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Fourth Quarter 2021 Presentation – EOG Resources, Inc.

EOG Resources, Inc. · Feb 24, 2022 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 1
    Value Matters 4Q 2021 David Streit, Vice President IR/PR Kimberly Ehmer, Director IR/PR Neel Panchal, Director IR (713) 571-4902, dstreiteogresources.com (713) 571-4676, kehmereogresources.com (713) 571-4884, npanchaleogresources.com
  2. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 2
    Sustainable Value Creation Through Industry Cycles Consistent Strategy to Maximize Long-Term Shareholder Value Returns-Focused EOG is focused on being among the lowest cost, highest return and lowest Disciplined Growth emissions…
  3. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 3
    EOG Resources Returns EOG Premium Basins Most Stringent Investment Hurdle Rate in Industry: 60% Direct ATROR1,2 at Flat 40 Oil and 2.50 Natural Gas Bakken Capital Discipline Manage Investment at Appropriate Rate to Support Powder River…
  4. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 4
    2021: Record Performance Record Financial Performance and Step Change in Cash Return - Earned Record 5.0 Bn Adjusted Net Income1 and 23% ROCE2,1 at 68 WTI - Generated Record 5.5 Bn Free Cash Flow3,1 2.7 Bn Cash Returned to…
  5. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 5
    2022 Game Plan: Deliver Total Shareholder Value Capital Discipline - Focused Investments to Improve Returns and Cash Flow Potential of Company - Generate 6.4 Bn in Free Cash Flow1,2 at 80 WTI 1.7 Bn Regular Dividend Commitment3…
  6. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 6
    2022 Plan: Low Breakeven & Significant Free Cash Flow Capital Program Generates 6.4 Bn Free Cash Flow1,2,3,4 at 80 WTI 32 WTI Total Capex Breakeven & Significant FCF Potential 2022 Total Capex Breakdown 11% 750 MM 80 WTI 4.1 Bn…
  7. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 7
    Target Flat Well Costs1 in 2022 Well Positioned to Mitigate Inflation Through Innovation and Efficiency 10% - 15% Increased Lateral Completed Feet per Day Super Zipper Completions Completion Design Innovations OCTG Steel Reduced…
  8. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 8
    Demonstrated Track Record of Cost Reduction Cash Operating Costs1,2,3 Finding & Development Cost4 Depreciation, Depletion & Amortization per Boe per Boe per Boe 13.25 18.43 13.53 10.102,3 10.652 5.81 -25% -56% -42% Premium…
  9. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 9
    Delivering on Our Long-Term Free Cash Flow Priorities EOG is Among Industry Leaders in Cash Return EOG Free Cash Flow Priorities Free Cash Flow1,2 Allocation Since Transition to Premium Drilling BN 14 Free Cash Flow Sustainable…
  10. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 10
    Committed to Sustainable, Growing Regular Dividend 24 Years of Stable and Growing Regular Dividend 3.00 per Share Regular Dividend is a 1.7 Bn1 per Share Annual Cash Return Commitment to 3.25 Shareholders 28% CAGR 3.00 Strong Track…
  11. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 11
    Double Premium: Higher Returns + Higher Cash Flow Replaced 170% of Double Premium Wells Drilled in 2021 Direct 1,2 110 After-Tax Rate of Return(%) Shifting to Double Premium 100 - Raising the Return1,2 Hurdle from 30% to 100%+ 60%…
  12. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 12
    Double Premium: Lower Breakevens Better Wells Lower WTI Breakeven for 10%+ ROCE Double Premium Net Wells Completed Oil Price Required for 10% ROCE1 410 83 81 75 290 290 65 230 55 57 210 54 150 44 40 50 Premium Drilling…
  13. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 13
    ESG Ambitions & Strategy Dedicated to Being a Responsible Operator and Part of the Long-Term Energy Solution 2025: NEARTERM EMISSIONS TARGETS 2040: LONGTERM AMBITION 13.5 GHG 0.06 METHANE EMISSIONS PERCENTAGE2,3 ZERO ROUTINE…
  14. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 14
    2021 Preliminary ESG Metrics On Track to Achieve Near Term Targets -25% EMISSIONS WATER Scope 1 GHG Intensity Rate1,2 9% 19% 17.7 99.8% Wellhead Gas Capture Rate in 2021 17.1 36% 35% 15.0 13.6 14.0 13.5 46% 55% 2017 2018 2019…
  15. Fourth Quarter 2021 Presentation – EOG Resources, Inc. – slide 15
    EOG Culture Drives Sustainable Competitive Advantage Pleased but Not Satisfied Rate-of-Return Multi-Disciplinary Every Employee is a Driven Teamwork Business Person First Decentralized / Innovative / Safety, Environment, Culture…

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