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, 2012, EOG’s total estimated net proved reserves were 1,811 million barrels of oil equivalent (MMBoe). Approximately 92 percent of these reserves were located in the United States, 6 percent were in Trinidad and 2 percent were in Canada. Total company net proved liquids reserves increased 37 percent, year-over-year, and comprised 56 percent of the company’s total net proved reserves at year-end.

EOG’s total company production in 2012 was 170.7 MMBoe. Driven by a 39 percent increase in crude oil and condensate production, the company had a 10 percent overall increase in production compared to 2011. Approximately 86 percent of the company's 2012 total production was in the United States and Canada.

Business Strategy

Grow 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 moderate net debt-to-total capitalization ratio
Continue to increase the percentage of crude oil and natural gas liquids in our portfolio, emphasizing North American production

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2012 Financial Highlights

Net Operating Revenues -- $11.7 billion
Net Income -- $570.3 million
NYSE Stock Price Range ($/Share)

High: $124.50
Low: $82.48
Year-end Close: $120.79

Market Capitalization on Dec. 31 -- $32.8 billion

Operating Areas

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2012 Production and Proved Reserve Data

	Production (MBoed)	Net Proved Reserves (MMBoe)
United States	376.6	1,662
Canada	23.6	36
Trinidad	64.5	101
Other International (China, United Kingdom and Argentina)	1.7	12
Total Company	466.4	1,811

Focused on Increasing Oil Mix

Pie chart showing North American Production Volumes

EOG is the largest horizontal crude oil producer in the United States
EOG is the largest crude oil producer in the Eagle Ford
EOG is one of the largest crude oil producers in the Bakken/Three Forks in North Dakota
EOG is targeting crude oil production growth in 2013 of 28 percent

SEC Filings