#1Seogres eog resources 4Q 2022 Earnings Presentation David Streit, Vice President IR (713) 571-4902, [email protected] Neel Panchal, Director IR (713) 571-4884, [email protected] Shelby O'Connor, Manager IR (713) 571-4560, [email protected]#2Sustainable Value Creation Through Industry Cycles $ Returns-Focused Most Stringent Investment Hurdle Rate in Industry Anchored to a Flat $40 Oil and $2.50 Natural Gas Price Deck Disciplined Growth Optimize Investment to Support Continuous Improvement Across Multi-Basin Portfolio Significant Free Cash Flow Low-Cost Base and Pristine Balance Sheet Support Growing EOG is focused on being among the lowest cost, lowest emissions and highest return producers, playing a significant role in the long-term future of energy. $ S Regular Dividend and Commitment to Return Minimum 60% of Annual Free Cash Flow¹ to Shareholders Sustainability Focused on Safe Operations and Leading Environmental Performance Culture Decentralized Company Focused on Organic Exploration and Operational Execution Driven by Industry Leading Innovation and Technology (1) Cash provided by operating activities before changes in working capital less CAPEX. See accompanying schedules for reconciliations and definitions of non-GAAP measures and other measures. eog 4Q 2022 2#32022 Highlights Delivered on Our Plan Through Differentiated Execution selli Realized Company Record 34% ROCE 1,2 at $94 WTI Oil Replaced 244% of 2022 Production for Finding & Development Cost of $5.13/Boe6 eog Generated $7.6 Bn Free Cash Flow 1,3 $5.1 Bn Cash Returned to Shareholders 10% Increase to Regular Dividend4 Announced New Ohio Utica Combo Play with 405,000 Net Acres Delivered Production 1% Above Target 5 with 2% Additional Capex¹ Relative to Guidance5 Despite Rising Inflationary Headwinds Outstanding ESG Achievements eog • • GHG Intensity and Methane Percentage Met 2025 Targets 99.9% Wellhead Gas Capture Rate • Deployed EOG iSense SM Technology for Continuous Methane Leak Detection (1) (2) See accompanying schedules for reconciliations and definitions of non-GAAP measures and other measures. Calculated using reported Net Income (GAAP). (5) Based on full-year 2022 guidance, as of February 24, 2022. (6) All-in Total, Excluding Revisions Due to Price. (3) Cash provided by operating activities before changes in working capital less CAPEX. (7) Based on preliminary estimates. Refer to footnote disclosures on slide 12. (4) Based on indicated annual rate as of November 3, 2022. 4Q 2022 3#42023 Game Plan: Focused on Shareholder Value Volumes Capital Program 4741 461 2022 +3% MBOPD 2023E 908 9861 +9% MBOEPD 2022 2023E Cash Operating Costs² and DD&A ($/Boe) $21.163 $20.65¹ DD&A Cash Operating Costs 74% $6.0 Bn¹ Premium Drilling - 625 Net Completions Gathering, Processing & Other Exploration 12% 6% 3% 3% 2% Free Cash Flow at $80 WTI $5.5 Bn FCF1,4 $6.0 Bn¹ Capital Program Facilities International-5 Net Completions Environmental Projects $1.00/Share Special Dividend to be Paid in March Minimum 60% of Annual Free Cash Flow Committed to Shareholder Returns 2022 2023E 2023E (1) Based on midpoint of full-year 2023 guidance, as of February 23, 2023. (2) Total LOE, Transportation, Gathering and Processing and G&A expense (3) (4) Includes G&A expense (non-GAAP) for 2022; see slide 7 of Supplemental Presentation for related data. See accompanying schedules for reconciliations and definitions of non-GAAP measures and other measures. Cash provided by operating activities before changes in working capital less CAPEX. Assumes $3.25 Henry Hub natural gas price for 2023. 4Q 2022 eog st 4#5Free Cash Flow Priorities Focused on Long-Term Value Creation Minimum 60% of Annual Free Cash Flow¹ Committed to Shareholder Returns Sustainable Dividend Growth Primary Mode of Cash Return to Shareholders Multi-Decade Track Record of Delivering Cash to Shareholders Through Price Cycles Regular Dividend Yield Leads Peers and Broader S&P 500 Average 2,3 • . Pristine Balance Sheet Competitive Advantage in a Cyclical Industry Provides Backstop for Regular Dividend Provides Ability to Execute on Additional Cash Returns and Counter-Cyclical Opportunities Additional Cash Return More than $5.1 Bn Special Dividends Paid to Date³ $5.0 Bn Authorization in Place for Opportunistic Share Buybacks eog • Low-Cost Property Bolt-Ons Evaluate Opportunities to Add Low-Cost Acreage to Multi-Asset Portfolio and Exploration Plays No Expensive M&A (1) Cash provided by operating activities before changes in working capital less CAPEX. (2) (3) 23 E&P peers include APA, COP, DVN, FANG, HES, MRO, OXY and PXD. As of February 22, 2023. 4Q 2022 5#6$3.00 $2.70 $2.40 $2.10 $1.80 $1.50 $1.20 $0.90 $0.60 $0.30 $0.00 1999 2000 2001 2002 2003 2004 2005 2006 (1) Indicated annual rate, as of November 3, 2022. Note: Dividends adjusted for 2-for-1 stock splits effective March 1, 2005 and March 31, 2014. 2007 2008 2009 2010 Committed to Sustainable, Growing Regular Dividend Regular Dividends Protect Cash Returns Through Cycles 25 Years of Stable and Growing Regular Dividend $ per Share $3.30 22% CAGR 2011 2012 2013 2014 2015 2016 2017 Premium Drilling 2018 2019 2020 $3.30 Regular Dividend is a $1.9 Bn Annual Cash Return Commitment to Shareholders Strong Track Record of Delivering Cash To Shareholders Through Price Cycles Dividend Has Never Been Suspended or Reduced Growth Reflects Improvements in Underlying Business Low-Cost Structure, High-Quality Multi-Basin Resource Base and Strong Balance Sheet Support Dividend Sustainability 4Q 2022 6 eog#7EOG's Balance Sheet Leads Peers and Broader Market EOG Net Debt¹ ($ Billions) 5.6 4.5 3.1 2.5 -0.1 Financial Leverage (Net Debt/EBITDA)² 1.8 Liquidity (Cash/Market Capitalization)² 10.5% 8.6% 0.7 ..... 0.3 4.3% 3.4% -0.1 -0.9 EOG 2017 2018 2019 2020 2021 2022 S&P 500 20th Pct³ E&P Peer Avg4 S&P 500 Median³ (1) Total debt less cash on December 31 of such year. See accompanying schedules for reconciliations and definitions of non-GAAP measures and other measures. (2) As of February 22, 2023. Source: Factset Excludes Financials. 2233 (3) (4) E&P peers include APA, COP, DVN, FANG, HES, MRO, OXY and PXD. S&P 500 20th Pct³ EOG S&P 500 Median³ E&P Peer Avg4 eog 4Q 2022 7#8A Growing Portfolio of Low-Cost, High-Return Resources¹ Multi-Decade Premium Resource Poised to Further Improve ROCE² & Free Cash Flow³ Finding & Development Cost ($/BOE)4 eog $10 $8 $6 Median F&D Cost: ~$5/Boe $4 $2 $0 0 1 2 3 4 5 6 7 8 9 10 10 Premium Resource Potential (Billion BOE)¹ (2) (3) (4) (5) (6) 123456 (1) Resource potential net to EOG, not proved reserves ROCE, a non-GAAP measure, defined and reconciled in accompanying schedules. See accompanying schedules for reconciliations and definitions of non-GAAP measures and other measures. Finding & Development Cost includes Drilling, Completion, Well-Site Facilities, and Flowback. Direct ATROR calculated using flat commodity prices of $40 WTI oil, $2.50 Henry Hub natural gas and $16 NGLs. Based on Double Premium wells completed in 2022. Invest to Improve the Business Premium Hurdle Rate of 30% Direct ATROR³,5 @ Flat $40 Oil & $2.50 Natural Gas Low F&D Cost Improves DD&A and Enables Double-Digit ROCE² High Quality Resource Base - - 10+ Years of Double Premium Drilling Inventory with 60%+ Direct ATROR @ Flat $40 Oil and $2.50 Natural Gas 10 Bn Boe of < $10/Boe Resource Across EOG's Multi-Basin Portfolio 4Q 2022 8#9Premium Development Improves Operating Margins Depreciation, Depletion & Amortization ($/Boe) Finding & Development Cost ($/Boe)¹ $12.93 $18.43 Improving F&D Costs Drive Down DD&A $10.69 $5.13 Premium Drilling Premium Drilling 2014 2015 2016 2017 2018 2019 2020 2021 2022 2014 2015 2016 2017 2018 2019 2020 2021 2022 Operating Cost excl. Taxes & Interest ($/Boe)² $32.66 Operating Margins at Constant Price ($/Boe)³ $19.40 $8.04 $22.59 Premium Drilling 2014 2015 2016 2017 2018 2019 2020 2021 2022 Premium Drilling 2014 2015 2016 2017 2018 2019 2020 2021 2022 (1) All-in Total, Excluding Revisions Due to Price. See accompanying schedules for reconciliations and definitions of non-GAAP measures and other measures. (2) (3) LOE, Transportation, Gathering & Processing, G&A, DD&A and Total Exploration Costs. See slide 7 of Supplemental Presentation for related data. 2014-2022 Average Realized Price of $62.23 for Oil, $3.21 for Gas and $23.41 for NGLs. Lower Cost Basis Results in Higher Operating Margins eog 4Q 2022 9#10Higher Margins Drive Record Return on Capital Employed eog Oil Price Required for 10% ROCE¹ at Constant Gas Price² $86 Premium Drilling 2014 2015 2016 2017 2018 2019 2020 2021 2022 Realized ROCE³ 45% 35% 15% 25% $93 WTI $4.37 HH 15% 5% $42 -5% -15% -25% (1) (2) ROCE, a non-GAAP measure, defined and reconciled in accompanying schedules. Does not include the impact of derivative contracts. Calculated using $3.42 Henry Hub Natural Gas Price, reflecting the average price from 2014-2022. (3) Calculated using reported Net Income (GAAP). See accompanying schedules for reconciliations and definitions of non-GAAP measures and other measures. Premium Dilling 2014 2015 2016 2017 2018 2019 2020 2021 2022 34% $94 WTI $6.64 HH 4Q 2022 10 10#11ESG Ambitions & Strategy Dedicated to Being a Responsible Operator and Part of the Long-Term Energy Solution NEAR-TERM EMISSIONS TARGETS 13.5 GHG intensity rate 1,2 by 2025 NET ZERO AMBITION NET ZERO 0.06 ZERO 99.8% methane emissions percentage2,3 by 2025 Routine flaring by 2025 wellhead gas capture rate in 2022 Scope 1 and Scope 2 GHG Emissions by 2040 eog Reduce • Expanding closed loop gas capture EMISSIONS REDUCTION PATHWAYS 00 Capture Launching carbon capture & storage (CCS) pilot project Prioritizing concentrated CO2e emissions locations for CCS Offset Evaluating projects and other options to offset remaining emissions . Evaluating additional CCS locations • Eliminating routine flaring • Implementing continuous leak detection • (iSenseSM) • Testing leaner fuels to reduce combustion-related emissions (1) Metric tons of gross operated GHG emissions (Scope 1), on a CO2e basis, per Mboe of total gross operated U.S. production. 22 (2) (3) Includes Scope 1 emissions reported to the EPA pursuant to the EPA Greenhouse Gas Reporting Program (GHGRP) and emissions that are subject to the EPA GHGRP but are below the basin reporting threshold and would otherwise go unreported. Thousand cubic feet (Mcf) of gross operated methane emissions (Scope 1) per Mcf of total gross operated U.S. natural gas production. 4Q 2022 11#12Strong 2022 Emissions Results Met 2025 Targets Preliminary ESG Metrics EMISSIONS Scope 1 GHG Intensity Rate 1,2 17.7 ~99.9% Wellhead Gas Capture Rate 17.1 15.0 14.0 13.6 ~13.5 13.5 WATER 9% 14% 2017 2018 Scope 1 Methane Emissions Percentage 2,3 2019 2020 2021 2022E 2025 Target 36% 28% 0.40% 0.22% 0.12% 0.08% 0.06% ~0.05% 2017 2018 2019 2020 2021 2022E 0.06% 2025 Target 55% 58% 2021 2022E REUSE NON-FRESH FRESH (2) (1) Metric tons of gross operated GHG emissions (Scope 1), on a CO2e basis, per Mboe of total gross operated U.S. production. Includes Scope 1 emissions reported to the EPA pursuant to the EPA Greenhouse Gas Reporting Program (GHGRP) and emissions that are subject to the EPA GHGRP but are below the basin reporting threshold and would otherwise go unreported. (3) Thousand cubic feet (Mcf) of gross operated methane emissions (Scope 1) per Mcf of total gross operated U.S. natural gas production. Note: The data utilized in calculating these metrics is subject to certain reporting rules, regulatory reviews, definitions, calculation methodologies, adjustments and other factors. These metrics are subject to change, if updated data or other information becomes available. Any updates to these metrics will be set forth in materials posted to the Sustainability section of the EOG website. 2022 metrics remain subject to final verification. Comparisons relative to prior year end reflect rounding. eog 4Q 2022 12#13Decentralization is Key to EOG's Culture and Differentiation eog ARTES ARTESIA DIVISION CORPUS CHRISTI Division DENVER DIVISION Operational Benefits Capital Allocation Flexibility • Product & Geographic Diversity • Deep, Play Specific Expertise Fort Worth DIVISION тер EOG Innovations & Core Competencies Drilling: • Long Lateral Optimization • Premium Motors & Bits • Broad Footprint for Innovation Knowledge & Technology Transfer Scale to Self-Source Drilling Fluids and Sand Multi-Basin Exploration • • Active Exploration Across Every Division Vast Dataset of Play Types Core Data & Well Performance Models • Real-Time Geo-Steering Completions: • Super Zipper Stimulation • Continuous Pumping Operations • Real-Time Diversion Technology Infrastructure Optimization to Support Production and Lower Costs Midland Division OKLAHOMA CITY DIVISION SAN ANTONIO DIVISION Houston Trinidad International Division eog 4Q 2022 13#14Maturity Exploration Improves Quality and Size of Premium Portfolio Life Cycle of Premium Assets eog Multiple Domestic & International Exploration Prospects Delaware Basin South Powder River Basin Dorado North Powder River Basin Utica Eagle Ford Bakken/Three Forks Wyoming DJ Basin Time 4Q 2022 14#15EOG Culture Drives Sustainable Competitive Advantage Culture ✓ Rate-of-Return Driven ✓ Decentralized / Non-Bureaucratic Multi-Disciplinary Teamwork ✓ Innovative / Entrepreneurial ✓ Every Employee is a Business Person First Safety, Environment, & Community Exploration Operations Information Technology 100 010101 010 Sustainability eog 4Q 2022 15#16Copyright; Assumption of Risk: Copyright 2023. This presentation and the contents of this presentation have been copyrighted by EOG Resources, Inc. (EOG). All rights reserved. Copying of the presentation is forbidden without the prior written consent of EOG. Information in this presentation is provided "as is" without warranty of any kind, either express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose and the timeliness of the information. You assume all risk in using the information. In no event shall EOG or its representatives be liable for any special, indirect or consequential damages resulting from the use of the information. Cautionary Notice Regarding Forward-Looking Statements: This presentation 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, 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, safety matters or other ESG (environmental/social/governance) matters, or pay and/or increase dividends 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. Furthermore, this presentation may include or reference certain forward-looking, non-GAAP financial measures, such as free cash flow and cash flow from operations before changes in working capital, and certain related estimates regarding future performance, results and financial position. Because we provide these measures on a forward-looking basis, we cannot reliably or reasonably predict certain of the necessary components of the most directly comparable forward-looking GAAP measures, such as future changes in working capital. Accordingly, we are unable to present a quantitative reconciliation of such forward-looking, non-GAAP financial measures to the respective most directly comparable forward-looking GAAP financial measures. Management believes these forward-looking, non-GAAP measures may be a useful tool for the investment community in comparing EOG's forecasted financial performance to the forecasted financial performance of other companies in the industry. Any such forward-looking measures and estimates are intended to be illustrative only and are not intended to reflect the results that EOG will necessarily achieve for the period(s) presented; EOG's actual results may differ materially from such measures and estimates. 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: the timing, extent and duration of changes in prices for, supplies of, and demand for, crude oil and condensate, natural gas liquids (NGLS), natural gas and related commodities; the extent to which EOG is successful in its efforts to acquire or discover additional reserves; the extent to which EOG is successful in its efforts to (i) economically develop its acreage in, (ii) produce reserves and achieve anticipated production levels and rates of return from, (iii) decrease or otherwise control its drilling, completion and operating costs and capital expenditures related to, and (iv) maximize reserve recovery from, its existing and future crude oil and natural gas exploration and development projects and associated potential and existing drilling locations; the success of EOG's cost-mitigation initiatives and actions in offsetting the impact of inflationary pressures on EOG's operating costs and capital expenditures; the extent to which EOG is successful in its efforts to market its production of crude oil and condensate, NGLS and natural gas; security threats, including cybersecurity threats and disruptions to our business and operations from breaches of our information technology systems, physical breaches of our facilities and other infrastructure or breaches of the information technology systems, facilities and infrastructure of third parties with which we transact business; the availability, proximity and capacity of, and costs associated with, appropriate gathering, processing, compression, storage, transportation, refining, and export facilities; the availability, cost, terms and timing of issuance or execution of mineral licenses and leases and governmental and other permits and rights-of-way, and EOG's ability to retain mineral licenses and leases; the impact of, and changes in, government policies, laws and regulations, including climate change-related regulations, policies and initiatives (for example, with respect to air emissions); tax laws and regulations (including, but not limited to, carbon tax and emissions-related legislation); environmental, health and safety laws and regulations relating to disposal of produced water, drilling fluids and other wastes, hydraulic fracturing and access to and use of water; laws and regulations affecting the leasing of acreage and permitting for oil and gas drilling and the calculation of royalty payments in respect of oil and gas production; laws and regulations imposing additional permitting and disclosure requirements, additional operating restrictions and conditions or restrictions on drilling and completion operations and on the transportation of crude oil, NGLS and natural gas; laws and regulations with respect to financial derivatives and hedging activities; and laws and regulations with respect to the import and export of crude oil, natural gas and related commodities; the impact of climate change-related policies and initiatives at the corporate and/or investor community levels and other potential developments related to climate change, such as (but not limited to) changes in consumer and industrial/commercial behavior, preferences and attitudes with respect to the generation and consumption of energy; increased availability of, and increased consumer and industrial/commercial demand for, competing energy sources (including alternative energy sources); technological advances with respect to the generation, transmission, storage and consumption of energy; alternative fuel requirements; energy conservation measures and emissions-related legislation; decreased demand for, and availability of, services and facilities related to the exploration for, and production of, crude oil, NGLS and natural gas; and negative perceptions of the oil and gas industry and, in turn, reputational risks associated with the exploration for, and production of, crude oil, NGLS and natural gas; continuing political and social concerns relating to climate change and the greater potential for shareholder activism, governmental inquiries and enforcement actions and litigation and the resulting expenses and potential disruption to EOG's day-to-day operations; the extent to which EOG is able to successfully and economically develop, implement and carry out its emissions and other ESG-related initiatives and achieve its related targets and initiatives; EOG's ability to effectively integrate acquired crude oil and natural gas properties into its operations, identify and resolve existing and potential issues with respect to such properties and accurately estimate reserves, production, drilling, completion and operating costs and capital expenditures with respect to such properties; the extent to which EOG's third-party-operated crude oil and natural gas properties are operated successfully, economically and in compliance with applicable laws and regulations; competition in the oil and gas exploration and production industry for the acquisition of licenses, leases and properties; the availability and cost of, and competition in the oil and gas exploration and production industry for, employees, labor and other personnel, facilities, equipment, materials (such as water, sand, fuel and tubulars) and services; the accuracy of reserve estimates, which by their nature involve the exercise of professional judgment and may therefore be imprecise; weather, including its impact on crude oil and natural gas demand, and weather-related delays in drilling and in the installation and operation (by EOG or third parties) of production, gathering, processing, refining, compression, storage, transportation, and export facilities; the ability of EOG's customers and other contractual counterparties to satisfy their obligations to EOG and, related thereto, to access the credit and capital markets to obtain financing needed to satisfy their obligations to EOG; EOG's ability to access the commercial paper market and other credit and capital markets to obtain financing on terms it deems acceptable, if at all, and to otherwise satisfy its capital expenditure requirements; the extent to which EOG is successful in its completion of planned asset dispositions; the extent and effect of any hedging activities engaged in by EOG; the timing and extent of changes in foreign currency exchange rates, interest rates, inflation rates, global and domestic financial market conditions and global and domestic general economic conditions; the duration and economic and financial impact of epidemics, pandemics or other public health issues; geopolitical factors and political conditions and developments around the world (such as the imposition of tariffs or trade or other economic sanctions, political instability and armed conflict), including in the areas in which EOG operates; the extent to which EOG incurs uninsured losses and liabilities or losses and liabilities in excess of its insurance coverage; acts of war and terrorism and responses to these acts; and the other factors described under ITEM 1A, Risk Factors of EOG's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and any updates to those factors set forth in EOG's subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. In light of these risks, uncertainties and assumptions, the events anticipated by EOG's forward-looking statements may not occur, and, if any of such events do, we may not have anticipated the timing of their occurrence or the duration or extent of their impact on our actual results. Accordingly, you should not place any undue reliance on any of EOG's forward-looking statements. EOG's forward-looking statements speak only as of the date made, and EOG undertakes no obligation, other than as required by applicable law, to update or revise its forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise. Oil and Gas Reserves; Non-GAAP Financial Measures: The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose not only "proved" reserves (i.e., quantities of oil and gas that are estimated to be recoverable with a high degree of confidence), but also "probable" reserves (i.e., quantities of oil and gas that are as likely as not to be recovered) as well as "possible" reserves (i.e., additional quantities of oil and gas that might be recovered, but with a lower probability than probable reserves). Statements of reserves are only estimates and may not correspond to the ultimate quantities of oil and gas recovered. Any reserve or resource estimates provided in this presentation that are not specifically designated as being estimates of proved reserves may include "potential" reserves, "resource potential" and/or other estimated reserves or estimated resources not necessarily calculated in accordance with, or contemplated by, the SEC's latest reserve reporting guidelines. Investors are urged to consider closely the disclosure in EOG's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, available from EOG at P.O. Box 4362, Houston, Texas 77210-4362 (Attn: Investor Relations). You can also obtain this report from the SEC by calling 1-800-SEC-0330 or from the SEC's website at www.sec.gov. In addition, reconciliation schedules and definitions for non-GAAP financial measures can be found on the EOG website at www.eogresources.com. 4Q 2022 16