Fullscreen color profile applies to image in EOG
Notice most of preinstalled color profiles in Settings->Devices->Color does not support whole screen correction (they are marked with bulb icon). So this is normal application behavior to apply system-wide color profile to image. But when fullscreen profile selected, it used firstly in EOG for certain image and secondly by the system for final correction. In my case screen has noticeable bluish cast, so ICC does significant color shift to compensate it. But when applied twice, it makes images yellowish in EOG. While Gimp and Shotwell display colors correctly.
EDIT: EOG version 3.28.4-1 on Ubuntu 18.10
Also posted here: https://bugs.launchpad.net/ubuntu/+source/eog/+bug/938751