EOG Resources(US:EOG)2023-08-04 12:33Financial 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]