EOG Resources (EOG) risk factors, FY2024 10-K

Risks Related to our Financial Condition, Results of Operations and Cash Flows

1. 01Crude oil, NGLs and natural gas prices are volatile, and a substantial and extended decline in commodity prices can have a material and adverse effect on us
2. 02Our cost-mitigation initiatives and actions may not offset, largely or at all, the impacts of inflationary pressures on our operating costs and capital expenditures
3. 03We have substantial capital requirements, and we may be unable to obtain needed financing on satisfactory terms, if at all
4. 04Reserve estimates depend on many interpretations and assumptions. Any significant inaccuracies in these interpretations and assumptions could cause the reported quantities of our reserves to be materially misstated
5. 05If we fail to acquire or find sufficient additional reserves over time, our reserves and production will decline from their current levels
6. 06Our ability to declare and pay regular or special dividends on our common stock and repurchase shares of our common stock is subject to certain considerations
7. 07The inability of our customers and other contractual counterparties to satisfy their obligations to us may have a material and adverse effect on us

Risks Related to our Operations

1. 08Drilling crude oil and natural gas wells is a high-risk activity and subjects us to a variety of risks that we cannot control
2. 09Drilling crude oil and natural gas wells involves numerous risks, including the risk that we may not encounter commercially productive crude oil, NGLs and/or natural gas reserves. As a result, we may not recover all or any portion of our investment in new wells
3. 10Our crude oil, NGLs and natural gas operations and supporting activities and operations involve many risks and expose us to potential losses and liabilities, and insurance may not fully protect us against these risks and potential losses and liabilities
4. 11Our ability to sell and deliver our crude oil, NGLs and natural gas production could be materially and adversely affected if adequate gathering, processing, compression, storage, transportation, refining, liquefaction and export facilities and equipment are unavailable
5. 12A portion of our crude oil, NGLs and natural gas production may be subject to interruptions that could have a material and adverse effect on us
6. 13Our operations are substantially dependent upon the availability of water. Restrictions or limitations on our ability to obtain water may have a material and adverse effect on our financial condition, results of operations and cash flows
7. 14Competition in the oil and gas exploration and production industry is intense, and some of our competitors have greater resources than we have

Risks Related to Sustainability, Regulatory and Legal Matters

1. 15Developments and concerns related to climate change may have a material and adverse effect on us
2. 16Regulatory, legislative and policy changes may materially and adversely affect the oil and gas exploration and production industry
3. 17We incur certain costs to comply with government regulations, particularly regulations relating to environmental protection and safety, and could incur even greater costs in the future
4. 18Regulations, government policies and government and corporate initiatives relating to greenhouse gas emissions and climate change could have a significant impact on our operations and we could incur significant cost in the future to comply
5. 19Our initiatives, targets and ambitions related to emissions and other environmental or safety-related matters, including our related public statements and disclosures, are subject to various factors, contingencies and uncertainties and may expose us to certain risks
6. 20Tax laws and regulations, including those applicable specifically to crude oil and natural gas exploration and production companies, may change over time, and such changes could materially and adversely affect our business, cash flows, results of operations and financial condition

Risks Related to Our International Operations

1. 21We operate in other countries and, as a result, are subject to certain political, economic, competitive and other risks

Risks Related to Cybersecurity and Other External Factors

1. 22Our business could be materially and adversely affected by security threats, including cyber threats and cyber attacks, and other disruptions
2. 23Terrorist activities and military and other actions could materially and adversely affect us