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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net Operating Revenues      
Crude Oil and Condensate $ 4,317,341 $ 4,934,562 $ 9,742,480
Natural Gas Liquids 437,250 407,658 934,051
Natural Gas 742,152 1,061,038 1,916,386
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts (99,608) 61,924 834,273
Gathering, Processing and Marketing 1,966,259 2,253,135 4,046,316
Gains (Losses) on Asset Dispositions, Net 205,835 (8,798) 507,590
Other, Net 81,403 47,909 54,244
Total 7,650,632 [1] 8,757,428 [2] 18,035,340 [3]
Operating Expenses      
Lease and Well 927,452 1,182,282 1,416,413
Transportation Costs 764,106 849,319 972,176
Gathering and Processing Costs 122,901 146,156 145,800
Exploration Costs 124,953 149,494 184,388
Dry Hole Costs [4] 10,657 14,746 48,490
Impairments 620,267 6,613,546 743,575
Marketing Costs 2,007,635 2,385,982 4,126,060
Depreciation, Depletion and Amortization 3,553,417 3,313,644 3,997,041
General and Administrative 394,815 366,594 402,010
Taxes Other Than Income 349,710 421,744 757,564
Total 8,875,913 15,443,507 12,793,517
Operating Income (Loss) (1,225,281) (6,686,079) 5,241,823
Other (Expense) Income, Net (50,543) 1,916 (45,050)
Income (Loss) Before Interest Expense and Income Taxes (1,275,824) (6,684,163) 5,196,773
Interest Expense      
Incurred 313,341 279,234 258,628
Capitalized (31,660) (41,841) (57,170)
Net Interest Expense 281,681 237,393 201,458
Income (Loss) Before Income Taxes (1,557,505) (6,921,556) 4,995,315
Income Tax (Benefit) Provision (460,819) (2,397,041) 2,079,828
Net Income (Loss) $ (1,096,686) $ (4,524,515) $ 2,915,487
Net Income (Loss) Per Share      
Basic (in dollars per share) $ (1.98) $ (8.29) $ 5.36
Diluted (in dollars per share) (1.98) (8.29) 5.32
Dividends Declared per Common Share $ 0.670 $ 0.670 $ 0.585
Average Number of Common Shares [Abstract]      
Basic (in shares) 553,384 545,697 543,443
Diluted (in shares) 553,384 545,697 548,539
Statement Of Comprehensive Income [Abstract]      
Net Income (Loss) $ (1,096,686) $ (4,524,515) $ 2,915,487
Other Comprehensive Income (Loss)      
Foreign Currency Translation Adjustments 12,097 (11,517) (437,728)
Other, Net of Tax 2,231 1,235 (1,162)
Other Comprehensive Income (Loss) 14,328 (10,282) (438,890)
Comprehensive Income (Loss) $ (1,082,358) $ (4,534,797) $ 2,476,597
[1] EOG had sales activity with three significant purchasers in 2016, one totaling $1.2 billion, one totaling $1.1 billion and one totaling $1.0 billion of consolidated Net Operating Revenues in the United States segment.
[2] 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.
[3] 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.
[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, 2016.