EOG Resources(EOG)
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EOG Resources(EOG) - 2022 Q4 - Annual Report
2023-02-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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) Identification No.) 1111 ...
EOG Resources, Inc. (EOG) Goldman Sachs Global Energy and Clean Technology Conference (Transcript)
2023-01-06 19:49
EOG Resources, Inc. Conference Call Summary Company Overview - **Company**: EOG Resources, Inc. (NYSE:EOG) - **Event**: Goldman Sachs Global Energy and Clean Technology Conference - **Date**: January 6, 2023 Key Industry Insights - **Energy Sector Performance**: The energy sector has seen significant achievements over the past year, with expectations for continued growth [3][2] - **EOG's Competitive Position**: EOG is differentiated by its multi-basin portfolio, which allows for operational efficiencies and technology transfer across different assets [4][5] Core Company Strategies 1. **Investment Decisions**: - EOG's investment strategy is based on a pricing deck of $40 WTI oil and $2.50 natural gas, ensuring new projects meet a minimum 30% return, with many achieving 60% [5][6] 2. **Operational Efficiency**: - EOG focuses on being a low-cost operator through technology that enhances operational efficiencies and reduces well costs [6][7] - The company has integrated various parts of the value chain, including sand, chemicals, and water, to lower costs [6][7] 3. **Financial Policies**: - EOG aims to return a minimum of 60% of free cash flow to shareholders, with over $5 billion returned in the past year [7][8] - The company has a strong balance sheet with low debt, allowing for counter-cyclical investments [8][9] 4. **Environmental Leadership**: - EOG is committed to reducing emissions and has implemented technologies for carbon capture and continuous methane monitoring [8][9] 5. **Company Culture**: - EOG emphasizes a decentralized, entrepreneurial culture that fosters innovation and efficiency among its employees [9] Market Outlook - **Oil and Gas Forecast**: - EOG anticipates muted growth in U.S. oil production due to supply chain constraints and lower rig utilization [11][12] - Global factors, including Russian sanctions and U.S. Strategic Petroleum Reserve (SPR) dynamics, are expected to tighten supply [12][13] - Demand uncertainties remain, particularly regarding potential recession impacts and China's recovery from COVID-19 [14][15] Asset Development and Capital Allocation - **Dorado Natural Gas Play**: - EOG has identified over 1,000 locations in the Dorado play, with potential recoverable resources of 20 trillion cubic feet (Tcf) [19][20] - The company is focused on optimizing well productivity and reducing costs through continuous learning and infrastructure development [21][22] - **Utica and Other Assets**: - EOG is exploring the Utica play, focusing on liquids rather than gas, with confidence in improved completion techniques [36][37] - The company is maintaining a disciplined approach to its core assets, including the Permian and Eagle Ford, while managing costs amid inflationary pressures [28][31] Return of Capital Strategy - EOG's net cash position allows for strategic acquisitions and opportunistic investments, reinforcing its commitment to returning capital to shareholders [56][57] - The company plans to maintain a focus on shareholder value creation through disciplined capital allocation and reinvestment in high-return projects [58][59] Conclusion - EOG Resources is well-positioned in the energy sector with a strong operational strategy, commitment to shareholder returns, and a focus on sustainability and innovation. The company is navigating a complex market landscape while maintaining a disciplined approach to capital allocation and asset development.
EOG Resources, Inc. (EOG) 2022 BofA Securities Global Energy Conference (Transcript)
2022-11-17 16:13
EOG Resources, Inc. (NYSE:EOG) 2022 BofA Securities Global Energy Conference November 17, 2022 8:45 AM ET Company Participants Ken Boedeker - EVP, Exploration and Production Conference Call Participants Doug Leggate - BofA Securities Dan Lungo - BofA Securities Doug Leggate So, folks, again, I know we have a lot of parallel meetings and one-on-ones and so on going on, but we are delighted to have Ken Boedeker, EVP of Exploration and Production of EOG. We just heard a discussion in the last session about inv ...
EOG Resources(EOG) - 2022 Q3 - Earnings Call Transcript
2022-11-04 17:13
EOG Resources Inc. (NYSE:EOG) Q3 2022 Results Conference Call November 4, 2022 10:00 AM ET Company Participants Tim Driggers - CFO Ezra Yacob - Chairman of the Board Billy Helms - President and Chief Operating Officer Ken Boedeker - EVP, Exploration and Production Lance Terveen, - Senior VP, Marketing Conference Call Participants Neal Dingmann - Truist Securities Leo Mariani - MKM Partners Doug Leggate - BofA Securities Scott Gruber - Citigroup Charles Meade - Johnson Rice & Company Bob Brackett - Sanford C ...
EOG Resources(EOG) - 2022 Q3 - Quarterly Report
2022-11-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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) Delaware 47-0684736 (State or other jurisdiction of incorporation or organizati ...
EOG Resources(EOG) - 2022 Q2 - Earnings Call Transcript
2022-08-05 18:29
EOG Resources, Inc. (NYSE:EOG) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants Tim Driggers - Chief Financial Officer Ezra Yacob - Chief Executive Officer Billy Helms - President and Chief Operating Officer Ken Boedeker - EVP, Exploration and Production Jeff Leitzell - EVP, Exploration and Production Lance Terveen - SVP, Marketing Conference Call Participants Leo Mariani - MKM Partners Arun Jayaram - JPMorgan Chase Scott Hanold - RBC Capital Markets Scott Gruber - Citigroup ...
EOG Resources(EOG) - 2022 Q2 - Earnings Call Presentation
2022-08-05 17:30
Value Matters 2Q 2022 David Streit, Vice President IR (713) 571-4902, dstreit@eogresources.com Neel Panchal, Director IR (713) 571-4884, npanchal@eogresources.com Sustainable Value Creation Through Industry Cycles Consistent Strategy to Maximize Long-Term Shareholder Value EOG is focused on being among the lowest cost, highest return and lowest emissions producers, playing a significant role in the long-term future of energy. Returns-Focused Disciplined Growth $ Significant Free Cash Flow Sustainability Lea ...
EOG Resources(EOG) - 2022 Q2 - Quarterly Report
2022-08-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 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) Delaware 47-0684736 (State or other jurisdiction of incorporation or organization) ( ...
Company Conference Presentation
2022-07-01 14:48
Value Matters J.P. Morgan Energy, Power and Renewables Conference Billy Helms President and Chief Operating Officer EOG Resources – Investment Checklist | --- | --- | --- | |-------|-------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | Criteri ...
EOG Resources, Inc.'s (EOG) Management Presents at J.P. Morgan Energy, Power and Renewables Conference (Transcript)
2022-06-22 13:43
EOG Resources, Inc. (NYSE:EOG) J.P. Morgan Energy, Power and Renewables Conference Call June 22, 2022 7:40 AM ET Company Participants Billy Helms - President and Chief Operating Officer Conference Call Participants Arun Jayaram - J.P. Morgan Arun Jayaram Welcome back to our J.P. Morgan Energy Conference. This is the seventh year. We've had the conference in New York City, but as you know, for the last couple of years, we've been in a virtual mode. So, couple of things I'm excited about as we have a fantasti ...