EFTA Document EFTA01457545

4 May 2015 Oil & Gas Exploration & Production EOG Resources Figure: 2 . EOC 04 Actual:, vs GB Lst:rrat< DB Snapshot EOG Resources DB(E) Actua Is Actual Actual 0115 Q115 Diff. 0414 0114 Seq. Y/Y Income Statement: ($ in Millions) Total Revenues 2,836 2,319 -18.3% 4,645 4,084 -50% -43% Adjusted EBITDA 980 1,104 12.6% 1,808 2,131 -39% -48% Depreciation Expense 924 913 -1.2% 1,014 946 -10% -4% Net Income 4 17 304.9% 432 768 -96% -98% Per Share: Adjusted EPS $0.01 $0.03 307.4% $0.79 $1.40 -96% -98% Shares Outstanding (Diluted) 548 545 -0.6% 548 548 -1% -1% Cash Flow Statement: ($ in Millions) Funds from Operations (FFO) 992 961 -3.2% 2110 2268 -54% -58% Capital Expenditures (1.276) (1,546) 21.1% (2,007) (1,903) -23% -19% Free Cash Flow (FCF) (284) (585) 106.3% $104 $365 -663% -260% Balance Sheet: ($ in Millions) Total Debt 5.859 6.900 17.8% 5,859 5,910 18% 17% Cash Balance 1,712 2,100 22.7% 2087 1667 1% 26% Net Debt 4,147 4,800 16.7% $3,771 $4,242 27.3% 13.1% Production: Oil (MMboe/d) 293 300 2% 308 267 3% 12% NGLs (MMboe/d) 79 78 -2% 84 72 -7% 8% Natural Gas IMMcfeld) 1,267 1,273 0% 1,310 1,352 -).:./ -6% Total Production (Mboe/d) 583 589 1% 626 492 12% 20% Unhedged Realizations O4 ($/bbl) $47.56 $46.68 -2% $72.74 $100.24 -36% -53% NGL ($/bbl) $16.10 $16.08 0% $2a53 $3a20 -32% -58% Gas ($1mcf) $2.58 $2.51 -3% $3.38 $4.57 -26% -45% Unit Costs (USS/boe): LOE $6.50 $6.81 5% $6.79 $6.33 0% 8% Production Taxes $2.14 $2.01 -6% $2.70 $3.86 -26% -48% Transportation $4.75 $4.30 -9% $4.32 $4.80 0% -10% SG&A $1.81 $1.59 -12% $2.34 $1.63 -32% -3% DD&A $17.60 $17.60 0% $18.08 $18.67 -3% -6% Operating Costs $32.80 $32.31 -1.5% $34.23 $35.29 -6% -8% Source Detach. Sent Cov✓s Dam Deutsche Bank Securities Inc. Page 3 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0117130 SDNY_GM_00263314 EFTA01457545