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EOG Resources Stock to Split March 1; Quarterly Preferred Dividend Declared

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FOR IMMEDIATE RELEASE: Friday, February 25, 2005

The common shares of EOG Resources, Inc. (EOG) will split two-for-one in the form of a stock dividend on Tuesday, March 1, 2005. The shares will open on the New York Stock Exchange on Wednesday, March 2, 2005, at the post-split levels. EOG announced plans on February 2, 2005 for the stock split to be issued to shareholders of record as of February 15, 2005.

On February 24, 2005, the EOG Board of Directors declared a dividend of $17.9875 per share on the Series B Preferred Stock of the company, payable March 15, 2005 to shareholders of record as of March 8, 2005.

The board had recently announced and declared a 33 percent increase in the regular post-split quarterly dividend to $.04 per share on the common stock of the company, payable April 29, 2005 to shareholders of record as of April 15, 2005. The indicated post-split annual rate is $.16 per share.

EOG Resources, Inc. is one of the largest independent (non-integrated) oil and natural gas companies in the United States with substantial proved reserves in the United States, Canada, offshore Trinidad and, to a lesser extent, the United Kingdom North Sea. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol "EOG".

For Further Information Contact:

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

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

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