EOG Resources, Inc. EOG

Competitive advantage analysis · energy

Corporate Default
Overall moat score
71/100
Moderate

About EOG Resources, Inc.

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally. The company also offers crude oil and condensate, and gathering, processing and marketing. The company was formerly known as Enron Oil & Gas Company. … Full EOG analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.91), demonstrating pricing resilience across cycles.
  • ROIC Sustainably Above Peers ROIC at 87.2th percentile exceeds peers and WACC, demonstrating superior capital allocation.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
79

Where EOG ranks in Oil & Gas E&P

EOG Resources, Inc. ranks #8 of 93 scored companies in Oil & Gas E&P by moat score — the top 9%. The widest moat in the group is Texas Pacific Land Corporation (TPL) at 84/100.

Moat scores for companies ranked near EOG in Oil & Gas E&P
# Company Moat score Rating
4 Black Stone Minerals, L.P. BSM 81/100 Strong
5 Cross Timbers Royalty Trust CRT 81/100 Strong
6 Dorchester Minerals, L.P. DMLP 73/100 Moderate
7 Permianville Royalty Trust Trus PVL 71/100 Moderate
8 EOG Resources, Inc. EOG 71/100 Moderate
9 Magnolia Oil & Gas Corporation MGY 71/100 Moderate
10 MV Oil Trust MVO 70/100 Moderate
11 Mesa Royalty Trust MTR 70/100 Moderate
12 CKX Lands, Inc. CKX 70/100 Moderate

See every Commodities & Mining company ranked by moat score →

How EOG scores on the Corporate Default defenses

Pricing Power

Score 79 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 43 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 59 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 86 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 78 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 74 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding EOG's moat

What is EOG Resources, Inc.'s moat score?

EOG Resources, Inc. (EOG) scores 71 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #8 of 93 scored companies in Oil & Gas E&P, the top 9%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 92 companies in Oil & Gas E&P. Its strongest defense is Capital Efficiency (86/100) and its weakest is Cost Advantage (43/100).

How does EOG Resources, Inc. compare with other Oil & Gas E&P companies?

EOG Resources, Inc. ranks #8 of 93 scored companies in Oil & Gas E&P by moat score. The widest moat in Oil & Gas E&P is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Permianville Royalty Trust Trus (PVL) at 71 just above it and Magnolia Oil & Gas Corporation (MGY) at 71 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 92 companies in Oil & Gas E&P. The defenses are then weighted to produce the overall score out of 100.

Why is EOG Resources, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for EOG Resources, Inc.?

The Corporate Default template measures 6 defenses, and EOG scores: Pricing Power (79), Cost Advantage (43), Customer Stickiness (59), Capital Efficiency (86), Resilience (78), Scale & Market Position (74). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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