Rooted in our core values, we maintain responsible energy practices that reflect our commitment to energy security and reliability. Our sustainability highlights demonstrate an ongoing commitment to energizing the world responsibly.
Letter from the CEO and Safety and Sustainability Committee Chair
Dear Stakeholders,
2025 was a year of meaningful progress for Chord Energy. In a dynamic commodity price environment, we stayed disciplined and delivered durable results across the business, further strengthening our position as a leading operator in the Williston Basin. We improved our cost structure, sharpened our capital efficiency, and generated strong free cash flow while operating responsibly and contributing to the well-being of the communities where we live and work. These strengths position us to deliver competitive shareholder returns across commodity cycles.
Our 2025 results reflected both innovation and discipline. We reached our goal of converting approximately 80% of our inventory to long laterals ahead of schedule, lowering our cost of supply, and strengthening returns. Wider well spacing and the addition of four-mile laterals to our development program extended our advantage, supporting stable production at lower capital levels and underscoring our ability to perform through the cycle. Our focus remains clear: drive operational excellence, apply technology where it creates value, and stay disciplined to maximize long-term value.
We also recognize that energy production carries an obligation to operate safely, minimize adverse environmental impact, and maintain transparency with our stakeholders. Since 2022, we have reduced our operated Scope 1 greenhouse gas emissions intensity by 30% and our methane emissions intensity by more than 70%, pursuing these gains the way we approach the rest of the business, by prioritizing the projects that deliver the greatest reduction for each dollar invested.
That same sense of responsibility extends to the communities where we live and work, through local giving, employee volunteerism, and our long-standing relationship with the MHA Nation on the Fort Berthold Indian Reservation. In 2025, Chord was honored to be recognized as the North Dakota Petroleum Council’s Member Company of the Year. We were also proud to receive Business Excellence Awards from both the American Foundation for Suicide Prevention (AFSP) and Vision West for our leadership and commitment to behavioral health.
Our commitment to sustainability reflects a clear understanding of the essential role oil and natural gas play in human progress. Reliable access to affordable energy has long been tied to improvements in quality of life, from longer life expectancy to expanded economic opportunity. Meeting the world’s growing energy needs requires an “all sources” approach in which hydrocarbons remain critical, not only for transportation and power generation but as the feedstocks behind pharmaceuticals, electronics, and countless products essential to modern living. When combined with logical regulatory standards, oil and gas can deliver broad economic, environmental, and societal benefits.
The U.S. shale revolution illustrates this impact, strengthening energy security, moderating price volatility, and saving consumers trillions of dollars while the country outpaced other major economies in emissions reductions. That case is only growing stronger, as electricity demand rises at its fastest pace in decades, driven in part by data centers and artificial intelligence. Meeting it will require more of the firm, dispatchable energy Chord produces, and we are proud to help supply it responsibly, continuing to reduce our environmental footprint as we do.
We work to keep our sustainability priorities aligned with our business and stakeholder expectations. In early 2025 we refreshed our materiality assessment, engaging a broad range of internal and external perspectives to validate where our efforts matter most. The process confirmed strong alignment with our strategic priorities and continues to guide our approach. Oversight of these priorities rests with the Board and its committees, and we tie quantitative safety and environmental measures to our incentive programs, reinforcing the link between responsible operations and long-term shareholder value.
Looking ahead, we are well positioned as a stronger, more efficient, and more resilient company. We will keep building on our record of operational excellence and prudent capital allocation, and we will keep investing in the people, technologies, and capabilities that make continued progress possible, while remaining committed to operating safely and transparently.
We are proud of what our team accomplished in 2025 and grateful for the trust our investors, employees, and communities place in us. Together, we will continue to meet the world’s energy needs safely and reliably, today and in the future.
Sincerely,
Daniel E. Brown
President, Chief Executive Officer, and Member of the Board of Directors
Samantha Holroyd
Chair, Safety and Sustainability Committee of the Board of Directors
Things we are working on in 2026
2025 Highlights
Governance
Operating with Integrity
Board Governance
The breadth and strength of our directors’ professional and leadership experience supports open, robust dialogue and sound decision-making. The Board has four standing committees:
- Audit and Reserves Committee
- Compensation and Human Resources Committee
- Nominating and Governance Committee
- Safety and Sustainability Committee.
Annually, the Board conducts an offsite strategy meeting to address goals, timelines, and execution plans. Regular updates are provided to the full Board through quarterly committee reports, and from time to time, managers and outside advisors provide additional updates.
More information on Chord’s Board structure, roles and responsibilities, and composition can be found in our proxy statement for our 2026 Annual Meeting of Shareholders (“2026 Proxy Statement”). Our sustainability governance practices are described in further detail in our 2025 Sustainability Report.
“The Committee’s responsibility is to guide, monitor, and support management in advancing safety and sustainability, helping to drive meaningful outcomes for our employees, communities, and stakeholders.”
Samantha Holroyd
Safety and Sustainability Committee Chair
Environmental
Meeting Energy Demands and Environmental Goals
Emissions Management
Chord Energy tracks and reports operated Scope 1 GHG and methane emissions, with data presented in both absolute (CO₂e) and intensity terms. To further strengthen transparency and comparability of our reported emissions, we obtained third-party limited assurance over our 2025 operated Scope 1 and Scope 2 GHG emissions data.
Prioritization and Execution
We focus on actions that improve emissions performance while supporting reliability and cost discipline. A cross-functional team from Operations, Environmental, Facilities, Planning, Sustainability, and Marketing identifies opportunities and prioritizes projects using a marginal abatement cost curve (MACC) screening approach to rank options by cost-effectiveness and expected impact. This process informs capital allocation and supports planning under a range of regulatory and market conditions.
Execution initiatives typically include:
- Pneumatic device retrofits/replacements and related methane reduction actions
- Gas capture and flaring reduction through midstream coordination, facility scheduling, and reliability improvements
- Vapor recovery units (VRUs) and other facility enhancements that reduce venting/flaring potential
- Electrification and operational efficiency projects that reduce combustion sources where feasible
- Infrastructure/redundancy planning (e.g., dual pipeline connections where appropriate) to improve operating flexibility and reduce flaring risk
Social
Investing in Our People, Supporting Our Communities
Chord Energy fuels global energy needs while driving economic growth and community enrichment. We prioritize people, emphasizing health, safety, and empowerment for our workforce and communities. Our culture promotes shared value through care, unity, and ownership, making Chord Energy a rewarding workplace and a strong presence in our operating areas.
Prioritizing Health and Safety
Given our strong commitment to health and safety, we maintain robust governance of our initiatives. The Board and its Safety and Sustainability Committee receive quarterly updates on health and safety performance, including reviews of significant incidents and regulatory compliance.
Supporting Our Communities
Chord Energy strives to make a positive impact in the communities where we operate. We invest resources to support local nonprofits, facilitate employee volunteer opportunities, and engage with community stakeholders to address concerns effectively. Our approach emphasizes proactive collaboration with local leaders, first responders, and the MHA Nation, with relationships built on mutual respect and trust.
- Top Workplaces USA Today
- Top Workplaces Houston
- Top Workplaces Great Plains
- Top Workplaces for Engineering
- Top Workplaces for Employee Wellbeing
- Top Workplaces for Professional Development
- Top Workplaces for Appreciation
Governance
Operating with Integrity
Board Governance
The breadth and strength of our directors’ professional and leadership experience supports open, robust dialogue and sound decision-making. The Board has four standing committees:
- Audit and Reserves Committee
- Compensation and Human Resources Committee
- Nominating and Governance Committee
- Safety and Sustainability Committee.
Annually, the Board conducts an offsite strategy meeting to address goals, timelines, and execution plans. Regular updates are provided to the full Board through quarterly committee reports, and from time to time, managers and outside advisors provide additional updates.
More information on Chord’s Board structure, roles and responsibilities, and composition can be found in our proxy statement for our 2026 Annual Meeting of Shareholders (“2026 Proxy Statement”). Our sustainability governance practices are described in further detail in our 2025 Sustainability Report.
“The Committee’s responsibility is to guide, monitor, and support management in advancing safety and sustainability, helping to drive meaningful outcomes for our employees, communities, and stakeholders.”
Samantha Holroyd
Safety and Sustainability Committee Chair
Environmental
Meeting Energy Demands and Environmental Goals
Emissions Management
Chord Energy tracks and reports operated Scope 1 GHG and methane emissions, with data presented in both absolute (CO₂e) and intensity terms. To further strengthen transparency and comparability of our reported emissions, we obtained third-party limited assurance over our 2025 operated Scope 1 and Scope 2 GHG emissions data.
Prioritization and Execution
We focus on actions that improve emissions performance while supporting reliability and cost discipline. A cross-functional team from Operations, Environmental, Facilities, Planning, Sustainability, and Marketing identifies opportunities and prioritizes projects using a marginal abatement cost curve (MACC) screening approach to rank options by cost-effectiveness and expected impact. This process informs capital allocation and supports planning under a range of regulatory and market conditions.
Execution initiatives typically include:
- Pneumatic device retrofits/replacements and related methane reduction actions
- Gas capture and flaring reduction through midstream coordination, facility scheduling, and reliability improvements
- Vapor recovery units (VRUs) and other facility enhancements that reduce venting/flaring potential
- Electrification and operational efficiency projects that reduce combustion sources where feasible
- Infrastructure/redundancy planning (e.g., dual pipeline connections where appropriate) to improve operating flexibility and reduce flaring risk
Social
Investing in Our People, Supporting Our Communities
Chord Energy fuels global energy needs while driving economic growth and community enrichment. We prioritize people, emphasizing health, safety, and empowerment for our workforce and communities. Our culture promotes shared value through care, unity, and ownership, making Chord Energy a rewarding workplace and a strong presence in our operating areas.
Prioritizing Health and Safety
Given our strong commitment to health and safety, we maintain robust governance of our initiatives. The Board and its Safety and Sustainability Committee receive quarterly updates on health and safety performance, including reviews of significant incidents and regulatory compliance.
Supporting Our Communities
Chord Energy strives to make a positive impact in the communities where we operate. We invest resources to support local nonprofits, facilitate employee volunteer opportunities, and engage with community stakeholders to address concerns effectively. Our approach emphasizes proactive collaboration with local leaders, first responders, and the MHA Nation, with relationships built on mutual respect and trust.
- Top Workplaces USA Today
- Top Workplaces Houston
- Top Workplaces Great Plains
- Top Workplaces for Engineering
- Top Workplaces for Employee Wellbeing
- Top Workplaces for Professional Development
- Top Workplaces for Appreciation
Waves of Hope: Chord Energy’s Campaign to Support Mental Health
Chord launched the Waves of Hope campaign to fight the stigma associated with mental health conditions, and provide education and resources for those struggling with mental health. We are proud of this important campaign, which encourages individuals to take care of their mental health just as they care for their physical health.
