As climate change reaches a crisis point, more and more companies have started to go green. But the green revolution hasn’t fully materialized yet, leaving investors unsure of where it would be best to put their money. For now, oil and gas stocks are far from dead. In fact, many are doing quite well. EOG Resources (NYSE: EOG)  is one such stock to consider.

Who Is EOG?

EOG is one of the biggest players in the United States market, producing about a million barrels of oil equivalent each day. As of the end of 2023, the company had roughly 4.5 billion barrels in reserve. EOG continues to grow its business, with plans to open a new natural gas field in Texas by 2026. Even as energy production starts to go green, EOG’s extensive reserves, expansion plans, and market positioning mean that it will undoubtedly remain a force to be reckoned with until and unless we someday transition off fossil fuels altogether. That day, if it ever comes, is likely to be far in the future.

What the Analysts Are Saying

Analysts are reasonably bullish on EOG’s prospects. The company is currently trading at a premium compared to its competitors. But it’s continuing to increase cash flow, despite the fact that the sector as a whole is pretty stagnant. This means that the premium is currently on track to diminish by 2030. Many analysts think there is still a lot of upside, as long as EOG continues to perform as expected.

Short-term investors may want to give EOG a pass, since it’s definitely not skyrocketing like some of the tech stocks. But if you don’t want to wait for the green revolution to get into energy production, patient investors who are playing the long game might want to consider buying EOG.

Neither Sean Kelland nor Stocks.News have positions in this company.