EOG Increases Share Repurchase Authorization to $20 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2026
0mins
In a regulatory filing, the company states: "As previously reported, EOG's Board has established a share repurchase authorization that allows for the repurchase by EOG of up to $10 billion of its common stock. For further information regarding the Share Repurchase Authorization, see Part II, Item 2, Unregistered Sales of Equity Securities and Use of Proceeds, in EOG's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026. As of March 31, 2026, (i) EOG had repurchased approximately 59.4 million shares at a total cost of approximately $7.1 billion (inclusive of commissions and transaction fees) under the Share Repurchase Authorization and (ii) approximately $2.9 billion remained available for repurchases under the Share Repurchase Authorization. On and effective May 20, 2026, the Board increased the Share Repurchase Authorization from $10 billion to $20 billion. This increase of $10 billion is additive to, and supplements, the amount remaining available for repurchases under the Share Repurchase Authorization."
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Analyst Views on EOG
Wall Street analysts forecast EOG stock price to fall
17 Analyst Rating
6 Buy
11 Hold
0 Sell
Moderate Buy
Current: 133.250
Low
114.00
Averages
131.00
High
151.00
Current: 133.250
Low
114.00
Averages
131.00
High
151.00
About EOG
EOG Resources, Inc. is a crude oil and natural gas exploration and production company. The Company explores, develops, produces, and markets crude oil, natural gas liquids (NGLs) and natural gas primarily in major producing basins in the United States, the Republic of Trinidad and Tobago (Trinidad) and, from time to time, selects other international areas. Its operations are located in the basins of the United States with a focus on crude oil and natural gas plays. It is focused on the Wolfcamp, Bone Spring, and Leonard plays. The South Texas area includes the Eagle Ford play and the Dorado gas play. It holds approximately 565,000 total net acres in the Eagle Ford play and approximately 160,000 net acres in the Dorado gas play. In Trinidad, the Company, through its subsidiaries, including EOG Resources Trinidad Limited, holds interests in the exploration and production licenses covering the South East Coast Consortium and Pelican Blocks, Banyan and Sercan Areas, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Executive Presentation: COO Jeffrey R. Leitzell will represent EOG, likely discussing the company's strategic direction and future plans, which could enhance investor confidence in the firm.
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