Investor Presentaiton
Free 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
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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
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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)
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E&P peers include APA, COP, DVN, FANG, HES, MRO, OXY and PXD.
As of February 22, 2023.
4Q 2022
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