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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Deferred Income Tax Liabilities, Net | The principal components of EOG's total net deferred income tax liabilities at December 31, 2019 and 2018 were as follows (in thousands):
| 2019 |  | 2018 |
Deferred Income Tax Assets (Liabilities) |  |  |  |  |  |
Foreign Oil and Gas Exploration and Development Costs Deducted for Tax Under Book Depreciation, Depletion and Amortization | $ | 5,825 |  |  | $ | 4,359 |  |
Foreign Net Operating Loss | 66,675 |  |  | 55,175 |  |
Foreign Valuation Allowances | (70,455 | ) |  | (58,932 | ) |
Foreign Other | 318 |  |  | 175 |  |
Total Net Deferred Income Tax Assets | $ | 2,363 |  |  | $ | 777 |  |
Deferred Income Tax (Assets) Liabilities |  |  |  |  |  |
Oil and Gas Exploration and Development Costs Deducted for Tax Over Book Depreciation, Depletion and Amortization | $ | 5,277,550 |  |  | $ | 4,583,517 |  | (1)
Commodity Hedging Contracts | (4,699 | ) |  | 4,883 |  |
Deferred Compensation Plans | (47,650 | ) |  | (39,086 | ) |
Accrued Expenses and Liabilities | (8,502 | ) |  | (19,097 | ) |
Equity Awards | (108,324 | ) |  | (93,977 | ) |
Alternative Minimum Tax Credit Carryforward | (31,904 | ) |  | — |  |
Undistributed Foreign Earnings | 15,746 |  |  | 22,945 |  |
Other | (46,116 | ) |  | (45,787 | ) |
Total Net Deferred Income Tax Liabilities | $ | 5,046,101 |  |  | $ | 4,413,398 |  |
Total Net Deferred Income Tax Liabilities | $ | 5,043,738 |  |  | $ | 4,412,621 |  |
Components of Income (Loss) Before Income Taxes | he components of Income Before Income Taxes for the years indicated below were as follows (in thousands):
| 2019 |  | 2018 |  | 2017
United States | $ | 3,466,578 |  |  | $ | 4,084,156 |  |  | $ | 621,610 |
Foreign | 78,689 |  |  | 156,842 |  |  | 39,572 |
Total | $ | 3,545,267 |  |  | $ | 4,240,998 |  |  | $ | 661,182 |
Components of Income Tax Provision (Benefit) | The principal components of EOG's Income Tax Provision (Benefit) for the years indicated below were as follows (in thousands):
| 2019 |  | 2018 |  | 2017
Current: |  |  |  |  |
Federal | $ | (152,258 | ) |  | $ | (303,853 | ) |  | $ | 33,058 |
State | 10,819 |  |  | 17,048 |  |  | (2,502 | )
Foreign | 81,426 |  |  | 65,615 |  |  | 35,323 |
Total | (60,013 | ) |  | (221,190 | ) |  | 65,879 |
Deferred: |  |  |  |  |  |  |  |
Federal | 626,901 |  |  | 862,075 |  |  | (1,504,288 | )
State | 32,541 |  |  | 43,293 |  |  | 26,942 |
Foreign | (27,784 | ) |  | (11,212 | ) |  | 3,474 |
Total | 631,658 |  |  | 894,156 |  |  | (1,473,872 | )
Other Non-Current: (1) |  |  |  |  |
Federal | 245,125 |  |  | 148,992 |  |  | (513,404 | )
Foreign | (6,413 | ) |  | — |  |  | — |
Total | 238,712 |  |  | 148,992 |  |  | (513,404 | )
Income Tax Provision (Benefit) | $ | 810,357 |  |  | $ | 821,958 |  |  | $ | (1,921,397 | )
(1)
Tax Rate Reconciliation | The differences between taxes computed at the U.S. federal statutory tax rate and EOG's effective rate for the years indicated below were as follows:
| 2019 |  | 2018 |  | 2017 |
Statutory Federal Income Tax Rate | 21.00 | % |  | 21.00 | % |  | 35.00 | % |
State Income Tax, Net of Federal Benefit | 0.97 |  |  | 1.12 |  |  | 3.38 |  |
Income Tax Provision Related to Foreign Operations | 0.87 |  |  | 0.51 |  |  | (0.30 | ) |
Income Tax Provision Related to United Kingdom Operations | — |  |  | — |  |  | 1.78 |  |
Income Tax Provision Related to Canadian Operations | — |  |  | — |  |  | 2.30 |  |
TCJA (1) | — |  |  | (2.60 | ) | (2) | (328.10 | ) | (3)
Share-Based Compensation | 0.02 |  |  | (0.47 | ) |  | (4.63 | ) |
Other | — |  |  | (0.18 | ) |  | (0.03 | ) |
Effective Income Tax Rate | 22.86 | % |  | 19.38 | % |  | (290.60 | )% |
(1) | The enactment of the Tax Cuts and Jobs Act (TCJA) by the United States in 2017 made numerous changes to federal tax law. Several changes which had a significant impact on EOG include the corporate income tax rate reduction from 35% to 21%, the imposition of a one-time repatriation tax on undistributed foreign earnings and the repeal of the corporate AMT regime (AMT credit carryforwards became refundable over the following four years and were initially subject to a federal sequestration charge). In 2017, EOG revalued its federal deferred income tax assets and liabilities resulting in an earnings benefit of over $2 billion and a substantial reduction of the 2017 effective tax rate. The TCJA measurement-period adjustments were recorded in 2018.
(2) | Includes impact of utilizing certain tax net operating losses (NOLs) ((1.2)%), the reversal of sequestration ((1.0)%) and other tax reform impacts ((0.4)%).
(3) | Includes impact of the federal rate reduction ((327.8)%), federal repatriation tax ((6.6)%), sequestration ((6.4)%) and other tax reform impacts ((0.1)%).
Summary of Valuation Allowance | The principal components of EOG's rollforward of valuation allowances for deferred income tax assets for the years indicated below were as follows (in thousands):
| 2019 |  | 2018 |  | 2017
Beginning Balance | $ | 167,142 |  |  | $ | 466,421 |  |  | $ | 383,221 |
Increase (1) | 30,673 |  |  | 23,062 |  |  | 67,333 |
Decrease (2) | (75 | ) |  | (26,219 | ) |  | (13,687 | )
Other (3) | 3,091 |  |  | (296,122 | ) |  | 29,554 |
Ending Balance | $ | 200,831 |  |  | $ | 167,142 |  |  | $ | 466,421 |
(1) | Increase in valuation allowance related to the generation of tax NOLs and other deferred tax assets.
(2) | Decrease in valuation allowance associated with adjustments to certain deferred tax assets and their related allowance.
(3) Represents dispositions, revisions and/or foreign exchange rate variances and the effect of statutory income tax rate changes. The United Kingdom operations were sold in the fourth quarter of 2018.

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