EOG · 10-Q · 2026Q2 · Full report

Capital Return Program

EOG RESOURCES INC · 2026-08-04 · Importance 58 · Surprise 42 · In source text

EOG committed beginning in fiscal year 2024 to return at least 70% of annual net cash provided by operating activities before certain balance-sheet changes, less total capital expenditures, through regular dividends, special dividends, and share repurchases. The Board declared quarterly dividends of $1.02 per share on February 24, May 5, and August 4, 2026, with the latest dividend payable October 30, 2026. On May 20, 2026, the Board increased the common-stock repurchase authorization from $10 billion to $20 billion. EOG repurchased $1.717 billion of stock and paid $1.084 billion in dividends during the first six months of 2026.

Key facts

• In November 2021 the Board authorized repurchases up to $5 billion, increased in November 2024 to $10 billion, and effective May 20, 2026 increased again to $20 billion share repurchase authorization. source
• Net cash used in financing activities for the first six months of 2026 was $2,798 million and included share repurchases and other purchases of treasury stock of $1,717 million and dividend payments to stockholders of $1,084 million. source
• In November 2023, EOG committed, effective beginning with fiscal year 2024, to return a minimum of 70% of annual net cash provided by operating activities before certain balance sheet-related changes, less total capital expenditures, to stockholders via regular dividends, special dividends and share repurchases. source
• The Board declared quarterly cash dividends of $1.02 per share on February 24, 2026 (paid April 30, 2026), May 5, 2026 (paid July 31, 2026), and August 4, 2026 (to be paid October 30, 2026). source

Impact estimates