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Investor Presentaiton

Sustainable 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
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