v3.26.1
Business Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
EOG's operations are all crude oil, 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 periods ended March 31, 2026 and 2025 (in millions):
United StatesTrinidadOther InternationalTotal
Three Months Ended March 31, 2026
Crude Oil and Condensate$3,564 $12 $1 $3,577 
NGLs664 — — 664 
Natural Gas934 84 3 1,021 
Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net113 — — 113 
Gathering, Processing and Marketing1,493 3 — 1,496 
Gains on Asset Dispositions, Net31 — — 31 
Other, Net19 — — 19 
Operating Revenues and Other6,818 99 4 6,921 
Lease and Well446 10 6 
Gathering, Processing and Transportation Costs653 1 — 
Marketing Costs1,384 — — 
Depreciation, Depletion and Amortization1,152 41 — 
General and Administrative175 3 7 
Taxes Other Than Income335 2 1 
Other Segment Items (1)
96 2 9 
Operating Income (Loss)2,577 40 (19)2,598 
Interest Income31 
Other Expense(8)
Interest Expense, Net(66)
Income Before Income Taxes$2,555 
 
Other Segment Disclosures:
Additions to Oil and Gas Properties, Excluding Dry Hole Costs1,431 40 49 1,520 
Total Property, Plant and Equipment, Net41,977 543 154 42,674 
Total Assets51,774 1,201 403 53,378 
Interest Expense, Net66 — — 66 
Interest Income28 2 1 31 
United StatesTrinidadOther InternationalTotal
Three Months Ended March 31, 2025
Crude Oil and Condensate$3,286 $7 $— $3,293 
Natural Gas Liquids572 — — 572 
Natural Gas554 83 — 637 
Losses on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net(191)— — (191)
Gathering, Processing and Marketing1,340 — — 1,340 
Gains (Losses) on Asset Dispositions, Net3 — (4)(1)
Other, Net19 — — 19 
Operating Revenues and Other5,583 90 (4)5,669 
Lease and Well385 14 2 
Gathering, Processing and Transportation Costs440 — — 
Marketing Costs1,325 — — 
Depreciation, Depletion and Amortization963 50 — 
General and Administrative162 4 5 
Taxes Other Than Income340 1 — 
Other Segment Items (1)
82 33 4 
Operating Income (Loss)1,886 (12)(15)1,859 
Interest Income68 
Other Expense(3)
Interest Expense, Net(47)
Income Before Income Taxes$1,877 
 
Other Segment Disclosures:
Additions to Oil and Gas Properties, Excluding Dry Hole Costs1,358 (2)— 1,356 
Total Property, Plant and Equipment, Net34,156 450 26 34,632 
Total Assets45,652 1,133 197 46,982 
Interest Expense, Net47 — — 47 
Interest Income64 3 1 68 
(1)Other Segment Items include Exploration Costs, Dry Hole Costs and Impairments. Other Segment Items primarily relate to impairments, exploration and dry hole costs in the United States, and exploration costs in Other International and Trinidad for the three-month period ended March 31, 2026. Other Segment Items primarily relate to impairments and exploration costs in the United States, dry hole costs in Trinidad and exploration costs in Other International for the three-month period ended March 31, 2025.