EOG Resources (EOG) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined from the immediately preceding period. Compared to the same quarter one year earlier, revenue was higher.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined from the immediately preceding period. Compared to the same quarter one year earlier, revenue was higher.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
-10.0%
Change from the immediately preceding quarter.
Year-over-year
+51.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $7.4B | +79.0% |
| Sep 30, 2022 | $7.6B | +59.3% |
| Dec 31, 2022 | $6.7B | +11.2% |
| Mar 31, 2023 | $6B | +51.7% |
Revenue performance
The reported revenue decreased relative to the prior quarter.
Quarterly comparison
Revenue fell from the preceding quarter but rose compared to the same quarter a year ago.
What to watch
The company continues to evaluate potential exploration prospects and opportunities to add drilling inventory.