Acquisitions and Divestitures (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed

The following table summarizes the preliminary allocation of the consideration to the fair values of the assets acquired and liabilities assumed (in millions):



Total Consideration	$	4,471

Fair Value of Assets Acquired:
Cash and Cash Equivalents	$	20
Accounts Receivable, Net	323
Inventories	9
Assets from Price Risk Management Activities (1)	26
Other Current Assets	23
Oil and Gas Properties (Successful Efforts Method)	6,718
Other Property, Plant and Equipment	52
Other Assets	68
Amount Attributable to Assets Acquired	$	7,239

Fair Value of Liabilities Assumed:
Accounts Payable	$	622
Accrued Taxes Payable	22
Liabilities from Price Risk Management Activities (2)	15
Current Portion of Operating Lease Liabilities	23
Other Current Liabilities	47
Senior Notes	1,266
Asset Retirement Obligations	52
Other Liabilities	72
Deferred Income Taxes	649
Amount Attributable to Liabilities Assumed	$	2,768

Net Assets Acquired and Liabilities Assumed	$	4,471

(1)Within Other Current Assets on the Condensed Consolidated Balance Sheet.

(2)Within Other Current Liabilities on the Condensed Consolidated Balance Sheet.

Schedule of Business Combination, Pro Forma Information

The following table details unaudited supplemental pro forma financial information for Encino as if EOG had completed the acquisition on January 1, 2025 (in millions):




	Three Months Ended March 31, 2025
Operating Revenues and Other		$	6,259
Net Income		1,411