Business Segment Information

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

EOG's operations are all crude oil and condensate, natural gas liquids (NGLs) and natural gas exploration and production-related. The Segment Reporting Topic of the Financial Accounting Standards Board's (FASB) Accounting Standard Codification (ASC) establishes standards for reporting information about operating segments in annual and interim financial statements. Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker (CODM) in deciding how to allocate resources and in assessing performance. EOG's CODM is the Chief Executive Officer.

The CODM routinely reviews and makes operating decisions related to significant issues associated with each of EOG's major producing areas (including in the United States and in Trinidad) and its exploration programs both inside and outside the United States. For segment reporting purposes, the CODM considers the major United States producing areas to be one operating segment. The CODM uses operating income (loss) to assess performance and allocate resources.

Financial information by reportable segment is presented below as of and for the three-month and six-month periods ended June 30, 2026 and 2025 (in millions):

	United States		Trinidad		Other International		Total
Three Months Ended June 30, 2026
Crude Oil and Condensate	$	4,881	$	16	$	4	$	4,901
NGLs	770		—		—		770
Natural Gas	702		106		4		812
Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net	40		—		—		40
Gathering, Processing and Marketing	2,006		5		—		2,011
Gains on Asset Dispositions, Net	55		—		3		58
Other, Net	28		—		—		28
Operating Revenues and Other	8,482		127		11		8,620
Lease and Well	449		12		6
Gathering, Processing and Transportation Costs	671		1		4
Marketing Costs	1,950		—		—
Depreciation, Depletion and Amortization	1,205		53		1
General and Administrative	203		5		5
Taxes Other Than Income	425		5		1
Other Segment Items (1)	90		2		4
Operating Income (Loss)	3,489		49		(10)		3,528
Interest Income							35
Other Income							3
Interest Expense, Net							(67)
Income Before Income Taxes							$	3,499
Other Segment Disclosures:
Additions to Oil and Gas Properties, Excluding Dry Hole Costs	1,611		19		33		1,663
Interest Expense, Net	67		—		—		67
Interest Income	31		2		2		35

	United States		Trinidad		Other International		Total
Three Months Ended June 30, 2025
Crude Oil and Condensate	$	2,969	$	5	$	—	$	2,974
NGLs	534		—		—		534
Natural Gas	516		84		—		600
Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net	107		—		—		107
Gathering, Processing and Marketing	1,246		1		—		1,247
Gains (Losses) on Asset Dispositions, Net	(3)		—		3		—
Other, Net	16		—		—		16
Operating Revenues and Other	5,385		90		3		5,478
Lease and Well	383		10		3
Gathering, Processing and Transportation Costs	454		1		—
Marketing Costs	1,216		—		—
Depreciation, Depletion and Amortization	1,016		37		—
General and Administrative	178		4		4
Taxes Other Than Income	300		1		—
Other Segment Items (1)	79		7		38
Operating Income (Loss)	1,759		30		(42)		1,747
Interest Income							56
Other Expense							(1)
Interest Expense, Net							(51)
Income Before Income Taxes							$	1,751
Other Segment Disclosures:
Additions to Oil and Gas Properties, Excluding Dry Hole Costs	1,626		61		3		1,690
Interest Expense, Net	51		—		—		51
Interest Income	52		2		2		56

	United States		Trinidad		Other International		Total
Six Months Ended June 30, 2026
Crude Oil and Condensate	$	8,445	$	28	$	5	$	8,478
NGLs	1,434		—		—		1,434
Natural Gas	1,636		190		7		1,833
Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net	153		—		—		153
Gathering, Processing and Marketing	3,499		8		—		3,507
Gains on Asset Dispositions, Net	86		—		3		89
Other, Net	47		—		—		47
Operating Revenues and Other	15,300		226		15		15,541
Lease and Well	895		22		12
Gathering, Processing and Transportation Costs	1,324		2		4
Marketing Costs	3,334		—		—
Depreciation, Depletion and Amortization	2,357		94		1
General and Administrative	378		8		12
Taxes Other Than Income	760		7		2
Other Segment Items (1)	186		4		13
Operating Income (Loss)	6,066		89		(29)		6,126
Interest Income							66
Other Expense							(5)
Interest Expense, Net							(133)
Income Before Income Taxes							$	6,054
Other Segment Disclosures:
Additions to Oil and Gas Properties, Excluding Dry Hole Costs	3,042		59		82		3,183
Total Property, Plant and Equipment, Net	42,535		511		194		43,240
Total Assets	53,149		1,221		413		54,783
Interest Expense, Net	133		—		—		133
Interest Income	59		4		3		66

	United States		Trinidad		Other International		Total
Six Months Ended June 30, 2025
Crude Oil and Condensate	$	6,255	$	12	$	—	$	6,267
NGLs	1,106		—		—		1,106
Natural Gas	1,070		167		—		1,237
Losses on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net	(84)		—		—		(84)
Gathering, Processing and Marketing	2,586		1		—		2,587
Losses on Asset Dispositions, Net	—		—		(1)		(1)
Other, Net	35		—		—		35
Operating Revenues and Other	10,968		180		(1)		11,147
Lease and Well	768		24		5
Gathering, Processing and Transportation Costs	894		1		—
Marketing Costs	2,541		—		—
Depreciation, Depletion and Amortization	1,979		87		—
General and Administrative	340		8		9
Taxes Other Than Income	640		2		—
Other Segment Items (1)	161		40		42
Operating Income (Loss)	3,645		18		(57)		3,606
Interest Income							124
Other Expense							(4)
Interest Expense, Net							(98)
Income Before Income Taxes							$	3,628
Other Segment Disclosures:
Additions to Oil and Gas Properties, Excluding Dry Hole Costs	2,984		59		3		3,046
Total Property, Plant and Equipment, Net	34,850		483		28		35,361
Total Assets	44,921		1,169		194		46,284
Interest Expense, Net	98		—		—		98
Interest Income	116		5		3		124

(1)Other Segment Items include Exploration Costs, Dry Hole Costs and Impairments. Other Segment Items primarily relate to impairments, exploration costs and dry hole costs in the United States, and exploration costs in Other International for the three-month and six-month periods ended June 30, 2026. Other Segment Items primarily relate to impairments, exploration costs and dry hole costs in the United States, exploration costs in Trinidad and impairments and exploration costs in Other International for the three-month period ended June 30, 2025. Other Segment Items primarily relate to impairments, exploration costs and dry hole costs in the United States, exploration costs and dry hole costs in Trinidad and impairments and exploration costs in Other International for the six-month period ended June 30, 2025.