EOG Resources, Inc. (NYSE:EOG) J.P. Morgan Energy, Power and Renewables Conference June 17, 2024 1:45 PM ET Company Participants Jeffrey R. Leitzell - EVP and COO Conference Call Participants Arun Jayaram - J.P. Morgan Arun Jayaram All right. Good afternoon, and welcome to day one of our Ninth Annual Energy Conference. Excited to have EOG Resources to kick-off our E&P presentations from day one. Joining us today is EOG's Resources EVP and COO, Jeff Leitzell, who's been one of the pioneers in the shale indus ...

Through a wide range of acquisitions, divestitures, and asset swaps, EOG Resources has become one of the most diversified oil producers in North America. With a market cap of $69 billion, the company is the third-largest oil and gas exploration and production company in North America. Please note that this excludes Exxon Mobil (XOM) and Chevron (CVX), as these companies are major integrated oil companies due to substantial refining operations. As I have discussed in prior articles, the company has one of th ...

HOUSTON, June 4, 2024 /PRNewswire/ -- EOG Resources, Inc. (EOG) is scheduled to present at the J.P. Morgan Energy, Power and Renewables Conference at 12:45 p.m. Central time (1:45 p.m. Eastern time) on Monday, June 17. Jeffrey R. Leitzell, Executive Vice President and Chief Operating Officer, will present on behalf of EOG. Please visit the Investors/Events & Presentations page on the EOG website to access live webcasts and any available replays for up to one year. About EOG EOG Resources, Inc. (NYSE: EOG) i ...

Company Overview - EOG Resources, Inc. has a market capitalization of $70 billion and is recognized as one of the original unconventional players in the oil and gas industry, with a focus on organic exploration and growth [6][7]. - The company emphasizes delivering long-term shareholder value through capital discipline, operational excellence, sustainability, and a strong corporate culture [7][8][9]. Strategic Approach - EOG maintains a data-driven approach to mergers and acquisitions, focusing on returns and ensuring that any acquisition is additive to existing inventory [12][14]. - The company has approximately 10 billion barrels of equivalent resources across the U.S. and Trinidad, with a target after-tax rate of return of 30% at $40 oil and $2.50 natural gas prices [16][17]. Market Outlook - EOG anticipates a mid-cycle oil price range of $60 to $80, with historical averages around $65 over the past five years [22][23]. - The company notes that U.S. oil supply growth is becoming more challenging due to steep declines in tight resources and a lack of exploration among competitors [25][27]. Capital Allocation and Returns - EOG has generated positive free cash flow every year since 2015 and focuses on optimizing returns through capital allocation across its multi-basin portfolio [29][30]. - The company aims to return a minimum of 70% of its free cash flow to shareholders, primarily through regular dividends, which have been paid for 26 years [78][79]. Operational Efficiency - EOG has achieved well cost reductions through operational efficiencies, with a focus on high-quality equipment and stakeholder alignment [88][89]. - The company has implemented innovative drilling techniques and in-house control of drilling motors to enhance operational efficiency [90][91]. Environmental and Sustainability Initiatives - EOG is committed to reducing its Scope 1 emissions and has initiated a pilot project for carbon capture and storage, aligning its strategy with core competencies [51][52]. - The company has achieved zero routine flaring ahead of the World Bank initiative and is actively involved in measuring methane emissions [57][58]. Future Growth Opportunities - EOG sees potential growth in natural gas demand driven by LNG projects, data centers, and the retirement of coal-fired power plants [45][46]. - The company is well-positioned to capitalize on increasing demand through its multi-basin approach and strategic infrastructure projects [48][101].

Core Viewpoint - BP plc and EOG Resources are in discussions to develop a significant natural gas field off the coast of Trinidad and Tobago, which could enhance BP's natural gas portfolio [1][2]. Group 1: Project Details - The natural gas field holds nearly 1 trillion cubic feet (tcf) of natural gas, with plans to integrate it with another BP discovery, bringing the total potential development to 1.5 tcf [2]. - Initial production, referred to as "first gas," is expected by late 2026, aimed at supplying Trinidad's Atlantic LNG facility, where BP and Shell each hold a 45% equity stake [2][3]. Group 2: Strategic Importance - Trinidad and Tobago is the largest LNG exporter in Latin America and the second-largest exporter of methanol and ammonia globally, making the Atlantic LNG output significant for BP's LNG portfolio [3]. - The collaboration between BP and EOG Resources is a strategic effort to enhance gas production in Trinidad and Tobago, ensuring supply for domestic and international markets while supporting BP's broader ambitions in the LNG sector [6]. Group 3: Joint Venture and Future Plans - BP's Trinidad and Tobago division confirmed active negotiations with EOG Resources to form a joint venture for developing BP's Coconut field, with EOG set to be the project operator [4][5]. - BP is also collaborating with Woodside Energy to develop the Calypso gas discovery in deep waters, indicating a focus on larger discoveries for the company's future in the region [5].

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...

EOG Resources Inc (EOG) reported robust first-quarter 2024 results, with both earnings and revenues beating the Zacks Consensus Estimate.Although the quarterly results were strong, the stock price has dipped 1% since its earnings release on May 2, a movement unrelated to the company's fundamentals. It is cheap now, and the current affordability of the stock is evident from its trailing 12-month enterprise value-to-EBITDA (EV/EBITDA) ratio, which stands at 5.32, notably lower than the Zacks US Oil & Gas Expl ...

EOG Resources Inc (EOG) reported robust first-quarter 2024 results, with both earnings and revenues beating the Zacks Consensus Estimate. The company reported adjusted earnings per share of $2.82, which increased almost 5% year over year, while revenues came in at $6.1 billion, up 1.3% year over year.Good Entry Point for InvestorsAlthough the quarterly results were strong, the stock price fell 1.4%, a movement unrelated to the company's fundamentals, thereby making the stock cheap. The current affordability ...

1Q 2024 18 At the foundation of EOG's historical and future success are the employees who embrace and embody the EOG Culture. The company's decentralized, non-bureaucratic structure enables value creation in the field, at the asset level. Every person is a business person first and remains committed to returns, best-in-class exploration, technology leadership, collaborative, multi-disciplinary innovation, and responsible operations. EOG's Culture continues to be the most valuable asset driving a sustainable ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-9743 EOG RESOURCES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 47-0684736 (I.R.S. Employer Identification No.) 1111 Bagby, Sky Lobby 2, Houston, Texas 77002 (Address of principal executive offices) (Zip Code) 7 ...