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3Q 2022 Earnings Presentation – EOG Resources, Inc.

EOG Resources, Inc. · Nov 30, 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. 3Q 2022 Earnings Presentation – EOG Resources, Inc. – slide 1
    Value Matters 3Q 2022 David Streit, Vice President IR Neel Panchal, Director IR (713) 571-4902, dstreiteogresources.com (713) 571-4884, npanchaleogresources.com
  2. 3Q 2022 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. 3Q 2022 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. 3Q 2022 Earnings Presentation – EOG Resources, Inc. – slide 4
    3Q 2022 Results & Highlights Strong Operational Execution and Financial Results - 3Q Production and Capex Better Than Guidance1,2 - 3Q Adjusted Net Income2 of 2.2 Bn and 3.71 Adjusted EPS2 - Generated 2.3 Bn Free Cash Flow2,3 in…
  5. 3Q 2022 Earnings Presentation – EOG Resources, Inc. – slide 5
    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 3.30 Return Commitment to…
  6. 3Q 2022 Earnings Presentation – EOG Resources, Inc. – slide 6
    EOG Regular Dividend Leads Peers and Broader Market Regular Dividend Yield1 2.4% 2.3% 1.9% 1.7% 1.7% Regular Dividend is the Primary Mode to Return 1.5% Cash to Shareholders 1.2% 1.1% 1.1% 0.7% EOG 2 A B C S&P 500 D E…
  7. 3Q 2022 Earnings Presentation – EOG Resources, Inc. – slide 7
    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 10.4 Bn Cash to Shareholders Since Transition to Premium Drilling BN…
  8. 3Q 2022 Earnings Presentation – EOG Resources, Inc. – slide 8
    Exceeding Our Minimum Cash Return Commitment in 2022 - Additional Cash Return 7.6 Bn Free Cash Flow4 - Strengthen Balance Sheet - Low-Cost Property Bolt-Ons 5.80/Sh5 Special Dividends 5.1 Bn Cash Return is 67% of Free Cash Flow…
  9. 3Q 2022 Earnings Presentation – EOG Resources, Inc. – slide 9
    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…
  10. 3Q 2022 Earnings Presentation – EOG Resources, Inc. – slide 10
    Utica Combo Play Improves Quality of Premium Inventory 395k Net Acres in High Potential Combo Play - < 600/Net Acre Average Cost of Entry - Leveraged Extensive Data and Technical Understanding From Multiple Basins to Identify…
  11. 3Q 2022 Earnings 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. 3Q 2022 Earnings 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. 3Q 2022 Earnings Presentation – EOG Resources, Inc. – slide 13
    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…
  14. 3Q 2022 Earnings Presentation – EOG Resources, Inc. – slide 14
    2021 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 2021 2025…
  15. 3Q 2022 Earnings 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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