Chord Energy (CHRD) Proxy filing summary

Executive summary

• Achieved strong operational and financial performance in 2025, exceeding expectations with higher production, lower capital, improved margins, and enhanced free cash flow.

• Returned over $700 million to shareholders in 2025 while maintaining balance sheet strength and resilience across commodity cycles.

• Advanced technology initiatives, including AI and machine learning, to optimize production and reduce costs.

• Maintained a disciplined capital allocation strategy, focusing on operational excellence, selective M&A, and responsible stewardship.

Voting matters and shareholder proposals

• Shareholders will vote on the election of eleven directors, an advisory say-on-pay vote for executive compensation, and ratification of PricewaterhouseCoopers LLP as the independent auditor for 2026.

• Board recommends voting FOR all proposals.

• Proxy access and special meeting rights are available to shareholders.

Board of directors and corporate governance

• Board comprises 82% independent directors, with diverse skills and an average of over 30 years of industry experience.

• Recent board refreshment added members from strategic transactions, enhancing expertise.

• Annual election of directors, majority voting, and director resignation policy in place.

• Separate CEO and Board Chair roles, robust evaluation and education processes, and strong shareholder engagement.