EOG Tax Provision from 2010 to 2024

EOG Stock  USD 133.09  0.55  0.41%   
EOG Resources' Tax Provision is increasing over the last several years with slightly volatile swings. Tax Provision is estimated to finish at about 2.2 B this year. Tax Provision is the amount set aside by EOG Resources to cover any estimated taxes for the current period. It reflects EOG Resources' expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2019-03-31
Previous Quarter
470 M
Current Value
461 M
Quarterly Volatility
251.4 M
 
Covid
Check EOG Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EOG Resources' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.8 B, Interest Expense of 95.1 M or Total Revenue of 24.4 B, as well as many indicators such as Price To Sales Ratio of 4.41, Dividend Yield of 0.0506 or PTB Ratio of 3.04. EOG financial statements analysis is a perfect complement when working with EOG Resources Valuation or Volatility modules.
  
Check out the analysis of EOG Resources Correlation against competitors.
For more detail on how to invest in EOG Stock please use our How to Invest in EOG Resources guide.

Latest EOG Resources' Tax Provision Growth Pattern

Below is the plot of the Tax Provision of EOG Resources over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. EOG Resources' Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EOG Resources' overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Slightly volatile
   Tax Provision   
       Timeline  

EOG Tax Provision Regression Statistics

Arithmetic Mean(504,058,600)
Coefficient Of Variation(379.93)
Mean Deviation1,703,364,373
Median(460,819,000)
Standard Deviation1,915,065,398
Sample Variance3667475.5T
Range4.6B
R-Value0.93
Mean Square Error566259.9T
R-Squared0.86
Slope396,337,150
Total Sum of Squares51344656.7T

EOG Tax Provision History

20242.2 B
20232.1 B
20222.1 B
20211.3 B
2020-134.5 M
2019810.4 M
2018822 M

About EOG Resources Financial Statements

EOG Resources stakeholders use historical fundamental indicators, such as EOG Resources' Tax Provision, to determine how well the company is positioned to perform in the future. Although EOG Resources investors may analyze each financial statement separately, they are all interrelated. For example, changes in EOG Resources' assets and liabilities are reflected in the revenues and expenses on EOG Resources' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in EOG Resources. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Tax Provision2.1 B2.2 B

Currently Active Assets on Macroaxis

When determining whether EOG Resources is a strong investment it is important to analyze EOG Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EOG Resources' future performance. For an informed investment choice regarding EOG Stock, refer to the following important reports:
Check out the analysis of EOG Resources Correlation against competitors.
For more detail on how to invest in EOG Stock please use our How to Invest in EOG Resources guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EOG Resources. If investors know EOG will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EOG Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.15)
Dividend Share
3.64
Earnings Share
12.39
Revenue Per Share
41.72
Quarterly Revenue Growth
(0.04)
The market value of EOG Resources is measured differently than its book value, which is the value of EOG that is recorded on the company's balance sheet. Investors also form their own opinion of EOG Resources' value that differs from its market value or its book value, called intrinsic value, which is EOG Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EOG Resources' market value can be influenced by many factors that don't directly affect EOG Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EOG Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if EOG Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EOG Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.