EOG Resources increases buyback authorization by $10B

In a regulatory filing, the company states: “As previously reported, EOG‘s Board has established a share repurchase authorization that allows for the repurchase by EOG of up to $10 billion of its common stock. For further information regarding the Share Repurchase Authorization, see Part II, Item 2, Unregistered Sales of Equity Securities and Use of Proceeds, in EOG’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026. As of March 31, 2026, (i) EOG had repurchased approximately 59.4 million shares at a total cost of approximately $7.1 billion (inclusive of commissions and transaction fees) under the Share Repurchase Authorization and (ii) approximately $2.9 billion remained available for repurchases under the Share Repurchase Authorization. On and effective May 20, 2026, the Board increased the Share Repurchase Authorization from $10 billion to $20 billion. This increase of $10 billion is additive to, and supplements, the amount remaining available for repurchases under the Share Repurchase Authorization.”