EOG continues to emphasize horizontal drilling and completion expertise in unconventional crude oil and natural gas plays, particularly in the Delaware Basin and Eagle Ford plays. This is part of their strategy to maximize long-term shareholder value.

EOG completed one net developmental well and one net exploratory well from the Osprey B platform in Trinidad and continues to prepare for drilling an exploration well in Australia. These international projects are part of their strategy to diversify their portfolio.

Management believes EOG has one of the strongest prospect inventories in EOG's history. When it fits EOG's strategy, EOG will make acquisitions that bolster existing drilling programs or offer incremental exploration and/or production opportunities.

EOG plans to continue its focus on increasing its drilling, completion and operating efficiencies and improving the performance of its wells. This is part of their strategy to maintain a low-cost structure.

EOG maintains a strong financial and liquidity position, including $6.1B of cash and cash equivalents and $1.9B of availability under its senior unsecured revolving credit facility. This provides flexibility for future investments and operations.

EOG's strategy focuses on maximizing the rate of return on investment of capital by controlling operating costs and capital expenditures and maximizing reserve recoveries. Each prospective drilling location is evaluated by its estimated rate of return.

Prices for crude oil and condensate, natural gas liquids and natural gas have historically been volatile and this volatility is expected to continue due to uncertainties in the global political and economic environment.

EOG will continue to monitor and assess any climate change-related developments, including the SEC's climate-related disclosure rules adopted in March 2024, that could impact EOG and the oil and gas industry.

EOG is subject to various suits and claims, as well as changes in government policies, laws, and regulations, including those related to climate change, taxes, environmental, health and safety, and financial derivatives.

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

One of management's key strategies is to maintain a strong balance sheet with a consistently below average debt-to-total capitalization ratio as compared to those in EOG's peer group.

EOG continues to focus on improving well performance and operating efficiencies, as well as evaluating potential crude oil and condensate, NGLs and natural gas exploration and development prospects.

EOG plans to continue its focus on increasing its drilling, completion and operating efficiencies and improving the performance of its wells, which has allowed EOG to largely offset the inflationary pressures it experienced.

Maintaining the lowest possible operating cost structure, coupled with efficient and safe operations and robust environmental stewardship practices and performance, is integral in the implementation of EOG's strategy.

EOG has placed an emphasis on applying its horizontal drilling and completion expertise to unconventional crude oil plays and natural gas plays.

EOG continues to evaluate certain potential crude oil and condensate, NGLs and natural gas exploration and development prospects.

EOG is looking for opportunities to add drilling inventory through leasehold acquisitions, farm-ins, exchanges or tactical or bolt-on acquisitions.

Subsequent to September 30, 2024, the Board increased the Share Repurchase Authorization from $5 billion to $10 billion, effective November 7, 2024.

On November 7, 2024, the Board increased the quarterly cash dividend on the common stock from the previous $0.91 per share to $0.975 per share, effective beginning with the dividend payable on January 31, 2025.

EOG has committed to return a minimum of 70% of annual net cash provided by operating activities before certain balance sheet-related changes, less total capital expenditures, to stockholders, through a combination of quarterly dividends, special dividends and share repurchases.

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.

Maintaining the lowest possible operating cost structure, coupled with efficient and safe operations and robust environmental stewardship practices and performance, is integral in the implementation of EOG's strategy.

EOG will continue to monitor and assess any climate change-related developments, including the SEC's climate-related disclosure rules adopted in March 2024, that could impact EOG and the oil and gas industry.

Prices for crude oil and condensate, natural gas liquids and natural gas have historically been volatile and this volatility is expected to continue due to uncertainties in the global political and economic environment.

The market prices of crude oil and condensate, NGLs and natural gas impact the amount of cash generated from EOG's operating activities, which, in turn, impact EOG's financial position and results of operations.

EOG will continue to monitor and assess any climate change-related developments, including the SEC's climate-related disclosure rules adopted in March 2024, that could impact EOG and the oil and gas industry.