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    EOG Resources Inc (EOG)

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    EOG Resources, Inc. is one of the largest independent crude oil and natural gas companies in the United States, with operations primarily in the U.S. and Trinidad and Tobago, and exploration activities in select international areas such as Australia. The company focuses on exploring, developing, producing, and marketing crude oil, natural gas liquids (NGLs), and natural gas . EOG emphasizes being a low-cost, high-return, and low-emissions producer, with a strategy centered on maximizing return on investment by controlling operating costs and capital expenditures while maximizing reserve recoveries .

    1. Crude Oil and Condensate - Engages in the exploration, development, and production of crude oil and condensate, which are the largest contributors to the company's revenue.
    2. Natural Gas Liquids (NGLs) - Involves the extraction and marketing of natural gas liquids, contributing significantly to the company's operations.
    3. Natural Gas - Focuses on the exploration, production, and marketing of natural gas, supporting the company's diverse energy portfolio.
    4. Financial Commodity Derivative Contracts and Other Sources - Includes gains from financial commodity derivative contracts and other revenue sources, enhancing the company's total operating revenue.
    NamePositionExternal RolesShort Bio

    Ezra Y. Yacob

    ExecutiveBoard

    Chairman of the Board and CEO

    None

    Joined EOG in 2005; became CEO in October 2021 and Chairman in October 2022; previously served as President and EVP, Exploration and Production.

    View Report →

    Ann D. Janssen

    Executive

    EVP and CFO

    None

    Joined EOG in 1995; became CFO in January 2024; previously SVP and Chief Accounting Officer.

    Jeffrey R. Leitzell

    Executive

    EVP and COO

    None

    Joined EOG in 2008; became COO in December 2023; previously EVP, Exploration and Production, and VP/GM of Midland office.

    Lloyd W. Helms, Jr.

    Executive

    President

    None

    Joined EOG in 1981; currently President; announced retirement effective May 31, 2024; previously COO and EVP, Exploration and Production.

    Michael P. Donaldson

    Executive

    EVP, General Counsel, and Corporate Secretary

    None

    Joined EOG in 2007; became EVP, General Counsel, and Corporate Secretary in April 2016; previously Deputy General Counsel and Corporate Secretary.

    Charles R. Crisp

    Board

    Director

    Director at Targa Resources Corp. and Targa Resources GP, LLC

    Joined EOG's Board in 2002; over 50 years of experience in the energy sector; former director at Southern Company Gas and Intercontinental Exchange.

    Janet F. Clark

    Board

    Director

    Director at Texas Instruments; Board Member at Resources for the Future

    Joined EOG's Board in 2014; Chair of the Nominating, Governance, and Sustainability Committee; former CFO of Marathon Oil and El Paso Corporation.

    Julie J. Robertson

    Board

    Director

    Chair of the Board at Seadrill Limited; Director at Superior Energy Services and Patterson-UTI Energy

    Joined EOG's Board in 2019; former Chairman, President, and CEO of Noble Corporation; over 40 years of experience in the oil and gas industry.

    Lynn A. Dugle

    Board

    Director

    Director at Micron Technology, KBR, and TE Connectivity

    Joined EOG's Board in March 2023; former CEO of Engility Holdings; held senior roles at Raytheon and ADC Telecommunications.

    Michael T. Kerr

    Board

    Director

    Director at Kerry Group plc

    Joined EOG's Board in 2020; former equity portfolio manager at Capital Group; extensive experience in oil and gas investment.

    Robert P. Daniels

    Board

    Director

    Director at MicroSeismic, Inc.

    Joined EOG's Board in 2017; former EVP at Anadarko Petroleum; over 30 years of experience in oil and gas exploration and production.

    1. With the recent increase in your share repurchase authorization and intention to refinance debt maturities, how do you plan to manage your capital structure dynamically as EBITDA grows, and would you consider returning a higher percentage of free cash flow even if it results in a net debt position?

    2. Given the success of your pilot carbon capture project, are there plans to expand this initiative beyond internal operations to include third-party projects, and how might this impact your long-term sustainability strategy?

    3. Regarding the Utica play, can you provide more clarity on the prospectivity of the western side, particularly in the black oil or volatile oil window, and what are the observed well decline rates compared to typical oil or gas wells?

    4. In light of the recent elections creating volatility in the markets, how do you anticipate the outcomes will affect your operations and strategy, especially concerning potential regulatory changes and your approach to stakeholder engagement?

    5. Considering the consistent upward revisions to your gas production guidance each quarter, does this outperformance accelerate any of your midstream development timelines, and how might this impact your capital expenditure plans for projects like the Janus gas plant?

    Program DetailsProgram 1
    Approval DateNovember 2021
    End Date/DurationNo time limit
    Total additional amount$5 billion
    Remaining authorization amount$1.8 billion (as of September 30, 2024)
    DetailsThe program allows for repurchase at management's discretion based on market conditions and other factors. It can be modified, suspended, or terminated at any time.
    YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
    2025500Senior Notes3.1513.2% = (500 / 3,776) * 100
    N/A3,276Other Senior NotesN/A86.8% = (3,276 / 3,776) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    This entity is listed as one of the peer companies used for performance comparisons during the defined performance period.

    This entity is listed as one of the peer companies used for performance comparisons during the defined performance period.

    This entity is listed as one of the peer companies used for performance comparisons during the defined performance period.

    This entity is listed as one of the peer companies used for performance comparisons during the defined performance period.

    This entity is listed as one of the peer companies used for performance comparisons during the defined performance period.

    Marathon Oil Corporation

    This entity is listed as one of the peer companies used for performance comparisons during the defined performance period.

    This entity is listed as one of the peer companies used for performance comparisons during the defined performance period.

    This entity is listed as one of the peer companies used for performance comparisons during the defined performance period.

    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP2002 PresentCurrent auditor

    Recent press releases and 8-K filings for EOG.

    EOG Resources Q1 2025 8-K Report Update
    EOG
    Earnings
    Guidance Update
    • EOG Resources filed an 8-K for Q1 2025 on April 10, 2025, detailing operational results and risk disclosures.
    • The report highlights that the company paid net cash of $38 million for settling financial commodity derivative contracts and explains that no cash was received for its Brent Linked Gas Sales Contract, with deliveries expected to commence in January 2027.
    Apr 10, 2025, 12:00 AM