EOG continues to focus on improving well performance and operating efficiencies, while evaluating potential crude oil and natural gas exploration and development prospects. They also seek opportunities to add drilling inventory.

EOG is emphasizing its horizontal drilling and completion expertise in unconventional crude oil and natural gas plays, particularly in the Delaware Basin and Eagle Ford.

EOG continues to develop natural gas in Trinidad under existing supply contracts, and is preparing for exploration drilling in Australia, subject to regulatory approvals and equipment availability.

EOG's strategy focuses on maximizing the rate of return on investment by controlling operating costs and capital expenditures, while maximizing reserve recoveries. They aim to maintain a strong balance sheet.

While inflationary pressures on operating costs and capital expenditures have diminished, EOG acknowledges that the market for drilling and completion services will continue to fluctuate.

EOG's multi-basin drilling portfolio provides flexibility to offset inflationary pressures and to focus on plays with the highest rates of return.

EOG acknowledges that prices for crude oil, natural gas, and NGLs have historically been volatile, and this volatility is expected to continue due to various economic and political uncertainties.

EOG is monitoring and assessing climate change-related developments, including the SEC's climate-related disclosure rules, to determine the impact on its business and operations.

EOG acknowledges that the market for drilling and completion services and related labor and materials will continue to fluctuate, which could impact operating costs and capital expenditures.

EOG is focused on being among the lowest-cost, highest-return and lowest-emissions producers, aiming to maximize shareholder value through efficient operations and strategic capital allocation.

EOG implements its strategy primarily by emphasizing the drilling of internally generated prospects in order to find and develop low-cost reserves.

EOG's multi-basin drilling portfolio allows it to focus on plays with the highest rates of return and to mitigate the impact of fluctuating market conditions and inflationary pressures.

EOG continues to focus on improving well performance and operating efficiencies, which includes applying its horizontal drilling and completion expertise to unconventional plays.

EOG is focused on increasing its drilling, completion and operating efficiencies to offset the inflationary pressures it has experienced.

Operating and maintenance costs fluctuate as EOG increases its operating activities by drilling new wells in existing and new areas.

EOG is emphasizing its horizontal drilling and completion expertise in unconventional crude oil and natural gas plays.

EOG utilizes financial commodity derivative instruments, primarily price swap, option, swaption, collar and basis swap contracts, as a means to manage price risk.

EOG uses data and analysis to evaluate potential exploration and development prospects and to improve well performance and operating efficiencies.

EOG is committed to returning a minimum of 70% of annual net cash provided by operating activities, less total capital expenditures, to stockholders through dividends and share repurchases.

EOG repurchased 6.4 million shares of common stock for $750 million during the quarter, with $3.3 billion remaining available under the November 2021 authorization.

EOG plans to focus a substantial portion of its exploration and development expenditures in its major producing areas in the United States, particularly in the Delaware Basin, Eagle Ford, Rocky Mountain area and Utica.

EOG is monitoring and assessing climate change-related developments, including the SEC's climate-related disclosure rules, to determine the impact on its business and operations.

EOG emphasizes efficient and safe operations and robust environmental stewardship practices and performance as integral to its strategy.

EOG is focused on being among the lowest-cost, highest-return and lowest-emissions producers, playing a significant role in the long-term future of energy.

EOG acknowledges that prices for crude oil, natural gas, and NGLs have historically been volatile, and this volatility is expected to continue due to various economic and political uncertainties.

While inflationary pressures on operating costs and capital expenditures have diminished, EOG acknowledges that the market for drilling and completion services will continue to fluctuate.

EOG's strategy focuses on maximizing the rate of return on investment, allowing it to navigate fluctuating energy market conditions.