EOG Resources (EOG) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline follows a pattern of quarterly fluctuations observed in recent periods.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline follows a pattern of quarterly fluctuations observed in recent periods.
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
-1.6%
Change from the immediately preceding quarter.
Year-over-year
+8.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.7B
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 |
|---|---|---|
| Sep 30, 2023 | $6.2B | -18.2% |
| Dec 31, 2023 | $6.4B | -5.4% |
| Mar 31, 2024 | $6.1B | +1.3% |
| Jun 30, 2024 | $6B | +8.1% |
Revenue performance
The reported revenue reflects a decline from the prior quarter, while still showing growth over the same quarter of the prior year. The company’s filing context highlights ongoing efforts to improve well performance and operational efficiencies.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, reversing the slight increase seen in the prior sequential period. Compared to the same quarter one year earlier, revenue was higher, marking a year-over-year gain.
What to watch
Monitor the company’s ability to sustain operational efficiencies amid ongoing regulatory and climate-related developments, as noted in the filing context.