EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.

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EOG Resources, Inc.

Company type	Public company
Traded as	NYSE: EOG S&P 500 component
Industry	Petroleum industry
Founded	1999; 25 years ago (1999)
Founder	Mark G. Papa
Headquarters	Heritage Plaza Houston, Texas, U.S.
Key people	Ezra Y. Yacob, CEO & Director Timothy K. Driggers, CFO
Products	Petroleum Natural gas Natural gas liquids
Production output	753 thousand barrels of oil equivalent (4,610,000 GJ) per day (2020)
Revenue	25,702,000,000 United States dollar (2022)
Operating income	9,966,000,000 United States dollar (2022)
Net income	7,759,000,000 United States dollar (2022)
Total assets	$35.804 billion (2020)
Total equity	$20.301 billion (2020)
Number of employees	2,900 (2020)
Website	www.eogresources.com
Footnotes / references [1]

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The company is ranked 186th on the Fortune 500^[2] and 337th on the Forbes Global 2000.^[3]

The company was named Enron Oil & Gas Company before its separation from Enron in 1999.

In 1998, Mark G. Papa was named chairman and chief executive officer.^[4] In 1999, the company became independent from Enron and changed its name to EOG Resources, Inc.^[5][6][7]

In 2000, the company swapped properties with Occidental Petroleum. EOG received properties in East Texas and the Oklahoma Panhandle in exchange for properties in California and the Gulf of Mexico.^[8] In February 2000, the company also swapped properties with Burlington Resources. EOG received properties in West Texas and the New Mexico, specifically in the Permian Basin, in exchange for properties in Texas and Oklahoma.^[9] The company was added to the S&P 500 index in October 2000.^[10]

The company acquired properties in Canada from Husky Energy for $320 million in 2003.^[11][12]

In 2006, the company signed a 225,648 square feet (20,963.4 m²) lease for office space in the Heritage Plaza building in Houston, Texas.^[13]

In 2008, the company acquired assets in the Chuan Zhong Block exploration area in the Sichuan Basin, Sichuan Province, China from ConocoPhillips.^[14] The company announced major discoveries in 2010 in the Eagle Ford Group.^[15]

In May 2011, the company sold gas-producing properties in South Texas and New Mexico for $637 million.^[16]

In December 2014, the company sold its assets in Canada.^[17][18] Also in December 2014, founder Mark G. Papa resigned from the board of directors.^[19]

In November 2015, the company spent $368 million to acquire additional acreage in the Delaware Basin.^[20]

In September 2016, the company acquired Yates Petroleum for 26 million shares of common stock valued at $2.3 billion and $37 million in cash. The acquisition increased the company's holdings by 176,000 net acres in the Delaware Basin, 200,000 net acres in the Powder River Basin, and 138,000 net acres on the Northwest Shelf in New Mexico.^[21][22]

In 2017, the company formed a joint venture with The Carlyle Group to develop oil and gas assets in Ellis County, Oklahoma.^[23]

In September 2018, the company sold its offshore assets in the United Kingdom.^[24][25]

As of December 31, 2020, the company had 3.219 billion barrels of oil equivalent (1.969×10¹⁰ GJ) of estimated proved reserves, of which 98% was in the United States, 2% was in Trinidad and Tobago, and a negligible amount was in Canada and China. The reserves were 51% petroleum, 22% natural gas liquids, and 27% natural gas.^[1]

In 2020, the company's production averaged 753 thousand barrels of oil equivalent (4,610,000 GJ) per day, of which 94% was in the United States, 5% was in Trinidad and Tobago, and 1% was in other areas.^[1]