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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Revenues and Other      
Total $ 17,379,973 $ 17,275,399 $ 11,208,320
Operating Expenses      
Lease and Well 1,366,993 1,282,678 1,044,847
Transportation Costs [1] 758,300 746,876 740,352
Gathering and Processing Costs 479,102 [1],[2] 436,973 [1],[2] 148,775
Exploration Costs 139,881 148,999 145,342
Dry Hole Costs [1] 28,001 5,405 4,609
Impairments 517,896 347,021 479,240
Marketing Costs 5,351,524 5,203,243 3,330,237
Depreciation, Depletion and Amortization 3,749,704 3,435,408 3,409,387
General and Administrative 489,397 426,969 434,467
Taxes Other Than Income 800,164 772,481 544,662
Total 13,680,962 12,806,053 10,281,918
Operating Income 3,699,011 4,469,346 926,402
Other Income, Net 31,385 16,704 9,152
Income Before Interest Expense and Income Taxes 3,730,396 4,486,050 935,554
Interest Expense      
Incurred 223,421 269,549 301,801
Capitalized (38,292) (24,497) (27,429)
Net Interest Expense 185,129 245,052 274,372
Income Before Income Taxes 3,545,267 4,240,998 661,182
Income Tax Provision (Benefit) 810,357 821,958 (1,921,397)
Net Income $ 2,734,910 $ 3,419,040 $ 2,582,579
Net Income (Loss) Per Share      
Basic $ 4.73 $ 5.93 $ 4.49
Diluted $ 4.71 $ 5.89 $ 4.46
Average Number of Common Shares [Abstract]      
Basic (in shares) 577,670 576,578 574,620
Diluted (in shares) 580,777 580,441 578,693
Other Comprehensive Income (Loss)      
Foreign Currency Translation Adjustments $ (2,883) $ 16,816 $ 2,799
Other, Net of Tax (678) 1,123 (3,086)
Other Comprehensive Income (Loss) (3,561) 17,939 (287)
Comprehensive Income 2,731,349 3,436,979 2,582,292
Crude Oil and Condensate      
Operating Revenues and Other      
Revenues 9,612,532 9,517,440 6,256,396
Natural Gas Liquids      
Operating Revenues and Other      
Revenues 784,818 1,127,510 729,561
Natural Gas      
Operating Revenues and Other      
Revenues 1,184,095 1,301,537 921,934
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts      
Operating Revenues and Other      
Revenues 180,275 (165,640) 19,828
Gathering, Processing and Marketing      
Operating Revenues and Other      
Revenues 5,360,282 5,230,355 3,298,087
Gains (Losses) on Asset Dispositions, Net      
Operating Revenues and Other      
Revenues 123,613 174,562 (99,096)
Other, Net      
Operating Revenues and Other      
Revenues $ 134,358 $ 89,635 $ 81,610
[1]
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, 2019.
[2]
Effective January 1, 2018, EOG adopted the provisions of Accounting Standards Update (ASU) 2014-09, "Revenue From Contracts With Customers" (ASU 2014-09). In connection with the adoption of ASU 2014-09, EOG presents natural gas processing fees relating to certain processing and marketing agreements within its United States segment as Gathering and Processing Costs instead of as a deduction to Natural Gas Revenues. There was no impact to operating income or net income resulting from changes to the presentation of natural gas processing fees (see Note 1 to Consolidated Financial Statements).