EOG Resources Inc.
EOG.US | Extraction of crude petroleum
EOG Resources, Inc. is one of the largest independent crude oil and natural gas companies in the United States. The company is primarily engaged in the exploration, development, production, and marketing of crude oil and natural gas. Its operations are largely concentrated in major producing basins ...Show More
Better Health for All
-70
EOG Resources' principal goods, crude oil and natural gas, are associated with severe, widespread health damage, with no redeeming health benefits. Nearly all of the company's revenue is derived from these products. The company's operations also generate significant health-harming externalities, including public health impacts and respiratory risks from particulate emissions like silica. Despite efforts to reduce its environmental footprint, such as maintaining greenhouse gas and methane emissions below 2025 targets, achieving 99.9% wellhead gas capture, zero routine flaring, and sourcing over 99% of water for Delaware Basin operations from reuse or nonfresh sources, EOG faced 17 environmental litigation cases in 2023 with potential settlement costs of $62.4 million.
1
This contributes to its 'High Risk' ESG rating for public health impacts.
2
Fair Money & Economic Opportunity
0
EOG Resources Inc. is an independent crude oil and natural gas company, not a financial institution. The 'Fair Money & Economic Opportunity' value and its associated Key Performance Indicators (KPIs) are specifically designed to assess companies involved in lending, insuring, moving, or storing money, focusing on financial products, services, and their impact on consumer financial health. As EOG's core business activities do not align with these financial services, there is no direct evidence in the articles to score any of the KPIs against the given rubric's quantitative thresholds, which are tailored for financial institutions and their specific offerings.
Fair Pay & Worker Respect
40
In 2022, EOG Resources reported an accident rate of 0.24 incidents per 200,000 hours, which is below the industry average of 0.66.
1
Additionally, 85% of its employees participated in safety training.
2
The company's 2023 Sustainability Report indicated that 27.6% of its workforce is female and 32.4% is minority, though it noted a need for more representation at senior levels.
3
However, EOG Resources has faced multiple lawsuits. In 2022, two class action lawsuits were filed: one alleging misclassification of independent contractors and denial of overtime pay
4
, and another alleging gross negligence due to unsafe working conditions after a contractor suffered severe injuries.
5
Lawsuits from 2020
6
and 2019
7
alleged inadequate safety measures following explosions at company sites. Further lawsuits from 2016
8
and 2015
9
alleged worker misclassification and denial of overtime compensation. A 2014 lawsuit alleged the company's failure to provide necessary safety equipment and warnings contributed to a worker's death from hydrogen sulfide exposure.
10
Employee reviews from 2024
11
and 2023
12
highlight mixed opinions on workplace culture, with some concerns about management practices, adaptability, job security, and a non-diverse environment, despite some praise for the safety culture.
13
Fair Trade & Ethical Sourcing
0
EOG Resources' public disclosures on fair trade certifications and detailed supply chain traceability are limited.
1
Specific data on the percentage of fair-trade certified spend, supplier audit frequency, forced or child labor incidents, supply chain traceability coverage, remediation speed for violations, ethical clause coverage in contracts, share of high-risk materials, or supplier diversity spend are not available in the provided articles for EOG.US.
2
Article 0 pertains to SDG&E and is not relevant to EOG.US.
Honest & Fair Business
0
No specific, quantifiable evidence was found in the provided articles to score EOG Resources Inc. against any of the defined KPIs for the 'Honest & Fair Business' value. Information regarding regulatory fines, transparency index scores from recognized benchmarks, specific details on whistleblower policy strength, number of financial restatements, percentage of audit coverage, severity-weighted ESG controversy scores, median complaint resolution times, percentage of conflict-free board members, or detailed strength and enforcement metrics for anti-corruption policies (beyond their existence and FCPA compliance) was not explicitly stated in a manner that could be mapped to the rubric's quantitative thresholds without inference or assumption.
Kind to Animals
0
As an oil and gas company, EOG Resources' core business does not involve animal testing, animal agriculture, or the use of animal-derived ingredients, rendering most animal welfare KPIs not applicable. The company's operations can indirectly impact wildlife through habitat disruption and oil spills.
1
Oil and gas exploration often leads to habitat destruction, posing threats to local wildlife populations.
2
Accidental oil spills are known to have devastating effects on marine and terrestrial wildlife.
3
Past pollution incidents from 2009 to 2011 resulting in over $300,000 in settlements for affecting local aquatic life.
4
EOG has engaged in conservation efforts, including providing funding for land reclamation research in Wyoming
5
and partnering on a two-year project to restore rangeland in the Eagle Ford shale play.
6
The company also received the Industry Wildlife Stewardship Award from the Wyoming Game and Fish Department for its habitat restoration and wildlife monitoring efforts.
7
No War, No Weapons
-10
EOG Resources Inc does not engage in arms manufacturing or military contracts, aligning with a core business that has no defense or arms-related activities.
1
The company focuses on energy production and has no dual-use products or technology development, nor does it have defense assets to divest or exposure to controversial weapons.
2
However, EOG Resources Inc has no explicit peace initiatives or specific alignment to peace-building efforts, indicating 0% investment in such programs.
3
Planet-Friendly Business
0
EOG Resources Inc. has undertaken several environmental initiatives. In 2023, the company achieved a greenhouse gas intensity rate of 13.2 metric tons CO₂e per thousand barrels of oil equivalent, meeting its 2025 target ahead of schedule
1
. It also maintained a methane emissions percentage of 0.04%, surpassing its goal of 0.06% for the third consecutive year
2
, and achieved zero routine flaring ahead of its 2025 target
3
. Over 99% of water used in its Delaware Basin operations was sourced from reuse or nonfresh sources
4
. EOG initiated a carbon capture and storage pilot project in Texas in 2023
5
and joined the Oil and Gas Methane Partnership 2.0 in early 2023 to enhance methane emissions reporting transparency
6
. The company allocated $45 million in 2022 for environmental conservation and biodiversity protection
7
, implementing habitat restoration projects across 3,200 acres
8
, and launched a separate conservation effort covering 600 acres for biodiversity in 2023
9
. The iSense® methane monitoring solution is used to enhance emission leak repairs
10
.
Respect for Cultures & Communities
0
No specific evidence was found in the provided article to assess EOG Resources against any of the defined KPIs for the 'Respect for Cultures & Communities' value. The article mentions flaring activities contributing to air pollution and disregarding the well-being of local residents, including indigenous populations
1
, but this information does not directly map to the quantitative or qualitative thresholds of the given KPIs, which focus on formal partnerships, cultural impact assessments, specific investments, or incident types like cultural appropriation or site disruption.
Safe & Smart Tech
0
EOG Resources has not reported any data breaches or incidents of unauthorized data use.
1
The company states it regularly assesses and remediates vulnerabilities, and its internal audit team, in conjunction with third-party experts, conducts penetration testing and vulnerability assessments.
2
EOG focuses on building cybersecurity awareness among its employees and other end-users through training and security exercises.
3
The Audit Committee oversees policies, strategies, and initiatives for mitigating cybersecurity and information technology risks, with senior management regularly reporting on these matters.
4
Zero Waste & Sustainable Products
-20
EOG has implemented numerous waste reduction initiatives with measurable results. It achieved zero routine flaring ahead of its 2025 target
1
and maintained a 99.9% wellhead gas capture rate in 2023.
2
In its Delaware Basin operations, over 99% of water was sourced from reuse or non-fresh sources
3
, with a company-wide water reuse percentage of 57% in 2023.
4
EOG is testing nine Closed-Loop Gas Capture pilot projects in New Mexico
5
and initiated a Carbon Capture and Storage pilot project with CO2 injection in 2023.
6
The company also reported a 15% reduction in methane emissions intensity in 2021
7
and a 20% improvement in spill management efficiency by 2022.
8
EOG has set company-wide waste reduction targets, including a 25% reduction in GHG emissions intensity from 2019 by 2030
9
, maintaining near-zero methane emissions (0.20% or less) from 2025–2030
10
, and maintaining zero routine flaring from 2025–2030.
11
The company has had no waste disposal violations in the past three years, though it faced a noncompliance event for not following disposal criteria in 2009
12
and an environmental violation with a $353,419 penalty in 2010.
13