XML 39 R28.htm IDEA: XBRL DOCUMENT v3.25.3
Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed The following table summarizes the preliminary allocation of the consideration to the fair values of the assets acquired and liabilities assumed (in millions):
Total Consideration$4,484 
Fair Value of Assets Acquired:
Cash and Cash Equivalents$20 
Accounts Receivable, Net326 
Inventories12 
Assets from Price Risk Management Activities26 
Other Current Assets24 
Oil and Gas Properties (Successful Efforts Method)6,685 
Other Property, Plant and Equipment88 
Other Assets67 
Amount Attributable to Assets Acquired$7,248 
Fair Value of Liabilities Assumed:
Accounts Payable$632 
Accrued Taxes Payable17 
Current Liabilities from Price Risk Management Activities15 
Current Portion of Operating Lease Liabilities23 
Other Current Liabilities42 
Senior Notes1,266 
Asset Retirement Obligations52 
Other Liabilities72 
Deferred Income Taxes645 
Amount Attributable to Liabilities Assumed$2,764 
Net Assets Acquired and Liabilities Assumed$4,484 
Schedule of Business Combination, Pro Forma Information
The following table details revenues and net income for Encino from the acquisition date, August 1, 2025, for the periods presented (in millions):

Three Months Ended
September 30, 2025		Nine Months Ended
September 30, 2025
Operating Revenues and Other$358 $358 
Net Income100 100

The following table details unaudited supplemental pro forma financial information for Encino as if EOG had completed the acquisition on January 1, 2024 (in millions):

Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Operating Revenues and Other$6,083 $6,411 $18,415 $19,414 
Net Income1,601 1,884 4,697 5,324