The energy sector has gotten off to a slow start in 2024. Despite oil's bounce off the $70 mark amid geopolitical tensions in the Red Sea and domestic natural gas prices that have risen with cold weather moving through, investors have reverted to mega-cap tech to start the year. That leaves some domestic oil and gas companies as attractively valued, particularly after weakness late in 2023. I see shares of EOG Resources Inc. (EOG, Financial) as undervalued. The company remains committed to returning capital ...

Dilok Klaisataporn We're well into 2024, and the dividend increases have been significant. It continues to be an excellent environment for dividend investing. As an investor utilizing a dividend-growth strategy, I always look forward to receiving dividends, especially dividend increases. I have observed that companies that regularly increase their dividend payouts perform significantly better than those that do not. I constantly monitor these companies and am happy to share my insights on upcoming dividend ...

EOG Resources, Inc. (EOG) , a leading exploration and production company, is likely to see earnings growth of almost 7% this year.Factors Working in FavorThe price of West Texas Intermediate crude is at more than the $70 per barrel mark again, which is highly favorable for upstream operations. EOG Resources, currently carrying a Zacks Rank #3 (Hold), is well-placed to capitalize on the promising business scenario. It has significant undrilled premium locations, resulting in a brightened production outlook.E ...

HOUSTON, Jan. 9, 2024 /PRNewswire/ -- EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss fourth quarter and full year 2023 results on Friday, February 23, 2024, at 9 a.m. Central time (10 a.m. Eastern time). Please visit the Investors/Events & Presentations page on the EOG website to access a live webcast of the conference call. If you are unable to listen to the live webcast, a replay will be available for one year.     If you have any questions, please contact Angie Lewis at 713- ...

EOG Resources, Inc. (NYSE:EOG) Goldman Sachs Energy, CleanTech & Utilities Conference January 4, 2024 9:00 AM ET Company Participants Billy Helms - President and Chief Operating Officer Conference Call Participants Neil Mehta - Goldman Sachs Umang Choudhary - Goldman Sachs Neil Mehta Alright, guys. We'll kick off here. So in our fireside chat here, we're going to have EOG. We're going to talk about balancing growth, returns and free cash flow. We're with Billy Helms, the President of EOG. Billy, thank you s ...

ClaudioVentrella Oil prices are finally making some headway as we approach the end of 2023. WTI peaked about three months ago just shy of $100, but as geopolitical fears ebbed, the bid to oil retreated. A weaker dollar in that span, normally a tailwind, didn't provide much of a Q4 boost. Still, domestic oil prices are significantly off the lows as a new bout of global supply uncertainty makes headlines. This bullish reversal may benefit key domestic oil and gas exploration and production companies. I have a ...

EOG Resources, Inc. Conference Call Summary Company Overview - **Company**: EOG Resources, Inc. (NYSE:EOG) - **Event**: BofA Securities Global Energy Conference - **Date**: November 14, 2023 Key Industry Insights - **Oil and Gas Market Volatility**: EOG acknowledges the volatility in oil and gas prices, with oil prices recently dropping by $20 and gas prices fluctuating significantly. The company emphasizes the importance of being a low-cost operator to navigate these fluctuations effectively [3][4][6]. - **Long-term Outlook**: EOG maintains a bullish long-term view on both oil and natural gas, highlighting the necessity for continued investment in the sector despite the ongoing energy transition discussions [8][9]. Financial Metrics and Strategy - **Breakeven and Returns**: EOG operates with a premium price deck of $40 for oil and $2.50 for natural gas, aiming for a 30% direct after-tax rate of return. The company focuses on reducing breakeven costs and achieving margin expansion [5][46]. - **Investment Philosophy**: The company prioritizes high returns over growth, investing in projects that can consistently improve returns year over year [4][5]. Exploration and Development - **Gas Portfolio Shift**: EOG is pivoting towards gas development, particularly in the Dorado and Utica plays, while still focusing on oil due to better margins [7][10]. - **Dorado Play**: This natural gas play in South Texas is expected to be significant for North America's LNG future. EOG has invested in infrastructure to reduce transportation costs, enhancing competitiveness [12][14][15]. - **Utica Play**: EOG is revisiting the Utica with modern fracking technology, having previously explored it without success. The company is optimistic about the potential for improved recovery rates using new techniques [16][18][21]. Operational Efficiency - **Decentralized Operations**: EOG emphasizes a decentralized organizational structure, empowering local teams to make decisions based on real-time data, which enhances operational efficiency across its 16 plays in 9 basins [29][30]. - **Technology and Innovation**: Continuous improvement in completion designs and drilling techniques is a focus, with recent advancements leading to a 20% uplift in production rates in the Wolfcamp area [61][62]. M&A Considerations - **M&A Strategy**: EOG is cautious about pursuing M&A opportunities, preferring to focus on organic growth and exploration. The company evaluates potential acquisitions based on their ability to enhance existing returns rather than simply adding production [32][33][34]. Inventory and Future Outlook - **Resource Base**: EOG claims to have approximately 10 billion barrels of equivalent resources with a finding and development cost of less than $10 per BOE, providing a 30-year production outlook at current rates [47][48]. - **Double Premium Strategy**: The company has set a target of achieving a double premium return of 60% at the $40 oil and $2.50 natural gas price deck, reflecting a commitment to high-return projects [46][50]. Conclusion EOG Resources, Inc. is strategically positioned to navigate the volatile oil and gas market through a focus on low-cost operations, innovative technology, and a diversified portfolio. The company's commitment to organic growth and operational efficiency, combined with a cautious approach to M&A, underscores its long-term vision for sustainable returns in the energy sector.

(1) LOE, Transportation, Gathering & Processing, G&A (non-GAAP), DD&A and Total Exploration Costs. See slide 11 of Supplemental Presentation and accompanying reconciliation schedules for related data. (2) 2014-2022 Average Realized Price of $62.23 for Oil, $3.21 for Natural Gas and $23.41 for NGLs. Premium Drilling $86 $42 (1) ROCE, a non-GAAP measure, defined and reconciled in accompanying schedules. Does not include the impact of derivative contracts. (2) Calculated using $3.42 Henry Hub Natural Gas Price ...

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, 2023 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 47-0684 ...

Financial Performance & Shareholder Returns - Regular dividend represents a $1.9 billion annual cash return commitment to shareholders[2] - EOG generated $1.0 billion in free cash flow in 2Q 2023[46] - Year-to-date, approximately 67% of free cash flow has been committed, including $1.9 billion for regular dividends, $0.6 billion for share buybacks, and $0.6 billion for special dividends[21, 22] Resource Base & Cost Structure - EOG possesses 10 billion Boe of resources with a cost of less than $10/Boe across its multi-basin portfolio[3] - Premium drilling finding & development cost is $5.13/Boe[5] - Premium drilling operating cost excluding taxes & interest is $22.59/Boe[11] Operational Efficiency & Returns - EOG's premium drilling strategy targets a 30% direct ATROR (After-Tax Rate of Return) at flat $40 oil and $2.50 natural gas prices[3, 28] - 2022 performance in Wolfcamp shows significantly higher cumulative production than required to meet the premium hurdle rate[19] - EOG achieved a 99.9% wellhead gas capture rate[52, 67] Emissions Reduction - EOG exceeded near-term GHG and methane emissions targets 3 years ahead of schedule[46] - EOG is aiming for net-zero Scope 1 and Scope 2 GHG emissions by 2040[66]