EOG Resources Names Jeffrey Hibbard CFO for 2027
Future restricted stock and RSU grants will vest over three years, while performance-unit awards receive a revised negative-TSR adjustment.
Rhea-AI Filing Summary
EOG Resources, Inc. appointed Jeffrey W. Hibbard as Executive Vice President and Chief Financial Officer and principal financial officer, effective January 1, 2027, succeeding Ann D. Janssen. Janssen’s last day in those roles is December 31, 2026; beginning January 1, 2027, she will serve as an advisor to EOG.
Future restricted stock and RSU grants will vest ratably over three years, one-third per year, instead of vesting in full after three years. The change begins with grants effective September 25, 2026. For performance units, if total shareholder return over the three-year performance period is negative and the performance multiple, as adjusted for the Absolute ROCE Modifier, exceeds 100%, the portion above target will be reduced by 50%. This replaces the prior Negative TSR Cap provision; updated peer companies also apply to future grants.
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ratable (i.e., pro rata) vesting financial
performance units financial
Absolute ROCE Modifier financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 24, 2026 (
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EOG RESOURCES, INC.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b), (c) On September 23, 2026, Ann D. Janssen informed the Board of Directors (Board) of EOG Resources, Inc. (EOG) of her decision to retire from EOG. In connection with Ms. Janssen’s transition toward retirement, her last day of service as EOG’s Executive Vice President and Chief Financial Officer and principal financial officer will be December 31, 2026. Beginning January 1, 2027, Ms. Janssen will be employed as an advisor to EOG.
Ms. Janssen, who joined a predecessor of EOG in 1995, has served as EOG’s Executive Vice President and Chief Financial Officer and principal financial officer since January 2024 and previously served as EOG’s Senior Vice President and Chief Accounting Officer from February 2018 through December 2023. Prior to that, Ms. Janssen held various finance and accounting leadership roles of increasing responsibility.
Also on September 23, 2026, the Board appointed Jeffrey W. Hibbard, 44, as EOG’s Executive Vice President and Chief Financial Officer and principal financial officer (replacing Ms. Janssen), in each case, effective January 1, 2027. Mr. Hibbard has served as EOG’s Senior Vice President, Finance since joining EOG in August 2025. Before joining EOG, Mr. Hibbard worked for Morgan Stanley for more than 20 years, in various investment banking roles of increasing responsibility, and most recently served as a Managing Director in Morgan Stanley’s Global Energy Group.
For additional information, see the press release issued by EOG on September 24, 2026, which is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
(e) On September 22, 2026, the Compensation and Human Resources Committee of the Board (Compensation Committee) approved certain amendments to EOG’s long-term incentive awards to executive officers and other employees.
Amended Vesting Schedule for Restricted Stock/RSU Grants. In order to enhance the recruiting and retention objectives of EOG’s compensation program and align EOG’s compensation practices with the compensation practices of EOG’s peer companies (with whom EOG competes for personnel), the Compensation Committee amended the vesting schedule for future grants of restricted stock and restricted stock units (RSUs) to provide for ratable (i.e., pro rata) vesting over three years (i.e., one-third per year). Previous grants of restricted stock and RSUs provided for “cliff” (i.e., 100%) vesting three years from the date of grant.
The amended vesting schedule will govern future grants of restricted stock and RSUs, beginning with the grants awarded by the Compensation Committee effective September 25, 2026.
The updated forms of award agreements for grants of restricted stock and RSUs, reflecting the amended vesting schedule and certain conforming changes to the termination provisions applicable to the grants, will be filed as exhibits to EOG’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
Amendments to Form of Performance Units Award Agreement. Also on September 22, 2026, the Compensation Committee approved certain amendments to EOG’s form of award agreement for grants of RSUs with performance-based conditions (performance units), including an amendment to provide that, in the event EOG’s total shareholder return (TSR) over the three-year performance period is negative (i.e., less than 0%) and the performance multiple (as adjusted for the “Absolute ROCE Modifier”) exceeds target (i.e., 100%), the portion of the performance multiple that exceeds target shall be reduced by 50% (i.e., shall be halved) in determining the applicable performance multiple. Such provision replaces the “Negative TSR Cap” provision included in EOG’s previous form of award agreement.
In addition, the Compensation Committee approved updated peer companies for inclusion in the amended form of award agreement, which will govern future grants of performance units, beginning with the grants awarded by the Compensation Committee effective September 25, 2026.
The amended form of award agreement for grants of performance units, reflecting the above-described negative TSR modifier and the updated peer companies, will be filed as an exhibit to EOG’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
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| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | Press Release of EOG Resources, Inc. dated September 24, 2026. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EOG RESOURCES, INC. (Registrant) | ||||||
| Date: September 24, 2026 | By: | /s/ Ann D. Janssen | ||||
| Ann D. Janssen | ||||||
| Executive Vice President and Chief Financial Officer | ||||||
| (Principal Financial Officer and Duly Authorized Officer) | ||||||
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Exhibit 99.1
September 24, 2026
EOG Resources Announces Ann Janssen’s Retirement and Jeff Hibbard as Next CFO
HOUSTON – EOG Resources, Inc. (EOG) today announced that Ann D. Janssen has elected to retire from EOG. The Board of Directors has appointed Jeffrey W. “Jeff” Hibbard to succeed Janssen as Executive Vice President and Chief Financial Officer, effective January 1, 2027. Janssen will continue serving as an advisor to allow for the transition of her responsibilities prior to retirement in 2027.
“Throughout her career, Ann has led by example, setting the standard for capital discipline, financial integrity, and a rigorous approach to accounting and financial reporting,” said Ezra Y. Yacob, Chairman and Chief Executive Officer. “As CFO, Ann championed the flexibility, value, and competitive advantage provided by a pristine balance sheet cementing EOG’s financial foundation. I’m grateful for the incredible team Ann has built here at EOG and to retain her counsel as an advisor while she transitions to a well-deserved retirement.”
Ann Janssen has worked at EOG for more than 30 years after joining a predecessor company in 1995. She has served as EOG’s Executive Vice President and Chief Financial Officer since January 2024. She previously served as Senior Vice President and Chief Accounting Officer following several roles leading the accounting, financial reporting and planning, and treasury functions at EOG.
“Jeff has been an invaluable addition to our finance organization, and I’m excited about EOG’s future under his leadership,” said Yacob. “Jeff’s deep understanding of the business, developed over two decades serving the oil and gas industry, combined with the same commitment to capital discipline that Ann instilled, makes him the right choice to guide EOG’s financial strategy.”
Jeff Hibbard has served as EOG’s Senior Vice President, Finance since joining EOG in August 2025. Before joining EOG, Hibbard worked for Morgan Stanley for more than 20 years, in various investment banking roles of increasing responsibility, and most recently served as a Managing Director in Morgan Stanley’s Global Energy Group.
About EOG
EOG Resources, Inc. (NYSE: EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States and Trinidad. To learn more visit www.eogresources.com.
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