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Asset Retirement Obligations | 3 Months Ended
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Mar. 31, 2025
Asset Retirement Obligation [Abstract] |
Asset Retirement Obligations | Asset Retirement Obligations The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of short-term and long-term legal obligations associated with the retirement of property, plant and equipment for the three-month periods ended March 31, 2025 and 2024 (in millions):
| Three Months Ended March 31,
| 2025 |  | 2024
Carrying Amount at January 1 | $ | 1,460 |  |  | $ | 1,506 |
Liabilities Incurred | 8 |  |  | 13 |
Liabilities Settled (1) | (17) |  |  | (16) |
Accretion | 14 |  |  | 16 |
Revisions | 2 |  |  | — |
Foreign Currency Translations | — |  |  | (2) |
Carrying Amount at March 31 | $ | 1,467 |  |  | $ | 1,517 |
Current Portion | $ | 66 |  |  | $ | 37 |
Noncurrent Portion | $ | 1,401 |  |  | $ | 1,480 |
(1)Includes settlements related to asset sales and property exchanges. The current and noncurrent portions of EOG's asset retirement obligations are included in Current Liabilities - Other and Other Liabilities, respectively, on the Condensed Consolidated Balance Sheets.

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- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/410-20/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 20 -Topic 410 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-2 + Details
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