2021 Q4 Form 10-K Financial Statement

#000082118922000017 Filed on February 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $6.073B $18.64B $2.965B
YoY Change 104.79% 68.98% -31.36%
Cost Of Revenue $1.865B $6.750B $1.204B
YoY Change 54.94% 35.65% -37.16%
Gross Profit $4.208B $11.88B $1.767B
YoY Change 138.09% 94.58% -22.64%
Gross Profit Margin 69.29% 63.7% 59.6%
Selling, General & Admin $455.0M $1.558B $226.7M
YoY Change 100.71% 61.95% -30.22%
% of Gross Profit 10.81% 13.12% 12.83%
Research & Development $80.00M $205.0M $34.40M
YoY Change 132.56% 48.55% 20.28%
% of Gross Profit 1.9% 1.73% 1.95%
Depreciation & Amortization $910.0M $3.651B $870.6M
YoY Change 4.53% 7.38% -9.24%
% of Gross Profit 21.63% 30.75% 49.26%
Operating Expenses $1.445B $5.414B $1.132B
YoY Change 27.68% 20.31% -13.79%
Operating Profit $2.763B $6.102B $487.7M
YoY Change 466.58% -1221.69% -43.54%
Interest Expense -$38.00M $178.0M -$53.10M
YoY Change -28.44% -13.17% 30.47%
% of Operating Profit -1.38% 2.92% -10.89%
Other Income/Expense, Net $9.000M $9.000M -$6.800M
YoY Change -232.35% -10.0% -182.93%
Pretax Income $2.499B $5.933B $427.8M
YoY Change 484.15% -902.84% -48.53%
Income Tax $514.0M $1.269B $90.29M
% Of Pretax Income 20.57% 21.39% 21.11%
Net Earnings $1.985B $4.664B $337.5M
YoY Change 488.21% -870.91% -46.98%
Net Earnings / Revenue 32.69% 25.02% 11.38%
Basic Earnings Per Share $8.03 $0.58
Diluted Earnings Per Share $3.399M $7.99 $0.58
COMMON SHARES
Basic Shares Outstanding 585.1M shares 581.0M shares 579.6M shares
Diluted Shares Outstanding 584.0M shares 580.9M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.209B $5.209B $3.329B
YoY Change 56.47% 56.47% 64.15%
Cash & Equivalents $5.209B $5.209B $3.329B
Short-Term Investments
Other Short-Term Assets $456.0M $456.0M $294.0M
YoY Change 55.1% 27.02% -9.1%
Inventory $584.0M $584.0M $629.0M
Prepaid Expenses
Receivables $2.335B $2.335B $1.522B
Other Receivables $0.00 $0.00 $23.00M
Total Short-Term Assets $8.584B $8.584B $5.862B
YoY Change 46.43% 46.43% 11.16%
LONG-TERM ASSETS
Property, Plant & Equipment $28.43B $29.17B $28.60B
YoY Change -0.6% -1.01% -5.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.215B $483.0M $1.342B
YoY Change -9.46% 1.68% -9.59%
Total Long-Term Assets $29.65B $29.65B $29.94B
YoY Change -0.97% -0.97% -5.99%
TOTAL ASSETS
Total Short-Term Assets $8.584B $8.584B $5.862B
Total Long-Term Assets $29.65B $29.65B $29.94B
Total Assets $38.24B $38.24B $35.81B
YoY Change 6.79% 6.79% -3.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.242B $2.242B $1.681B
YoY Change 33.37% 33.37% -30.8%
Accrued Expenses $240.0M $240.0M $295.0M
YoY Change -18.64% -18.64% -20.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $37.00M $37.00M $781.0M
YoY Change -95.26% -95.26% -23.02%
Total Short-Term Liabilities $4.042B $4.042B $3.460B
YoY Change 16.82% 16.82% -22.89%
LONG-TERM LIABILITIES
Long-Term Debt $5.072B $5.072B $5.035B
YoY Change 0.73% 0.73% 21.01%
Other Long-Term Liabilities $2.193B $2.193B $2.149B
YoY Change 2.05% 2.09% 20.06%
Total Long-Term Liabilities $7.265B $7.265B $7.184B
YoY Change 1.13% 1.14% 20.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.042B $4.042B $3.460B
Total Long-Term Liabilities $7.265B $7.265B $7.184B
Total Liabilities $11.31B $16.06B $10.64B
YoY Change 6.23% 3.57% 1.98%
SHAREHOLDERS EQUITY
Retained Earnings $15.92B $14.17B
YoY Change 12.34% -9.45%
Common Stock $206.0M $206.0M
YoY Change 0.0% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.00M $7.000M
YoY Change 185.71% -73.62%
Treasury Stock Shares 257.3K shares 124.3K shares
Shareholders Equity $22.18B $22.18B $20.30B
YoY Change
Total Liabilities & Shareholders Equity $38.24B $38.24B $35.81B
YoY Change 6.79% 6.79% -3.55%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $1.985B $4.664B $337.5M
YoY Change 488.21% -870.91% -46.98%
Depreciation, Depletion And Amortization $910.0M $3.651B $870.6M
YoY Change 4.53% 7.38% -9.24%
Cash From Operating Activities $3.166B $8.791B $1.121B
YoY Change 182.35% 75.54% -37.95%
INVESTING ACTIVITIES
Capital Expenditures -$1.014B -$3.850B -$841.2M
YoY Change 20.54% 11.12% -38.52%
Acquisitions
YoY Change
Other Investing Activities $177.0M $0.00 $204.3M
YoY Change -13.36% 19.26%
Cash From Investing Activities -$837.0M -$3.419B -$636.8M
YoY Change 31.44% 2.12% -46.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $41.00M
YoY Change 156.25%
Debt Paid & Issued, Net $750.0M
YoY Change -25.0%
Cash From Financing Activities -1.414B -$3.493B -219.5M
YoY Change 544.19% 872.98% 32.95%
NET CHANGE
Cash From Operating Activities 3.166B $8.791B 1.121B
Cash From Investing Activities -837.0M -$3.419B -636.8M
Cash From Financing Activities -1.414B -$3.493B -219.5M
Net Change In Cash 915.0M $1.880B 265.0M
YoY Change 245.28% 44.5% -40.45%
FREE CASH FLOW
Cash From Operating Activities $3.166B $8.791B $1.121B
Capital Expenditures -$1.014B -$3.850B -$841.2M
Free Cash Flow $4.180B $12.64B $1.962B
YoY Change 112.99% 49.2% -38.2%

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518000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1217000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1111000000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
81000000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
58000000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
131000000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
54000000 USD
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
44000000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
47000000 USD
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
20000000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
54000000 USD
CY2021 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
0 USD
CY2020 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
1000000 USD
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1231000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1217000000 USD
CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
43000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
50000000 USD
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1188000000 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1167000000 USD
CY2021 eog Net Changes In Suspended Well Costs
NetChangesInSuspendedWellCosts
<div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EOG's net changes in capitalized exploratory well costs for the years ended December 31, 2021, 2020 and 2019 are presented below (in millions):</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.099%"><tr><td style="width:1.0%"/><td style="width:58.512%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.865%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.545%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.865%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.545%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.868%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at January 1</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions Pending the Determination of Proved Reserves</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">108 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reclassifications to Proved Properties</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(41)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(81)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(39)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Costs Charged to Expense </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(54)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(24)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance at December 31</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:26.315%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"/></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)    Includes capitalized exploratory well costs charged to either dry hole costs or impairments.</span></div>
CY2018Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
4000000 USD
CY2021 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
73000000 USD
CY2020 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
108000000 USD
CY2019 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
83000000 USD
CY2021 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
41000000 USD
CY2020 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
81000000 USD
CY2019 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
39000000 USD
CY2021 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
54000000 USD
CY2020 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
24000000 USD
CY2019 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
22000000 USD
CY2021Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
7000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
29000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
26000000 USD
CY2021Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
7000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
26000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
26000000 USD
CY2021Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
0 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
3000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
0 USD
CY2021Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
7000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
29000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
26000000 USD
CY2021Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
0 well
CY2020Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
1 well
CY2019Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
0 well
CY2021 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
231000000 USD
CY2021Q4 eog Book Value Liabilities Measured On Recurring Basis Obligations
BookValueLiabilitiesMeasuredOnRecurringBasisObligations
105000000 USD
CY2020 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
192000000 USD
CY2019 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
140000000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
295000000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
393000000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
497000000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
39000000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
21000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
13000000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
63000000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
91000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
138000000 USD
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
257000000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
194000000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
333000000 USD
CY2021 us-gaap Lease Cost
LeaseCost
661000000 USD
CY2020 us-gaap Lease Cost
LeaseCost
703000000 USD
CY2019 us-gaap Lease Cost
LeaseCost
983000000 USD
CY2020 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
35000000 USD
CY2021Q4 eog Lease Rightof Use Asset
LeaseRightofUseAsset
984000000 USD
CY2020Q4 eog Lease Rightof Use Asset
LeaseRightofUseAsset
1075000000 USD
CY2021Q4 eog Lease Liability
LeaseLiability
1048000000 USD
CY2020Q4 eog Lease Liability
LeaseLiability
1148000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
333000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
74000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
893000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
174000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
784000000 USD
CY2021Q4 eog Operating And Finance Leases Not Yet Commenced Payments Due
OperatingAndFinanceLeasesNotYetCommencedPaymentsDue
98000000 USD
CY2021 eog Operating And Finance Leases Not Yet Commenced Lease Term
OperatingAndFinanceLeasesNotYetCommencedLeaseTerm
P3M
CY2021 eog Maximum Operating And Finance Leases Not Yet Commenced Lease Term
MaximumOperatingAndFinanceLeasesNotYetCommencedLeaseTerm
P9Y
CY2021Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
1548 MMBbls
CY2021Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
8222 Bcf
CY2021Q4 eog Proved Developed Reservesstatedin Mboe
ProvedDevelopedReservesstatedinMBOE
3747 MMBoe
CY2018Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
1548 MMBoe
CY2019Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
1721 MMBoe
CY2020Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
1649 MMBoe
CY2021Q4 srt Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
1948 MMBoe
CY2020Q4 eog Proved Undeveloped Reserves Beginning Balance
ProvedUndevelopedReservesBeginningBalance
1571 MMBoe
CY2019Q4 eog Proved Undeveloped Reserves Beginning Balance
ProvedUndevelopedReservesBeginningBalance
1608 MMBoe
CY2018Q4 eog Proved Undeveloped Reserves Beginning Balance
ProvedUndevelopedReservesBeginningBalance
1380 MMBoe
CY2021 eog Proved Undeveloped Extensionsand Discoveries
ProvedUndevelopedExtensionsandDiscoveries
779 MMBoe
CY2020 eog Proved Undeveloped Extensionsand Discoveries
ProvedUndevelopedExtensionsandDiscoveries
456 MMBoe
CY2019 eog Proved Undeveloped Extensionsand Discoveries
ProvedUndevelopedExtensionsandDiscoveries
578 MMBoe
CY2021 eog Proved Undeveloped Reserves Revisions
ProvedUndevelopedReservesRevisions
-305 MMBoe
CY2020 eog Proved Undeveloped Reserves Revisions
ProvedUndevelopedReservesRevisions
-277 MMBoe
CY2019 eog Proved Undeveloped Reserves Revisions
ProvedUndevelopedReservesRevisions
-50 MMBoe
CY2021 eog Acquisitionof Reserves Mboe
AcquisitionofReservesMBOE
0 MMBoe
CY2020 eog Acquisitionof Reserves Mboe
AcquisitionofReservesMBOE
0 MMBoe
CY2019 eog Acquisitionof Reserves Mboe
AcquisitionofReservesMBOE
2 MMBoe
CY2021 eog Proved Undeveloped Reserves Salesof Reserves
ProvedUndevelopedReservesSalesofReserves
-3 MMBoe
CY2020 eog Proved Undeveloped Reserves Salesof Reserves
ProvedUndevelopedReservesSalesofReserves
-4 MMBoe
CY2019 eog Proved Undeveloped Reserves Salesof Reserves
ProvedUndevelopedReservesSalesofReserves
0 MMBoe
CY2021 eog Proved Undeveloped Conversionto Proved Developed Reserves
ProvedUndevelopedConversiontoProvedDevelopedReserves
-243 MMBoe
CY2020 eog Proved Undeveloped Conversionto Proved Developed Reserves
ProvedUndevelopedConversiontoProvedDevelopedReserves
-212 MMBoe
CY2019 eog Proved Undeveloped Conversionto Proved Developed Reserves
ProvedUndevelopedConversiontoProvedDevelopedReserves
-302 MMBoe
CY2021Q4 eog Proved Undeveloped Reserves Ending Balance
ProvedUndevelopedReservesEndingBalance
1799 MMBoe
CY2020Q4 eog Proved Undeveloped Reserves Ending Balance
ProvedUndevelopedReservesEndingBalance
1571 MMBoe
CY2019Q4 eog Proved Undeveloped Reserves Ending Balance
ProvedUndevelopedReservesEndingBalance
1608 MMBoe
CY2021Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
64876000000 USD
CY2020Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
61725000000 USD
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