Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 16

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 16
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 Management Policy relating to commodity hedging transactions.                                                               | Develops, in consultation with our Chief Executive Officer, the Company’s management succession plan.                                                                    | Provides general oversight and recommendations to the Board regarding the Company’s ESG policies and practices.                                                                                      |
| Regularly reviews risk assessment reports provided by management.                                                                                                                       | ​                                                                                                                                                                        | ​                                                                                                                                                                                                    |

All of the committees report back to the full Board as to the committees’ activities and matters discussed and reviewed at the committees’ meetings. Commitment to Sustainability At Magnolia, our mission is to build a winning company that safeguards workers and the environment, enhances careers, strengthens local communities, and increases value for all stakeholders. We believe we are well positioned to deliver sustained value for our investors while operating our business in a safe and environmentally responsible manner. We recognize that with growth comes increased responsibility to share information about our business and our priorities in the areas of environmental stewardship, safety, workforce development, community outreach, and corporate governance. One important step in that process was the release of our inaugural sustainability report in 2021, followed by enhanced sustainability reports in 2022, 2023 and 2024. Our 2023 report added disclosure of our Scope 2 greenhouse gas emissions. In 2024, our sustainability report highlighted our drive to reduce combustion-related emissions through field electrification, engineering solutions we implement to reduce methane emissions at acquired sites, and discussion of our asset integration process and the disciplined approach we take to assess, improve, and optimize assets we acquire. We plan to continue to build on the report going forward to keep our stakeholders informed about our efforts to sustainably deliver value and responsibly develop oil and natural gas resources. Our 2024 sustainability report is available for download in the Sustainability—Sustainability Overview section of our website at www.magnoliaoilgas.com. The report

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| Magnolia Oil & Gas | 15 | 2025 Proxy Statement |

Corporate Governance

is not incorporated by reference into this proxy statement or considered to be part of this document. Highlights of our ESG practices generally include:

|                                                                   | Environmental                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Managing Greenhouse Gas Emissions                                 | ■From 2019 to 2023, we reduced our Scope 1 Greenhouse Gas (GHG) intensity rate (our GHG emissions as a percentage of our gross operated production) by 12 percent, despite consistent increases in oil and gas production from our operations. We plan to make