EOG Resources Appoints Michael T. Kerr to Board of Directors; Declares Quarterly Dividend on Common Stock

Rhea-AI Summary

EOG Resources announced the appointment of Michael T. Kerr to its Board of Directors, effective October 5, 2020. Kerr brings over 36 years of investment experience, primarily with Capital Group, where he managed multiple funds and covered global oil and gas companies. His insights are expected to add value to EOG's strategic direction. Additionally, the company declared a quarterly dividend of $0.375 per share, payable on October 30, 2020, with an annual rate of $1.50.

Positive

• Appointment of Michael T. Kerr to Board of Directors adds significant investment experience.
• Quarterly dividend of $0.375 per share indicates financial stability and commitment to shareholders.

Negative

• None.

HOUSTON, Sept. 23, 2020 /PRNewswire/ -- EOG Resources, Inc. (EOG) today announced the appointment of Michael T. Kerr to its Board of Directors, effective October 5, 2020.

Kerr has over 36 years of investment experience, including 35 years with Capital Group, home of American Funds®, and one of the world's oldest and largest investment management organizations. During his tenure with Capital Group, Kerr has managed multiple funds as an equity portfolio manager after covering global oil and gas companies and U.S. utilities as an analyst earlier in his career. Kerr will be retiring from Capital Group, effective October 1, 2020. Prior to joining Capital Group, Kerr was an exploration geophysicist with Cities Service Company.

"We are excited to add someone with Mike's extensive portfolio management experience to the EOG Board of Directors," said William R. "Bill" Thomas, Chairman and Chief Executive Officer. "Mike will provide a unique perspective and add valuable insight drawing upon years of experience as an investor in both the oil and gas industry and the broader market. We are pleased to welcome Mike to the EOG team."

Dividend
The Board of Directors declared a dividend of $0.375 per share on EOG's Common Stock, payable October 30, 2020, to stockholders of record as of October 16, 2020. The indicated annual rate is $1.50.

About EOG
EOG Resources, Inc. (NYSE: EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States, Trinidad and China. To learn more visit www.eogresources.com.

Investor Contacts
David Streit  713-571-4902
Neel Panchal  713-571-4884

Media and Investor Contact
Kimberly Ehmer  713-571-4676

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SOURCE EOG Resources, Inc.

FAQ

What is EOG's recent dividend announcement?

EOG has declared a quarterly dividend of $0.375 per share, payable on October 30, 2020.

When is the record date for EOG's dividend payment?

The record date for EOG's dividend is October 16, 2020.

Who is Michael T. Kerr, and what is his role at EOG?

Michael T. Kerr has been appointed to EOG's Board of Directors, effective October 5, 2020, bringing extensive investment management experience.

What is the indicated annual dividend rate for EOG?

The indicated annual dividend rate for EOG is $1.50.