EOG Resources - 1792 Exchange

Rating Overview

EOG Resources is Medium Risk.

EOG Resources, Inc. is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	High Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Medium Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

EOG Resources integrates ESG into its business practices. From its 2023 Sustainability Report: “Management of environmental, social, and governance (ESG) related matters is integrated throughout EOG’s culture and our operations…. We encourage continuous improvement in ESG performance by setting targets, empowering our employees, measuring and reporting progress, and tying a portion of executive and employee compensation to achieving safety and environmental goals” (1). The company promotes divisive sex and gender policies. Its Code of Business Conduct and Ethics for Vendors and Contractors requires international vendors to include sexual orientation and gender identity in their nondiscrimination policy (2). In 2024, EOG Resources rebranded its ESG language and policies as sustainability; despite the rebranding, the underlying divisive corporate policies and practices appear to remain in place (3)(4). The company has a history of divisive corporate policies and practices. However, in 2024, the company removed DEI language and policies from its sustainability report. To date, the company has not publicly addressed this change, leaving shareholders without clarity regarding the company’s reasoning or future direction (5)(6). However, EOG Resources has not canceled customers, suppliers, or vendors based on political views or religious beliefs (7).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

High

Rationale:

EOG Resources will not match employee donations to “churches, synagogues, temples, any religious organization, or any program religious in nature or whose primary purpose is to further religious causes” (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

EOG Resources offers unconscious bias and DEI training to its employees (1). The company appears to prioritize diversity over merit in its leadership composition. From its 2023 Proxy Statement: “In evaluating the composition of our Board and Board committees and considering individual director nominees and Board committee appointments… the Nominating Committee considers, among other things, a person’s diversity attributes (e.g., professional experiences, skills, background, race/ethnicity and gender)” (2). EOG Resources is an affirmative action employer. “EOG Resources is an Equal Opportunity/Affirmative Action Employer including Veterans and Disabled” (3). The company does not provide viewpoint protections for its employees (4).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

EOG Resources is committed to net zero emissions by 2024 (1). The company supports DEI within its business practices. From its 2023 Sustainability Report: “EOG and our employees have a collective responsibility for creating a workplace where everyone feels included and respected. EOG values gender, racial, ethnic, and cultural diversity. We believe that diversity in background and experience, as well as an inclusive work environment, leads to diversity of thought, which helps foster creativity and drive innovation” (2). EOG Resources supports ESG within its business practices. From its 2023 Sustainability Report: “EOG interacts with a variety of stakeholders who are interested in different aspects of our business. We consider stakeholder interests when developing our approach to ESG matters and the content of our reporting” (3).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Medium

Rationale:

EOG Resources sponsored LGBTQ Saves (1)(2). Otherwise, there are no publicly known cases of EOG Resources using corporate funds to advance ideological causes, organizations, or policies (3).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

EOG Resources does not operate a PAC or report on its lobbying at this time (1)(2)(3).