EOG Resources

EOG Resources
General information: 

Company Overview

EOG Resources, Inc. is one of the largest independent (non-integrated) crude oil and natural gas companies in the United States with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China. EOG Resources, Inc. is listed on the New York Stock Exchange (NYSE) and is traded under the ticker symbol “EOG.”  EOG’s goals remain consistent – to deliver the highest stockholder appreciation measured by stockholder returns and to be the most profitable independent exploration and production company in terms of return on capital employed. 

As of December 31, 2013, EOG’s total estimated net proved reserves were 2,119 million barrels of oil equivalent (MMBoe). Approximately 94 percent of these reserves were located in the United States, 4 percent were in Trinidad, 1 percent were in Canada and 1 percent were in other international locations.  Total company net proved liquids reserves increased 25 percent, year-over-year, and comprised 60 percent of the company’s total net proved reserves at year-end. EOG’s total company production in 2013 was 186.2 MMBoe. Driven by a 40 percent increase in crude 
oil and condensate production, the company had a 9 percent overall increase in production compared to 2012.  Approximately 88 percent of the company's 2013 total production was in the United States and Canada.

Business Strategy

  • Grow production by drilling low-cost, internally generated prospects rather than through acquisitions
  • Capture an early-mover advantage in key resource plays
  • Maintain a strong balance sheet with a low net debt-to-total capitalization ratio
  • Focus on high rate-of return drilling opportunities
  • Continue to increase the percentage of crude oil and natural gas liquids in the EOG portfolio, 
  • emphasizing U.S. production

Focused on Increasing Oil Mix

  • Largest onshore crude oil producer in the continental United States
  • Largest crude oil producer in the Eagle Ford and in the state of Texas
  • One of the largest crude oil producers in the Bakken/Three Forks in North Dakota
  • Targeting 27% crude oil production growth in 2014

EOG’s Commitment to Employees

For the eighth consecutive year since EOG was eligible for consideration, the company was named to FortuneMagazine’s 2014 list as one of “The 100 Best Companies to Work For.” The list, compiled by the Great Place to Work® Institute in San Francisco, bases its rankings on two criteria. First, the company’s policies and its culture are evaluated. Second, and more important, the opinions of the company’s employees regarding credibility, respect, fairness, pride and camaraderie are sought.

Being named to Fortune’s “The 100 Best Companies to Work For” is a clear reflection of the quality of our company’s culture. By providing employees with a top-rated environment in which to work, EOG is able to attract and retain some of the exploration and production industry’s best and brightest, who will embrace the company’s commitment to corporate responsibility as it continues to grow and expand.

EOG is an Equal Opportunity and Affirmative Action employer and subscribes to a drug-free and smoke-free workplace. All employment decisions are made without regard to factors such as race, color, religion, sex, sexual orientation, national origin, disability, age, marital or family status or veteran status.

EOG Resources, Inc. is committed to providing a competitive compensation and benefits program for its employees. The following information, prepared in a quick reference format, applies only to EOG’s eligible regular, full-time employees. Please note that the provisions of all programs, plans and policies are subject to change.

EOG’s comprehensive Compensation Program includes:

Base pay, Annual bonus opportunity & Stock options

Additional employee reward opportunities:

Recognition Awards (Personal Best Awards), Project Awards (Bcfe Award Program) & Other Long-term incentives

EOG’s comprehensive Benefits include:

Retirement Plans, Savings Plan (401k), Money Purchase Pension Plan, Flexible Benefits Plan &Flexdollars

Medical Plan, Dental Insurance, Vision Insurance, Life Insurance, Accidental Death & Dismemberment Insurance, Long-term Disability Insurance, Healthcare and Dependent Daycare Spending Accounts, Retirement Health Plans & Vacation and Personal Time

Additional Benefits

Employee Assistance Plan, Short-term Disability/Paid Sick Leave, Employee Stock Purchase Plan, Section 529 - College Bound Fund, Education Assistance / Tuition Reimbursement

Health Club / Fitness Center Subsidy, Employee Referral Program, Scholarship Program & Matching Charitable Gifts Program

EOG’s Work Environment:

Compressed workweek in most operational locations, Flextime in work schedule & Casual Dress Policy

1111 Bagby, Sky Lobby 2
Houston, TX 77210
Company information: 
Industry: 
Upstream, Exploration & Development, Upstream, Drilling, Completions & Production
Active in following regions: 
United Kingdom, China, Tobago, Trinidad, Canada, Asia, United States

Address Information

1111 Bagby, Sky Lobby 2
Houston, TX 77210