Investor Presentaiton

A 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

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