v3.6.0.2

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2016

Employee Benefit Plans [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Stock-based compensation expense is included on the Consolidated Statements of Income and Comprehensive Income based upon the job functions of the employees receiving the grants.  Compensation expense related to EOG's stock-based compensation plans for the years ended December 31, 2016, 2015 and 2014 was as follows (in millions):

	2016				2015				2014
Lease and Well	$	38			$	44			$	41
Gathering and Processing Costs	1				1				1
Exploration Costs	21				26				27
General and Administrative	68				60				76
Total	$	128			$	131			$	145

Weighted Average Fair Values and Valuation Assumptions

Weighted average fair values and valuation assumptions used to value stock option, SAR and ESPP grants for the years ended December 31, 2016, 2015 and 2014 were as follows:

	Stock Options/SARs												ESPP
	2016				2015				2014				2016				2015				2014
Weighted Average Fair Value of Grants	$	25.78			$	21.88			$	30.75			$	19.21			$	21.21			$	21.65
Expected Volatility	31.54		%		38.03		%		35.28		%		36.55		%		32.08		%		25.03		%
Risk-Free Interest Rate	0.78		%		0.83		%		0.95		%		0.44		%		0.12		%		0.08		%
Dividend Yield	0.76		%		0.85		%		0.61		%		0.82		%		0.73		%		0.46		%
Expected Life	5.4 years				5.3 years				5.2 years				0.5 years				0.5 years				0.5 years

Schedule of Share Based Compensation Arrangement By Share Based Payment Award

The following table sets forth the stock option and SAR transactions for the years ended December 31, 2016, 2015 and 2014 (stock options and SARs in thousands):

	2016							2015							2014
	Number of Stock Options/ SARs			Weighted Average Grant Price				Number of Stock Options/ SARs			Weighted Average Grant Price				Number of Stock Options/ SARs			Weighted Average Grant Price
Outstanding at January 1	10,744			$	67.98			10,493			$	64.96			10,452			$	54.43
Granted	1,855			94.82				2,037			69.99				2,146			101.55
Exercised (1)	(2,376	)		54.56				(1,518	)		47.64				(1,718	)		45.68
Forfeited	(373	)		87.38				(268	)		80.31				(387	)		68.95
Outstanding at December 31	9,850			75.53				10,744			67.98				10,493			64.96
Stock Options/SARs Exercisable at December 31	5,613			66.48				5,993			57.96				5,287			49.40

(1) The total intrinsic value of stock options/SARs exercised during the years 2016, 2015 and 2014 was $84 million, $60 million and $95 million, respectively.  The intrinsic value is based upon the difference between the market price of the Common Stock on the date of exercise and the grant price of the stock options/SARs.

Stock Options and SARs Outstanding and Exercisable

The following table summarizes certain information for the stock options and SARs outstanding and exercisable at December 31, 2016 (stock options and SARs in thousands):

Stock Options/SARs Outstanding															Stock Options/SARs Exercisable
Range of Grant Prices		Stock Options/ SARs			Weighted Average Remaining Life (Years)		Weighted Average Grant Price				Aggregate Intrinsic Value(1)				Stock Options/ SARs			Weighted Average Remaining Life (Years)		Weighted Average Grant Price				Aggregate Intrinsic Value (1)
$ 34.00 to $  55.99		1,906			1		$	43.68							1,906			1		$	43.68
56.00 to    69.99		2,922			4		64.12								1,654			3		60.09
70.00 to     94.99		1,526			3		84.62								1,072			3		84.49
95.00 to     99.99		1,794			7		95.10								23			3		97.31
100.00 to   116.99		1,702			4		102.02								958			4		102.00
		9,850			4		75.53				$	253,400			5,613			3		66.48				$	195,186

(1) Based upon the difference between the closing market price of the Common Stock on the last trading day of the year and the grant price of in-the-money stock options and SARs.

ESPP Activity

At December 31, 2016, approximately 356,000 shares of Common Stock remained available for issuance under the ESPP.  The following table summarizes ESPP activities for the years ended December 31, 2016, 2015 and 2014 (in thousands, except number of participants):

	2016				2015				2014
Approximate Number of Participants	1,746				1,963				1,991
Shares Purchased	212				225				202
Aggregate Purchase Price	$	13,787			$	15,045			$	14,927

Restricted Stock and Restricted Stock Unit Transactions

The following table sets forth the restricted stock and restricted stock unit transactions for the years ended December 31, 2016, 2015 and 2014 (shares and units in thousands):

	2016							2015							2014
	Number of Shares and Units			Weighted Average Grant Date Fair Value				Number of Shares and Units			Weighted Average Grant Date Fair Value				Number of Shares and Units			Weighted Average Grant Date Fair Value
Outstanding at January 1	4,908			$	70.35			5,394			$	64.39			7,358			$	49.54
Granted	853			88.01				1,044			77.94				1,132			98.72
Released (1)	(1,465	)		53.95				(1,331	)		51.52				(2,761	)		105.24
Forfeited	(334	)		77.29				(199	)		74.56				(335	)		62.55
Outstanding at December 31 (2)	3,962			79.63				4,908			70.35				5,394			64.39

(1) The total intrinsic value of restricted stock and restricted stock units released during the years ended December 31, 2016, 2015 and 2014 was $124 million, $109 million and $291 million, respectively.  The intrinsic value is based upon the closing price of EOG's common stock on the date restricted stock and restricted stock units are released.

(2) The total intrinsic value of restricted stock and restricted stock units outstanding at December 31, 2016 and 2015 was approximately $401 million and $347 million, respectively.

Weighted Average Fair Values and Valuation Assumptions for Performance Units/Stocks

Weighted average fair values and valuation assumptions used to value performance unit and performance stock grants during the years ended December 31, 2016, 2015 and 2014 were as follows:

	2016				2015				2014
Weighted Average Fair Value of Grants	$	119.10			$	80.64			$	119.27
Expected Volatility	32.48		%		29.35		%		32.18		%
Risk-Free Interest Rate	1.15		%		1.07		%		1.18		%

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Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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