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2Q22 Earnings Presentation – EOG Resources, Inc.

EOG Resources, Inc. · Aug 4, 2022 · 17 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. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 1
    Value Matters 2Q 2022 David Streit, Vice President IR Neel Panchal, Director IR (713) 571-4902, dstreiteogresources.com (713) 571-4884, npanchaleogresources.com
  2. 2Q22 Earnings 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. 2Q22 Earnings 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. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 4
    2Q 2022 Results & Highlights Outstanding Operational Execution and Unchanged Full-Year Plan - 2Q Production, Capex and Total Per-Unit Cash Operating Costs Better Than Guidance1 - Maintain FY 2022 Capex and Oil Volume Guidance2 Through…
  5. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 5
    Unchanged 2022 Capital Plan and 7.7 Bn FCF2,3 at 95 WTI Minimum 60% of Annual FCF Commitment Results in 4.6 Bn+ Cash to Shareholders 7.7 Bn FCF 4.1 Bn FCF - Additional Cash Return - Strengthen Balance Sheet 2H 2022E - Low-Cost…
  6. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 6
    Increasing Our Cash Return to Shareholders Minimum 60% of Annual Free Cash Flow1,2 Committed to Shareholder Returns Long-Term EOG Free Cash Flow Priorities Returning 10 Bn Cash to Shareholders Since Transition to Premium Drilling BN…
  7. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 7
    Committed to Sustainable, Growing Regular Dividend Regular Dividends Protect Cash Returns Through Cycles 24 Years of Stable and Growing Regular Dividend per Share 3.25 28% CAGR 3.00 Strong Track Record of Delivering Cash To 2.75…
  8. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 8
    EOG Regular Dividend Leads Peers and Competes Across Sectors Regular Dividend Highest Priority to Return Cash to Shareholders Regular Dividend Yield1 2.9% 2.5% 2.0% 2.0% 3.8% 1.5% 1.4% 1.4% 1.3% 0.9% 2.9% 2.9% 2.8% 2.7% 2.7% EOG…
  9. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 9
    Demonstrated Track Record of Cost Reduction Cash Operating Costs1,2 Finding & Development Cost4 Depreciation, Depletion & Amortization per Boe per Boe per Boe 13.25 18.43 13.53 10.303 10.803 5.81 -24% -56% -41% Premium…
  10. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 10
    Powder River Basin A Highly Competitive Premium Asset Results To-Date Support Increasing Activity in Mowry and Niobrara Southern PRB Prolific Premium Combo Plays - Completed 40 Mowry and Niobrara Wells Since 2018 - Record Wells in…
  11. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 11
    Southern Powder River Basin Infrastructure Improves Operations Water Sourcing Cost (/Bbl) Disposal Cost (/Bbl) 90% Sourced from Reuse1 1.96 1.10 Reuse 0.25 0.11 Fresh 2019 2020 2021 1H '22 2019 2020 2021 1H '22 Development…
  12. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 12
    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%…
  13. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 13
    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…
  14. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 14
    Continuous Methane Monitoring iSenseSM EOG Developed Continuous Leak Detection Technology to Reduce Emissions Methane Sensor iSenseSM Continuous Leak Detection Real-Time Actionable Alerts Through Continuous Monitoring of Facilities…
  15. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 15
    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 0.06 ZERO GHG INTENSITY RATE1,2 METHANE EMISSIONS…
  16. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 16
    2021 Preliminary ESG Metrics On Track to Achieve Near-Term Targets 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 2020…
  17. 2Q22 Earnings Presentation – EOG Resources, Inc. – slide 17
    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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