XML 77 R57.htm IDEA: XBRL DOCUMENT v3.20.4
Business Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Schedule of Segment Reporting Information By Segment [Abstract]                      
Operating Revenues and Other $ 2,965,498 $ 2,245,484 $ 1,103,374 $ 4,717,692 $ 4,320,246 $ 4,303,455 $ 4,697,630 $ 4,058,642 $ 11,032,048 $ 17,379,973 $ 17,275,399
Depreciation, Depletion and Amortization                 3,400,353 3,749,704 3,435,408
Operating Income (Loss) 487,662 (2,714) (1,086,549) 57,585 863,751 827,959 1,130,771 876,530 (544,016) 3,699,011 4,469,346
Interest Income                 11,739 26,026 11,546
Other Income                 (1,511) 5,359 5,158
Net Interest Expense                 205,266 185,129 245,052
Income (Loss) Before Income Taxes                 (739,054) 3,545,267 4,240,998
Income Tax Provision (Benefit) 90,294 $ (10,088) $ (235,878) $ 21,190 194,687 $ 182,335 $ 241,525 $ 191,810 (134,482) 810,357 821,958
Additions to Oil and Gas Properties, Excluding Dry Hole Costs                 3,441,858 6,273,952 6,195,330
Total Property, Plant and Equipment, Net 28,598,627       30,364,595       28,598,627 30,364,595 28,075,519
Total Assets 35,804,601       37,124,608       35,804,601 37,124,608 33,934,474
Pretax Impairment Charges For Other Assets 228,000               228,000    
Crude Oil and Condensate                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 5,785,609 9,612,532 9,517,440
Natural Gas Liquids                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 667,514 784,818 1,127,510
Natural Gas                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 837,133 1,184,095 1,301,537
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 1,144,737 180,275 (165,640)
Gathering, Processing and Marketing                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 2,582,984 5,360,282 5,230,355
Gains (Losses) on Asset Dispositions, Net                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 (46,883) 123,613 174,562
Other, Net                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 60,954 134,358 89,635
United States                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Operating Revenues and Other                 10,795,299 [1] 17,052,363 [2] 16,794,591 [3]
Depreciation, Depletion and Amortization                 3,323,800 3,652,294 3,296,499
Operating Income (Loss)                 (545,566) 3,618,907 4,334,364
Interest Income                 10,783 22,122 9,326
Other Income                 153 3,235  
Other Expense                     9,580
Net Interest Expense                 205,266 192,587 253,352
Income (Loss) Before Income Taxes                 (739,896) 3,451,677 4,099,918
Income Tax Provision (Benefit)                 (156,834) 760,881 765,986
Additions to Oil and Gas Properties, Excluding Dry Hole Costs                 3,316,724 6,208,394 6,155,874
Total Property, Plant and Equipment, Net 28,283,027       30,101,857       28,283,027 30,101,857 27,786,086
Total Assets 35,047,485       36,274,942       35,047,485 36,274,942 33,178,733
Amount of sales with a single significant purchaser in the United States segment                 1,100,000 2,400,000 2,600,000
Amount of sales with a second significant purchaser in the United States segment.                   2,200,000 2,300,000
Pretax Impairment Charges For Proved Oil And Gas Properties And Other Property Plant And Equipment                 1,570,000    
Pretax Impairment Charges For Other Assets 228,000               228,000    
United States | Crude Oil and Condensate                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 5,773,582 9,599,125 9,390,244
United States | Natural Gas Liquids                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 667,514 784,818 1,127,510
United States | Natural Gas                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 614,002 866,911 970,866
United States | Gains (Losses) on Mark-to-Market Commodity Derivative Contracts                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 1,144,737 180,275 (165,640)
United States | Gathering, Processing and Marketing                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 2,581,493 5,355,463 5,227,051
United States | Gains (Losses) on Asset Dispositions, Net                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 (47,018) 131,446 154,852
United States | Other, Net                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 60,989 134,325 89,708
Trinidad                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Operating Revenues and Other                 181,102 271,106 309,860
Depreciation, Depletion and Amortization                 60,629 79,389 91,971
Operating Income (Loss)                 74,801 112,790 147,240
Interest Income                 922 3,686 1,612
Other Income                 (2,129) 727 2,436
Net Interest Expense                 0 0 0
Income (Loss) Before Income Taxes                 73,594 117,203 151,288
Income Tax Provision (Benefit)                 14,568 40,901 54,272
Additions to Oil and Gas Properties, Excluding Dry Hole Costs                 83,173 53,325 1,618
Total Property, Plant and Equipment, Net 210,278       184,606       210,278 184,606 210,183
Total Assets 546,120       705,747       546,120 705,747 629,633
Trinidad | Crude Oil and Condensate                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 10,723 11,138 17,059
Trinidad | Natural Gas Liquids                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 0 0 0
Trinidad | Natural Gas                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 168,967 258,819 285,053
Trinidad | Gains (Losses) on Mark-to-Market Commodity Derivative Contracts                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 0 0 0
Trinidad | Gathering, Processing and Marketing                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 1,491 4,819 3,304
Trinidad | Gains (Losses) on Asset Dispositions, Net                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 (44) (3,688) 4,493
Trinidad | Other, Net                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues                 (35) 18 (49)
Other International                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Operating Revenues and Other [4]                 55,647 56,504 170,948
Depreciation, Depletion and Amortization [4]                 15,924 18,021 46,938
Operating Income (Loss) [4]                 (73,251) (32,686) (12,258)
Interest Income [4]                 34 218 608
Other Income                 465   (6,858) [4]
Other Expense [4]                   1,397  
Net Interest Expense [4]                 0 (7,458) (8,300)
Income (Loss) Before Income Taxes [4]                 (72,752) (23,613) (10,208)
Income Tax Provision (Benefit) [4]                 7,784 8,575 1,700
Additions to Oil and Gas Properties, Excluding Dry Hole Costs [4]                 41,961 12,233 37,838
Total Property, Plant and Equipment, Net [4] 105,322       78,132       105,322 78,132 79,250
Total Assets [4] $ 210,996       $ 143,919       210,996 143,919 126,108
Other International | Crude Oil and Condensate                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues [4]                 1,304 2,269 110,137
Other International | Natural Gas Liquids                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues [4]                 0 0 0
Other International | Natural Gas                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues [4]                 54,164 58,365 45,618
Other International | Gains (Losses) on Mark-to-Market Commodity Derivative Contracts                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues [4]                 0 0 0
Other International | Gathering, Processing and Marketing                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues [4]                 0 0 0
Other International | Gains (Losses) on Asset Dispositions, Net                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues [4]                 179 (4,145) 15,217
Other International | Other, Net                      
Schedule of Segment Reporting Information By Segment [Abstract]                      
Revenues [4]                 $ 0 $ 15 $ (24)
[1] EOG had sales activity with three significant purchasers in 2020, each totaling $1.1 billion of consolidated Operating Revenues and Other in the United States segment.(3)EOG recorded pretax impairment charges of $1,570 million in 2020 for proved oil and gas properties, leasehold costs and other assets due to the decline in commodity prices and revisions of asset retirement obligations for certain properties in the United States segment. In addition, EOG recorded pretax impairment charges of $228 million in 2020 for owned and leased sand and crude-by-rail assets, also in the United States segment. EOG recorded pretax impairment charges of $81 million in 2020 for proved oil and gas properties and firm commitment contracts related to its decision to exit the Horn River Basin in British Columbia, Canada, in the Other International segment. See Notes 13 and 14.
[2] EOG had sales activity with two significant purchasers in 2019, one totaling $2.4 billion and the other totaling $2.2 billion of consolidated Operating Revenues and Other in the United States segment.
[3] EOG had sales activity with two significant purchasers in 2018, one totaling $2.6 billion and the other totaling $2.3 billion of consolidated Operating Revenues and Other in the United States segment.
[4] Other International primarily consists of EOG's United Kingdom, China and Canada operations. EOG began an exploration program in Oman in the third quarter of 2020. The United Kingdom operations were sold in the fourth quarter of 2018.