EOG Resources (EOG) risk factors: FY2025 10-K

Item 1A of the 10-K for the period ending 2025-12-31, filed 2026-02-24. 24 risk factor headings as filed. Read Item 1A in full · The whole 10-K · What changed since FY2024

1new since FY2024
2reworded
1removed
21unchanged

Headings mentioning a theme: Tariffs 0 · AI 0 · Cybersecurity 1 · China 0 · Interest rates 0. Compare across the S&P 500.

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

8
  1. Crude 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. We have substantial capital requirements, and we may be unable to obtain needed financing on satisfactory terms, if at all.
  3. Our continued initiatives to increase operating efficiencies may not be successful in offsetting any future inflationary pressures on our operating costs and capital expenditures.new
  4. Reserve 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. If we fail to acquire or find sufficient additional reserves over time, our reserves and production will decline from their current levels.
  6. Our ability to declare and pay regular or special dividends on our common stock and repurchase shares of our common stock is subject to certain factors and considerations.reworded
  7. Our hedging activities may prevent us from fully benefiting from increases in crude oil, NGLs and natural gas prices and may expose us to other risks, including counterparty risk, and our future production may not be sufficiently protected from any declines in commodity prices by our existing or future hedging arrangements.
  8. The inability of our customers and other contractual counterparties to satisfy their obligations to us may have a material and adverse effect on us.

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Risks Related to our Operations

7
  1. Drilling crude oil and natural gas wells is a high-risk activity and subjects us to a variety of risks that we cannot control.
  2. Our 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.
  3. Our 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.
  4. A 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.
  5. Our 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.
  6. If we acquire crude oil, NGLs or natural gas properties, our failure to fully identify existing and potential issues, to accurately estimate reserves, production rates or costs, or to effectively integrate the acquired properties into our operations could materially and adversely affect our business, financial condition and results of operations.reworded
  7. Competition in the oil and gas exploration and production industry is intense, and some of our competitors have greater resources than we have.

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Risks Related to Sustainability, Regulatory and Legal Matters

6
  1. Developments and concerns related to climate change may have a material and adverse effect on us.
  2. Regulatory, legislative and policy changes may materially and adversely affect the oil and gas exploration and production industry.
  3. We 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. Regulations, 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. Our 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. Tax 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.

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Risks Related to Our International Operations

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

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Risks Related to Cybersecurity and Other External Factors

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

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No longer in Item 1A

1

Headings in the FY2024 10-K with no match this year.

  1. Our cost-mitigation initiatives and actions may not offset, largely or at all, the impacts of inflationary pressures on our operating costs and capital expenditures.

Headings are the lines of Item 1A set wholly in bold or italics, as the parser reads them, without the introductory paragraph that opens the section. A heading is new when no heading in the prior 10-K matches it after ignoring case and punctuation, and reworded when it shares at least 60 percent of its words with one that went away. Source: the filing on sec.gov.