EOG Resources — Oct 8, 2026 release

Due to the higher crude oil prices realized in the third quarter 2026 and anticipated for the full year as a result of the ongoing conflict in the Middle East (versus EOG's expectations at the time of issuance of its third quarter 2026 guidance on August 4, 2026), EOG now expects its third quarter 2026 current tax expense to be $835 million - $935 million. EOG is not updating or confirming any other ranges for the third quarter 2026 or full year 2026 included in the guidance issued on August 4, 2026. II.    Price Risk Management and Other With the objective of enhancing the certainty of future revenues and cash flows, from time to time EOG enters into financial price swap, option, swaption, collar and basis swap contracts (collectively, Financial Commodity Derivative Contracts). EOG accounts for its Financial Commodity Derivative Contracts using the mark-to-market accounting method. In addition, EOG accounts for its 10-year natural gas sales agreement that is linked to Brent crude oil prices (Brent Linked Gas Sales Contract) using the mark-to-market accounting method. During the third quarter of 2026, EOG received net cash of $40 million from settlements of Financial Commodity Derivative Contracts. There was no cash received related to the Brent Linked Gas Sales Contract as deliveries are expected to commence in January 2027. For the quarter ended September 30, 2026, U.S. New York Mercantile Exchange (NYMEX) West Texas Intermediate crude oil averaged $85.68 per barrel, and NYMEX natural gas at Henry Hub averaged $2.95 per million B