Summary
EOG Resources Inc.'s 2008 10-K filing showcases a year of significant operational activity and financial performance, largely driven by its exploration and production (E&P) segment. The company demonstrated robust production volumes, particularly in natural gas, and maintained a strong focus on resource development across its key operating areas. Despite the prevailing market conditions of 2008, EOG Resources emphasized its strategic positioning to capitalize on future energy demand, highlighting its substantial proved reserves and ongoing drilling programs. Financially, the report details revenue generation primarily from the sale of crude oil and natural gas, with discussions on pricing volatility and its impact on profitability. Investors should note the company's commitment to disciplined capital allocation, balancing growth initiatives with a focus on generating shareholder value. The filing also provides insight into the company's risk factors, including commodity price fluctuations and regulatory environments, which are critical considerations for understanding EOG's operating landscape.
Financial Highlights
45 data points| Revenue | $7.13B |
| Operating Expenses | $3.36B |
| Operating Income | $3.77B |
| Interest Expense | $94.29M |
| Net Income | $2.44B |
| EPS (Basic) | $4.94 |
| EPS (Diluted) | $4.86 |
| Shares Outstanding (Basic) | 493.32M |
| Shares Outstanding (Diluted) | 501.08M |
Key Highlights
- 1EOG Resources' core business is exploration and production (E&P), generating the majority of its revenue from crude oil and natural gas sales.
- 2The company reports substantial proved reserves of both oil and natural gas, underscoring its significant resource base.
- 3The 2008 performance was influenced by commodity price volatility, a key factor impacting revenue and profitability.
- 4The filing details EOG's exploration activities and drilling programs, indicating continued investment in future production.
- 5Marketing segment plays a role in optimizing the sale of EOG's produced volumes.
- 6Significant focus on risk factors, including commodity price volatility, regulatory changes, and operational challenges.