Skip to main content 2Q 2023 Earnings Presentation – EOG Resources, Inc. | Shale Experts
Loading...
Pm

2Q 2023 Earnings Presentation – EOG Resources, Inc.

EOG Resources, Inc. · Aug 3, 2023 · 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. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 1
    2Q 2023 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
  2. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 2
    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…
  3. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 3
    2Q 2023 Results & Highlights Outstanding Operational and Financial Results - 2Q 2023 Volumes, Capex, and Per-Unit Cash Operating Costs Better than Guidance1 - Strong U.S. Oil Price Realization of 1.23/bbl Above WTI - 2Q 2023 Adjusted…
  4. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 4
    Delivering on Cash Return Commitment Minimum 60% of Annual Free Cash Flow1 Committed to Shareholder Returns Free Cash Flow Priorities Focused on Long-Term Value Creation 2023E Free Cash Flow 75 WTI Sustainable Dividend Growth 4.6 Bn1…
  5. 2Q 2023 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 Return Commitment to…
  6. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 6
    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…
  7. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 7
    Premium Development Improves Finding & Development Cost and Drives Down DD&A Finding & Development Cost (/Boe) 1 Depreciation, Depletion & Amortization (/Boe) 12.93 18.43 10.69 5.13 Premium Drilling Premium Drilling (1)…
  8. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 8
    Lower Cost Basis Results in Higher Operating Margins Operating Cost excl. Taxes & Interest (/Boe) 1 Operating Margins at Constant Price (/Boe)2 19.40 32.66 8.04 22.59 Premium Drilling Premium Drilling (1) LOE,…
  9. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 9
    Higher Margins Drive Record Return on Capital Employed1 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%…
  10. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 10
    Permian Performance Delivers Returns Well Above Premium Wolfcamp Average 6 Mo. Cumulative Production (Boe/ft) Wolfcamp Average 6 Mo. Cumulative Production (Boe/ft) 34 36+ 33 34 Gas NGL 23 Oil 11 2021 2022 2023E Completed…
  11. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 11
    Operational Efficiencies Drive Competitive Returns in EOGs Emerging Plays Average Drilling Feet Per Day 4,000 3,000 2,230' 2,000 Wolfcamp 1,475' 2023 YTD 1,245' 1,270' 1,000 0 2021 202120222022 2023 Record 2023 Record…
  12. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 12
    Applying Proprietary Technology and Designs to Lower Costs and Increase Returns Drilling Analytics Precision Targeting Drilling Fluid Drilling Motor Program Bits and Cutters In-House Proprietary 90%+ In-Zone Achieved In-House Mud…
  13. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 13
    ESG Ambitions & Strategy Dedicated to Being a Responsible Operator and Part of the Long-Term Energy Solution ACHIEVED NEARTERM EMISSIONS TARGETS NET ZERO AMBITION 13.5 0.06 ZERO 99.8% NET ZERO GHG intensity methane emissions Routine…
  14. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 14
    Strong 2022 Emissions Results Exceeded Near-Term Targets EMISSIONS Scope 1 GHG Intensity Rate1,2 Wellhead Gas 17.7 99.9% Capture Rate 15.0 13.6 14.0 13.3 13.5 WATER 9% 14% 2018 2019 2020 2021 2022 2025 Target 36% 28% Scope 1…
  15. 2Q 2023 Earnings Presentation – EOG Resources, Inc. – slide 15
    EOG Culture Drives Sustainable Competitive Advantage Rate-of-Return Multi-Disciplinary Every Employee is a Driven Teamwork Business Person First Decentralized / Innovative / Safety, Environment, Culture Non-Bureaucratic…

From the store

Browse maps, data & reports in the Shale Experts store