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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Stock-based compensation expense is included on the Consolidated Statements of Income and Comprehensive Income based upon the job functions of the employees receiving the grants.  Compensation expense related to EOG's stock-based compensation plans for the years ended December 31, 2024, 2023 and 2022 was as follows (in millions):
 202420232022
Lease and Well$68 $54 $40 
Gathering, Processing and Transportation Costs6 4 4 
Exploration Costs27 24 15 
General and Administrative98 95 74 
Total$199 $177 $133 
Schedule of Vesting
The vesting schedules for grants of stock options, SARs, restricted stock and restricted stock units, and Performance Units are generally as follows:
Grant TypeVesting Schedule
Stock Options/SARsVesting in increments of one-third on each of the first three anniversaries, respectively, of the date of grant
Restricted Stock/Restricted Stock Units
"Cliff" vesting three years from the date of grant
Performance Units
"Cliff" vesting on the February 28th following the three-year performance period and the Compensation and Human Resources Committee's certification of the applicable performance multiple
Schedule of Restricted Stock and Restricted Stock Unit Transactions
The following table sets forth the restricted stock and restricted stock unit transactions for the years ended December 31, 2024, 2023 and 2022 (shares and units in thousands):
 202420232022
 Number of Shares and UnitsWeighted Average Grant Date Fair ValueNumber of Shares and UnitsWeighted Average Grant Date Fair ValueNumber of Shares and UnitsWeighted Average Grant Date Fair Value
Outstanding at January 14,364 $111.24 4,113 $80.77 4,680 $69.37 
Granted1,871 122.45 1,680 131.10 1,637 113.21 
Released (1)
(1,343)86.27 (1,295)42.03 (2,019)81.76 
Forfeited(193)116.18 (134)93.54 (185)68.89 
Outstanding at December 31 (2)
4,699 122.64 4,364 111.24 4,113 80.77 
(1)
(1)The total intrinsic value of restricted stock and restricted stock units released during the years ended December 31, 2024, 2023 and 2022 was $166 million, $166 million and $223 million, respectively. The intrinsic value is based upon the closing price of EOG's common stock on the date restricted stock and restricted stock units are released.
(2)
(2)The total intrinsic value of restricted stock and restricted stock units outstanding at December 31, 2024, 2023 and 2022 was $576 million, $528 million and $533 million, respectively. The intrinsic value is based on the closing market price of the Common Stock on the last trading day of the year.
Schedule of Weighted Average Fair Values and Valuation Assumptions for Performance Units/Stocks Weighted average fair values and valuation assumptions used to value Performance Units during the years ended December 31, 2024, 2023 and 2022 were as follows:
 202420232022
Weighted Average Fair Value of Grants$130.31 $142.20 $126.55 
Expected Volatility35.20 %44.76 %56.11 %
Risk-Free Interest Rate3.46 %4.53 %4.01 %
Schedule of Performance Unit and Performance Stock Transactions
The following table sets forth the Performance Unit transactions for the years ended December 31, 2024, 2023 and 2022 (units in thousands):
 202420232022
 Number of UnitsWeighted Average Grant Date Fair ValueNumber of UnitsWeighted Average Grant Date Fair ValueNumber of UnitsWeighted Average Grant Date Fair Value
Outstanding at January 1630 $95.49 688 $83.82 679 $84.97 
Granted109 130.31 114 142.20 122 126.55 
Released (1)
(45)43.33 (86)79.98 (57)136.74 
Forfeited for Performance Multiple (2)
(135)43.33 (86)79.98 (56)136.74 
Outstanding at December 31 (3)
559 (4)119.05 630 95.49 688 83.82 
(1)The total intrinsic value of Performance Units released during the years ended December 31, 2024, 2023 and 2022 was $5 million, $10 million and $7 million, respectively. The intrinsic value is based upon the closing price of the Common Stock on the date the Performance Units are released.
(2)Upon completion of the Performance Period for the Performance Units granted in 2020, 2019 and 2018, a performance multiple of 25%, 50% and 50%, respectively, was applied to each of the grants resulting in a forfeiture of Performance Units in February 2024, February 2023 and February 2022.
(3)The total intrinsic value of Performance Units outstanding at December 31, 2024, 2023 and 2022 was $69 million, $76 million and $89 million, respectively.
(4)Upon the application of the relevant performance multiple at the completion of each of the remaining Performance Periods, a minimum of zero and a maximum of 1,118 Performance Units could be outstanding.