Eog Resources (EOG) Operating Margin (2009 - 2026)
Eog Resources' Operating Margin came in at 40.93% for Q2 2026, up 9.04 percentage points from 31.89% a year earlier and up 3.39 percentage points from the prior quarter.
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Analysis
Eog Resources (EOG) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Eog Resources reported Operating Margin of 32.95%, up 0.84 percentage points year-over-year; for FY2025, it came in at 28.21%, down 5.89 percentage points from FY2024.
- Operating Margin carries a five-year change of +33.14 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 34.10% in FY2024 (-5.60 pp), 39.70% in FY2023 (+0.93 pp), 38.78% in FY2022 (+6.04 pp) and 32.73% in FY2021 (+37.66 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin since Q3 2023.
- Year-over-year, Operating Margin increased in two of the last eight quarters, with an average year-over-year change of -3.30 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2021 (a gain of 31.00 percentage points), and the weakest in Q4 2025 (a drop of 11.78 percentage points).
- Business Quant data shows EOG's Operating Margin at 37.54% (Q1 2026), 16.73% (Q4 2025) and 31.40% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 28.46% |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | -28.44% |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 5.19% |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 53.17% |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | 36.94% |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | -74.35% |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | - |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 30.46% |
| 10 | Eog Resources | 73.77 Bn | 58.09 Bn | - | 40.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.93% |
| Mar 31, 2026 | 37.54% |
| Dec 31, 2025 | 16.73% |
| Sep 30, 2025 | 31.40% |
| Jun 30, 2025 | 31.89% |
| Mar 31, 2025 | 32.79% |
| Dec 31, 2024 | 28.50% |
| Sep 30, 2024 | 35.02% |
| Jun 30, 2024 | 35.35% |
| Mar 31, 2024 | 37.09% |
| Dec 31, 2023 | 39.39% |
| Sep 30, 2023 | 41.16% |
| Jun 30, 2023 | 35.35% |
| Mar 31, 2023 | 42.55% |
| Dec 31, 2022 | 42.46% |
| Sep 30, 2022 | 48.25% |
| Jun 30, 2022 | 39.19% |
| Mar 31, 2022 | 13.71% |
| Dec 31, 2021 | 41.83% |
| Sep 30, 2021 | 30.87% |
API Access
Eog Resources Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=EOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "EOG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=EOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();