10-KPeriod: FY2012

EOG RESOURCES INC Annual Report, Year Ended Dec 31, 2012

Filed February 22, 2013For Securities:EOG

Summary

EOG Resources Inc.'s 2012 10-K filing reflects a company actively engaged in oil and natural gas exploration and production, with a strategic focus on high-return, low-risk plays. The company emphasizes its operational efficiency and the quality of its acreage across key basins in the United States, particularly the Eagle Ford Shale and the Permian Basin. EOG's strategy centers on maximizing the value of its reserves through technological innovation and disciplined capital allocation, aiming to deliver strong production growth and profitability. Financially, the report details the company's performance for the year ended December 30, 2012, driven by significant production volumes and favorable commodity prices. Investors should pay close attention to the company's reserve growth, production trends, operational costs, and capital expenditure plans. The risk factors section is crucial, highlighting potential challenges such as commodity price volatility, regulatory changes, and operational risks inherent in the oil and gas industry.

Financial Highlights

46 data points
Beta

Revenue

$11.68B

Net Income

$570.28M

4.9% Net Margin

EPS (Diluted)

$1.05

Total Assets

$27.34B

Cash & Equivalents

$876.43M

Free Cash Flow

$5.24B

Financial Statements
Beta
Revenue$11.68B
Operating Expenses$10.20B
Operating Income$1.48B
Interest Expense$213.55M
Net Income$570.28M
EPS (Basic)$1.07
EPS (Diluted)$1.05
Shares Outstanding (Basic)535.15M
Shares Outstanding (Diluted)541.52M

Key Highlights

  • 1EOG Resources reported strong operational performance in 2012, driven by growth in its oil and natural gas production.
  • 2The company's primary focus remains on high-quality, low-risk "plays" within the United States, including the Eagle Ford Shale and Permian Basin.
  • 3Significant investment in exploration and development activities to expand reserves and production capacity.
  • 4Emphasis on technological innovation to enhance drilling efficiency and well productivity.
  • 5The report details the company's financial position and results of operations, with key metrics on revenue, net income, and cash flow.
  • 6Risk factors include significant exposure to commodity price volatility, regulatory and environmental risks, and competitive pressures in the industry.
  • 7Management's Discussion and Analysis provides insights into the company's strategies, operational achievements, and outlook.

Frequently Asked Questions

EOG Resources' growth in 2012 was primarily driven by increased production volumes from its key oil and natural gas plays in the United States, particularly the Eagle Ford Shale and the Permian Basin, supported by strategic investments in exploration and development and the application of advanced drilling technologies.

The primary risks highlighted include substantial exposure to the volatility of crude oil and natural gas prices, potential impacts from regulatory changes and environmental concerns, operational risks associated with exploration and production activities, and intense competition within the industry.

EOG Resources employs a strategy focused on identifying and developing high-quality, low-risk reserves in premier unconventional oil and gas plays. The company emphasizes operational efficiency, technological innovation to improve drilling and completion techniques, and disciplined capital allocation to maximize shareholder returns.

The company has significant acreage and production in key U.S. basins, with a notable focus on the Eagle Ford Shale and the Permian Basin. These areas are central to their strategy for growth in both oil and natural gas production.