XML 75 R54.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Schedule of Segment Reporting Information By Segment [Abstract]                      
Crude Oil and Condensate                 $ 6,256,396 $ 4,317,341 $ 4,934,562
Natural Gas Liquids                 729,561 437,250 407,658
Natural Gas                 921,934 742,152 1,061,038
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts                 19,828 (99,608) 61,924
Gathering, Processing and Marketing                 3,298,087 1,966,259 2,253,135
Gains (Losses) on Asset Dispositions, Net                 (99,096) 205,835 (8,798)
Other, Net [1]                 81,610 81,403 47,909
Net Operating Revenues and Other $ 3,340,439 $ 2,644,844 $ 2,612,472 $ 2,610,565 $ 2,402,039 $ 2,118,504 $ 1,775,740 $ 1,354,349 11,208,320 7,650,632 8,757,428
Depreciation, Depletion and Amortization                 3,409,387 3,553,417 3,313,644
Operating Income (Loss) 475,912 214,836 127,908 107,746 (105,487) (193,480) (288,173) (638,141) 926,402 (1,225,281) (6,686,079)
Interest Income                 7,713 2,619 3,469
Other Income                 1,439    
Other Expense                   (53,162) (1,553)
Net Interest Expense                 274,372 281,681 237,393
Income (Loss) Before Income Taxes                 661,182 (1,557,505) (6,921,556)
Income Tax Provision (Benefit) (2,017,115) [2] $ 45,439 [2] $ 39,414 [2] $ 10,865 [2] (51,658) $ (82,250) $ (87,719) $ (239,192) (1,921,397) (460,819) (2,397,041)
Additions to Oil and Gas Properties, Excluding Dry Hole Costs                 4,228,228 6,329,369 4,710,404
Total Property, Plant and Equipment, Net 25,665,037       25,707,078       25,665,037 25,707,078 24,210,721
Total Assets 29,833,078       29,299,201 [3]       29,833,078 29,299,201 [3] 26,834,908 [4]
Reclassification to Deferred Tax Assets 17,506       16,140       17,506 16,140  
United States                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Crude Oil and Condensate                 6,225,711 4,265,036 4,917,731
Natural Gas Liquids                 729,545 437,238 407,570
Natural Gas                 615,512 475,715 637,452
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts                 19,828 (99,608) 61,924
Gathering, Processing and Marketing                 3,298,098 1,967,390 2,254,477
Gains (Losses) on Asset Dispositions, Net                 (98,233) 196,043 (12,176)
Other, Net                 81,610 81,386 47,464
Net Operating Revenues and Other                 10,872,071 [5] 7,323,200 [6] 8,314,442 [7]
Depreciation, Depletion and Amortization                 3,269,196 3,365,390 3,139,863
Operating Income (Loss)                 933,571 (1,192,338) (6,566,282)
Interest Income                 3,223 358 1,913
Other Income                     6,461
Other Expense                 (9,659) (15,703)  
Net Interest Expense                 303,941 298,125 274,606
Income (Loss) Before Income Taxes                 623,194 (1,505,808) (6,832,514)
Income Tax Provision (Benefit)                 (1,964,343) (516,180) (2,463,213)
Additions to Oil and Gas Properties, Excluding Dry Hole Costs                 4,067,359 6,223,228 4,495,730
Total Property, Plant and Equipment, Net 25,125,427       25,221,517       25,125,427 25,221,517 23,593,995
Total Assets 28,312,599       27,746,851 [3]       28,312,599 27,746,851 [3] 25,211,572 [4]
Amount of sales with a single significant purchaser in the United States segment                 1,500,000 1,200,000 1,700,000
Amount of sales with a second significant purchaser in the United States segment.                 1,300,000 1,100,000 1,400,000
Amount of sales with a third significant purchaser in the United States segment                   1,000,000  
Reclassification to Deferred Tax Assets         160,000         160,000 136,000
Trinidad                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Crude Oil and Condensate                 13,572 9,600 13,122
Natural Gas Liquids                 0 0 0
Natural Gas                 271,101 234,108 368,639
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts                 0 0 0
Gathering, Processing and Marketing                 (11) (1,131) (1,342)
Gains (Losses) on Asset Dispositions, Net                 (8) (145) 393
Other, Net                 59 (8) (3)
Net Operating Revenues and Other                 284,713 242,424 380,809
Depreciation, Depletion and Amortization                 115,321 145,591 154,853
Operating Income (Loss)                 101,010 46,473 175,658
Interest Income                 2,201 932 389
Other Income                 3,337 2,667 8,780
Net Interest Expense                 0 0 1,400
Income (Loss) Before Income Taxes                 106,548 50,072 183,427
Income Tax Provision (Benefit)                 38,798 64,281 63,502
Additions to Oil and Gas Properties, Excluding Dry Hole Costs                 145,937 75,407 102,358
Total Property, Plant and Equipment, Net 313,357       274,850       313,357 274,850 350,766
Total Assets 974,477       889,253       974,477 889,253 886,826
Other International                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Crude Oil and Condensate [8]                 17,113 42,705 3,709
Natural Gas Liquids [8]                 16 12 88
Natural Gas [8]                 35,321 32,329 54,947
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts [8]                 0 0 0
Gathering, Processing and Marketing [8]                 0 0 0
Gains (Losses) on Asset Dispositions, Net [8]                 (855) 9,937 2,985
Other, Net [8]                 (59) 25 448
Net Operating Revenues and Other [8]                 51,536 85,008 62,177
Depreciation, Depletion and Amortization [8]                 24,870 42,436 18,928
Operating Income (Loss) [8]                 (108,179) (79,416) (295,455)
Interest Income [8]                 2,289 1,329 1,167
Other Income [8]                 7,761    
Other Expense [8]                   (40,126) (16,794)
Net Interest Expense [8]                 (29,569) (16,444) (38,613)
Income (Loss) Before Income Taxes [8]                 (68,560) (101,769) (272,469)
Income Tax Provision (Benefit) [8]                 4,148 (8,920) 2,670
Additions to Oil and Gas Properties, Excluding Dry Hole Costs [8]                 14,932 30,734 112,316
Total Property, Plant and Equipment, Net [8] 226,253       210,711       226,253 210,711 265,960
Total Assets [8] $ 546,002       $ 663,097       $ 546,002 $ 663,097 $ 736,510
[1] Excludes gains or losses on the mark-to-market of financial commodity derivative contracts, gains or losses on sales of reserves and related assets, interest charges and general corporate expenses for each of the three years in the period ended December 31, 2017.
[2] Includes an income tax benefit of approximately $2.2 billion for the quarter ended December 31, 2017, primarily due to the enactment of the Tax Cuts and Jobs Act in December 2017. See Note 6 to the Consolidated Financial Statements.
[3] EOG made a reclassification of $160 million from deferred tax liabilities to deferred tax assets for the year ended December 31, 2016, for the United States segment and in total.
[4] EOG made a reclassification of $136 million from deferred tax liabilities to deferred tax assets for the year ended December 31, 2015, for the United States segment and in total.
[5] EOG had sales activity with two significant purchasers in 2017, one totaling $1.5 billion and the other totaling $1.3 billion of consolidated Net Operating Revenues and Other in the United States segment.
[6] EOG had sales activity with three significant purchasers in 2016, one totaling $1.2 billion, one totaling $1.1 billion and one totaling $1.0 billion of consolidated Net Operating Revenues and Other in the United States segment.
[7] EOG had sales activity with two significant purchasers in 2015, one totaling $1.7 billion and the other totaling $1.4 billion of consolidated Net Operating Revenues and Other in the United States segment.
[8] Other International primarily consists of EOG's United Kingdom, China, Canada and Argentina operations. The Argentina operations were sold in the third quarter of 2016.