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v3.25.1

Segment Information | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information EOG's operations are all crude oil, NGLs and natural gas exploration and production-related. The Segment Reporting Topic of the Accounting Standards Codification (ASC) establishes standards for reporting information about operating segments in annual and interim financial statements. Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. EOG's chief operating decision makers (CODM) are the Chairman of the Board and Chief Executive Officer, the Executive Vice President and Chief Operating Officer, the Executive Vice President and Chief Financial Officer, the Executive Vice President, General Counsel and Corporate Secretary, and the Senior Vice Presidents, Exploration and Production. The CODM routinely review and make operating decisions related to significant issues associated with each of EOG's major producing areas (including in the United States and in Trinidad) and its exploration programs both inside and outside the United States. For segment reporting purposes, the CODM consider the major United States producing areas to be one operating segment. The CODM use operating income (loss) to assess performance and allocate resources. Financial information by reportable segment is presented below for the three-month periods ended March 31, 2025 and 2024 (in millions):
| United States |  | Trinidad |  | Other International (1) |  | Total
Three Months Ended March 31, 2025 |  |  |  |  |  |  |
Crude Oil and Condensate | $ | 3,286 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 3,293 |
Natural Gas Liquids | 572 |  |  | — |  |  | — |  |  | 572 |
Natural Gas | 554 |  |  | 83 |  |  | — |  |  | 637 |
Losses on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net | (191) |  |  | — |  |  | — |  |  | (191) |
Gathering, Processing and Marketing | 1,340 |  |  | — |  |  | — |  |  | 1,340 |
Gains (Losses) on Asset Dispositions, Net | 3 |  |  | — |  |  | (4) |  |  | (1) |
Other, Net | 19 |  |  | — |  |  | — |  |  | 19 |
Operating Revenues and Other | 5,583 |  |  | 90 |  |  | (4) |  |  | 5,669 |
Lease and Well | 385 |  |  | 14 |  |  | 2 |  |  |
Gathering, Processing and Transportation Costs | 440 |  |  | — |  |  | — |  |  |
Marketing Costs | 1,325 |  |  | — |  |  | — |  |  |
Depreciation, Depletion and Amortization | 963 |  |  | 50 |  |  | — |  |  |
General and Administrative | 162 |  |  | 4 |  |  | 5 |  |  |
Taxes Other Than Income | 340 |  |  | 1 |  |  | — |  |  |
Other Segment Items (2) | 82 |  |  | 33 |  |  | 4 |  |  |
Operating Income (Loss) | 1,886 |  |  | (12) |  |  | (15) |  |  | 1,859 |
Interest Income |  |  |  |  |  |  | 68 |
Other Expense |  |  |  |  |  |  | (3) |
Interest Expense, Net |  |  |  |  |  |  | (47) |
Income Before Income Taxes |  |  |  |  |  |  | $ | 1,877 |
Other Segment Disclosures: |  |  |  |  |  |  |
Additions to Oil and Gas Properties, Excluding Dry Hole Costs | 1,358 |  |  | (2) |  |  | — |  |  | 1,356 |
Total Property, Plant and Equipment, Net | 34,156 |  |  | 450 |  |  | 26 |  |  | 34,632 |
Total Assets | 45,652 |  |  | 1,133 |  |  | 197 |  |  | 46,982 |
Interest Expense, Net | 47 |  |  | — |  |  | — |  |  | 47 |
Interest Income | 64 |  |  | 3 |  | 1 |  |  | 68 |
| United States |  | Trinidad |  | Other International (1) |  | Total
Three Months Ended March 31, 2024 |  |  |  |  |  |  |
Crude Oil and Condensate | $ | 3,476 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 3,480 |
Natural Gas Liquids | 513 |  |  | — |  |  | — |  |  | 513 |
Natural Gas | 317 |  |  | 65 |  |  | — |  |  | 382 |
Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net | 237 |  |  | — |  |  | — |  |  | 237 |
Gathering, Processing and Marketing | 1,459 |  |  | — |  |  | — |  |  | 1,459 |
Gains (Losses) on Asset Dispositions, Net | 32 |  |  | (6) |  |  | — |  |  | 26 |
Other, Net | 26 |  |  | — |  |  | — |  |  | 26 |
Operating Revenues and Other | 6,060 |  |  | 63 |  |  | — |  |  | 6,123 |
Lease and Well | 386 |  |  | 9 |  |  | 1 |  |  |
Gathering, Processing and Transportation Costs | 413 |  |  | — |  |  | — |  |  |
Marketing Costs | 1,404 |  |  | — |  |  | — |  |  |
Depreciation, Depletion and Amortization | 1,042 |  |  | 32 |  |  | — |  |  |
General and Administrative | 157 |  |  | 4 |  |  | 1 |  |  |
Taxes Other Than Income | 337 |  |  | 1 |  |  | — |  |  |
Other Segment Items (2) | 57 |  |  | 1 |  |  | 7 |  |  |
Operating Income (Loss) | 2,264 |  |  | 16 |  |  | (9) |  |  | 2,271 |
Interest Income |  |  |  |  |  |  | 68 |
Other Expense |  |  |  |  |  |  | (6) |
Interest Expense, Net |  |  |  |  |  |  | (33) |
Income Before Income Taxes |  |  |  |  |  |  | $ | 2,300 |
Other Segment Disclosures: |  |  |  |  |  |  |
Additions to Oil and Gas Properties, Excluding Dry Hole Costs | 1,495 |  |  | 39 |  |  | 1 |  |  | 1,535 |
Total Property, Plant and Equipment, Net | 32,646 |  |  | 413 |  |  | 18 |  |  | 33,077 |
Total Assets | 43,573 |  |  | 1,091 |  |  | 132 |  |  | 44,796 |
Interest Expense, Net | 33 |  |  | — |  |  | — |  |  | 33 |
Interest Income | 62 |  |  | 4 |  |  | 2 |  |  | 68 |
(1) Other International primarily consists of EOG's Australia and Canada operations. EOG is continuing the process of exiting its Canada operations. (2) Other Segment Items include Exploration Costs, Dry Hole Costs and Impairments.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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