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EOG Resources Overview
EOG is one of the largest exploration and production companies in the United States with proved reserves in the United States, Trinidad and China.
EOG’s business strategy is to maximize the rate of return on investment of capital by controlling operating/capital costs. EOG strives to maintain the lowest possible operating cost structure and a continuing commitment to Environmental, Social, and Governance sustainability.
EOG’s use of proprietary data and more than 100 apps is well-known within the industry. EOG has a real-time, returns-focused decision making process that is made possible by its approach to technology and data. EOG’s focus on advanced technology and data analysis improves the utilization of 3-D seismic/microseismic data, the development of reservoir models, the use of drilling equipment, and completion technologies.
In order to find and develop low-cost reserves, EOG also prioritizes exploration and drilling of internally generated prospects. This strategy is intended to consistently deliver cost-effective crude oil and natural gas production allowing the company to deliver long-term shareholder value and maintain a strong balance sheet.