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EOG Resources, Inc. Declares Quarterly Dividends
PRNewswire-FirstCall
HOUSTON

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FOR IMMEDIATE RELEASE: Tuesday, May 6, 2003

The Board of Directors of EOG Resources, Inc. declared a dividend of $17.9875 per share on the Series B Preferred Stock of the company, payable June 13, 2003 to shareholders of record as of June 6, 2003.

The Board also declared a dividend of $1,710.00 per share on the Series D Preferred Stock of the company, payable June 16, 2003, to shareholders of record as of June 13, 2003.

The Board had recently announced and declared a 25 percent increase in the regular quarterly dividend to $.05 per share on the common stock of the company, payable July 31, 2003 to shareholders of record as of July 17, 2003. The indicated annual rate is $.20 per share.

EOG Resources, Inc. is one of the largest independent (non-integrated) oil and natural gas companies in the United States and is the operator of substantial proved reserves in the U.S., Canada and offshore Trinidad. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol "EOG".

Investors
Maire A. Baldwin
(713) 651-6EOG (651-6364)

Media and Investors
Elizabeth M. Ivers
(713) 651-7132

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