Supplemental Presentation 2025 Pearce Hammond, Vice President IR Neel Panchal, Senior Director IR Shelby OConnor, Manager IR (713) 571-4684, phammondeogresources.com (713) 571-4884, npanchaleogresources.com (713) 571-4560,…
Sustainable Value Creation Through Industry Cycles Capital Discipline Returns-Focused Investments Guided by Bottom-Cycle Prices EOG is focused on being among the Pristine Balance Sheet and Significant Free Cash Flow1,2 Generation…
Sustainable Value Creation Through Industry Cycles Returns-Focused Investments Guided by Capital Discipline Bottom-Cycle Prices Pristine Balance Sheet and Significant Free Cash Flow1,2 Generation Sustainable, Growing Regular…
Cash Return Summary 2021 2022 2023 2024 Regular Dividends, MM 937 1,764 1,925 2,087 Special Dividends, MM 1,747 3,384 1,461 - Share Repurchases1, MM - - 8.6 25.8 Share Repurchases1, MM - - 971 3,179 Total Cash Returns, MM 2,684 5,148…
Delivered on 2024 Cash Flow Priorities Billion Billion 5.3 Bn or 98% of Annual FCF Returned to Shareholders CAPEX 3% Oil Growth 11.6 8% BOE Growth 5.4 Additional Cash Return 4% Share Count Reduction in 24 (6.2) 3.2 5.4…
Sustainable Value Creation Through Industry Cycles Organic Exploration Maintains Low Cost, Capital Discipline High Quality, Multi-Basin Inventory Superior In-House Technical Expertise, Proprietary Information Technology, and…
EOG Marketing Strategy Provides Competitive Advantage Diverse Markets Provide Price Advantage and Flow Assurance Clearbrook EOG Marketing Strategy NORTHEAST Flexibility: Multiple Transportation Options in Each Basin Diversification:…
Uniquely Positioned in US Oil Markets EOG Approach to Oil Markets US Oil Price Realization vs Peer Average2 Export-Linked Capacity of 250,000 Barrels per Day EOG Premium to Peers 2.87 Peer Average Low-Cost Pipeline Transportation and…
Sustainable Value Creation Through Industry Cycles Committed to Safe Operations, Leading Capital Discipline Environmental Performance, and Community Engagement Strategic Emissions Reduction Pathways Operational Excellence…
2023 Sustainability Report Highlights Environment Social Governance Emissions Performance Culture is Our Competitive Advantage Executive Compensation Tied to Safety and Environmental Performance1 0.04% methane emissions percentage…
Reduced GHG Intensity Rate Since 2021 Achieved 2025 Target in 2022-2024 GHG Intensity Rate Total and Source GHG Reduction Projects by Source metric tons CO2e/MBoe1,2 Other Sources Company-wide Leak Detection and Repair (LDAR)…
Capturing Wellhead Gas to Minimize Flaring Wellhead Gas Capture Rate Increasing Wellhead Gas Capture with percentage Infrastructure, In-Field Practices, and Technologies of natural gas production1 Plan for and install natural gas…
Reduced Methane Emissions Percentage Since 2020 Achieved 2025 Target in 2021-2024 Methane Emissions Percentage Reducing Methane with Focus on LDAR and Pneumatics metric tons Company-Wide Leak Detection and Repair (LDAR) inspections helps…
Tackling Flaring and GHG Emissions with Innovation Closed-Loop Gas Capture (CLGC) Downstream Automated Flow Control to Close Loop Between Interruption Compression Station and Producing Wells CLGC Infrastructure Reduce flaring and GHG…
Continuous Methane Monitoring iSense EOG Developed Continuous Leak Detection Technology to Reduce Emissions iSense Real-Time actionable alerts through Integrated with Operational Data and Other continuous monitoring of facilities…
Committed to Maximizing Reuse and Nonfresh Sources Sources of Water EOG Approach percent Evaluate: Study unique characteristics of region, including full life cycle of of total water and available sources of water Infrastructure: Invest…
Sustainable Value Creation Through Industry Cycles Decentralized, Non-Bureaucratic Structure Enables Capital Discipline Value Creation in the Field, at the Asset Level Collaborative, Multi-Disciplinary Teams Drive Innovation…
Decentralization is Key to EOGs Culture and Differentiation Operational Benefits Capital Allocation Flexibility Broad Footprint for Innovation Product & Geographic Diversity Knowledge & Technology Transfer Deep, Play-Specific…
Real-Time Data & Proprietary Applications Support EOGs Decentralized Model Division Data Availability is Critical Offices for a Decentralized Business Accountability Infrastructure Technology Enables Data-Driven, Real-Time…
Proprietary Apps Support Innovative, Multi-Disciplinary Execution GEOLOGY & RESERVOIR DRILLING COMPLETIONS FACILITIES & PRODUCTION Comprehensive Log and Map Real-Time Steering and Motor Data Real-Time Downhole Real-Time Facility…
Owning Data from Creation to Delivery Integrated Systems Supporting Real-Time Returns-Focused Decision Making Supplement - February 2025 22
Play Details Supplement - February 2025 23
EOGs Multi-Basin Portfolio Rocky Mountain Williston Basin Powder River Basin Wyoming DJ Basin Appalachian Basin Utica Delaware Basin Trinidad & Tobago South Texas Columbus Eagle Ford Basin Dorado Supplement -…
Delaware Basin Brushy Highlights Canyon Maximized Value Creation Through Stacked Pay Co-Development Leonard Increased Drilled Feet per Day by 10% in 2024 Through Increased Bottom Hole Lea Shale Assembly Performance Attributed to…
South Texas Eagle Ford Highlights Increased Drilled Feet per Day by 15% in 2024 as a Result of Improved Bottom Hole Assembly Efficiencies Increased Completed Lateral Feet per Day by 20% in 2024 by Applying Super Zipper Completion…
Powder River Basin Parkman Highlights Northern PRB Oil Maximized Value Creation Through Development of Stacked Mowry, Turner, 110K Net Acres Niobrara, and Parkman Reservoirs Shannon Increased Niobrara Well Productivity by 20%+ in…
Dorado Highlights Increased Drilled Feet per Day by 15% in 2024 Through Increased Bottom Hole Dimmit Assembly Performance Attributed to EOG Motor Program La Salle Increased Completed Lateral Feet Per Day by 15% in 2024 by Applying…
Utica Play Highlights Low Cost, High Return 460K Net Acre Position Spanning 140 Miles 90%+ of Acreage Held by Production with Minimal Drilling Commitments 100% Minerals Ownership Across 135K Net Acres Enhances Returns Targeting 3+…
Trinidad & Tobago Overview NCMA 4(a) Block Tobago 30+ Years Operating in Country Shallow Water Development Expertise Coupled with Low-Cost Structure Supports Runway for Additional Future Opportunities Highly Competitive with US…