HOUSTON, Oct. 6, 2022 /PRNewswire/ -- EOG Resources, Inc. (EOG) today published its 2021 Sustainability Report, highlighting the company's innovative leadership in sustainability and demonstrating its commitment to environmental stewardship, social engagement and corporate governance. The report can be found at www.eogresources.com/sustainability.
"EOG Resources has emerged from the downturn a stronger company led by the resilience of our employees," said Ezra Y. Yacob, Chairman and Chief Executive Officer. "Our employees remained motivated, engaged, and focused on applying innovative solutions and new technologies to further lower our cost structure and improve our environmental performance."
Highlights of the 2021 Sustainability Report Include:
- Reduced methane emissions rate – EOG reduced its methane emissions percentage by 25% to 0.06% which included ongoing efforts to convert pneumatic controllers and pumps to instrument air.
- Decreased freshwater use – Less than 10% of water sourced across EOG's U.S. operations was freshwater due to continued efforts to expand water reuse infrastructure and to identify and use nonfreshwater sources.
- Improved safety – The company's workforce total recordable incident rate improved, continuing a 4-year trend.
"Our accomplishments during 2021 reflect EOG's performance-driven culture," continued Yacob. "EOG is focused on being among the lowest cost, highest return and lowest emissions producers, playing a significant role in the long-term future of energy."
About EOG
EOG Resources, Inc. (NYSE: EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States and Trinidad. To learn more visit www.eogresources.com.
Investor Contacts
David Streit 713-571-4902
Neel Panchal 713-571-4884
Media Contact
Kimberly Ehmer 713-571-4676
This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding EOG's plans, objectives, and projections with respect to our current and future operations, performance, and business strategy and statements regarding EOG's practices, programs, policies, initiatives, plans, goals, objectives, strategies, ambitions, and targets with respect to environmental, social, and governance matters. Although EOG believes the expectations reflected in our forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that such assumptions are accurate or that any of such expectations will be achieved (in full or at all) or will prove to have been correct. EOG's forward-looking statements speak only as of the date made, and EOG undertakes no obligation, other than as required by applicable law, to update or revise our forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise. Important factors that could cause EOG's actual results to differ materially from the expectations reflected in EOG's forward-looking statements are enumerated in the section entitled "Information Regarding Forward-Looking Statements" on pages 53 and 54 of EOG's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC and any updates to those factors set forth in EOG's subsequent Quarterly Reports on Form 10-Q. Also, see the section entitled "Risk Factors" on pages 14 through 27 of EOG's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, for a discussion of certain risk factors that affect or may affect EOG's business, operations, and performance, and any updates to those factors set forth in EOG's subsequent filings with the SEC.
View original content:https://www.prnewswire.com/news-releases/eog-resources-publishes-2021-sustainability-report-301643136.html
SOURCE EOG Resources, Inc.
