Commodity Price Sensitivity
For each $1.00 per barrel increase or decrease in crude oil and condensate price, combined with the estimated change in NGL price, EOG's net income sensitivity is approximately $172 million for full-year 2026. For natural gas, a $0.10 per Mcf change impacts net income by $60 million.
Operating Efficiency Initiatives
EOG continues to enhance drilling and completion efficiencies through its downhole drilling motor program, extended laterals, and self-sourced sand program, which reduce costs and improve well performance.
2026 Capital and Production Outlook
Total 2026 capital expenditures are estimated at $6.3 to $6.7 billion. Full-year oil production is expected to increase 5%, and total production is expected to increase 14%, with a focus on the Delaware Basin, Utica, and Eagle Ford.