Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

The following table provides fair value measurement information within the fair value hierarchy for certain of EOG's financial assets and liabilities carried at fair value on a recurring basis at March 31, 2026 and December 31, 2025 (in millions):



	Fair Value Measurements Using:
	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Balance at March 31, 2026
Financial Assets:
Natural Gas Swaps	$	—	$	53	$	—	$	53
Natural Gas Collars	—		11		—		11
NGL Swaps	—		1		—		1
Brent Linked Gas Sales Contract	—		—		152		152

Financial Liabilities:

Natural Gas Collars	$	—	$	1	$	—	$	1


Brent Linked Gas Sales Contract	—		—		2		2

Balance at December 31, 2025
Financial Assets:
Natural Gas Swaps	$	—	$	12	$	—	$	12
Natural Gas Collars	—		4		—		4
NGL Swaps	—		2		—		2
Brent Linked Gas Sales Contract	—		—		31		31

Financial Liabilities:
Natural Gas Swaps	$	—	$	1	$	—	$	1
Natural Gas Collars	—		1		—		1