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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net Operating Revenues      
Crude Oil and Condensate $ 4,934,562 $ 9,742,480 $ 8,300,647
Natural Gas Liquids 407,658 934,051 773,970
Natural Gas 1,061,038 1,916,386 1,681,029
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts 61,924 834,273 (166,349)
Gathering, Processing and Marketing 2,253,135 4,046,316 3,643,749
Gains (Losses) on Asset Dispositions, Net (8,798) 507,590 197,565
Other, Net 47,909 54,244 56,507
Total 8,757,428 [1] 18,035,340 [2] 14,487,118 [3]
Operating Expenses      
Lease and Well 1,182,282 1,416,413 1,105,978
Transportation Costs 849,319 972,176 853,044
Gathering and Processing Costs 146,156 145,800 107,871
Exploration Costs 149,494 184,388 161,346
Dry Hole Costs [4] 14,746 48,490 74,655
Impairments 6,613,546 743,575 286,941
Marketing Costs 2,385,982 4,126,060 3,648,840
Depreciation, Depletion and Amortization 3,313,644 3,997,041 3,600,976
General and Administrative 366,594 402,010 348,312
Taxes Other Than Income 421,744 757,564 623,944
Total 15,443,507 12,793,517 10,811,907
Operating Income (Loss) (6,686,079) 5,241,823 3,675,211
Other Income (Expense), Net 1,916 (45,050) (2,865)
Income (Loss) Before Interest Expense and Income Taxes (6,684,163) 5,196,773 3,672,346
Interest Expense      
Incurred 279,234 258,628 284,599
Capitalized (41,841) (57,170) (49,139)
Net Interest Expense 237,393 201,458 235,460
Income (Loss) Before Income Taxes (6,921,556) 4,995,315 3,436,886
Income Tax Provision (2,397,041) 2,079,828 1,239,777
Net Income (Loss) $ (4,524,515) $ 2,915,487 $ 2,197,109
Net Income (Loss) Per Share      
Basic (in dollars per share) $ (8.29) $ 5.36 $ 4.07
Diluted (in dollars per share) (8.29) 5.32 4.02
Dividends Declared per Common Share $ 0.670 $ 0.585 $ 0.375
Average Number of Common Shares [Abstract]      
Basic (in shares) 545,697 543,443 540,341
Diluted (in shares) 545,697 548,539 546,227
Statement Of Comprehensive Income [Abstract]      
Net Income (Loss) $ (4,524,515) $ 2,915,487 $ 2,197,109
Other Comprehensive Income (Loss)      
Foreign Currency Translation Adjustments (11,517) (437,728) (29,395)
Other 1,235 (1,162) 5,334
Other Comprehensive Income (Loss) (10,282) (438,890) (24,061)
Comprehensive Income (Loss) $ (4,534,797) $ 2,476,597 $ 2,173,048
[1] EOG had sales activity with two significant purchasers in 2015, one totaling $1.7 billion and the other totaling $1.4 billion of consolidated Net Operating Revenues in the United States segment.
[2] EOG had sales activity with two significant purchasers in 2014, one totaling $4.0 billion and the other totaling $3.0 billion of consolidated Net Operating Revenues in the United States segment.
[3] 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.
[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, 2015.