Investor Presentaiton

Premium 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

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