EOG vs. MPC

Last updated Jun 3, 2026

EOG (EOG Resources, Inc.) and MPC (Marathon Petroleum Corporation) are both stocks. Both are in the Energy sector — EOG in Oil & Gas E&P, MPC in Oil & Gas Refining & Marketing. Over the past 10 years, EOG returned 9.09%/yr vs 25.97%/yr for MPC. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

EOG vs. MPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EOG Resources, Inc. (EOG) and Marathon Petroleum Corporation (MPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EOG achieves a 34.26% return, which is significantly lower than MPC's 63.18% return. Over the past 10 years, EOG has underperformed MPC with an annualized return of 9.09%, while MPC has yielded a comparatively higher 25.97% annualized return.

EOG

• 1D: 1.43%
• 1M: -0.27%
• YTD: 34.26%
• 6M: 29.27%
• 1Y: 28.90%
• 3Y*: 11.23%
• 5Y*: 15.36%
• 10Y*: 9.09%

MPC

• 1D: 1.70%
• 1M: 7.28%
• YTD: 63.18%
• 6M: 37.72%
• 1Y: 68.95%
• 3Y*: 36.95%
• 5Y*: 36.17%
• 10Y*: 25.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EOG vs. MPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EOG EOG Resources, Inc.	34.26%	-11.37%	4.30%	-2.03%	56.88%	88.62%	-38.64%	-2.82%	-18.66%	7.47%
MPC Marathon Petroleum Corporation	63.18%	19.17%	-4.06%	30.46%	86.62%	61.00%	-27.38%	6.05%	-8.23%	34.78%

Correlation

The correlation between EOG and MPC is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 5, 2011	0.53

The correlation between EOG and MPC shifts across timeframes, from 0.53 (all time) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EOG : $74.14B MPC : $77.60B
EPS EOG : $10.16 MPC : $15.35
PE Ratio EOG : 13.64 MPC : 17.14
PEG Ratio EOG : 1.73 MPC : 0.08
PS Ratio EOG : 3.19 MPC : 0.58
PB Ratio EOG : 2.40 MPC : 4.63
Total Revenue (TTM) EOG : $23.48B MPC : $135.75B
Gross Profit (TTM) EOG : $11.38B MPC : $11.95B
EBITDA (TTM) EOG : $14.73B MPC : $12.39B

Return for Risk

EOG vs. MPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EOG

EOG Risk / Return Rank: 69
EOG Sharpe Ratio Rank: 74
EOG Sortino Ratio Rank: 67
EOG Omega Ratio Rank: 64
EOG Calmar Ratio Rank: 71
EOG Martin Ratio Rank: 68

MPC

MPC Risk / Return Rank: 86
MPC Sharpe Ratio Rank: 89
MPC Sortino Ratio Rank: 85
MPC Omega Ratio Rank: 85
MPC Calmar Ratio Rank: 85
MPC Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EOG vs. MPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EOG Resources, Inc. (EOG) and Marathon Petroleum Corporation (MPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EOG	MPC	Difference
Sharpe ratio Return per unit of total volatility	1.11	2.20	-1.09
Sortino ratio Return per unit of downside risk	1.62	2.75	-1.13
Omega ratio Gain probability vs. loss probability	1.20	1.37	-0.17
Calmar ratio Return relative to maximum drawdown	1.74	3.65	-1.91
Martin ratio Return relative to average drawdown	3.40	9.65	-6.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EOG vs. MPC - Sharpe Ratio Comparison

The current EOG Sharpe Ratio is 1.11, which is lower than the MPC Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of EOG and MPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EOG	MPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	2.20	-1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	1.10	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.65	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.56	-0.22

Drawdowns

EOG vs. MPC - Drawdown Comparison

The maximum EOG drawdown since its inception was -77.13%, roughly equal to the maximum MPC drawdown of -79.67%. Use the drawdown chart below to compare losses from any high point for EOG and MPC.

Drawdown Indicators

	EOG	MPC	Difference
Max Drawdown Largest peak-to-trough decline	-77.13%	-79.67%	+2.54%
Max Drawdown (1Y) Largest decline over 1 year	-18.51%	-18.33%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-23.72%	-44.75%	+21.03%
Max Drawdown (5Y) Largest decline over 5 years	-33.42%	-44.75%	+11.33%
Max Drawdown (10Y) Largest decline over 10 years	-77.13%	-79.67%	+2.54%
Current Drawdown Current decline from peak	-6.83%	0.00%	-6.83%
Average Drawdown Average peak-to-trough decline	-21.98%	-17.37%	-4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.47%	6.93%	+2.54%

Volatility

EOG vs. MPC - Volatility Comparison

The current volatility for EOG Resources, Inc. (EOG) is 9.35%, while Marathon Petroleum Corporation (MPC) has a volatility of 11.47%. This indicates that EOG experiences smaller price fluctuations and is considered to be less risky than MPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EOG	MPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.35%	11.47%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	20.73%	25.79%	-5.06%
Volatility (1Y) Calculated over the trailing 1-year period	26.19%	31.50%	-5.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.91%	33.03%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.17%	40.27%	-1.10%

Dividends

EOG vs. MPC - Dividend Comparison

EOG's dividend yield for the trailing twelve months is around 2.91%, more than MPC's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EOG EOG Resources, Inc.	2.91%	3.76%	2.97%	4.80%	6.79%	5.19%	2.83%	1.21%	0.87%	0.62%	0.66%	0.95%
MPC Marathon Petroleum Corporation	1.49%	2.29%	2.43%	2.07%	2.14%	3.63%	5.61%	3.52%	3.12%	2.30%	2.70%	2.20%

Financials

EOG vs. MPC - Profitability Comparison

The chart below illustrates the profitability comparison between EOG Resources, Inc. and Marathon Petroleum Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EOG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EOG Resources, Inc. reported a gross profit of 0.00 and revenue of 6.76B. Therefore, the gross margin over that period was 0.0%.

MPC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported a gross profit of 3.31B and revenue of 34.57B. Therefore, the gross margin over that period was 9.6%.

EOG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EOG Resources, Inc. reported an operating income of 2.60B and revenue of 6.76B, resulting in an operating margin of 38.4%.

MPC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported an operating income of 1.40B and revenue of 34.57B, resulting in an operating margin of 4.1%.

EOG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EOG Resources, Inc. reported a net income of 1.98B and revenue of 6.76B, resulting in a net margin of 29.3%.

MPC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported a net income of 511.00M and revenue of 34.57B, resulting in a net margin of 1.5%.

Frequently Asked Questions

Can I hold both EOG and MPC in my portfolio?

EOG and MPC have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EOG or MPC?

MPC has higher volatility (11.47%) compared to EOG (9.35%). In terms of maximum drawdown, EOG dropped -77.13% vs MPC's -79.67%.

Which has better risk-adjusted returns?

MPC currently has the higher Sharpe Ratio (2.20 vs 1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.