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EOG Resources
EOG Resources (EOG) investor relations material
EOG Resources Goldman Sachs Energy, CleanTech & Utilities Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Goldman Sachs Energy, CleanTech & Utilities Conference summary7 Jan, 2026
Strategic outlook and capital plans
Entering 2026 with strong momentum after a transformative 2025, focusing on value creation and cost efficiency.
2026 capital spend expected near $6.5 billion, slightly reduced due to faster-than-expected integration of Encino and cost improvements in the Delaware Basin.
Capital allocation supports foundational assets, gas investments, new exploratory plays in UAE and Bahrain, and continued shareholder returns.
Oil production growth for 2026 projected at low to no growth versus Q4 2025.
Planning assumptions remain flexible, with significant changes only in response to major market events.
U.S. shale and portfolio strategy
U.S. shale sector showing signs of maturity, with industry consolidation and focus on cost structure improvements.
Ongoing innovation and technology investments drive cost efficiencies and value in core assets like Eagle Ford and Delaware Basin.
Four key pillars: capital discipline, operational excellence, self-sourcing, and sustainability, all underpinned by a decentralized, innovative culture.
Flexibility to shift capital among oil, gas, and international assets as market conditions evolve.
Market outlook and macroeconomic views
Oversupply is expected to keep oil prices lower for several quarters, but demand growth should eventually rebalance the market.
Capital discipline and low-cost investment approach enable resilience through price cycles.
LNG buildout and electricity demand seen as key drivers for natural gas, with future price impacts likely to be regionalized.
What drove the 2026 capex reduction?
How does EOG sustain Delaware Basin returns?
Assess UAE's path to foundational asset status.
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Next EOG Resources earnings date
Q4 202525 Feb, 2026
EOG Resources
Next EOG Resources earnings date
Q4 202525 Feb, 2026
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Frequently asked questions
EOG Resources, Inc. explores for, develops, produces, and markets crude oil and natural gas in the United States of America, Canada, the Republic of Trinidad and Tobago, the United Kingdom, China, and the Permian Basin. It also markets crude oil and condensate, natural gas liquids (NGLs), and natural gas; transports crude oil and NGLs produced by third parties; and provides gathering, processing, and compression services to third-party producers of natural gas. EOG Resources is based in Houston, Texas.
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