• EOG Resources average return on tangible equity for 2023 was 33.05, a 16.91% decline from 2022.
• EOG Resources average return on tangible equity for 2022 was 28.27, a 147.55% increase from 2021.
• EOG Resources average return on tangible equity for 2021 was 11.42, a 534.44% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.