Unaudited Quarterly Financial Information

12 Months Ended

Dec. 31, 2013

Unaudited Quarterly Financial Information [Abstract]

Unaudited Quarterly Financial Information [Text Block]

EOG RESOURCES, INC.

SUPPLEMENTAL INFORMATION TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Unaudited Quarterly Financial Information

(In Thousands, Except Per Share Data)

Quarter Ended	Mar 31		Jun 30		Sep 30		Dec 31
2013
Net Operating Revenues	$	3,356,514	$	3,840,185	$	3,541,396	$	3,749,023
Operating Income	$	833,074	$	1,092,044	$	769,769	$	980,324
Income Before Income Taxes	$	761,019	$	1,035,230	$	721,555	$	919,082
Income Tax Provision		266,294		375,538		259,057		338,888
Net Income	$	494,725	$	659,692	$	462,498	$	580,194
Net Income Per Share (1)
Basic	$	1.84	$	2.44	$	1.71	$	2.14
Diluted	$	1.82	$	2.42	$	1.69	$	2.12
Average Number of Common Shares
Basic		269,358		270,016		270,471		270,929
Diluted		272,263		272,739		273,576		273,983
2012
Net Operating Revenues	$	2,806,651	$	2,909,319	$	2,954,855	$	3,011,811
Operating Income (Loss)	$	559,772	$	692,339	$	605,747	$	(378,061	)
Income (Loss) Before Income Taxes	$	520,134	$	646,239	$	560,189	$	(445,822	)
Income Tax Provision		196,125		250,461		204,698		59,177
Net Income (Loss) (2)	$	324,009	$	395,778	$	355,491	$	(504,999	)
Net Income (Loss) Per Share (1)
Basic	$	1.22	$	1.48	$	1.33	$	(1.88	)
Diluted	$	1.20	$	1.47	$	1.31	$	(1.88	)
Average Number of Common Shares
Basic		266,674		266,874		267,941		268,941
Diluted		270,242		269,985		270,982		268,941

(1) The sum of quarterly net income (loss) per share may not agree with total year net income (loss) per share as each quarterly computation is based on the weighted average of common shares outstanding.

(2) Fourth quarter 2012 results include the impact of pretax impairments of $1,020 million, primarily related to proved and unproved natural gas properties in Canada and the United States as well as an additional income tax provision of $135 million related to valuation allowances recorded to reduce the value of Canadian deferred tax assets.