Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
The crude price did most of the work
Crude barrels grew modestly while the realized price rose by half, and the filing ties that price to the Middle East conflict.
For investorsWhat this margin depends on if crude cools
For foundersOwning the inputs that set the pace
Total operating costs rose 36.48% against revenue at 57.36%, so most of the extra revenue reached operating income.
Gathering, processing and marketing brought 23.3% of revenue, yet nearly all of it went back out as purchase cost.
In the price collapse of FY2020, EOG lost money at the operating line yet still generated $5.01B of operating cash.
Unlock the financial breakdown, competitive insights, historical trends and founder playbook, plus research across the company library.
Free CXProWealth membership required
Business Lens describes EOG Resources from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
