10-KPeriod: FY2006

EOG RESOURCES INC Annual Report, Year Ended Dec 31, 2006

Filed February 28, 2007For Securities:EOG

Summary

EOG Resources Inc. (EOG) filed its 2006 10-K report on February 27, 2007, detailing its financial performance and operational highlights for the fiscal year ending December 30, 2006. The report indicates a robust operational year driven by the company's strategic focus on exploring and producing oil and natural gas, particularly in North America. Investors should note the company's continued emphasis on growing its proved reserves and production volumes, which are key drivers of long-term value in the energy sector. The filing provides a comprehensive overview of EOG's financial condition, results of operations, and its outlook, reflecting management's strategies and risk management practices.

Key Highlights

  • 1EOG Resources Inc. operates primarily in the exploration and production of oil and natural gas in North America, with a strong focus on growth and reserve replacement.
  • 2The company's strategy centers on identifying and exploiting high-potential oil and natural gas plays, emphasizing a low-risk, high-return approach.
  • 3The 2006 fiscal year likely saw significant investment in exploration and development activities to expand production capacity and proved reserves.
  • 4Management's Discussion and Analysis (MD&A) is a critical section for investors to understand the drivers of financial performance, including commodity prices, production levels, and operating costs.
  • 5The report provides detailed financial statements, including balance sheets, income statements, and cash flow statements, offering a snapshot of the company's financial health.
  • 6Disclosure regarding market risk (Item 7A) is important for understanding EOG's exposure to fluctuations in energy prices and other market-sensitive factors.

Frequently Asked Questions

EOG Resources Inc. is primarily engaged in the exploration and production of crude oil and natural gas, with a significant operational focus in North America.

The company's strategy is centered on identifying and exploiting oil and natural gas reserves in promising plays, aiming for low-risk, high-return projects to drive growth in production and proved reserves.

Detailed financial performance information, including revenue, expenses, net income, and cash flows for the year ended December 30, 2006, can be found in Item 7 (Management's Discussion and Analysis) and Item 8 (Financial Statements and Supplementary Data).

Item 7A, 'Quantitative and Qualitative Disclosures About Market Risk,' provides insights into how EOG Resources manages its exposure to market fluctuations, likely including risks associated with commodity prices, interest rates, and foreign currency exchange rates.