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Q3 2023 Earnings Presentation – EOG Resources, Inc.

EOG Resources, Inc. · Nov 30, 2023 · 16 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. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 1
    3Q 2023 Earnings Presentation Pearce Hammond, Vice President IR Neel Panchal, Director IR Shelby OConnor, Manager IR (713) 571-4684, phammondeogresources.com (713) 571-4884, npanchaleogresources.com (713) 571-4560,…
  2. Q3 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. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 3
    3Q 2023 Results & Highlights Strong Operational Execution and Financial Results - Volumes, Capex, and Per-Unit Operating Costs Better than Guidance1 - Updated Full-Year Guidance to Reflect Higher Volumes and Lower Per-Unit Operating…
  4. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 4
    Increasing 2024+ Cash Return Commitment Free Cash Flow Priorities Focused on Long-Term Value Creation Sustainable Dividend Growth Regular Dividend Increased 10% for 20242 Primary Mode of Cash Return to Shareholders Regular Dividend…
  5. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 5
    Delivering on 2023 Cash Return Commitment Exceeding Minimum 60% of Annual Free Cash Flow1 Commitment to Shareholders 75% Free Cash Flow 5.5 Bn Committed YTD 1.25 Bn Retired Bond at Maturity 0.7 Bn 2023 Free Cash Flow Estimate…
  6. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 6
    Committed to Sustainable, Growing Regular Dividend Increased Regular Dividend 10% 26 Years of Stable and Growing Regular Dividend per Share Regular Dividend is a 2.1 Bn Annual Cash 3.64 Return Commitment to Shareholders1 3.60 3.30…
  7. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 7
    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…
  8. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 8
    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)…
  9. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 9
    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,…
  10. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 10
    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%…
  11. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 11
    Utica Combo Package Results Outperform Type Curve Timberwolf Package (Aug 23) Utica Type Curve: 90 Day Cumulative Production (MBoe) Avg. IP30: 2,150 Boed 55% Oil, 85% Liquids 250 90 Day Product Mix Average: Brown 1 (Oct 22) IP30:…
  12. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 12
    Utica Shale Play Positioned to Deliver Premium Returns Utica Development - 90%+ of Acreage Held by Production with Minimal Drilling Commitments - Infrastructure Capital Investment Limited to Infield Gathering to Support Operations…
  13. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 13
    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…
  14. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 14
    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…
  15. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 15
    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…
  16. Q3 2023 Earnings Presentation – EOG Resources, Inc. – slide 16
    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…

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