EOG Resources, Inc. explores for, develops, produces, and markets crude oil, natural gas liquids (NGLs) including ethane, propane, butanes and natural gasoline, and natural gas primarily from major producing basins in the United States such as the Permian Basin, Eagle Ford Shale, Delaware Basin, Powder River Basin, Bakken, and Utica Shale; Trinidad operations focus on offshore natural gas and crude oil production; other international activities occur in limited capacities in Canada, China and Bahrain. The company targets refineries, trading companies, petrochemical firms and heating markets with high-quality light sweet crude, NGLs and natural gas, emphasizing low-cost operations through advanced horizontal drilling, hydraulic fracturing and data analytics for high-return resource plays. Headquartered in Houston, Texas at Heritage Plaza, EOG Resources traces its origins to 1985 as Enron Oil & Gas Company and operates independently since 1999 with proved reserves of approximately 4.7 billion barrels of oil equivalent, predominantly in the United States. In a major recent development, EOG Resources completes the $5.7 billion acquisition of Encino Acquisition Partners in November 2025 from the Canada Pension Plan Investment Board and Encino Energy, adding 675,000 net acres in the Utica Shale to reach 1.1 million net acres with over two billion barrels of oil equivalent undeveloped resources, expanding the volatile oil window by 235,000 net acres to 485,000 contiguous acres averaging 65 percent liquids production, enhancing natural gas positions with firm transportation to premium markets, and boosting Q3 2025 production to 1.3 million barrels of oil equivalent per day including synergies exceeding $150 million annually. The company raises its regular quarterly dividend by five percent to $1.02 per share concurrent with the transaction and maintains a strong balance sheet with $3.53 billion in cash equivalents at Q3 2025 end while targeting full-year 2025 output of 1.21 to 1.23 million barrels of oil equivalent per day.