Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of business and is important item when evaluating financial statements of a company. Revenues from a firm's main business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can includes product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
EOG Resource Revenue Assessment
Based on latest financial disclosure EOG Resources Inc reported 13.76 B of revenue. This is 66.4% lower than that of Basic Materials sector, and 785.69% higher than that of Independent Oil and Gas industry, The Revenue for all stocks is 35.24% lower than the firm.
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EOG Resources Inc is rated below average in revenue category among related companies. Market size based on revenue of Independent Oil and Gas industry is currently estimated at about 219.04 Billion. EOG Resource holds roughly 13.76 Billion in revenue claiming about 6% of equities under Independent Oil and Gas industry.
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