Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-28

EOG Resources (EOG)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$17,576,636
Ezra Yacob total, FY2025
69th
CEO pay percentile vs peers
78:1
CEO-to-median pay ratio
96.51%
Say-on-pay support, latest vote
Companies that benchmark against EOG
16 companies name EOG as a compensation peer

Each company listed discloses EOG in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named EOG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ezra Yacob$1,434,615$0$12,729,628$0$2,718,800$693,593$17,576,636
Chairman of the Board and Chief Executive Officer
Jeffrey Leitzell771,69204,656,9690990,000200,3136,618,974
Executive Vice President and Chief Operating Officer
Michael Donaldson784,46204,242,9680912,600299,0066,239,036
Executive Vice President and Chief Legal Officer
Ann Janssen725,38503,415,2070925,000136,9695,202,561
Executive Vice President and Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Ezra Yacob$17,576,636$16,214,625$14,558,772+1,362,011
Jeffrey Leitzell6,618,9745,933,5944,342,749+685,380
Michael Donaldson6,239,0365,165,8375,097,512+1,073,199
Ann Janssen5,202,5615,925,698−723,137

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeffrey LeitzellRSU2025-09-2615,343$1,799,887
Michael DonaldsonRSU2025-09-2611,2521,319,972
Ezra YacobPSU2025-09-26062,91062,910125,8207,809,647
Jeffrey LeitzellPSU2025-09-26023,01523,01546,0302,857,082
Michael DonaldsonPSU2025-09-26016,87816,87833,7562,095,235
Michael DonaldsonPSU2025-09-2604,0914,0918,182507,857
Michael DonaldsonRSU2025-09-262,727319,904
Ann JanssenRSU2025-09-2611,2521,319,972
Ann JanssenPSU2025-09-26016,87816,87833,7562,095,235
Ezra YacobRSU2025-09-2641,9404,919,981
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeffrey Leitzell$1,799,887$2,857,082$061.4%
Michael Donaldson1,639,8762,603,092061.4%
Ezra Yacob4,919,9817,809,647061.4%
Ann Janssen1,319,9722,095,235061.4%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jeffrey LeitzellRSU37,197$3,906,057
Jeffrey LeitzellRSU12,9831,648,062
Ezra YacobPSU210,00522,052,625
Ezra YacobRSU108,13611,355,361
Ezra YacobRSU57,3187,275,947
Ann JanssenRSU32,5653,419,651
Jeffrey LeitzellRSU16,8301,767,318
Michael DonaldsonPSU65,2206,848,752
Ezra YacobRSU31,8663,612,011
Michael DonaldsonRSU32,1523,376,282
Michael DonaldsonRSU10,5911,199,410
Ann JanssenPSU37,5003,937,875
Michael DonaldsonRSU24,9703,169,692
Ann JanssenRSU7,126807,732
Jeffrey LeitzellRSU5,665642,128
Jeffrey LeitzellPSU64,2956,751,618
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to align our executives long-term realizable pay with long-term performance, with a significant weighting on long-term incentives that are tied to the total shareholder returns our stockholders experience

CEO STI target (% of salary)150%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedging
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-20450,409,04615,902,955369,51596.51%Passed
20252025-05-21462,190,89116,009,235406,55496.57%Passed
20242024-05-22473,002,49024,535,909574,55494.96%Passed
20232023-05-24461,628,03940,563,362868,96591.76%Passed
20222022-04-20456,207,02838,028,798598,10492.19%Passed
20202020-04-30457,694,10324,278,6491,494,41294.67%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2096.51%a
20252025-05-2196.57%b
20242024-05-2294.96%c

a. Approved under the standard stated in the filing — “Abstentions with respect to this proposal will have the effect of a vote against this proposal and broker non-votes (which occur if a broker or other nominee does not have discretionary authority and has not received instructions with respect to this proposal within 10 days of the Annual Meeting) will not be counted in determining the number of shares necessary for approval.”.

b. Approved under the standard stated in the filing — “Abstentions with respect to this proposal will have the effect of a vote against this proposal and broker non-votes (which occur if a broker or other nominee does not have discretionary authority and has not received instructions with respect to this proposal within 10 days of the Annual Meeting) will not be counted in determining the number of shares necessary for approval.”.

c. Approved under the standard stated in the filing — “Abstentions with respect to this proposal will have the effect of a vote against this proposal and broker non-votes (which occur if a broker or other nominee does not have discretionary authority and has not received instructions with respect to this proposal within 10 days of the Annual Meeting) will not be counted in determining the number of shares necessary for approval.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)78 : 1
CEO total compensation$17,576,636
Median employee compensation$225,792
09

Board fee structure and ownership guideline

Annual cash retainer$110,000
Annual equity retainer$210,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000 / 20,000
Stock ownership guideline5x annual cash retainer ($550,000)
10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies EOG Resources names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including EOG Resources.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Cheniere Energy, Inc.2025Jack Fusco$1,765,385$19,291,784$0$4,569,600$25,647,769
2ConocoPhillips2025Ryan Lance1,800,00016,543,43404,590,00023,450,085
3Phillips 662025Mark Lashier1,741,66716,185,20403,734,13423,113,403
4Occidental Petroleum Corporation2025Vicki Hollub1,596,78112,298,20703,200,00018,055,969
5EOG Resources2025Ezra Yacob1,434,61512,729,62802,718,80017,576,636
6SLB Limited2025Olivier Le Peuch1,650,00012,374,95302,083,95017,347,291
7Halliburton Company2025Jeffrey Miller1,700,0007,992,78205,944,83616,525,407
8EQT Corporation2025Toby Rice113,552,23202,535,00016,087,233
9Diamondback Energy, Inc.2025Kaes Van t Hof1,109,50011,101,46202,676,35014,931,423
10Coterra Energy Inc.2024Thomas Jorden1,198,55810,628,85002,500,00014,748,960
11Ovintiv Inc.2025Brendan McCracken1,185,0009,900,00502,136,75013,693,140
12APA Corporation2025John Christmann IV1,300,0006,018,4361,897,9963,454,36013,202,517
13Devon Energy Corporation2025Clay Gaspar938,1259,633,68901,612,00012,566,384
14Expand Energy Corporation2025Domenic Dell'Osso947,3468,890,4449,879,106
15The Williams Companies, Inc.2025Chad Zamarin829,7885,999,96201,492,2558,682,793

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
EOG Resources125%PSU 60 · RSU 40Yes — Relative TSR vs Performance Peer GroupMeridian Compensation Partners, LLC
APA Corporation189.8%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPearl Meyer & Partners, LLC
Cheniere Energy, Inc.160%PSU 50 · RSU 50Yes — ATSRMeridian
ConocoPhillipsnot disclosednot disclosednot disclosednot disclosed
Coterra Energy Inc.174%PSU 50 · RSU 50Yes — Relative TSRZayla Partners
Devon Energy Corporation124%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners, LLC
Diamondback Energy, Inc.161%PSU 60 · RSU 40Yes — Total Stockholder Return (relative to TSR performance peer group)Meridian
EQT Corporation169%PSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Expand Energy Corporation150%PSU 70 · RSU 30Yes — Absolute Total Shareholder Return (aTSR)Meridian Compensation Partners, LLC
Halliburton Companynot disclosedPSU 50 · Cash LTI 50Yes — Total Shareholder Return (TSR)not disclosed
Occidental Petroleum Corporation125%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
Ovintiv Inc.140%RSU 50 · PSU 50Yes — Relative TSRFW Cook
Phillips 66134%PSU 70 · RSU 30Yes — Relative TSRMercer
SLB Limited84%PSU 75 · RSU 25Yes — Total Shareholder Return (TSR)Pay Governance
The Williams Companies, Inc.136%PSU 60 · RSU 40Yes — Relative TSRFW Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Ezra YacobDEF 14A2026-03-270001104659-26-036125Section “Summary Compensation Table” · page 47. As printed: 17,576,636. Filing ↗machine: t153 · r6 · c17 · span 1140550–1140560
2Section 01, Jeffrey LeitzellDEF 14A2026-03-270001104659-26-036125Section “Summary Compensation Table” · page 47. As printed: 6,618,974. Filing ↗machine: t153 · r12 · c17 · span 1169343–1169352
3Section 01, Michael DonaldsonDEF 14A2026-03-270001104659-26-036125Section “Summary Compensation Table” · page 47. As printed: 6,239,036. Filing ↗machine: t153 · r15 · c17 · span 1183364–1183373
4Section 01, Ann JanssenDEF 14A2026-03-270001104659-26-036125Section “Summary Compensation Table” · page 47. As printed: 5,202,561. Filing ↗machine: t153 · r9 · c17 · span 1154576–1154585
5Section 03, Jeffrey Leitzell RSUDEF 14A2026-03-270001104659-26-036125Section “COMPENSATION AND HUMAN RESOURCES COMMITTEE” · grants of plan-based awards table. Filing ↗machine: t161 · r17 · c24 · span 1318192–1318201
6Section 03, Michael Donaldson RSUDEF 14A2026-03-270001104659-26-036125Section “COMPENSATION AND HUMAN RESOURCES COMMITTEE” · grants of plan-based awards table. Filing ↗machine: t161 · r21 · c24 · span 1345605–1345614
7Section 03, Ezra Yacob PSUDEF 14A2026-03-270001104659-26-036125Section “COMPENSATION AND HUMAN RESOURCES COMMITTEE” · grants of plan-based awards table. Filing ↗machine: t161 · r10 · c24 · span 1270795–1270804
8Section 03, Jeffrey Leitzell PSUDEF 14A2026-03-270001104659-26-036125Section “COMPENSATION AND HUMAN RESOURCES COMMITTEE” · grants of plan-based awards table. Filing ↗machine: t161 · r16 · c24 · span 1311769–1311778
9Section 03, Michael Donaldson PSUDEF 14A2026-03-270001104659-26-036125Section “COMPENSATION AND HUMAN RESOURCES COMMITTEE” · grants of plan-based awards table. Filing ↗machine: t161 · r19 · c24 · span 1332021–1332030
10Section 03, Michael Donaldson PSUDEF 14A2026-03-270001104659-26-036125Section “COMPENSATION AND HUMAN RESOURCES COMMITTEE” · grants of plan-based awards table. Filing ↗machine: t161 · r20 · c24 · span 1338556–1338563
11Section 03, Michael Donaldson RSUDEF 14A2026-03-270001104659-26-036125Section “COMPENSATION AND HUMAN RESOURCES COMMITTEE” · grants of plan-based awards table. Filing ↗machine: t161 · r22 · c24 · span 1352655–1352662
12Section 03, Ann Janssen RSUDEF 14A2026-03-270001104659-26-036125Section “COMPENSATION AND HUMAN RESOURCES COMMITTEE” · grants of plan-based awards table. Filing ↗machine: t161 · r14 · c24 · span 1297941–1297950
13Section 03, Ann Janssen PSUDEF 14A2026-03-270001104659-26-036125Section “COMPENSATION AND HUMAN RESOURCES COMMITTEE” · grants of plan-based awards table. Filing ↗machine: t161 · r13 · c24 · span 1291043–1291052
14Section 03, Ezra Yacob RSUDEF 14A2026-03-270001104659-26-036125Section “COMPENSATION AND HUMAN RESOURCES COMMITTEE” · grants of plan-based awards table. Filing ↗machine: t161 · r11 · c24 · span 1277218–1277227
15Section 07, pay ratioDEF 14A2026-03-270001104659-26-036125Section “CEO Pay Ratio”. As printed: 78 : 1. Filing ↗machine: span 2004444–2004446
16Section 06, 2026 voteForm 8-K2026-05-210000821189-26-000107Item 5.07 · say-on-pay result. As reported: 96.51% (votes for as printed: 450,409,046). Filing ↗
17Section 06, 2025 voteForm 8-K2025-05-270000821189-25-000027Item 5.07 · say-on-pay result. As reported: 96.57% (votes for as printed: 462,190,891). Filing ↗
18Section 06, 2024 voteForm 8-K2024-05-240000821189-24-000023Item 5.07 · say-on-pay result. As reported: 94.96% (votes for as printed: 473,002,490). Filing ↗
19Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
20Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
21Cheniere Energy, Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-144572CEO total compensation as printed in Cheniere Energy, Inc.'s own proxy. As printed: 25,647,769. Filing ↗machine: t411 · r3 · c27 · span 1229633–1229643
22ConocoPhillips, Section 10b CEO totalDEF 14A2026-03-300001104659-26-036366CEO total compensation as printed in ConocoPhillips's own proxy. As printed: 23,450,085. Filing ↗machine: span 1829926–1829936
23Phillips 66, Section 10b CEO totalDEF 14A2026-04-020001534701-26-000010CEO total compensation as printed in Phillips 66's own proxy. As printed: 23,113,403. Filing ↗machine: t231 · r4 · c13 · span 1318456–1318466
24Occidental Petroleum Corporation, Section 10b CEO totalDEF 14A2026-03-190001628280-26-019816CEO total compensation as printed in Occidental Petroleum Corporation's own proxy. As printed: 18,055,969. Filing ↗machine: r2 · c17 · span 2031997–2032007
25EOG Resources (subject), Section 10b CEO totalDEF 14A2026-03-270001104659-26-036125CEO total compensation as printed in EOG Resources's own proxy. As printed: 17,576,636. Filing ↗machine: t153 · r6 · c17 · span 1140550–1140560
26SLB Limited, Section 10b CEO totalDEF 14A2026-02-260001308179-26-000024CEO total compensation as printed in SLB Limited's own proxy. As printed: 17,347,291. Filing ↗machine: t235 · r1 · c14 · span 700975–700985
27Halliburton Company, Section 10b CEO totalDEF 14A2026-03-310000045012-26-000033CEO total compensation as printed in Halliburton Company's own proxy. As printed: 16,525,407. Filing ↗machine: t159 · r2 · c18 · span 2610544–2610554
28EQT Corporation, Section 10b CEO totalDEF 14A2026-02-260001104659-26-020027CEO total compensation as printed in EQT Corporation's own proxy. As printed: 16,087,233. Filing ↗machine: r1 · c48 · span 1446364–1446374
29Diamondback Energy, Inc., Section 10b CEO totalDEF 14A2026-04-090001308179-26-000242CEO total compensation as printed in Diamondback Energy, Inc.'s own proxy. As printed: 14,931,423. Filing ↗machine: t243 · span 824819–824829
30Coterra Energy Inc., Section 10b CEO totalDEF 14A2025-03-200001104659-25-026126CEO total compensation as printed in Coterra Energy Inc.'s own proxy. As printed: 14,748,960. Filing ↗machine: t61 · r1 · c63 · span 936374–936384
31Ovintiv Inc., Section 10b CEO totalDEF 14A2026-03-250001193125-26-124351CEO total compensation as printed in Ovintiv Inc.'s own proxy. As printed: 13,693,140. Filing ↗machine: r3 · c31 · span 1274573–1274583
32APA Corporation, Section 10b CEO totalDEF 14A2026-04-090001193125-26-149453CEO total compensation as printed in APA Corporation's own proxy. As printed: 13,202,517. Filing ↗machine: t67 · r2 · c24 · span 1213765–1213775
33Devon Energy Corporation, Section 10b CEO totalDEF 14A2026-05-280001104659-26-067065CEO total compensation as printed in Devon Energy Corporation's own proxy. As printed: 12,566,384. Filing ↗machine: r1 · c22 · span 1488697–1488707
34Expand Energy Corporation, Section 10b CEO totalDEF 14A2026-04-240001104659-26-048155CEO total compensation as printed in Expand Energy Corporation's own proxy. As printed: 9,879,106. Filing ↗
35The Williams Companies, Inc., Section 10b CEO totalDEF 14A2026-03-180001193125-26-112643CEO total compensation as printed in The Williams Companies, Inc.'s own proxy. As printed: 8,682,793. Filing ↗machine: r5 · c17 · span 4189334–4189344
36Section 10a, Expand Energy Corporation reciprocityDEF 14A0001104659-26-048155Expand Energy Corporation names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, Cheniere Energy, Inc. reciprocityDEF 14A0001193125-26-144572Cheniere Energy, Inc. names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
38Section 10a, Halliburton Company reciprocityDEF 14A0000045012-26-000033Halliburton Company's most recent proxy was read; its disclosed peer group does not include EOG Resources. Filing ↗
39Section 10a, Ovintiv Inc. reciprocityDEF 14A0001193125-26-124351Ovintiv Inc. names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
40Section 10a, Phillips 66 reciprocityDEF 14A0001534701-26-000010Phillips 66's most recent proxy was read; its disclosed peer group does not include EOG Resources. Filing ↗
41Section 10a, Coterra Energy Inc. reciprocityDEF 14A0001104659-25-026126Coterra Energy Inc. names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
42Section 10a, Devon Energy Corporation reciprocityDEF 14A0001104659-26-067065Devon Energy Corporation names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
43Section 10a, SLB Limited reciprocityDEF 14A0001308179-26-000024SLB Limited names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, EQT Corporation reciprocityDEF 14A0001104659-26-020027EQT Corporation names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, The Williams Companies, Inc. reciprocityDEF 14A0001193125-26-112643The Williams Companies, Inc. names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, ConocoPhillips reciprocityDEF 14A0001104659-26-036366ConocoPhillips names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Occidental Petroleum Corporation reciprocityDEF 14A0001628280-26-019816Occidental Petroleum Corporation names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
48Section 10a, APA Corporation reciprocityDEF 14A0001193125-26-149453APA Corporation names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, Diamondback Energy, Inc. reciprocityDEF 14A0001308179-26-000242Diamondback Energy, Inc. names EOG Resources in its own disclosed peer group (read from its most recent proxy). Filing ↗