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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Deferred Income Tax Liabilities, Net
The principal components of EOG's total net deferred income tax liabilities at December 31, 2018 and 2017 were as follows (in thousands):
 
2018
 
2017
Deferred Income Tax Assets (Liabilities)
 

 
 

Foreign Oil and Gas Exploration and Development Costs Deducted for Tax Under Book Depreciation, Depletion and Amortization
$
4,359

 
$
(40,851
)
Foreign Net Operating Loss
55,175

 
423,258

Foreign Valuation Allowances
(58,932
)
 
(365,379
)
Foreign Other
175

 
478

Total Net Deferred Income Tax Assets
$
777

 
$
17,506

Deferred Income Tax (Assets) Liabilities
 

 
 

Oil and Gas Exploration and Development Costs Deducted for Tax Over Book Depreciation, Depletion and Amortization
$
4,819,222

 
$
3,894,739

Commodity Hedging Contracts
4,883

 
(12,008
)
Deferred Compensation Plans
(39,086
)
 
(35,832
)
Accrued Expenses and Liabilities
(19,097
)
 
12,094

Net Operating Loss - Federal
—

 
(69,262
)
Non-Producing Leasehold Costs
(88,594
)
 
(47,981
)
Seismic Costs Capitalized for Tax
(164,932
)
 
(109,423
)
Equity Awards
(93,977
)
 
(92,696
)
Capitalized Interest
17,821

 
51,345

Alternative Minimum Tax Credit Carryforward
—

 
(77,114
)
Undistributed Foreign Earnings
22,945

 
19,684

Other
(45,787
)
 
(15,332
)
Total Net Deferred Income Tax Liabilities
$
4,413,398

 
$
3,518,214

Total Net Deferred Income Tax Liabilities
$
4,412,621

 
$
3,500,708
Components of Income (Loss) Before Income Taxes
he components of Income (Loss) Before Income Taxes for the years indicated below were as follows (in thousands):
 
2018
 
2017
 
2016
 
 
 
 
 
 
United States
$
4,084,156

 
$
621,610

 
$
(1,520,573
)
Foreign
156,842

 
39,572

 
(36,932
)
Total
$
4,240,998

 
$
661,182

 
$
(1,557,505
)
Components of Income Tax Provision (Benefit)
The principal components of EOG's Income Tax Provision (Benefit) for the years indicated below were as follows (in thousands):
 
2018
 
2017
 
2016
Current:
 
 
 
 
 
Federal
$
(303,853
)
 
$
33,058

 
$
11,567

State
17,048

 
(2,502
)
 
(8,369
)
Foreign
65,615

 
35,323

 
51,189

Total
(221,190
)
 
65,879

 
54,387

Deferred:
 

 
 

 
 

Federal
862,075

 
(1,504,288
)
 
(532,979
)
State
43,293

 
26,942

 
4,876

Foreign
(11,212
)
 
3,474

 
12,897

Total
894,156

 
(1,473,872
)
 
(515,206
)
Other Non-Current:
 
 
 
 
 
Federal
148,992

(1)
(513,404
)
(2)
—

Income Tax Provision (Benefit)
$
821,958

 
$
(1,921,397
)
 
$
(460,819
)

 
(1)
Includes change in refundable AMT credits and the reversal of the repatriation tax accrued in 2017. See previous discussion regarding the filing of EOG's 2017 U.S. federal income tax return for details.
(2)
Includes refundable AMT credits net of the repatriation tax that was expected to be paid post-2017.
Tax Rate Reconciliation
The differences between taxes computed at the U.S. federal statutory tax rate and EOG's effective rate for the years indicated below were as follows:
 
2018
 
2017
 
2016
Statutory Federal Income Tax Rate
21.00
 %
 
35.00
 %
 
35.00
 %
State Income Tax, Net of Federal Benefit
1.12

 
3.38

 
0.15

Income Tax Provision Related to Foreign Operations
0.51

 
(0.30
)
 
(1.23
)
Income Tax Provision Related to Trinidad Operations
—

 
—

 
(3.71
)
Income Tax Provision Related to United Kingdom Operations
—

 
1.78

 
—

Income Tax Provision Related to Canadian Operations
—

 
2.30

 
—

TCJA
(2.60
)
(1)
(328.10
)
(2)
—

Share-Based Compensation (3)
(0.47
)
 
(4.63
)
 
—

Other
(0.18
)
 
(0.03
)
 
(0.62
)
Effective Income Tax Rate
19.38
 %
 
(290.60
)%
 
29.59
 %

 
(1)
Includes impact of utilizing certain tax NOLs ((1.2)%), the IRS's reversal of its sequestration decision ((1.0)%) and other tax reform impacts ((0.4)%).
(2)
Includes impact of the federal rate reduction ((327.8)%), federal repatriation tax ((6.6)%), sequestration (6.4%) and other tax reform impacts ((0.1)%).
(3)
Effective January 1, 2017, EOG adopted the provisions of ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting" (ASU 2016-09), which provides that share-based compensation tax benefits and deficiencies are recognized in the income tax provision.
Summary of Valuation Allowance
The principal components of EOG's rollforward of valuation allowances for deferred income tax assets for the years indicated below were as follows (in thousands):
 
2018
 
2017
 
2016
 
 
 
 
 
 
Beginning Balance
$
466,421

 
$
383,221

 
$
506,127

Increase (1)
23,062

 
67,333

 
37,221

Decrease (2)
(26,219
)
 
(13,687
)
 
(12,667
)
Other (3)
(296,122
)
 
29,554

 
(147,460
)
Ending Balance
$
167,142

 
$
466,421

 
$
383,221

 
(1)
Increase in valuation allowance related to the generation of tax NOLs and other deferred tax assets.
(2)
Decrease in valuation allowance associated with adjustments to certain deferred tax assets and their related allowance.
(3)
Represents dispositions, revisions and/or foreign exchange rate variances and the effect of statutory income tax rate changes.