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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net Operating Revenues      
Crude Oil and Condensate $ 8,300,647 $ 5,659,437 $ 3,838,284
Natural Gas Liquids 773,970 727,177 779,364
Natural Gas 1,681,029 1,571,762 2,240,540
(Losses) Gains on Mark-to-Market Commodity Derivative Contracts (166,349) 393,744 626,053
Gathering, Processing and Marketing 3,643,749 3,096,694 2,115,792
Gains on Asset Dispositions, Net 197,565 192,660 492,909
Other, Net 56,507 41,162 33,173
Total 14,487,118 [1] 11,682,636 [2] 10,126,115 [3]
Operating Expenses      
Lease and Well 1,105,978 1,000,052 941,954
Transportation Costs 853,044 601,431 430,322
Gathering and Processing Costs 107,871 97,945 80,727
Exploration Costs 161,346 185,569 171,658
Dry Hole Costs 74,655 14,970 [4] 53,230 [4]
Impairments 286,941 1,270,735 1,031,037
Marketing Costs 3,648,840 3,035,494 2,072,137
Depreciation, Depletion and Amortization 3,600,976 3,169,703 2,516,381
General and Administrative 348,312 331,545 304,811
Taxes Other Than Income 623,944 495,395 410,549
Total 10,811,907 10,202,839 8,012,806
Operating Income 3,675,211 1,479,797 2,113,309
Other Income, Net (2,865) 14,495 6,853
Income Before Interest Expense and Income Taxes 3,672,346 1,494,292 2,120,162
Interest Expense      
Incurred 284,599 263,254 268,104
Capitalized (49,139) (49,702) (57,741)
Net Interest Expense 235,460 213,552 210,363
Income (Loss) Before Income Taxes 3,436,886 1,280,740 1,909,799
Income Tax Provision 1,239,777 710,461 818,676
Net Income (Loss) 2,197,109 570,279 1,091,123
Net Income Per Share      
Basic (in dollars per share) $ 8.13 $ 2.13 $ 4.15
Diluted (in dollars per share) $ 8.04 $ 2.11 $ 4.10
Dividends Declared per Common Share $ 0.75 $ 0.68 $ 0.64
Average Number of Common Shares [Abstract]      
Basic (in dollars per share) 270,170 267,577 262,735
Diluted (in dollars per share) 273,114 270,762 266,268
Comprehensive Income      
Net Income 2,197,109 570,279 1,091,123
Other Comprehensive Income (Loss)      
Foreign Currency Translation Adjustments (29,395) 37,739 (32,597)
Foreign Currency Swap Transaction 1,652 1,589 (1,571)
Income Tax Related to Foreign Currency Swap Transaction 1 (404) 404
Interest Rate Swap Transaction 2,737 (134) (5,223)
Income Tax Related to Interest Rate Swap Transaction (981) 48 1,878
Other 1,925 (689) (1,216)
Other Comprehensive Income (Loss) (24,061) 38,149 (38,325)
Comprehensive Income $ 2,173,048 $ 608,428 $ 1,052,798
[1] EOG had sales activity with two significant purchasers in 2013, one totaling $3.9 billion and the other totaling $2.0 billion of consolidated Net Operating Revenues in the United States segment.
[2] EOG had sales activity with a single significant purchaser in the United States segment in 2012 that totaled $2.2 billion of consolidated Net Operating Revenues.
[3] EOG had no purchasers in 2011 whose sales totaled 10 percent or more of consolidated Net Operating Revenues.
[4] Excludes gains or losses on the mark-to-market of financial commodity derivative contracts, gains or losses on sales of reserves and related assets, interest charges and general corporate expenses for each of the three years in the period ended December 31, 2013.