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EOG Resources EOG Dry Hole Expense

Dry Hole Expense at other companies

Freeport-McMoRan Inc. logo
Freeport-McMoRan Inc.FCX
$38M-2.6%
EOG Resources logo
EOG ResourcesEOG
$45M+9.8%
Murphy Oil logo
Murphy OilMUR
$0—
Murphy Oil logo
Murphy OilMUR
$7.75M+1,248%
ConocoPhillips logo
ConocoPhillipsCOP
$20M—
Murphy Oil logo
Murphy OilMUR
-$225K-101%

Other financials

Income statement

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Revenue$8.6B+57.4%
Operating income$3.5B+102%
Net income$2.7B+103%
EPS (diluted)$1.57-36.2%

Balance sheet

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Cash & equivalents$4.9B-5.9%
Total debt$8.3B+79.5%
Total equity$31.9B+9.0%
Total assets$54.8B+18.4%

Cash flow

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Operating cash flow$4.7B+130%
CapEx-$144.0M-253%
Free cash flow$4.5B+133%

Valuation

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Market cap$79.2B+24.0%
Enterprise value$82.54B+30.5%
P/E11.5×+0.4×
P/S2.9×+0.1×

Profitability

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Operating margin32.9%+0.8pp
Net margin25.4%+0.2pp
FCF margin47.3%+2.7pp

Returns & leverage

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Return on equity22.5%+2.9pp
Debt / equity0.3×+0.1×
Current ratio1.7×-0.2×

FAQ

What does dry hole expense mean?
This expense represents the capitalized costs associated with drilling exploratory wells that failed to discover commercially viable quantities of oil or gas. It is a necessary risk of exploration and reflects the cost of unsuccessful capital investment in new acreage.