Investor Presentaiton
Higher 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
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