Chord Energy (CHRD) Proxy Filing summary

Executive summary

• Achieved a leading position in the Williston Basin through strategic transactions and integration of Enerplus assets, driving operational efficiency and financial returns over the past four years.

• Maintained a best-in-class balance sheet, enabling flexibility and resilience in volatile markets, and returned $944 million to shareholders in 2024 through dividends and share repurchases.

• Unveiled a multi-year outlook projecting stable production volumes through 2027 with lower capital expenditures, underpinned by technical innovation and synergy capture exceeding $200 million.

• Continued focus on sustainability, safety, and inclusive culture, with significant reductions in GHG and methane emissions since 2019.

Voting matters and shareholder proposals

• Shareholders will vote on the election of eleven directors, an advisory vote on executive compensation, and ratification of PricewaterhouseCoopers LLP as the independent auditor for 2025.

• Board recommends voting “FOR” all director nominees, executive compensation, and auditor ratification.

• Shareholders have rights to call special meetings and proxy access for board nominations.

Board of directors and corporate governance

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

• Recent board refreshment added four former Enerplus directors, enhancing expertise and diversity.

• Separate CEO and Board Chair roles, annual director elections, majority voting, and no supermajority or poison pill provisions.

• Robust annual board and committee evaluation, director stock ownership guidelines, and regular shareholder engagement.