EOG Resources Inc. (EOG) will start a search for a new president as Lloyd W. Helms Jr. has decided to retire on May 31, 2024.
Since joining the EOG predecessor company in 1981, Helms has served in several positions across multiple divisions within the organization.
“He joined the Houston executive management team in 2012 as Executive Vice President, Exploration and Production, managing EOG's operations across several divisions along with the company's Engineering and Acquisitions and Business Development functions”, the company said in a media release.
He served as chief operating officer from 2017 through 2023 and as president of EOG since 2021.
"Billy has been a champion of utilizing innovation to constantly improve the company throughout his more than 40-year career with EOG", said Ezra Y. Yacob, Chairman and Chief Executive Officer. "He encourages employees to pursue innovative ideas and creative solutions that utilize in-field technology, information technology, and new processes to drill better wells for lower cost, more safely, and with lower emissions".
EOG said Helms leaves the company in a strong position as one of the largest crude oil and natural gas exploration and production companies in the United States. EOG ended 2023 with a $7.6 billion net income while generating $5.1 billion of free cash flow.
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