4Q 2022 Earnings Presentation David Streit, Vice President IR Neel Panchal, Director IR Shelby OConnor, Manager IR (713) 571-4902, dstreiteogresources.com (713) 571-4884, npanchaleogresources.com (713) 571-4560, soconnoreogresources.com
Sustainable Value Creation Through Industry Cycles Returns-Focused Most Stringent Investment Hurdle Rate in Industry Anchored to a Flat 40 Oil and 2.50 Natural Gas Price Deck Disciplined Growth EOG is focused on being among the…
2022 Highlights Delivered on Our Plan Through Differentiated Execution Realized Company Record 34% ROCE1,2 at Replaced 244% of 2022 Production 94 WTI Oil for Finding & Development Cost of 5.13/Boe6 Generated 7.6 Bn Free Cash…
2023 Game Plan: Focused on Shareholder Value Volumes Capital Program 4741 9861 461 74% Premium Drilling 625 Net Completions Gathering, Processing & Other 908 Exploration 6.0 Bn1 Facilities +3% +9% 12% International 5 Net…
Free Cash Flow Priorities Focused on Long-Term Value Creation Minimum 60% of Annual Free Cash Flow1 Committed to Shareholder Returns Sustainable Dividend Growth Primary Mode of Cash Return to Shareholders Multi-Decade Track Record of…
Committed to Sustainable, Growing Regular Dividend Regular Dividends Protect Cash Returns Through Cycles 25 Years of Stable and Growing Regular Dividend per Share Regular Dividend is a 1.9 Bn Annual Cash 3.30 Return Commitment to…
A Growing Portfolio of Low-Cost, High-Return Resources1 Multi-Decade Premium Resource Poised to Further Improve ROCE2 & Free Cash Flow3 Finding & Development Cost (/BOE)4 10 Invest to Improve the Business - Premium Hurdle Rate of…
Premium Development Improves Operating Margins Finding & Development Cost (/Boe)1 Depreciation, Depletion & Amortization (/Boe) 12.93 18.43 Improving F&D Costs Drive Down DD&A 10.69 5.13 Premium Drilling Premium Drilling 2014…
Higher Margins Drive Record Return on Capital Employed Oil Price Required for 10% ROCE1 at Constant Gas Price2 Realized ROCE3 86 45% 34% 94 WTI 6.64 HH 35% 25% 15% 93 WTI 4.37 HH 15% 5% Premium Drilling 42 -5% -15%…
ESG Ambitions & Strategy Dedicated to Being a Responsible Operator and Part of the Long-Term Energy Solution NEARTERM EMISSIONS TARGETS NET ZERO AMBITION 13.5 0.06 ZERO 99.8% NET ZERO GHG intensity methane emissions Routine flaring…
Decentralization is Key to EOGs Culture and Differentiation Operational Benefits EOG Innovations & Core Competencies Capital Allocation Flexibility Drilling: Product & Geographic Diversity Long Lateral Optimization Deep, Play…
Exploration Improves Quality and Size of Premium Portfolio Life Cycle of Premium Assets Maturity Bakken/Three Forks Wyoming DJ Basin Eagle Ford Delaware Basin South Powder River Basin Dorado North Powder River Basin…
EOG Culture Drives Sustainable Competitive Advantage Rate-of-Return Multi-Disciplinary Every Employee is a Driven Teamwork Business Person First Culture Decentralized / Non-Bureaucratic Innovative / Entrepreneurial Safety,…