Julie Robertson
EOG RESOURCESAbout Julie J. Robertson
Julie J. Robertson (age 69) has served on EOG’s Board since 2019 and brings four decades of oil and gas industry experience, primarily in offshore drilling services through senior leadership roles at Noble Corporation plc, including Executive Chairman (May 2020–Feb 2021) and Chairman, President & CEO (Jan 2018–May 2020) . She is independent under EOG’s bylaws and NYSE/SEC standards, with the Board affirming independence after reviewing potential affiliations; she is one of eight independent directors on a nine-member Board . The Board held eight meetings in 2024 and each director attended at least 75% of Board and relevant committee meetings; all directors attended the 2024 annual meeting .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Noble Corporation plc | Executive Chairman | May 2020–Feb 2021 | Oversight of offshore drilling operations and governance |
| Noble Corporation plc | Chairman, President & CEO | Jan 2018–May 2020 | Led strategic and operational turnaround during industry volatility |
| Noble Corporation plc | Executive Vice President | 2006–Jan 2018 | Senior management across administration and operations |
| Noble Corporation plc | Senior Vice President — Administration | 2001–2006 | Administrative leadership |
| Noble Corporation plc | Vice President — Administration | 1996–2001 | Administrative leadership |
| Noble Corporation plc | Corporate Secretary | 1993–2018 | Continuous governance and disclosure stewardship |
| Noble (predecessor subsidiary) | Various roles | Joined 1979 | 40-year drilling services sector experience |
External Roles
| Organization | Role | Tenure | Committees |
|---|---|---|---|
| Seadrill Limited (public) | Chair of the Board | Since 2022 | Chair of Joint Nomination and Remuneration Committee |
| Patterson-UTI Energy, Inc. (public) | Director | Since 2022 | Audit Committee member; Chair of Nominating & Corporate Governance Committee |
| Superior Energy Services, Inc. (private) | Director | Since 2021 | Board oversight at specialized oilfield services firm |
Board Governance
- Committee assignments: Chair, Compensation & Human Resources Committee; Member, Audit Committee; Member, Nominating, Governance & Sustainability Committee .
- Committee meeting cadence in 2024: Audit (8 meetings), Compensation (5), Nominating (4); all committees comprised exclusively of independent directors .
- Independence: Board determined Robertson has no material relationship; independence affirmed under bylaws and NYSE/SEC rules .
- Attendance: Board met 8 times in 2024; each director attended at least 75% of Board and committee meetings; all directors attended the 2024 annual meeting .
- Governance processes: Compensation Committee uses an independent consultant (Meridian) and follows a quarterly agenda including goal-setting, benchmarking, LTI awards, and ownership guideline reviews .
Fixed Compensation
| Component (2024) | Amount | Notes |
|---|---|---|
| Annual cash fees (Fees Earned or Paid in Cash) | $110,000 | Actual cash paid/earned for 2024 |
| Program annual cash retainer (policy) | $100,000 | Non-employee director retainer set for 2024–2025 term |
| Committee chair fee (policy) | $20,000 | Annual fee for chairs of Audit, Compensation, Nominating |
| Presiding director fee (policy) | $20,000 | Annual fee (if applicable) |
| All Other Compensation | $10,900 | Charitable matching contributions; lower than peers who received $93k–$100k |
- Deferral Plan: Directors may defer cash fees into a flexible deferral account (indexed to funds) or a phantom stock account (treated as purchases of EOG stock with dividend reinvestment); four directors deferred cash fees in 2024 .
Performance Compensation
| Equity Award | Grant Date | Units | Grant Fair Value | Vesting | Dividends/Deferral | Performance Conditions |
|---|---|---|---|---|---|---|
| RSUs (2021 Stock Plan) | May 28, 2024 | 1,589 | $199,976 | 100% after one year | May be deferred into phantom stock; dividends credited if deferred | None (time-based vesting) |
| Unvested RSU market value (12/31/2024) | — | 1,589 | $194,780 | — | Valued at $122.58 closing price on 12/31/2024 | — |
- Program structure: Each non-employee director received RSUs valued at $200,000 upon re-election (units rounded down based on May 28, 2024 close of $125.85) .
Other Directorships & Interlocks
| Company | Sector Relation to EOG | Potential Interlock/Conflict Vector | Board’s Independence Determination |
|---|---|---|---|
| Seadrill Limited | Offshore drilling services; sector vendor | Potential services ecosystem overlap with EOG’s operations | Board reviewed transactions with entities where directors are affiliated and deemed relationships not material; independence affirmed |
| Patterson-UTI Energy, Inc. | Drilling/pressure pumping; sector vendor | Potential services to EOG or peers | Independence affirmed after considering such relationships |
| Superior Energy Services, Inc. | Specialized oilfield services | Potential services ecosystem overlap | Independence affirmed |
The Board explicitly considered transactions for midstream/oilfield services and payments for oil and gas between EOG and entities affiliated with directors and found no material conflicts; no Code of Conduct waivers were granted .
Expertise & Qualifications
- Oil & gas drilling services expertise from a 40-year career at Noble, including CEO and Executive Chairman roles, providing deep operational and industry insights relevant to E&P oversight .
- Human resources and compensation oversight capability, reflected in chairing EOG’s Compensation Committee and leading related governance processes .
- Audit committee service contributes financial literacy and risk oversight; Board noted all Audit members are financially literate, with designated financial experts among committee members .
Equity Ownership
| Metric (as of March 15, 2025; 60-day look-forward to May 14, 2025) | Amount | Definition/Notes |
|---|---|---|
| Shares Beneficially Owned | 12,133 | Includes shares with voting/investment power and those vesting within 60 days |
| Stock-Settled SARs Exercisable by 5/14/2025 | 0 | None listed for Robertson |
| Total Beneficial Ownership | 12,133 | Sum of shares and exercisable SARs |
| RSUs/Performance Units/Phantom Shares | 1,589 | Unvested RSUs or phantom shares |
| Total Ownership (including RSUs/phantom) | 13,722 | Beneficial + RSUs/phantom |
- Director stock ownership guidelines: Non-employee directors must hold EOG stock (including phantom stock) equal to 5x the annual cash retainer; compliance required within 5 years from the later of initial election or April 30, 2019; sale restrictions apply for non-compliant directors post-RSU vesting .
Governance Assessment
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Strengths:
- Independent director with substantial sector expertise; chairs Compensation and serves on Audit and Nominating, indicating high trust and centrality in governance .
- Compensation Committee employs an independent consultant (Meridian), quarterly discipline, and peer benchmarking—positive for pay-for-performance integrity .
- Ownership alignment supported by RSU grants and stringent 5x retainer stock ownership guidelines with compliance timeline and holding requirements .
- Attendance threshold met; full Board participation at annual meeting—supports engagement .
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Potential watch items:
- External roles at oilfield services firms (Seadrill, Patterson-UTI, Superior) inherently present ecosystem overlaps; Board reviewed and affirmed independence, but investors should monitor related-party disclosures and services transactions each year .
- Director equity awards are time-based RSUs without performance conditions; while common for directors, this provides alignment but not performance linkage—ensure executive pay remains rigorously performance-conditioned .
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Red flags: None disclosed specific to Robertson (no related party conflicts identified; no Code of Conduct waivers; Compensation Committee interlocks explicitly reported as none) .