Eog Resources (EOG) Research & Development (2009 - 2026)
Eog Resources (EOG) recorded Research & Development of $47 million in Q2 2026, down 36.5% from $74 million a year earlier but up 4.4% from the prior quarter.
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Analysis
Eog Resources (EOG) Research & Development (2009 - 2026) Analysis & Trends
On a TTM basis, Eog Resources' Research & Development came in at $213 million as of Jun 30, 2026, up 1.4% year-over-year; for FY2025, it was $236 million, up 35.6% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 10.1% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $174 million in FY2024 (-3.9%), $181 million in FY2023 (+13.8%), $159 million in FY2022 (+3.2%) and $154 million in FY2021 (+5.5%).
- Quarterly Research & Development has ranged from $34 million in Q2 2024 to $74 million in Q2 2025 over the past five years.
- On a year-over-year basis, Research & Development rose in four of the last eight quarters, with growth averaging 21.3%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 117.6% in Q2 2025, against a decline of 36.5% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $45 million (Q1 2026), $50 million (Q4 2025) and $71 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 742.51 Bn | 698.99 Bn | - | 155.00 Mn |
| 2 | Chevron | 445.06 Bn | 417.18 Bn | 33.45 Bn | 256.00 Mn |
| 3 | Shell | 310.78 Bn | 240.53 Bn | 30.13 Bn | 277.00 Mn |
| 4 | TotalEnergies SE | 197.34 Bn | 77.92 Bn | 61.77 Bn | 95.00 Mn |
| 5 | Conocophillips | 177.35 Bn | 150.05 Bn | 12.81 Bn | 75.00 Mn |
| 6 | Equinor Asa | 118.67 Bn | 33.12 Bn | - | -189.00 Mn |
| 7 | Phillips 66 | 116.93 Bn | 104.72 Bn | 8.38 Bn | - |
| 8 | Canadian Natural Resources | 113.22 Bn | 110.23 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 95.47 Bn | 81.22 Bn | - | - |
| 10 | Eog Resources | 83.06 Bn | 67.37 Bn | - | 47.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.00 Mn |
| Mar 31, 2026 | 45.00 Mn |
| Dec 31, 2025 | 50.00 Mn |
| Sep 30, 2025 | 71.00 Mn |
| Jun 30, 2025 | 74.00 Mn |
| Mar 31, 2025 | 41.00 Mn |
| Dec 31, 2024 | 52.00 Mn |
| Sep 30, 2024 | 43.00 Mn |
| Jun 30, 2024 | 34.00 Mn |
| Mar 31, 2024 | 45.00 Mn |
| Dec 31, 2023 | 41.00 Mn |
| Sep 30, 2023 | 43.00 Mn |
| Jun 30, 2023 | 47.00 Mn |
| Mar 31, 2023 | 50.00 Mn |
| Dec 31, 2022 | 44.00 Mn |
| Sep 30, 2022 | 35.00 Mn |
| Jun 30, 2022 | 35.00 Mn |
| Mar 31, 2022 | 45.00 Mn |
| Dec 31, 2021 | 42.00 Mn |
| Sep 30, 2021 | 44.00 Mn |
API Access
Eog Resources Research & Development 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=research-and-development&ticker=EOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=EOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();