EOG Resources (EOG) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The full-year trailing revenue figure reflects the cumulative performance over the past twelve months.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The full-year trailing revenue figure reflects the cumulative performance over the past twelve months.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.4B
Revenue reported for this quarter.
Quarter-over-quarter
+2.3%
Change from the immediately preceding quarter.
Year-over-year
-5.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.2B
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 |
|---|---|---|
| Mar 31, 2023 | $6B | +51.7% |
| Jun 30, 2023 | $5.6B | -24.8% |
| Sep 30, 2023 | $6.2B | -18.2% |
| Dec 31, 2023 | $6.4B | -5.4% |
Revenue performance
The reported revenue moved higher sequentially, reversing the prior quarter's decline, though it remained below the year-ago level.
Quarterly comparison
Compared with the preceding quarter, revenue posted a modest increase. When measured against the same quarter of the prior year, revenue was lower.
What to watch
Monitor whether the sequential revenue improvement can be sustained in the coming quarters given the year-over-year decline.