EOG Resources, Inc.
Climate Impact & Sustainability Data (2022, 2023, 2024-07-01 to 2024-09-30)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Emissions Reduction
- Methane Emissions
- Routine Flaring
- Wellhead Gas Capture
- Sustainable Operations
Environmental Achievements
- Reduced Scope 1 Greenhouse Gas Intensity Rate from 17.7 in 2018 to ~13.5 in 2022 (tCO2e per Mboe of total gross operated U.S. production)
- Reduced Scope 1 methane emissions percentage from 0.22% in 2018 to ~0.05% in 2022 (Mcf of gross operated methane emissions per Mcf of total gross operated U.S. natural gas production)
- Developed a closed-loop gas capture (CLGC) process as an alternative to flaring
- Achieved 99.8% wellhead gas capture rate in 2022
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Net zero ambition for scope 1 and scope 2 GHG emissions by 2040
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Reduce GHG intensity rate to 13.5 by 2025
- Reduce methane emissions percentage to 0.06% by 2025
- Achieve zero routine flaring by 2025
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Emissions Reduction
- Methane Emissions
- Water Management
- Biodiversity
- Community Engagement
- Safe Operations
Environmental Achievements
- Achieved zero routine flaring in 2023
- Reduced Scope 1 GHG intensity rate to 13.3 mtCO2e/Mboe in 2023 (from 17.7 in 2018)
- Reduced Scope 1 methane emissions percentage to ~0.04% in 2023 (from 0.22% in 2018)
- Initiated CCS carbon project at a natural gas processing facility in 2022
- Reduced freshwater use in the Delaware Basin in 2023 (Specific figures not provided)
Social Achievements
- Partnership with U.S. Bureau of Land Management and Wyoming Game & Fish Department on Ferruginous Hawks monitoring and conservation since 2014, resulting in the Industry Wildlife Stewardship Award in 2022
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Net-zero Scope 1 and Scope 2 GHG emissions by 2040
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Reduce Scope 1 methane emissions percentage to <1% by 2025
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- iSense® Continuous Leak Detection Methane Sensor
Awards & Recognition
- Industry Wildlife Stewardship Award from the Wyoming Game & Fish Department (2022)
Reporting Period: 2024-07-01 to 2024-09-30
Environmental Metrics
ESG Focus Areas
- Safe Operations
- Environmental Performance
- Community Engagement
- Emissions Reduction
Environmental Achievements
- Achieved zero routine flaring
- Achieved 0.06% methane emissions percentage (target achieved in 2021, 2022, and 2023)
- Achieved 13.5 GHG intensity rate (target achieved in 2022 and 2023)
- 99.9% wellhead gas capture rate
Social Achievements
- 10% reduction in Workforce TRIR
- 29% reduction in Workforce LTIR
- 170+ voluntary turnover rate of current EOG employees started in the internship program
Governance Achievements
- Executive Compensation Tied to Safety and Environmental Performance
- 44% of directors are women or racially/ethnically diverse
Climate Goals & Targets
Long-term Goals:
- Net zero Scope 1 and Scope 2 GHG emissions by 2040
Short-term Goals:
- 13.5 GHG Intensity Rate by 2025
- 0.06% Methane Emissions Percentage by 2025
- ZERO Routine Flaring by 2025
Environmental Challenges
- Inflationary pressures on operating costs and capital expenditures
- Climate change-related regulations, policies, and initiatives
- Security threats, including cybersecurity threats
Mitigation Strategies
- Cost-mitigation initiatives
- Emissions reduction pathways (reduce, capture, offset)
- Not explicitly stated, but implied through security measures and risk management