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Asset Retirement Obligations
 3 Months Ended
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,
 20252024
Carrying Amount at January 1$1,460 $1,506 
Liabilities Incurred8 13 
Liabilities Settled (1)
(17)(16)
Accretion14 16 
Revisions2 — 
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.