EOG Resources, Inc. (EOG) Presents at J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference Transcript

EOG Resources, Inc. (NYSE:EOG) J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference Call June 24, 2025 11:30 AM ET

Company Participants

Jeffrey R. Leitzell – Executive VP & COO

Conference Call Participants

Arun Jayaram – JPMorgan Chase & Co, Research Division

Arun Jayaram

Okay. We’re going to keep things moving. Delighted to have our next presenter, EOG Resources, which has been one of the most influential and important companies in the U.S. shale revolution. Joining me on stage is EOG’s EVP and COO, Jeff Leitzell. Jeff, how are you?

Jeffrey R. Leitzell

I’m good. Arun, how are you doing?

Arun Jayaram

I’m doing well. We’re just commenting that EOG has had a lot of Noteworthy announcements in — over the last several weeks. And so really excited to dig in more on the EOG story.

Question-and-Answer Session

Arun Jayaram

Jeff, any talk about an oil and gas levered company starts with kind of the macro. Could you talk about EOG’s latest thoughts on the macro environment? I know you and Ezra and the team keep a really detailed group that monitors kind of the oil macro.

Jeffrey R. Leitzell

Yes. We try to, and they’ve been running around in circles lately to say the least. But obviously, there’s been a lot of geopolitical volatility out there. So you kind of got to set that aside because things have been changing by the day. But really, if you look at supply and demand fundamentals, I think the way we look at it is from the demand side, we think that demand looks pretty good.

It looks pretty strong around the world right now. The big question with that is obviously going to be how do the tariffs flow through? And how does that really ultimately affect when we work through all of