EOG Resources, Inc. (EOG) Debt to Equity Ratio: 0.28
Is EOG Resources, Inc.’s debt to equity ratio high or low?
EOG Resources, Inc.'s debt to equity ratio of 0.28 is 17% above its 5-year average of 0.24, near the high end of its 5-year range (0.15–0.33).
The debt to equity ratio for EOG Resources, Inc. (EOG) is 0.28 as of Tuesday, June 9, 2026. It is above its 12-month average by 24.44% (0.23).
EOG Debt to Equity Ratio Chart
EOG Average Debt to Equity Ratio Chart
EOG Current vs Average Debt to Equity Ratio Chart
EOG Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.28
DEBT TO EQUITY RATIO AVG TTM
0.23
DEBT TO EQUITY RATIO AVG 3Y
0.21
DEBT TO EQUITY RATIO AVG 5Y
0.24
DEBT TO EQUITY RATIO AVG 10Y
0.31
DEBT TO EQUITY RATIO AVG 15Y
0.34
DEBT TO EQUITY RATIO AVG 20Y
0.31
CURRENT VS TTM AVG
+24.44%
CURRENT VS 3Y AVG
+33.33%
CURRENT VS 5Y AVG
+16.67%
CURRENT VS 10Y AVG
-9.68%
CURRENT VS 15Y AVG
-18.69%
CURRENT VS 20Y AVG
-9.95%
EOG Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| EOG Resources, Inc. (EOG) | — | 0.28 | 0.23 | 0.21 | 0.24 |
| Phillips 66 (PSX) | $71.77B | 0.79 | 0.76 | 0.68 | 0.72 |
| Valero Energy Corporation (VLO) | $75.36B | 0.49 | 0.48 | 0.49 | 0.61 |
| Marathon Petroleum Corporation (MPC) | $75.36B | 1.98 | 1.80 | 1.44 | 1.38 |
| SLB N.V. (SLB) | $83.50B | 0.47 | 0.52 | 0.58 | 0.78 |
| Occidental Petroleum Corporation (OXY) | $56.25B | 0.66 | 0.73 | 0.71 | 1.05 |
| Antero Midstream Corporation (AM) | $10.10B | 1.63 | 1.55 | 1.53 | 1.46 |
| ConocoPhillips (COP) | $142.28B | 0.36 | 0.38 | 0.38 | 0.41 |
| Helmerich & Payne, Inc. (HP) | $3.79B | 0.85 | 0.74 | 0.48 | 0.41 |
| Chevron Corporation (CVX) | $371.97B | 0.25 | 0.21 | 0.17 | 0.21 |
Financial Health
Debt/Equity
0.28
Current Ratio
1.92
EOG Resources, Inc. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
EOG Resources, Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for EOG Resources, Inc. (EOG)?
- The debt to equity ratio for EOG stock is 0.28.
- Is EOG Resources, Inc.'s debt to equity ratio high or low?
- EOG Resources, Inc.'s debt to equity ratio of 0.28 is 17% above its 5-year average of 0.24, near the high end of its 5-year range (0.15–0.33).
- What is the TTM average debt to equity ratio for EOG Resources, Inc. (EOG)?
- The TTM average debt to equity ratio for EOG stock is 0.23.
- What is the 3Y average debt to equity ratio for EOG Resources, Inc. (EOG)?
- The 3Y average debt to equity ratio for EOG stock is 0.21.
- What is the 5Y average debt to equity ratio for EOG Resources, Inc. (EOG)?
- The 5Y average debt to equity ratio for EOG stock is 0.24.
- What is the 10Y average debt to equity ratio for EOG Resources, Inc. (EOG)?
- The 10Y average debt to equity ratio for EOG stock is 0.31.
- What is the 15Y average debt to equity ratio for EOG Resources, Inc. (EOG)?
- The 15Y average debt to equity ratio for EOG stock is 0.34.
- What is the 20Y average debt to equity ratio for EOG Resources, Inc. (EOG)?
- The 20Y average debt to equity ratio for EOG stock is 0.31.
EOG Resources, Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 0.28 |
| 2024-12-31 | 0.17 |
| 2023-12-31 | 0.15 |
| 2022-12-31 | 0.24 |
| 2021-12-31 | 0.27 |
| 2020-12-31 | 0.33 |
| 2019-12-31 | 0.26 |
| 2018-12-31 | 0.31 |
| 2017-12-31 | 0.39 |
| 2016-12-31 | 0.50 |
| 2015-12-31 | 0.51 |
| 2014-12-31 | 0.33 |
| 2013-12-31 | 0.38 |
| 2012-12-31 | 0.48 |
| 2011-12-31 | 0.40 |
| 2010-12-31 | 0.51 |
| 2009-12-31 | 0.28 |
| 2008-12-31 | 0.21 |
| 2007-12-31 | 0.17 |
| 2006-12-31 | 0.13 |
| 2005-12-31 | 0.23 |
| 2004-12-31 | 0.37 |
| 2003-12-31 | 0.50 |
| 2002-12-31 | 0.68 |
| 2001-12-31 | 0.52 |
| 2000-12-31 | 0.62 |
| 1999-12-31 | 0.88 |
| 1998-12-31 | 0.89 |
| 1997-12-31 | 0.58 |
| 1996-12-31 | 0.37 |
Related Metrics
About EOG Resources, Inc.
EOG Resources, Inc., alongside its subsidiaries, is actively involved in the exploration, development, production, and commercialization of crude oil, natural gas, and natural gas liquids. The company's primary operational hubs for production are located in New Mexico and Texas within the United States, as well as the Republic of Trinidad and Tobago. As of December 31, 2021, its total estimated net proved reserves amounted to 3,747 million barrels of oil equivalent. This figure comprised 1,548 million barrels of crude oil and condensate, 829 million barrels of natural gas liquids, and 8,222 billion cubic feet of natural gas. Formerly known as Enron Oil & Gas Company, EOG Resources, Inc. was established in 1985 and has its corporate headquarters in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Ezra Y. Yacob