{"id":819631,"date":"2025-02-27T16:49:38","date_gmt":"2025-02-27T21:49:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eog-resources-reports-fourth-quarter-and-full-year-2024-results-announces-2025-capital-plan\/"},"modified":"2025-02-27T16:49:38","modified_gmt":"2025-02-27T21:49:38","slug":"eog-resources-reports-fourth-quarter-and-full-year-2024-results-announces-2025-capital-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eog-resources-reports-fourth-quarter-and-full-year-2024-results-announces-2025-capital-plan\/","title":{"rendered":"EOG Resources Reports Fourth Quarter and Full-Year 2024 Results; Announces 2025 Capital Plan"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n HOUSTON<\/span>
\n <\/span>, Feb. 27, 2025<\/span><\/span> \/PRNewswire\/ — EOG Resources, Inc. (EOG) today reported fourth quarter and full-year 2024 results. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP measures to GAAP measures and related definitions, along with a related presentation, are also available on EOG’s website at http:\/\/investors.eogresources.com\/investors<\/a><\/u>.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Key Financial Results<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n

\n In millions of USD, except per-share,\u00a0per-Boe\u00a0and ratio data<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n GAAP<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 4Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 3Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 4Q 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n FY 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n FY 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Total Revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,585<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,965<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,025<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,123<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,357<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23,698<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,186<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net Income<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,251<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,673<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,690<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,789<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,988<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,403<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,594<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net Income Per Share<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.23<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.95<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.95<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.42<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.25<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net Cash Provided by Operating Activities<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,763<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,588<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,889<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,903<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,104<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,143<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,340<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Total Expenditures<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,446<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,573<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,682<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,952<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,634<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,653<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,818<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Current and Long-Term Debt<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,752<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,776<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,784<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,791<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,799<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,752<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,799<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Cash and Cash Equivalents<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,092<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,122<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,431<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,292<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,278<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,092<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,278<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Debt-to-Total Capitalization<\/span>\n <\/p>\n<\/td>\n

\n

\n 13.9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.3\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13.9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Cash Operating Costs ($\/Boe)<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.37<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.52<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.19<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.33<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Non – GAAP<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Adjusted Net Income<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,535<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,644<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,807<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,626<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,783<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,612<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,825<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Adjusted Net Income Per Share<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.74<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.89<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.16<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.82<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.07<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.62<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.69<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n CFO before Changes in Working Capital<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,635<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,988<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,042<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,928<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,989<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,593<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,149<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Capital Expenditures<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,358<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,497<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,668<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,703<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,512<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,226<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,041<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Free Cash Flow<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,277<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,491<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,374<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,225<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,477<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,367<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,108<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net Debt<\/span>\n <\/p>\n<\/td>\n

\n

\n (2,340)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,346)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,647)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,501)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,479)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,340)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,479)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net Debt-to-Total Capitalization<\/span>\n <\/p>\n<\/td>\n

\n

\n (8.7\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (8.6\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (6.0\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5.5\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5.6\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (8.7\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5.6\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Cash Operating Costs ($\/Boe)1<\/b><\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 10.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.05<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.37<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.52<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.17<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.33<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n Fourth Quarter Highlights<\/b>\n <\/p>\n

\u00a0– Earned adjusted net income of $1.5 billion<\/span>, or $2.74<\/span> per share
\u00a0– Generated $1.3 billion<\/span> of free cash flow
\u00a0– Declared regular quarterly dividend of $0.975<\/span> per share and repurchased $981 million<\/span> of shares
\u00a0– Oil and gas volumes, and total per-unit operating costs better than guidance midpoints<\/p>\n

\n Full-Year 2024 Highlights and 2025 Capital Plan<\/b>\n <\/p>\n

\u00a0– Generated $5.4 billion<\/span> of free cash flow and returned $5.3 billion<\/span> to shareholders
\u00a0– Replaced 201% of 2024 production at a finding and development cost, excluding price revisions, of
\u00a0 \u00a0$7.03 per Boe (GAAP) and $6.68<\/span> per Boe\u00a0(Non-GAAP)
\u00a0– Reduced average well costs 6% across multi-basin portfolio
\u00a0– Announced $6.2 billion<\/span> 2025 capital plan to grow oil production 3% and total production 6%
\u00a0– EOG and Bapco Energies entered into a strategic participation agreement in Bahrain<\/span><\/p>\n

\n Volumes and Capital Expenditures<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0<\/span>\n <\/p>\n

\n \u00a0<\/span>\n <\/p>\n

\n
\n
\n Volumes<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/span>\n <\/p>\n

\n
\n
\n 4Q 2024<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 4Q 2024
Guidance
Midpoint<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 3Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 4Q 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n FY 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n FY 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Crude Oil and Condensate (MBod)<\/span>\n <\/p>\n<\/td>\n

\n

\n 494.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 493.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 493.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 490.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 487.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 485.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 491.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 475.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Natural Gas Liquids (MBbld)<\/span>\n <\/p>\n<\/td>\n

\n

\n 252.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 260.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 254.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 244.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 231.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 235.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 245.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 223.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Natural Gas (MMcfd)<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,092<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,075<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,970<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,872<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,858<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,831<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,948<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,711<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n Total Crude Oil Equivalent (MBoed)<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1,095.7<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,098.9<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,075.7<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,047.5<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,028.8<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,026.2<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,062.1<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 984.8<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n Capital Expenditures ($MM)<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1,358<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,330<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,497<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,668<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,703<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1,512<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 6,226<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 6,041<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n From Ezra Yacob<\/span>, Chairman and Chief Executive Officer
<\/b>“2024 was another year of strong execution for EOG. Oil and total volumes were higher than our original plan, capital expenditures were on target, and we continued to lower cash operating costs. We improved productivity and base production performance through innovations in completion design and artificial lift automation. Along with better productivity, sustainable efficiency improvements from extended laterals and EOG’s in-house drilling motor program helped lower well costs 6%. Our comprehensive marketing strategy continued to deliver peer-leading U.S. price realizations, further maximizing margins across our portfolio.\u00a02024 also marked another year of progress in the Utica and Dorado plays that resulted in consistent, strong results helping to support higher activity going forward.<\/p>\n

“EOG’s operational execution supported the company’s exceptional financial performance and record cash return to shareholders in 2024. We generated $5.4 billion<\/span> in free cash flow and returned $5.3 billion<\/span>, or 98%, to shareholders. This robust cash return was anchored by our sustainable, growing regular dividend, which we increased by 7%, and included $3.2 billion<\/span> in share repurchases. Since we initiated share repurchases in 2023, we have reduced our share count by approximately 5%. As we continue to optimize our capital structure, our strong cash flow generation and industry-leading balance sheet better position us to deliver shareholder value through the cycles.<\/p>\n

“We are excited about 2025 where we have detailed a disciplined plan that builds on last year’s success and lays a foundation for the future. Our comprehensive investment approach, focused on returns and optimizing value from our diverse portfolio of multi-basin assets, coupled with our industry-leading exploration expertise, provide long-term visibility for high returns and strong free cash flow generation. EOG has never been better positioned to deliver long-term shareholder value and we remain focused on being among the highest return and lowest cost producers, committed to strong environmental performance and playing a significant role in the long-term future of energy.”<\/p>\n

\n Fourth Quarter 2024 Financial Performance <\/b>\n <\/p>\n

\n Prices<\/b>\n <\/p>\n

\u00a0– Crude oil prices decreased in 4Q compared with 3Q, partially offset by an increase in NGL and natural gas prices from 3Q<\/p>\n

\n Volumes<\/b>\n <\/p>\n

\u00a0– Oil production of 494,600 Bopd was above the midpoint of the guidance range and up from 3Q
\u00a0– NGL production was below the midpoint of the guidance range and down from 3Q
\u00a0– Natural gas production was above the midpoint of the guidance range and up 6% from 3Q
\u00a0– Total company equivalent production was below the midpoint of the guidance range but increased 2% from 3Q<\/p>\n

\n Per-Unit Costs<\/b>\n <\/p>\n

\u00a0– LOE, GP&T, and DD&A expenses decreased in 4Q compared with 3Q, while G&A costs increased<\/p>\n

\n Hedges<\/b>\n <\/p>\n

\u00a0– Mark-to-market hedge losses decreased GAAP earnings per share in 4Q compared with 3Q
\u00a0– Cash received to settle hedges decreased from 3Q, lowering adjusted non-GAAP earnings per share<\/p>\n

\n Free Cash Flow<\/b>\n <\/p>\n

\u00a0– Cash flow from operations before changes in working capital was $2.64 billion<\/span>
\u00a0– Incurred $1.36 billion<\/span> of capital expenditures
\u00a0– This resulted in $1.28 billion<\/span> of free cash flow<\/p>\n

\n Cash Return and Working Capital<\/b>\n <\/p>\n

\u00a0– Paid $509 million<\/span> in regular dividends
\u00a0– Repurchased $981 million<\/span> of stock
\u00a0– Completed a $1.0 billion<\/span> bond offering<\/p>\n

\n Full-Year 2024 Financial Performance<\/b>\n <\/p>\n

\n Prices<\/b>\n <\/p>\n

\u00a0– Crude oil prices decreased 2%
\u00a0– NGL prices increased 1%
\u00a0– Natural gas prices decreased 22%<\/p>\n

\n Volumes<\/b>\n <\/p>\n

– Oil production increased 3% to 491,400 Bopd
– NGL production increased 10%
– Natural gas production increased 14%
– Total company equivalent production increased 8%<\/p>\n

\n Per-Unit Costs<\/b>\n <\/p>\n

\u00a0– Lower LOE, GP&T, and G&A costs were offset by higher DD&A expenses in 2024<\/p>\n

\n Hedges<\/b>\n <\/p>\n

\u00a0– Lower mark-to-market hedge gains contributed to lower GAAP earnings per share in 2024 compared with 2023
\u00a0– Higher net cash received to settle hedges partially offset lower commodity prices in 2024<\/p>\n

\n Free Cash Flow<\/b>\n <\/p>\n

\u00a0– Cash flow from operations before changes in working capital was $11.6 billion<\/span>
\u00a0– Incurred $6.2 billion<\/span> of capital expenditures
\u00a0– This resulted in $5.4 billion<\/span> of free cash flow<\/p>\n

\n Cash Return and Working Capital<\/b>\n <\/p>\n

\u00a0– Paid $2.1 billion<\/span> in regular dividends
\u00a0– Repurchased $3.2 billion<\/span> of stock
\u00a0– Completed a $1.0 billion<\/span> bond offering
\u00a0– Postponement of tax payments associated with severe weather tax relief accounted for approximately
\u00a0 \u00a0$700 million of the increase from working capital and other items<\/p>\n

\n Fourth Quarter 2024 Operating Performance and Cash Return <\/b>\n <\/p>\n

\n Lease and Well<\/b>\n <\/p>\n

\u00a0– QoQ<\/u>: Decreased primarily due to lower well service and labor costs<\/p>\n

\u00a0– Guidance Midpoint<\/u>: Lower primarily due to lower workover expenses, labor and fuel costs<\/p>\n

\n Gathering, Processing and Transportation Costs<\/b>\n <\/p>\n

\u00a0– QoQ<\/u>: Decreased primarily due to lower oil transportation expenses<\/p>\n

\u00a0– Guidance Midpoint<\/u>: Lower primarily due to lower compression-related fuel cost<\/p>\n

\n General and Administrative<\/b>\n <\/p>\n

\u00a0– QoQ<\/u>: Higher due to higher employee-related expenses and professional fees<\/p>\n

\u00a0– Guidance Midpoint<\/u>: Lower due to lower employee-related expenses<\/p>\n

\n Depreciation, Depletion and Amortization<\/b>\n <\/p>\n

\u00a0– QoQ:<\/u> Lower primarily due to the addition of lower cost reserves and positive reserve revisions<\/p>\n

\u00a0– Guidance Midpoint<\/u>: Lower primarily due to the addition of lower cost reserves and positive reserve revisions<\/p>\n

\n Regular Dividend and Fourth Quarter Share Repurchases<\/b>\n <\/p>\n

The Board of Directors today declared a dividend of $0.975<\/span> per share on EOG’s common stock. The dividend will be payable April 30, 2025<\/span>, to stockholders of record as of April 16, 2025<\/span>. The indicated annual rate is $3.90<\/span> per share, reflecting a 7% increase compared with 2024.<\/p>\n

During the fourth quarter, the company repurchased 7.8 million shares for $981 million<\/span> under its share repurchase authorization, at an average purchase price of $126<\/span> per share.<\/p>\n

For full-year 2024, the company repurchased 25.8 million shares for $3.2 billion<\/span> under its share repurchase authorization, at an average purchase price of $123<\/span> per share. EOG has $5.8 billion<\/span> remaining on its current repurchase authorization.<\/p>\n

\n 2024 Reserves <\/b>\n <\/p>\n

\n Finding and Development Cost<\/b>\n <\/p>\n

Finding and development cost, excluding price revisions, decreased in 2024 to $6.68<\/span> per Boe, due to higher year-over-year well performance and cost reductions. Proved developed finding cost, excluding price revisions, was $8.71<\/span> per Boe (GAAP) and $8.04<\/span> per Boe (Non-GAAP) in 2024.<\/p>\n

\n Reserve Replacement<\/b>\n <\/p>\n

Total proved reserves increased 6% in 2024. Extensions and discoveries added 580 MMBoe of proved reserves in 2024. Revisions other than price increased proved reserves by 215 MMBoe. Net proved reserve additions from all sources, excluding price revisions, replaced 201% of 2024 total production.<\/p>\n

\n 2025 Capital Program<\/b>\n <\/p>\n

Total expenditures for 2025 are expected to range from $6.0<\/span> to $6.4 billion<\/span>, including exploration and development drilling, facilities, leasehold acquisitions, capitalized interest, dry hole costs, and other property, plant and equipment, and excluding property acquisitions, asset retirement costs and non-cash exchanges and transactions. The capital program also excludes certain exploration costs incurred as operating expenses.<\/p>\n

The disciplined capital program is anchored by steady year-over-year activity levels in the Delaware<\/span> Basin, with a step up in activity in the Utica and Dorado plays. The plan delivers 3% oil volume growth and 6% total volume growth through the drilling and completion of 605 net wells across EOG’s multi-basin portfolio of high return inventory.<\/p>\n

The capital program also funds the completion of strategic infrastructure projects and international investment opportunities, including exploration projects in Trinidad<\/span> and Bahrain<\/span>.<\/p>\n

\n EOG and Bapco Energies Entered Into a Strategic Participation Agreement in Bahrain<\/span><\/b>\n <\/p>\n

The companies will evaluate a natural gas exploration prospect with planned drilling activity in 2025. The transaction is subject to further government approvals.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Fourth Quarter 2024 Results vs Guidance<\/b>
\n
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n See “Endnotes” below for related discussion and definitions.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 4Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 4Q 2024<\/b>
\n <\/span>\n <\/p>\n

\n
\n Guidance
Midpoint<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a0<\/span>\n <\/p>\n

\n
\n Variance<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a0<\/span>\n <\/p>\n

\n
\n 3Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a0<\/span>\n <\/p>\n

\n
\n 2Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 1Q 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a0<\/span>\n <\/p>\n

\n
\n 4Q 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Crude Oil and Condensate Volumes (MBod)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n United States<\/span>\n <\/p>\n<\/td>\n

\n

\n 493.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 491.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 491.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 490.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 486.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 484.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Trinidad<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Total<\/span>\n <\/p>\n<\/td>\n

\n

\n 494.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 493.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 493.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 490.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 487.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 485.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Natural Gas Liquids Volumes (MBbld)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total<\/span>\n <\/p>\n<\/td>\n

\n

\n 252.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 260.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (7.5)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 254.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 244.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 231.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 235.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Natural Gas Volumes (MMcfd)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n United States<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,840<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,825<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,745<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,668<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,658<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,653<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Trinidad<\/span>\n <\/p>\n<\/td>\n

\n

\n 252<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 250<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 225<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 204<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 200<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 178<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Total<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,092<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,075<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,970<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,872<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,858<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,831<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Crude Oil Equivalent Volumes (MBoed)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 1,095.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,098.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,075.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,047.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,028.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,026.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Total MMBoe<\/span>\n <\/p>\n<\/td>\n

\n

\n 100.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 101.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.3)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 99.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 95.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 93.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 94.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Benchmark Price<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Oil (WTI) ($\/Bbl)<\/span>\n <\/p>\n<\/td>\n

\n

\n 70.28<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 75.16<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 80.55<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 76.97<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 78.33<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Natural Gas (HH) ($\/Mcf)<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.79<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 2.16<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.89<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.24<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.87<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n<\/tr>\n
\n

\n
\n Crude Oil and Condensate – above (below) WTI<\/b>
\n
\n 4<\/sup>
\n <\/b>
\n ($\/Bbl)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n United States<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.40<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.75<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.35)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.79<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.16<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.49<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.28<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Trinidad<\/span>\n <\/p>\n<\/td>\n

\n

\n (9.81)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (10.35)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.54<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (12.01)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (9.80)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (9.47)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (9.12)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Natural Gas Liquids – Realizations as % of WTI<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total<\/span>\n <\/p>\n<\/td>\n

\n

\n 33.9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 32.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 29.8\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 28.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 31.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 28.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Natural Gas – above (below) NYMEX Henry Hub<\/b>
\n
\n 5<\/sup>
\n <\/b>
\n ($\/Mcf)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n United States<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.40)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.35)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.05)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.32)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.32)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.14)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.15)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Natural Gas Realizations ($\/Mcf)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Trinidad<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.86<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.65<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.21<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.68<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.48<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.54<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.81<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Expenditures (GAAP) ($MM)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 1,446<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 1,573<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,682<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,952<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,634<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Capital Expenditures (non-GAAP) ($MM)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 1,358<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,330<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 28<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,497<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,668<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,703<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,512<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Operating Unit Costs ($\/Boe)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Lease and Well<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.91<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.20<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.29)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.96<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.09<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.23<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Gathering, Processing and Transportation Costs3<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 4.37<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.45<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.08)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.50<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.44<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.41<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.49<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n General and Administrative (GAAP)<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.87<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 1.69<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.58<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.73<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.03<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n General and Administrative (non-GAAP)1<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 1.87<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.90<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.03)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.59<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.58<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.73<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.03<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Cash Operating Costs (GAAP)<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 10.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.37<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.52<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Cash Operating Costs (non-GAAP)1<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 10.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.55<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.40)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.05<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.37<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.52<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Depreciation, Depletion and Amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.35<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.24)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.42<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.32<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.47<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.85<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Expenses ($MM)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Exploration and Dry Hole<\/span>\n <\/p>\n<\/td>\n

\n

\n 60<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 60<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 43<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 39<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 46<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 41<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Impairment (GAAP)<\/span>\n <\/p>\n<\/td>\n

\n

\n 276<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 81<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 79<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Impairment (excluding certain impairments (non-GAAP))6<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 23<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 120<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (97)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 46<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 60<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Capitalized Interest<\/span>\n <\/p>\n<\/td>\n

\n

\n 13<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net Interest<\/span>\n <\/p>\n<\/td>\n

\n

\n 38<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 33<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 31<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 36<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 33<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 35<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n TOTI (% of Wellhead Revenue) (GAAP)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 6.8\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 6.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n TOTI (% of Wellhead Revenue) (non-GAAP)<\/b>
\n 1<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 6.8\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.7\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.2\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Income Taxes<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Effective Rate<\/span>\n <\/p>\n<\/td>\n

\n

\n 23.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22.2\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Current Tax Expense ($MM)<\/span>\n <\/p>\n<\/td>\n

\n

\n 454<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 495<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (41)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 240<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 341<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 312<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 352<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n First Quarter and Full-Year 2025 Guidance7<\/sup><\/b>
\n
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n See “Endnotes” below for related discussion and definitions<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 1Q 2025
Guidance Range<\/b>
\n
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 1Q 2025 Midpoint<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n FY 2025 <\/b>
\n
\n Guidance Range<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n FY 2025 Midpoint<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 2024 Actual<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 2023 Actual<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 2022<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n

\n
\n
\n Actual<\/span>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Crude Oil and Condensate Volumes (MBod)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0United States<\/span>\n <\/p>\n<\/td>\n

\n

\n 495.0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 503.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 499.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 499.5 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 507.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 503.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 490.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 475.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 460.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0Trinidad<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.8 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.9 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0Total<\/span>\n <\/p>\n<\/td>\n

\n

\n 495.8 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 504.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 500.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 500.4 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 508.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 504.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 491.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 475.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 461.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Natural Gas Liquids Volumes (MBbld)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0Total<\/span>\n <\/p>\n<\/td>\n

\n

\n 233.0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 245.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 239.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 249.0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 261.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 255.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 245.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 223.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 197.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Natural Gas Volumes (MMcfd)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0United States<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,740 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,840<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,790<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,900 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,000<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,950<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,728<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,551<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,315<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0Trinidad<\/span>\n <\/p>\n<\/td>\n

\n

\n 225 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 245<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 235<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 215 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 235<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 225<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 220<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 160<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 180<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0Total<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,965 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,085<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,025<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,115 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,235<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,175<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,948<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,711<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,495<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Crude Oil Equivalent Volumes (MBoed)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0United States<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,018.0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,054.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,036.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,065.2 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,101.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,083.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,024.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 957.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 877.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0Trinidad<\/span>\n <\/p>\n<\/td>\n

\n

\n 38.3 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 42.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 40.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 36.7 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 40.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 38.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 37.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 30.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0Total<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,056.3 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,096.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,076.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,101.9 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,142.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,122.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,062.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 984.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 908.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Benchmark Price<\/b>
\n
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Oil (WTI) ($\/Bbl)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 75.72<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 77.61<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 94.23<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Natural Gas (HH) ($\/Mcf)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 2.27<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.74<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.64<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Crude Oil and Condensate – above (below) WTI4 <\/sup><\/span>($\/Bbl)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n United States<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.65 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.40<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.20 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.20<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.20<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.70<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.57<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.99<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Trinidad<\/span>\n <\/p>\n<\/td>\n

\n

\n (12.95) –<\/span>\n <\/p>\n<\/td>\n

\n

\n (11.45)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (12.20)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (8.10) –<\/span>\n <\/p>\n<\/td>\n

\n

\n (6.10)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (7.10)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (11.29)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (9.03)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (8.07)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Natural Gas Liquids – Realizations as % of WTI<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Total<\/span>\n <\/p>\n<\/td>\n

\n

\n 30.0% –<\/span>\n <\/p>\n<\/td>\n

\n

\n 40.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 35.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 29.0% –<\/span>\n <\/p>\n<\/td>\n

\n

\n 39.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 34.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 30.9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 29.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 39.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Natural Gas – above (below)\u00a0NYMEX Henry Hub<\/b>
\n
\n 5<\/sup>
\n <\/b>
\n ($\/Mcf)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n United States<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.70) –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.35)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1.35) –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.65<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.35)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.28)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.04)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.63<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Natural Gas Realizations<\/b>
\n
\n 8<\/sup>
\n <\/b>
\n ($\/Mcf)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Trinidad<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.25 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.95<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.60<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.00 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.50<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.65<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.65<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.43<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Total Expenditures (GAAP) ($MM)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 6,653<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,818<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,610<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Capital Expenditures<\/b>
\n
\n 9<\/sup>
\n <\/b>
\n (non-GAAP) ($MM)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 1,475 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,575<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,525<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,000 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,400<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,200<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,226<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,041<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,607<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Operating Unit Costs ($\/Boe)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Lease and Well<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.00 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.50<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.25<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.90 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.40<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.04<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.05<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.02<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Gathering, Processing and Transportation Costs3<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 4.30 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.80<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.55<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.30 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.80<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.55<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.43<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.50<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.78<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n General and Administrative (GAAP)<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.75 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.05<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.90<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.65 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.95<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.80<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.72<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.78<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.72<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n General and Administrative (non-GAAP)1<\/sup><\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 1.70<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.78<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.67<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Cash Operating Costs (GAAP)<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.05 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 11.35<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.70<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.85 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 11.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.50<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.19<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.33<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.52<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Cash Operating Costs (non-GAAP)1<\/sup><\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 10.17<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.33<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.47<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Depreciation, Depletion and Amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.00 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 11.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.50<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.90 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.90<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.40<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.57<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.72<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.69<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0Expenses ($MM)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Exploration and Dry Hole<\/span>\n <\/p>\n<\/td>\n

\n

\n 40 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 80<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 60<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 210 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 250<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 230<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 188<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 182<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 204<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Impairment (GAAP)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 391<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 202<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 382<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Impairment (excluding certain impairments (non-GAAP))6<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 30 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 110<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 70<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 240 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 320<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 280<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 100<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 160<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 269<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Capitalized Interest<\/span>\n <\/p>\n<\/td>\n

\n

\n 10 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 14<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 46 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 50<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 48<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 45<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 33<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 36<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net Interest<\/span>\n <\/p>\n<\/td>\n

\n

\n 46 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 50<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 48<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 173 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 177<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 175<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 138<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 148<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 179<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n TOTI (% of Wellhead Revenue) (GAAP)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 7.0% –<\/span>\n <\/p>\n<\/td>\n

\n

\n 9.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.0% –<\/span>\n <\/p>\n<\/td>\n

\n

\n 9.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.1\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.4\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n TOTI (% of Wellhead Revenue) (non-GAAP)<\/b>
\n
\n 1<\/b>
\n <\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 7.3\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.4\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Income Taxes<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Effective Rate<\/span>\n <\/p>\n<\/td>\n

\n

\n 20.0% –<\/span>\n <\/p>\n<\/td>\n

\n

\n 25.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20.0% –<\/span>\n <\/p>\n<\/td>\n

\n

\n 25.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22.1\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Current Tax Expense ($MM)<\/span>\n <\/p>\n<\/td>\n

\n

\n 340 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 440<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 390<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,350 –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,750<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,550<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,348<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,415<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,208<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n Fourth Quarter and Full-Year 2024 Results Webcast<\/b>\n <\/p>\n

\n Friday, February 28, 2025<\/span>, 9:00 a.m. Central time<\/span> (10:00 a.m. Eastern time<\/span>)
Webcast will be available on EOG’s website for one year.
http:\/\/investors.eogresources.com\/Investors<\/a><\/p>\n

\n About EOG
<\/b>EOG Resources, Inc. (NYSE: EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States<\/span> with proved reserves in the United States<\/span> and Trinidad<\/span>. To learn more visit\u00a0www.eogresources.com.<\/p>\n

\n Investor Contacts
<\/b>
\n Pearce Hammond<\/span> 713-571-4684
Neel Panchal 713-571-4884
Shelby O’Connor<\/span> 713-571-4560<\/p>\n

\n Media Contact
<\/b>
\n Kimberly Ehmer<\/span> 713-571-4676<\/p>\n

\n Endnotes<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
\n

\n 1)<\/span>\n <\/p>\n<\/td>\n

\n

\n Cash Operating Costs consist of LOE, GP&T and G&A. TOTI (% of Wellhead Revenue) (non-GAAP) and G&A (non-GAAP) for each of 3Q 2024, fiscal year 2024 and fiscal year 2022 exclude a state severance tax refund and related consulting fees, respectively, as reflected in the accompanying reconciliation schedules (see “Revenues, Costs and Margins Per Barrel of Oil Equivalent”). The per-Boe impact of such consulting fees on G&A and total Cash Operating Costs for 3Q 2024, fiscal year 2024 and fiscal year 2022 was $(0.10), $(0.02) and $(0.05), respectively, as set forth in “Fourth Quarter 2024 Results vs Guidance” and “First Quarter and Full-Year 2025 Guidance” above.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n 2)<\/span>\n <\/p>\n<\/td>\n

\n

\n Includes gathering, processing and marketing revenue, gains (losses) on asset dispositions (for GAAP earnings per share only), other revenue, exploration, dry hole, impairments and marketing costs, taxes other than income, other income, interest expense and the impact of changes in the effective income tax rate.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n 3)<\/span>\n <\/p>\n<\/td>\n

\n

\n Effective January 1, 2024, EOG combined Transportation Costs and Gathering and Processing Costs into one line item titled Gathering, Processing and Transportation Costs. This presentation has been conformed for all periods presented and had no impact on previously reported Net Income.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n 4)<\/span>\n <\/p>\n<\/td>\n

\n

\n EOG bases United States and Trinidad crude oil and condensate price differentials upon the West Texas Intermediate crude oil price at Cushing,\u00a0Oklahoma,\u00a0using\u00a0the\u00a0simple\u00a0average of\u00a0the\u00a0NYMEX\u00a0settlement\u00a0prices for\u00a0each\u00a0trading day\u00a0within\u00a0the\u00a0applicable\u00a0calendar month.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n 5)<\/span>\n <\/p>\n<\/td>\n

\n

\n EOG\u00a0bases United\u00a0States\u00a0natural gas\u00a0price\u00a0differentials\u00a0upon\u00a0the\u00a0natural gas\u00a0price\u00a0at\u00a0Henry\u00a0Hub,\u00a0Louisiana,\u00a0using the\u00a0NYMEX\u00a0Last\u00a0Day\u00a0Settle price for each of the applicable\u00a0months.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n 6)<\/span>\n <\/p>\n<\/td>\n

\n

\n In general, EOG excludes impairments which are (i) attributable to declines in commodity prices, (ii) related to sales of certain oil and gas properties or (iii) the result of certain other events or decisions (e.g., a periodic review of EOG’s\u00a0oil\u00a0and\u00a0gas\u00a0properties\u00a0or\u00a0other\u00a0assets). EOG believes excluding these impairments from total impairment costs is appropriate and provides useful information to investors, as such impairments were caused by factors outside of EOG’s control (versus, for example, impairments that are due to EOG’s proved oil and gas properties not being as productive as it originally\u00a0estimated).<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n 7)<\/span>\n <\/p>\n<\/td>\n

\n

\n The forecast items for the first quarter and full year 2025 set forth above for EOG are based on currently available information and expectations as of the date of this press release. EOG undertakes no obligation, other than as required by applicable law, to update or revise this forecast, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise. This forecast, which should be read in conjunction with this press release and EOG’s\u00a0related Current\u00a0Report\u00a0on\u00a0Form\u00a08-K\u00a0filing,\u00a0replaces and supersedes any previously issued guidance or\u00a0forecast.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n 8)<\/span>\n <\/p>\n<\/td>\n

\n

\n The full-year 2022 realized natural gas price for Trinidad includes a one-time pricing adjustment of $0.76\/Mcf for prior-period production following a contract amendment with the National Gas Company of Trinidad and Tobago Limited.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n 9)<\/span>\n <\/p>\n<\/td>\n

\n

\n The forecast includes expenditures for Exploration and Development Drilling, Facilities, Leasehold Acquisitions, Capitalized Interest, Dry Hole Costs and Other Property, Plant and Equipment. The forecast excludes Property Acquisitions, Asset Retirement Costs, Non-Cash Exchanges and Transactions and exploration costs incurred as operating expenses.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Glossary <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Acq<\/span>\n <\/p>\n<\/td>\n

\n

\n Acquisitions<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ATROR<\/span>\n <\/p>\n<\/td>\n

\n

\n After-tax rate of return<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Bbl<\/span>\n <\/p>\n<\/td>\n

\n

\n Barrel<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Bn<\/span>\n <\/p>\n<\/td>\n

\n

\n Billion<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Boe<\/span>\n <\/p>\n<\/td>\n

\n

\n Barrels of oil equivalent<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Bopd<\/span>\n <\/p>\n<\/td>\n

\n

\n Barrels of oil per day<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CAGR<\/span>\n <\/p>\n<\/td>\n

\n

\n Compound annual growth rate<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Capex<\/span>\n <\/p>\n<\/td>\n

\n

\n Capital expenditures<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CFO<\/span>\n <\/p>\n<\/td>\n

\n

\n Cash flow provided by operating activities before changes in working capital<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CO2e<\/span>\n <\/p>\n<\/td>\n

\n

\n Carbon dioxide equivalent<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n DD&A<\/span>\n <\/p>\n<\/td>\n

\n

\n Depreciation, Depletion and Amortization<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Disc<\/span>\n <\/p>\n<\/td>\n

\n

\n Discoveries<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Divest<\/span>\n <\/p>\n<\/td>\n

\n

\n Divestitures<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n EPS<\/span>\n <\/p>\n<\/td>\n

\n

\n Earnings per share<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Ext<\/span>\n <\/p>\n<\/td>\n

\n

\n Extensions<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n GAAP<\/span>\n <\/p>\n<\/td>\n

\n

\n Generally accepted accounting principles<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n G&A<\/span>\n <\/p>\n<\/td>\n

\n

\n General and administrative expense<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n G&P<\/span>\n <\/p>\n<\/td>\n

\n

\n Gathering and processing<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n GHG<\/span>\n <\/p>\n<\/td>\n

\n

\n Greenhouse gas<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n GP&T<\/span>\n <\/p>\n<\/td>\n

\n

\n Gathering, processing & transportation expense<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n HH<\/span>\n <\/p>\n<\/td>\n

\n

\n Henry Hub<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n LOE<\/span>\n <\/p>\n<\/td>\n

\n

\n Lease operating expense, or lease and well expense<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n MBbld<\/span>\n <\/p>\n<\/td>\n

\n

\n Thousand barrels of liquids per day<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n MBod<\/span>\n <\/p>\n<\/td>\n

\n

\n Thousand barrels of oil per day<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n MBoe<\/span>\n <\/p>\n<\/td>\n

\n

\n Thousand barrels of oil equivalent<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n MBoed<\/span>\n <\/p>\n<\/td>\n

\n

\n Thousand barrels of oil equivalent per day<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Mcf<\/span>\n <\/p>\n<\/td>\n

\n

\n Thousand cubic feet of natural gas<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n MMBoe<\/span>\n <\/p>\n<\/td>\n

\n

\n Million barrels of oil equivalent<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n MMcfd<\/span>\n <\/p>\n<\/td>\n

\n

\n Million cubic feet of natural gas per day<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NGLs<\/span>\n <\/p>\n<\/td>\n

\n

\n Natural gas liquids<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NYMEX<\/span>\n <\/p>\n<\/td>\n

\n

\n U.S. New York Mercantile Exchange<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTP<\/span>\n <\/p>\n<\/td>\n

\n

\n Other than price<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n QoQ<\/span>\n <\/p>\n<\/td>\n

\n

\n Quarter over quarter<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n TOTI<\/span>\n <\/p>\n<\/td>\n

\n

\n Taxes other than income<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n USD<\/span>\n <\/p>\n<\/td>\n

\n

\n United States dollar<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n WTI<\/span>\n <\/p>\n<\/td>\n

\n

\n West Texas Intermediate<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n YoY<\/span>\n <\/p>\n<\/td>\n

\n

\n Year over year<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n $MM<\/span>\n <\/p>\n<\/td>\n

\n

\n Million United States dollars<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n $\/Bbl<\/span>\n <\/p>\n<\/td>\n

\n

\n U.S. Dollars per barrel<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n $\/Boe<\/span>\n <\/p>\n<\/td>\n

\n

\n U.S. Dollars per barrel of oil equivalent<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n $\/Mcf<\/span>\n <\/p>\n<\/td>\n

\n

\n U.S. Dollars per thousand cubic feet<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

This press release and any accompanying disclosures may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, including, among others, statements and projections regarding EOG’s future financial position, operations, performance, business strategy, goals, returns and rates of return, budgets, reserves, levels of production, capital expenditures, operating costs and asset sales, statements regarding future commodity prices and statements regarding the plans and objectives of EOG’s management for future operations, are forward-looking statements. EOG typically uses words such as “expect,” “anticipate,” “estimate,” “project,” “strategy,” “intend,” “plan,” “target,” “aims,” “ambition,” “initiative,” “goal,” “may,” “will,” “focused on,” “should” and “believe” or the negative of those terms or other variations or comparable terminology to identify its forward-looking statements. In particular, statements, express or implied, concerning EOG’s future financial or operating results and returns or EOG’s ability to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control drilling, completion and operating costs and capital expenditures, generate cash flows, pay down or refinance indebtedness, achieve, reach or otherwise meet initiatives, plans, goals, ambitions or targets with respect to emissions, other environmental matters or safety matters, pay and\/or increase regular and\/or special dividends or repurchase shares are forward-looking statements. Forward-looking statements are not guarantees of performance. Although EOG believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that such assumptions are accurate or will prove to have been correct or that any of such expectations will be achieved (in full or at all) or will be achieved on the expected or anticipated timelines. Moreover, EOG’s forward-looking statements may be affected by known, unknown or currently unforeseen risks, events or circumstances that may be outside EOG’s control. Important factors that could cause EOG’s actual results to differ materially from the expectations reflected in EOG’s forward-looking statements include, among others:<\/p>\n