Tom Jorden

Tom Jorden leads Coterra Energy as Chairman, President, and CEO — the company he created through the 2021 merger of Cabot Oil & Gas (a Marcellus Shale natural gas pure-play) and Cimarex Energy (a Permian Basin oil producer that Jorden led). The merger created a uniquely balanced US E&P company with premier positions in two of America's most productive hydrocarbon basins. The Marcellus Shale operations (northeastern Pennsylvania) produce dry natural gas at some of the lowest costs in the United States. Cabot's Susquehanna County acreage is among the most productive in the entire Marcellus. The Permian Basin operations (West Texas and New Mexico) produce oil and associated natural gas, providing exposure to crude oil prices. This dual commodity exposure is a natural hedge — when gas prices are weak, oil typically supports results, and vice versa. Jorden has emphasized capital discipline, returning substantial cash to shareholders through dividends and share buybacks rather than pursuing growth-at-all-costs. Coterra targets returning 50%+ of free cash flow to shareholders annually. Key stock drivers include natural gas prices (Henry Hub), crude oil prices (WTI), production volumes and growth rates, well productivity and capital efficiency, free cash flow generation, shareholder return program, LNG export demand driving gas prices, and the competitive dynamics among Permian and Marcellus operators.