EOG Resources management check
EOG · Energy · Oil & Gas Exploration & Production · CEO Ezra Y Yacob
Filings as of
4 good · 2 to watch · 1 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $268, against $283 for the peer group the company picked itself.
- Flag
Does pay follow performance?
Pay moved against returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.56 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.4% of net income$17.6m of reported pay in fiscal 2025, against $5.0bn of net income.
- Watch
Do they own the stock?
Insiders are selling4 insiders sold $8.1m in the last six months and none bought. 1 of 4 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -3.3% a year over the last three fiscal years. Stock-based pay was 1.0% of revenue in the latest year.
- Good
Is leadership stable?
5 leadership filings in 3 yearsCEO in the pay table: Mr. Yacob. 5 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Energy.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 43 | 64 | |
| Pay for performance | 22 | 65 | |
| CEO cost | 88 | 66 | |
| Skin in the game | — | — | 49 |
| Dilution | 91 | 58 | |
| Stable leadership | 100 | 73 | |
| Clean books | 100 | 100 |
Closest peers
Others in Oil & Gas Exploration & Production, by management score. EOG Resources is 5th of 20 in its sector.
Pay versus performance
From the proxy statement filed March 27, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Yacob | $17.6m | $10.1m | $6.0m | $268 | $283 | $5.0bn |
| 2024 | — | $16.2m | $17.1m | $4.5m | $302 | $281 | $6.4bn |
| 2023 | — | $14.6m | $11.5m | $5.5m | $290 | $297 | $7.6bn |
| 2022 | — | $12.6m | $19.0m | $5.1m | $296 | $297 | $7.8bn |
| 2021 | — | $9.8m | $23.4m | $4.7m | $189 | $187 | $4.7bn |
The board says pay is tied most to ROCE. Its other key measures: Absolute Total Stockholder Return, Relative Total Stockholder Return, Return on Capital Employed.
Insiders and the CEO's stake
Ezra Y Yacob (Chairman & CEO) held 268,447.747 shares directly after their latest Form 4 on Sep 25, 2026.
4 insiders sold $8.1m in the last six months and none bought. 1 of 4 sales ran on pre-arranged 10b5-1 plans.
- SoldEzra Y YacobChairman & CEO$5.5mAug 24, 2026
- SoldJeffrey R. LeitzellEVP & COO · 10b5-1 plan$1.3mSep 25, 2026
- SoldMichael P DonaldsonEVP & Chief Legal Officer$1.1mSep 11, 2026
- SoldCharles R CrispDirector$257kMay 28, 2026
Leadership and governance on file
- Sep 24, 2026Leadership change8-K 5.02
- Dec 11, 2025Leadership change8-K 5.02
- Feb 11, 2025Leadership change8-K 5.02
- Apr 2, 2024Leadership change8-K 5.02
- Dec 13, 2023Leadership change8-K 5.02
- Sep 14, 2023Leadership change8-K 5.02
- Feb 8, 2023Leadership change8-K 5.02
- Oct 4, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 21, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $7.0bn returned to owners in buybacks and dividends, 22% of net income, and $877.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $18.6bn | $25.7bn | $24.2bn | $23.7bn | $22.6bn |
| Net income | $4.7bn | $7.8bn | $7.6bn | $6.4bn | $5.0bn |
| Stock-based pay | $152.0m | $133.0m | $177.0m | $199.0m | $216.0m |
| Buybacks | $41.0m | $118.0m | $1.0bn | $3.2bn | $2.6bn |
| Dividends | — | — | — | — | — |
| Diluted shares | 584m | 587m | 584m | 569m | 546m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.