EOG Benefits From Its Multibasin Shale Exposure

EOG Resources' capital allocation strategy stands somewhat apart from other US exploration and production players. Like its peers, EOG emphasizes returning cash to shareholders, but it is still willing to invest in modest production growth. In an industry that overextended itself during the shale revolution, EOG pivoted sooner than most in becoming a low-cost provider. Its enviable asset mix, including its leading position in the Delaware Basin, positions the firm as a premier shale player with best-in-class returns on capital.