EOG Resources, Inc. is a leading independent oil and gas company focused on exploring, developing, producing, and marketing crude oil, natural gas liquids (NGLs), and natural gas. The company's operations are primarily located in major producing basins in the United States, with a smaller presence in Trinidad and Tobago, and select international areas. EOG emphasizes a low-cost, high-return business model, focusing on maximizing the rate of return on invested capital. The company prioritizes internally generated prospects and utilizes advanced technologies to reduce risks and costs associated with exploration and production.

• Employees: 3,050 (as of December 31, 2023)
• Geographic Footprint: Primarily United States, with operations in Trinidad and Tobago and select international areas
• Headquarters: Houston, Texas
• Founded: 1985
• Revenue: $24.19 billion (FY2023)
• Market Cap: $66.53 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: EOG Resources Trinidad Limited

• CEO: Ezra Y. Yacob
• President: Lloyd W. Helms, Jr.
• CFO: Ann D. Janssen
• Chief Operating Officer: Jeffrey R. Leitzell
• General Counsel and Corporate Secretary: Michael P. Donaldson

Ezra Y. Yacob was appointed Chairman of the Board in October 2022 and CEO in October 2021. Lloyd W. Helms, Jr. was elected President in October 2021. Ann D. Janssen was elected CFO effective January 2024. Jeffrey R. Leitzell was elected Chief Operating Officer in December 2023. Michael P. Donaldson was elected Executive Vice President, General Counsel and Corporate Secretary in April 2016.

• Annual Revenue: $24.19 billion (FY2023)
• Net Income: $7.59 billion (FY2023)
• Market Cap: $66.53 billion (as of June 30, 2023)
• Total Assets: $43.86 billion (as of December 31, 2023)
• Employees: 3,050 (as of December 31, 2023)
• Key Financial Highlights: Net income decreased by 2% year-over-year. Average crude oil and condensate prices decreased by 19% year-over-year. Average NGLs prices decreased by 37% year-over-year. Average natural gas prices decreased by 63% year-over-year.

EOG's primary products are crude oil, natural gas liquids (NGLs), and natural gas.

• Crude Oil and Condensate: Explored for, developed, produced, and marketed in various U.S. basins and Trinidad.
• Natural Gas Liquids (NGLs): Extracted from natural gas production and sold at prevailing market prices.
• Natural Gas: Explored for, developed, produced, and marketed in various U.S. basins and Trinidad.

EOG's operations are primarily focused on crude oil and natural gas exploration and production. The company's reportable segments are the major United States producing areas, Trinidad, and other international areas. The majority of EOG's net proved reserves are located in the United States.

• United States: 99% of net proved reserves, on a crude oil equivalent basis.
• Trinidad: 1% of net proved reserves, on a crude oil equivalent basis.

EOG's business strategy emphasizes maximizing the rate of return on investment by controlling costs and capital expenditures, and maximizing reserve recoveries. The company focuses on innovation and cost-effective utilization of advanced technology, including three-dimensional seismic and microseismic data, reservoir simulation models, and improved drilling and completion technologies. EOG prioritizes drilling internally generated prospects to find and develop low-cost reserves. The company is focused on being among the lowest-cost, highest-return and lowest-emissions producers.

• Strategic Initiatives: Emphasis on drilling internally generated prospects, cost control, and technological innovation.
• Growth Drivers: Continued development in existing fields and expansion into new resource plays.
• Investment Priorities: Focus on high-return opportunities, primarily in U.S. basins.

EOG operates in the oil and gas exploration and production industry. The company competes with major integrated oil and gas companies, government-affiliated entities, and other independent oil and gas companies. The industry is subject to various regulations and market trends.

• Market Position: One of the largest independent crude oil and natural gas companies in the U.S.
• Key Competitors: Major integrated oil and gas companies, government-affiliated entities, and other independent oil and gas companies.
• Industry Trends: Volatility in commodity prices, increasing focus on environmental regulations, and technological advancements.

• Market Risks: Volatility in crude oil, NGLs, and natural gas prices, which can affect cash flows and profitability.
• Operational Risks: Risks associated with drilling, completing, and operating wells, including unexpected conditions, equipment failures, and adverse weather.
• Financial Risks: Dependence on commodity prices, potential inability to obtain financing on satisfactory terms, and counterparty risks.
• Regulatory Risks: Changes in environmental regulations, tax laws, and other government policies that could impact operations and costs.
• Climate Change Risks: Increasing focus on GHG emissions and climate change issues which could result in increased costs and reduced demand.