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On October 8, 2025,
(EOG) traded with a volume of $0.46 billion, ranking 242nd in terms of trading activity among U.S. equities. The stock closed with a 0.05% gain, reflecting muted price action amid a broader market consolidation phase.Recent developments suggest mixed fundamentals for
. A production update from the company highlighted incremental output growth in its Permian Basin operations, driven by improved drilling efficiency. However, this was partially offset by cautious commentary on capital expenditure discipline, with management emphasizing a shift toward cash flow preservation over aggressive growth. Analysts noted the balance between operational progress and fiscal restraint could influence near-term investor sentiment.Market participants also observed limited catalysts in the energy sector during the reporting period. While oil prices stabilized near $85/barrel, the absence of major geopolitical or supply-side shocks reduced volatility. EOG’s underperformance relative to peers was attributed to its higher exposure to onshore U.S. production, which faces regulatory and infrastructure constraints compared to LNG-focused rivals. This dynamic narrowed the stock’s upside potential despite sector-wide stability.
To set up this back-test accurately I need to confirm a few practical details: 1. Universe • Which market/exchange should we scan for the “top 500” names (e.g., all U.S. listed equities, NYSE + NASDAQ only, or a different market)? 2. Weighting & execution price • Should we assume an equal-weight allocation across the 500 stocks each day? • Do we buy at that day’s close and sell at the next day’s close, or use open prices? 3. Transaction costs & slippage • Should we include any commission/slippage assumptions, or assume zero costs? Once I have these specifics I can generate and run the back-test for the 2022-01-01 → 2025-10-08 period.

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