EOG vs OXY: EOG Resources and Occidental Petroleum compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- EOG Resources is the larger company, worth $84.4B, about 1.3 times Occidental Petroleum.
- EOG Resources grew revenue faster over the last year (+57.4% vs +53.4%).
- On earnings, EOG Resources is the cheaper stock (15.6x vs 85.1x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | EOG | OXY |
|---|---|---|
| Market cap | $84.4B | $62.6B |
| Share price | $148.16 | $60.11 |
| Revenue (last fiscal year) | $22.6B | $21.6B |
| Free cash flow (last fiscal year) | — | $4.1B |
| Revenue growth, last year | +57.4% | +53.4% |
| Revenue growth per year, last 5 fiscal years | +5.0% | -4.5% |
| Operating margin | 33.0% | — |
| Net margin | 25.4% | 33.7% |
| Return on equity | 21.6% | 17.5% |
| P/E (trailing) | 15.6x | 85.1x |
| Price / free cash flow | 21.5x | 15.2x |
| EV / EBITDA | 6.24x | 6.11x |
| FCF growth the price implies | — | 1.4% |
| Dividend yield | 2.6% | 1.6% |
| Debt / equity | 0.72x | 0.91x |
| Fundamental grade | B | B |
| Superinvestors holding it | 8 | 8 |
| Insider purchases, last 12 months | 2 | 4 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
EOG Resources
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $18.6B | — | 32.7% |
| 2022 | $25.7B | — | 38.8% |
| 2023 | $24.2B | — | 39.7% |
| 2024 | $23.7B | — | 34.1% |
| 2025 | $22.6B | — | 28.2% |
Occidental Petroleum
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $26.0B | $7.6B | — |
| 2022 | $36.6B | $12.3B | — |
| 2023 | $23.2B | $6.6B | — |
| 2024 | $22.0B | $5.2B | — |
| 2025 | $21.6B | $4.1B | — |
Where the revenue comes from
EOG Resources · by segments, 2025
United States$22.3B98%
Trinidad$359M2%
Other International$4M0%
Occidental Petroleum · by segments, 2025
Oil and gas$20.9B94%
Midstream and marketing$1.3B6%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open EOG in InvestinglyQuestions
Which is bigger, EOG Resources or Occidental Petroleum?
EOG Resources (EOG), at $84.4B against $62.6B.
Is EOG or OXY cheaper?
By trailing P/E, EOG Resources (15.6x) is cheaper than Occidental Petroleum (85.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, EOG or OXY?
EOG Resources: revenue grew +57.4% over the last year, against +53.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.