HOUSTON, Oct. 5, 2021 /PRNewswire/ -- EOG Resources,
Inc. (EOG) today published its 2020 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 employees' commitment to our environmental, social and
governance efforts did not waver during 2020," said Ezra Y. Yacob, Chief Executive Officer. "Our
employees moved the company's ESG initiatives forward while
managing a dramatic downshift to the pace of our operations,
working remotely, and dealing with the uncertainty caused by a
rapidly evolving pandemic."
Highlights of the 2020 Sustainability Report Include:
- Reduced emissions
intensity rate – EOG reduced its GHG intensity rate 8%
driven by lower flaring volumes.
- Increased water reuse – Through ongoing
efforts to expand water reuse infrastructure, EOG sourced 46% of
the water used in the company's operations last year from reuse, up
from 34% in 2019.
- Improved safety – The company's workforce
total recordable incident rate improved, continuing a 3-year
trend.
- Emissions targets and net-zero ambition –
The report provides more detail regarding the company's existing
near-term 2025 emissions targets and the recently added zero
routine flaring by 2025, 99.8% wellhead gas capture target for
2021, and long-term net-zero ambition.
- New initiatives and disclosures – EOG
initiated a Diversity and Inclusion Working Group, formalized its
Human Rights Policy, added American Exploration and Production
Council ESG metrics to support comparability efforts, and disclosed
its scope 2 GHG emissions.
"Our accomplishments during 2020 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 and Investor 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 practices, programs,
policies, initiatives, plans, goals, 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 56 and 57 of EOG's Annual Report on Form 10-K
for the fiscal year ended December 31,
2020 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 13 through 26 of EOG's
Annual Report on Form 10-K for the fiscal year ended December 31, 2020, 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-2020-sustainability-report-301393331.html
SOURCE EOG Resources, Inc.