| EOG and Pioneer: The Best Upstream Stocks in the Past 3 Years | |
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Top American Upstream Companies: Their Production and Reserves Upstream energy companies
In this series, we’ll look at four major American upstream energy companies. We’ll see what their reserves and production trends have been over the last few quarters and try to analyze if these upstream stocks have been adding to or depleting their reserves. These are the four companies we’ll cover:
- EOG Resources Inc. (EOG)
- Pioneer Natural Resources Company (PXD)
- Marathon Oil Corporation (MRO)
- Continental Resources, Inc. (CLR)
Upstream companies engage in the exploration and production (or E&P) of crude oil and natural gas.
Returns analysis
As you can see in the above graph, EOG Resources (EOG) has been the outperformer in our group since June 12, 2012, returning 93%. During the same period, Pioneer Natural Resources (PXD) returned 61%. Continental Resources (CLR) and Marathon Oil (MRO) returned 30% and 16%, respectively.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) returned 10% over the past three years. XOP tracks an index of 74 listed energy companies. Marathon Oil makes up 1.29% of XOP. Pioneer Natural Resources (PXD) is 3.3% of the Energy Select Sector SPDR ETF (XLE).
Shale producers
Note that the upstream companies in our group operate primarily in US resource shales. These shales contain crude oil and natural gas.
Despite recent low energy price levels, most of the producers haven’t cut production yet. Here are a couple reasons:
- Falling production costs made continued operations viable even at low energy prices.
- Many upstream companies have huge debts. Any sharp decline in production will seriously impair their debt repayment capacity.
In this series, we’ll examine production and reserves for our select group of companies. Let’s start with EOG Resources in the next part.
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EOG Resources
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CODE : EOG |
ISIN : US26875P1012 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
EOG Res. est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. EOG Res. est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 78,5 milliards US$ (73,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 11 juillet 2003 à 10,00 US$, et son plus haut niveau récent le 26 avril 2024 à 135,70 US$. EOG Res. possède 578 636 343 actions en circulation. |