A producer of crude oil, natural gas, and natural gas liquids from major U.S. basins, led by the Delaware Basin spanning Texas and New Mexico, with additional exploration offshore Trinidad and in Bahrain and the UAE. Born in 1989 as Enron Oil & Gas, a subsidiary of Enron Corporation, the company was spun off in 1999 and kept its initials—so the letters EOG quietly stand for its former parent, Enron Oil & Gas.
EOG Resources increases share repurchase authorization from $10B to $20B
At the 2026 Annual Meeting held May 20, 2026, EOG stockholders elected all nine director nominees, with each receiving over 96% of votes cast.
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Stockholders ratified the appointment of Deloitte & Touche LLP as EOG's independent auditor for 2026, with 96.28% of votes cast in favor.
The non-binding advisory 'say-on-pay' vote on executive compensation was approved, with 96.58% of votes cast in favor.
On May 20, 2026, the Board increased the share repurchase authorization from $10 billion to $20 billion, adding $10 billion to the remaining amount.
As of March 31, 2026, EOG had repurchased approximately 59.4 million shares for about $7.1 billion, leaving about $2.9 billion available before the increase.
5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events
EOG raises Q1 2026 current tax expense guidance to $500-$600 million
The increase is attributed to higher crude oil prices realized in Q1 2026 and anticipated for the full year due to the Middle East conflict.
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On April 9, 2026, EOG updated its first quarter 2026 current tax expense guidance to $500 million - $600 million, up from the prior forecast of $230 million - $330 million.
EOG is not updating or confirming any other guidance ranges for Q1 or full year 2026 issued on February 24, 2026.
During Q1 2026, EOG paid net cash of $53 million for settlements of Financial Commodity Derivative Contracts; no cash was received from the Brent Linked Gas Sales Contract as deliveries start in January 2027.
For Q1 2026, NYMEX WTI crude oil averaged $72.17 per barrel and Henry Hub natural gas averaged $4.96 per MMBtu.
2.02 Results of Operations and Financial Condition
EOG Resources reports Q4 2025 net income of $701 million, full-year 2025 net income of $4.98 billion
Fourth quarter 2025 net income was $701 million, or $1.30 per diluted share, compared to $1.251 billion, or $2.23 per diluted share, in Q4 2024.
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Full-year 2025 net income was $4.98 billion, or $9.12 per diluted share, down from $6.403 billion, or $11.25 per diluted share, in 2024.
Q4 2025 total operating revenues were $5.638 billion, down from $5.585 billion in Q4 2024; full-year 2025 revenues were $22.632 billion, down from $23.698 billion in 2024.
Q4 2025 crude oil and condensate volumes averaged 546.1 MBbld, up from 494.6 MBbld in Q4 2024; full-year 2025 volumes averaged 521.9 MBbld, up from 491.4 MBbld in 2024.
The company issued first quarter and full year 2026 forecast and benchmark commodity pricing information in the accompanying press release.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
EOG Resources appoints John D. Chandler to its Board of Directors, effective December 10, 2025.
Chandler has over 30 years of energy industry experience, including as Senior Vice President and CFO of The Williams Companies from 2017 to 2022.
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John D. Chandler was appointed to the EOG Resources Board of Directors and its Audit Committee, effective December 10, 2025.
He previously served as CFO, Treasurer, and Chief Accounting Officer of Magellan Midstream Partners from 2002 to 2014.
Chandler will receive the same quarterly cash retainer as other non-employee directors and a grant of restricted stock units under EOG's 2021 Omnibus Equity Compensation Plan.
The RSU grant will be based on EOG's closing stock price on December 15, 2025, and will cliff vest one year from the grant date.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits