EX-13 5 exhibit13cover.txt ANNUAL REPORT TO SECURITY HOLDERS - COVER COVER EXHIBIT 13 EOG RESOURCES, INC. 2000 ANNUAL REPORT TO SHAREHOLDERS EOG salutes its employees who are creating the oil and gas exploration and production company of the future by including every employee's name on the cover of its 2000 annual report. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial and Operating Highlights --------------------------------------------------------------- (In millions, except per share data, unless otherwise indicated) 2000 1999 1998 1997 1996 1995 ------------------------------------------------------------------------------------------------------------------------------- Net Operating Revenues, As Adjusted * $1,490 $ 794 $ 732 $ 784 $ 747 $ 667 Income Before Interest and Taxes, As Adjusted * $ 695 $ 147 $ 81 $ 183 $ 204 $ 195 Net Income Available to Common, As Adjusted * $ 386 $ 58 $ 43 $ 117 $ 140 $ 141 Adjustments for India and China Operations and Certain Non-recurring Items $ - $ 511 $ 13 $ 5 $ - $ 1 Net Income Available to Common, As Reported $ 386 $ 569 $ 56 $ 122 $ 140 $ 142 Discretionary Cash Flow Available to Common * $1,007 $ 466 $ 427 $ 492 $ 478 $ 421 Exploration and Development Expenditures * $ 687 $ 428 $ 716 $ 619 $ 515 $ 492 Wellhead Statistics Natural Gas Volumes (MMcf/d) * 908 892 915 871 830 743 Natural Gas Prices ($/Mcf) * $ 3.49 $ 2.01 $ 1.80 $ 2.11 $ 1.84 $ 1.36 Crude Oil and Condensate Volumes (MBbls/d) * 27.5 19.4 19.6 17.6 16.8 16.6 Crude Oil and Condensate Prices ($/Bbl) * $29.57 $18.02 $12.65 $19.24 $20.70 $16.80 Natural Gas Liquids Volumes (MBbls/d) 4.7 3.4 3.9 3.9 2.5 1.4 Natural Gas Liquids Prices ($/Bbl) $19.87 $12.24 $ 8.38 $12.17 $13.00 $11.31 NYSE Price Range ($/Share) High $56.69 $25.38 $24.50 $27.00 $30.63 $25.38 Low $13.69 $14.38 $11.75 $17.50 $22.38 $17.13 Close $54.63 $17.56 $17.25 $21.19 $25.25 $24.00 Cash Dividends Per Share $ .135 $ .120 $ .120 $ .120 $ .120 $ .120 Average Shares Outstanding 117.1 140.9 154.3 157.4 159.9 159.9 Year-end Shares Outstanding 116.9 119.1 153.7 155.1 159.8 159.8 * 1995 - 1999 adjusted to exclude India and China operations and certain non-recurring items.
On the Cover EOG salutes its employees who are building the exploration and production company of the future. EOG's stock price more than tripled during 2000, ranking third in Standard & Poor's 500 index. Contents Letter to Shareholders................................. 2 Review of Operations................................... 6 Midland, Texas Division................................ 8 Denver, Colorado Division.............................. 9 Oklahoma City/Mid-Continent Division................... 10 Tyler, Texas Division.................................. 11 Corpus Christi, Texas Division......................... 12 Pittsburgh, Pennsylvania Division...................... 13 Houston,Texas/Offshore Division........................ 14 Calgary, Canada Division............................... 15 International Division................................. 16 Financial Review....................................... 17 Officers and Directors................................. 54 Glossary of Terms...................................... 55 Shareholder Information................................ 56