals-6), which amplified EPS, and cash on the balance sheet rose alongside growth in assets and equity (fundamentals-8, fundamentals-9). Market signals show positive relative strength and multi-horizon momentum with the price above key moving averages (market-0 through market-2), and valuation metrics appear constructive on P/E and EV/EBITDA (valuation-1, valuation-2) while balance-sheet metrics show net cash (valuation-3). Financial advisors often suggest that improving margins, rising cash and share-reducing buybacks, combined with positive momentum and reasonable multiples, jointly support a favorable read; at the same time, standard risk disclosures and elevated volatility warrant attention as context rather than company-specific failure.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.35
45 surviving claims rest on 20 distinct sources; the heaviest analyst carries 22% of them, and 97% of what the desk raised survived the debate.
The evidence set is moderately robust: 45 surviving claims draw on 20 distinct sources, so the narrative isn't coming from a single document but neither is it highly diffuse. One analyst contributing 22% of claims and a 97% survival rate from desk debate indicate low internal pushback — useful for confidence, but the read carries some analyst-concentration risk and may be brittle if key sources are revised.
Peer context · computed, not argued
12-1 momentum ranks 4th of 5 in Oil & Gas E&P (as of 2026-10-14).
6-month relative strength ranks 3rd of 5 in Oil & Gas E&P (as of 2026-10-14).
90-day volatility ranks 2nd of 5 in Oil & Gas E&P (as of 2026-10-14).
dividend yield ranks 2nd of 5 in Oil & Gas E&P (as of 2026-10-14).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
11 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.9 to the score
13 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.6 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.1 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.2 to the score
7 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
19 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−0.3 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on EOG Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Get this for the names you actually hold
Every name in your portfolio, researched the same way, plus the one thing no sample can show: how each one sits inside what you already own.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.