v3.26.1
Risk Management Activities (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments Presented below is a comprehensive summary of EOG's financial commodity derivative contracts settled during the three-month period ended March 31, 2026 (closed) and outstanding as of March 31, 2026. Natural gas volumes are presented in million British thermal units per day (MMBtud) and prices are presented in dollars per million British Thermal Units ($/MMBtu). NGL volumes are presented in thousand barrels per day (MBbld) and prices are presented in dollars per barrel ($/Bbl).
Natural Gas Financial Price Swap Contracts
Contracts Sold
PeriodSettlement IndexVolume
(MMBtud in thousands)		Weighted Average Price ($/MMBtu)
January - April 2026 (closed)NYMEX Henry Hub460$3.78 
May - June 2026NYMEX Henry Hub4603.78 
July - December 2026NYMEX Henry Hub4503.79 

Natural Gas Collar Contracts
Contracts Sold
Weighted Average Price
 ($/MMBtu)
PeriodSettlement IndexVolume
(MMBtud in thousands)		Ceiling PriceFloor Price
January - April 2026 (closed)NYMEX Henry Hub80$4.28 $3.72 
May - June 2026NYMEX Henry Hub804.28 3.72 
July - December 2026NYMEX Henry Hub704.23 3.71 
January - December 2027NYMEX Henry Hub1204.41 3.42 

Ethane Financial Price Swap Contracts
Contracts Sold
PeriodSettlement IndexVolume
(MBbld)		Weighted Average Price ($/Bbl)
January - March 2026 (closed)Mont Belvieu Ethane (non-Tet)11 $10.94 
April - December 2026Mont Belvieu Ethane (non-Tet)11 10.94 
Propane Financial Price Swap Contracts
Contracts Sold
PeriodSettlement IndexVolume
(MBbld)		Weighted Average Price ($/Bbl)
January - March 2026 (closed)Mont Belvieu Propane (Tet)1 $30.24 
April - December 2026Mont Belvieu Propane (Tet)1 30.24 
Schedule of Outstanding Financial Commodity and Other Derivative Instruments The following table sets forth the amounts and classification of EOG's outstanding financial commodity and other derivative instruments at March 31, 2026 and December 31, 2025. Certain amounts may be presented on a net basis on the Condensed Consolidated Financial Statements when such amounts are with the same counterparty and subject to a master netting arrangement (in millions):
Fair Value at
DescriptionLocation on Balance SheetMarch 31, 2026December 31, 2025
Asset Derivatives
NGLs and natural gas financial derivative contracts -
Current Portion
Other Current Assets (1)
$60 $18 
Noncurrent PortionOther Assets4 — 
Brent Crude Oil (Brent) Linked Gas Sales Contract -
Noncurrent PortionOther Assets152 31 
Liability Derivatives
Brent Crude Oil (Brent) Linked Gas Sales Contract -
Current portionOther Current Liabilities$2 $— 
NGLs and natural gas derivative contracts -
Noncurrent PortionOther Liabilities— 2 
(1)The current portion of Assets from Price Risk Management Activities consists of gross assets of $61 million, partially offset by gross liabilities of $1 million at March 31, 2026.