EOG entered into a definitive agreement to purchase properties adjacent to its core acreage in the Eagle Ford play for approximately $275 million. This transaction closed in April 2025, indicating a strategic move to consolidate and expand its position in a key area.

A subsidiary of EOG signed an exploration participation agreement with Bapco Energies B.S.C. (Closed) to evaluate a gas exploration project in the Kingdom of Bahrain. This signifies EOG's continued interest in international exploration opportunities.

Total 2025 capital expenditures are estimated to range from approximately $5.8 billion to $6.2 billion, indicating a continued commitment to exploration and development activities. A substantial portion will be focused on major producing areas in the United States.

EOG continues to focus on initiatives to increase its drilling, completion, and operating efficiencies and improve well performance. These efforts are aimed at mitigating inflationary pressures and improving overall operational execution.

On April 1, 2025, EOG repaid upon maturity the $500 million aggregate principal amount of its 3.15% Senior Notes due 2025. This demonstrates effective management of debt obligations and financial stability.

At March 31, 2025, EOG maintained a strong financial and liquidity position, including $6.6 billion of cash and cash equivalents on hand and $1.9 billion of availability under its senior unsecured revolving credit facility.

Prices for crude oil and condensate, natural gas liquids (NGLs) and natural gas have historically been volatile. This volatility is expected to continue due to uncertainties associated with the world political and economic environment.

While EOG has seen diminished inflationary pressures, there is no assurance that the inflationary pressures experienced by EOG in prior periods will not resume. This could impact EOG's ability to conduct its future day-to-day drilling, completion and production operations.

The company acknowledges the need to monitor and assess climate change-related developments that could impact EOG and the oil and gas industry. These developments could have regulatory and operational implications.

EOG will be focused on United States drilling activity in its plays where it generates the highest rates of return - specifically, in the Delaware Basin, Eagle Ford, Utica and Rocky Mountain area. This indicates a strategic focus on maximizing profitability in key regions.

EOG continues to evaluate other select crude oil and natural gas opportunities outside the United States, primarily by pursuing exploration opportunities in countries where crude oil and natural gas reserves have been identified.

Management continues to believe 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.

Operating expenses of $3,810 million were $42 million lower than the $3,852 million incurred during the first quarter of 2024. This indicates ongoing efforts to manage and control costs.

Lease and well expenses of $401 million for the first quarter of 2025 increased $5 million from $396 million for the same prior year period primarily due to increased operating and maintenance costs in the United States and Trinidad.

GP&T costs of $440 million for the first quarter of 2025 increased $27 million from $413 million for the same prior year period primarily due to increased GP&T costs related to increased production in the Permian Basin and Utica, as well as increased third-party fees in the Utica.

EOG's downhole drilling motor program has resulted in increased footage drilled per day and, in turn, reduced drilling times. This reflects a commitment to technological advancements to improve operational efficiency.

Enhanced techniques for completing its wells has resulted in increased footage completed per day and pumping hours per day, indicating a focus on optimizing well performance through innovative completion methods.

Drilling extended laterals has resulted in a decrease in cost per foot drilled, demonstrating a focus on cost-effective innovation in drilling practices.

During the three months ended March 31, 2025, EOG repurchased 6.2 million shares of common stock for approximately $788 million. This reflects a continued commitment to returning capital to shareholders through share repurchases.

On February 27, 2025, the Board declared a quarterly cash dividend on the common stock of $0.975 per share. This consistent dividend payout demonstrates a commitment to shareholder returns.

In November 2023, EOG announced an increase in its cash return commitment - specifically, a commitment, effective beginning with fiscal year 2024, 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.

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 that could impact EOG and the oil and gas industry, to determine the impact on its business and operations, and take appropriate actions where necessary.

EOG's ability to successfully and economically develop, implement and carry out its emissions and other environmental or safety-related initiatives and achieve its related targets, goals, ambitions and initiatives is a key factor.

Prices for crude oil and condensate, natural gas liquids (NGLs) and natural gas have historically been volatile. This volatility is expected to continue due to the many uncertainties associated with the world political and economic environment.

Market prices for NGLs are influenced by the components extracted, including ethane, propane and butane and natural gasoline, among others, and the respective market pricing for each component.

Competition in the oil and gas exploration and production industry for the acquisition of licenses, concessions, leases and properties is a risk factor.