U.S. shale oil and gas producer
EOG Resources, Inc.
EOG Resources produces crude oil and condensate, natural gas liquids and natural gas, primarily in the United States, and sells them to refiners, LNG facilities and gas distributors. Its field development relies on water handling, sand and land access, and transportation infrastructure, while the 2025 Encino acquisition expanded its Utica position.
EOG Updated Sep 11, 2026 3 AI consumers· 2 recurring
Per the valuechain.wiki graph, EOG Resources, Inc. is directly linked to 3 companies (3 supply, 0 revenue relationships) and reaches 8 companies within two hops; the links are backed by 10 dated sources, 6 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · $22.632 billion FY2025 revenue (SEC 10-K XBRL us-gaap:Revenues)
- Segments · Crude Oil and Condensate · Natural Gas Liquids · Natural Gas · Gathering, Processing and Marketing
Revenue from
- Corpus Christi Liquefaction, LLC and Cheniere Corpus Christi Liquefaction Stage III, LLC High confidence· volume 140,000 MMBtu/day · 약 15년, 2020년 초 시작 · Daily contracted EOG natural gas purchase volume by the two Cheniere affiliates
The two Cheniere affiliates buy EOG natural gas under a long-term integrated production marketing arrangement for the Corpus Christi LNG facility. EOG's 2025 Form 10-K confirms that the sales relationship remains active.Confirms EN Cheniere Energy Published Nov 1, 2019: Cheniere Reports Third Quarter 2019 Results, Reconfirms Full Year 2019 Guidance, and Provides 2020 Guidance - The National Gas Company of Trinidad and Tobago Limited and its subsidiary High confidence· Market share 100 percent · FY2025 · Share of EOG Trinidad natural gas sales made to NGC and its subsidiary
EOG sold all natural gas produced in Trinidad during 2025 to NGC and its subsidiary. NGC said the relationship continued through a new gas supply contract with EOG Resources Trinidad in 2026.Confirms EN The National Gas Company of Trinidad and Tobago Limited Published May 1, 2026: NGC and EOG Resources Sign New Gas Supply Contract
Pays to
- LandBridge Company LLC High confidence
EOG operates a sand mine on LandBridge property and pays per-ton royalties and water-purchase fees. It also pays for drilling-site, road and pipeline-easement access. - WaterBridge Infrastructure LLC High confidence
WaterBridge names EOG as an E&P customer and provides produced-water gathering, transportation, recycling and handling services primarily under long-term fixed-fee contracts. The EOG-specific contract value was not disclosed. - Bank of America Corporation High confidence
Bank of America subsidiary BofA Securities served as a representative and underwriter for EOG's 2025 senior-note offering. Its individual fee and expense reimbursement were not disclosed. - JPMorgan Chase & Co. High confidence
JPMorgan Chase subsidiary J.P. Morgan Securities served as a representative and underwriter for EOG's 2025 senior-note offering. Its individual fee and expense reimbursement were not disclosed. - Kinder Morgan, Inc. High confidence
EOG Resources is listed as a transportation-contract customer in Kinder Morgan's El Paso Natural Gas tariff, although the disclosed tariff section reviewed does not provide a contract value specific to EOG Resources.Confirms EN El Paso Natural Gas Company, L.L.C. / FERC Published May 29, 2026: El Paso Natural Gas FERC Gas Tariff: Negotiated Rate Agreement Filing RP26-893-000
Investments
- Encino Acquisition Partners, LLC High confidence· Amount $5.6B · 2025 인수 · Cash purchase price for Encino Acquisition Partners, inclusive of debt repayment
EOG acquired all outstanding equity interests in Encino Acquisition Partners for cash in August 2025. The transaction added core Utica acreage and producing assets.Confirms EN SEC EDGAR Published Aug 1, 2025: EOG Resources, Inc. Form 8-K: Completion of Encino AcquisitionMentions KO Maeil Business Newspaper Published Jun 2, 2025: EOG Resources Announces $5.6 Billion Acquisition of Encino Acquisition PartnersConfirms EN S&P Global Commodity Insights Published May 30, 2025: EOG to acquire Utica Shale operator Encino Acquisition Partners for $5.6 billion
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| EOG Resources, Inc. | node | +88.6 | +56.9 | -2 | +4.3 | -11.4 | +41.7 |
| Kinder Morgan, Inc. | benef1 | +23.8 | +21.2 | +4.1 | +64.4 | +4.8 | +17.5 |
| Bank of America | benef1 | +49.6 | -23.8 | +4.8 | +33.9 | +28 | +15.2 |
| JPMorgan Chase | benef1 | +27.7 | -12.6 | +30.6 | +44.3 | +37.3 | +12.9 |
| Newmont Corporation | benef2 | +7.4 | -20.8 | -8.8 | -7.8 | +172.8 | +29.1 |
| Marriott International, Inc. | benef2 | +25.3 | -9.3 | +53.1 | +24.9 | +12.3 | +9.1 |
| Visa Inc | benef2 | -0.3 | -3.4 | +26.3 | +22.3 | +11.8 | +7.6 |
| Mastercard Inc | benef2 | +1.2 | -2.7 | +23.4 | +24.2 | +9 | +2 |
| Workday, Inc. | benef2 | +14 | -38.7 | +65 | -6.5 | -16.8 | -8.8 |
YTD as of 2026-09-04 · source: Yahoo Finance
EOG Resources, Inc. operates across U.S. shale oil and gas producer. After -11.4% in 2025, it rebounded +41.7% in 2026. The stock (+41.7%) and its supply side (avg +14.1%) are moving in step. Among connected nodes the furthest ahead is Bank of America (+15.2%) and the furthest behind is JPMorgan Chase (+12.9%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Its field development relies on water handling, sand and land access, and transportation infrastructure, while the 2025 Encino acquisition expanded its Utica position.
Analysis generated from returns as of 2026-09-04