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Stock-Based Payments (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Stock Options/SARs, Employee Stock Purchase Plan (ESPP), Restricted Stock and Restricted Stock Units and Performance Units Disclosures [Line Items]        
Stock-Based Compensation Expenses $ 31,000,000 $ 40,000,000 $ 66,000,000 $ 80,000,000
Common Shares Available for Grant 20,000,000   20,000,000  
Aggregate Maximum of Common Shares 20,000,000   20,000,000  
Stock Options And SARs        
Stock Options/SARs, Employee Stock Purchase Plan (ESPP), Restricted Stock and Restricted Stock Units and Performance Units Disclosures [Line Items]        
Stock-based compensation expense related to stock options, SAR and ESPP grants $ 9,000,000 $ 15,000,000 $ 19,000,000 $ 29,000,000
Unrecognized compensation expense $ 37,000,000   $ 37,000,000  
Weighted average period over which unrecognized compensation expense will be recognized (in years)     1 year 7 months 6 days  
Weighted Average Fair Values And Valuation Assumptions Used To Value Stock Option/SARs, ESPP, and Performance Units/Stock Stock-Based Compensation [Abstract]        
Weighted Average Fair Value of Grants (price per share)     $ 20.73 $ 16.94
Expected Volatility (in hundredths)     46.40% 42.10%
Risk-Free Interest Rate (in hundredths)     0.36% 0.93%
Dividend Yield (in hundredths)     2.87% 1.94%
Expected Life (in years)     5 years 2 months 12 days 5 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]        
Outstanding at January 1 (in shares)     10,186,000 9,395,000
Granted (in shares)     14,000 16,000
Exercised (1) (in shares) [1]     (239,000) (23,000)
Forfeited (in shares)     (234,000) (389,000)
Outstanding at June 30 (2) [2] 9,727,000 8,999,000 9,727,000 8,999,000
Stock Options and SARs Vested or Expected to Vest (3) (in shares) [3] 9,421,000 8,670,000 9,421,000 8,670,000
Stock Options and SARs Exercisable at March 31 (4) (in shares) [4] 6,023,000 4,963,000 6,023,000 4,963,000
Intrinsic Value of Stock Options/SARs Exercised [1]     $ 3,000,000.0 $ 400,000
Intrinsic Value of Stock Options/SARs Outstanding [2] $ 114,000,000 $ 100,000 $ 114,000,000 $ 100,000
Weighted Average Remaining Contractual Life for Stock Options/SARs Outstanding (in years) [2]     3 years 9 months 18 days 3 years 9 months 18 days
Intrinsic Value of Stock Options/SARs Vested or Expected to Vest [3] 106,000,000 100,000 $ 106,000,000 $ 100,000
Weighted average remaining contractual life for stock options/SARs vested or expected to vest (in years) [3]     3 years 9 months 18 days 3 years 10 months 24 days
Aggregate Intrinsic Value for Exercisable Units [4] $ 16,000,000 $ 0 $ 16,000,000 $ 0
Weighted average remaining contractual life for exercisable options/SARs (in years) [4]     2 years 8 months 12 days 2 years 8 months 12 days
Weighted Average Grant Price Stock Option and SARs [Rollforward]        
Outstanding at January 1 (price per share)     $ 84.08 $ 94.53
Granted (price per share)     64.97 58.40
Exercised (1) (price per share) [1]     69.85 69.59
Forfeited (price per share)     91.54 91.39
Outstanding at June 30 (2) [2] $ 84.23 $ 94.66 84.23 94.66
Vested or Expected to Vest (3) (price per share) [3] 84.91 94.67 84.91 94.67
Exercisable at June 30 (4) [4] $ 97.08 $ 94.61 97.08 94.61
ESPP        
Weighted Average Fair Values And Valuation Assumptions Used To Value Stock Option/SARs, ESPP, and Performance Units/Stock Stock-Based Compensation [Abstract]        
Weighted Average Fair Value of Grants (price per share)     $ 14.69 $ 20.80
Expected Volatility (in hundredths)     54.99% 35.24%
Risk-Free Interest Rate (in hundredths)     0.09% 1.56%
Dividend Yield (in hundredths)     3.41% 1.56%
Expected Life (in years)     6 months 6 months
Restricted Stock And Restricted Stock Units        
Stock Options/SARs, Employee Stock Purchase Plan (ESPP), Restricted Stock and Restricted Stock Units and Performance Units Disclosures [Line Items]        
Unrecognized compensation expense $ 133,000,000   $ 133,000,000  
Weighted average period over which unrecognized compensation expense will be recognized (in years)     1 year 3 months 18 days  
Share-Based Compensation Arrangement By Restricted Stock And Restricted Stock Units Compensation Cost $ 21,000,000 $ 24,000,000 $ 45,000,000 $ 49,000,000
Restricted Stock/Restricted Stock Units and Performance Units [Roll Forward]        
Outstanding at January 1 (in shares)     4,742,000 4,546,000
Granted (in shares)     45,000 67,000
Released (1) (in shares) [5]     (523,000) (304,000)
Forfeited (in shares)     (47,000) (36,000)
Outstanding at June 30 (3) [6] 4,217,000 4,273,000 4,217,000 4,273,000
Intrinsic value released during the year [5]     $ 38,000,000 $ 13,000,000
Aggregate intrinsic value of stock and units outstanding [6] $ 352,000,000 $ 217,000,000 $ 352,000,000 $ 217,000,000
Weighted Average Grant Price Restricted Stock and Restricted Stock Units [Roll Forward]        
Outstanding at January 1 (price per share)     $ 74.97 $ 90.16
Granted (price per share)     72.56 51.83
Released (2) (price per share) [5]     87.61 88.58
Forfeited (price per share)     70.24 90.61
Outstanding at June 30 (3) (price per share) [6] $ 73.43 $ 89.67 $ 73.43 $ 89.67
Performance Unit        
Stock Options/SARs, Employee Stock Purchase Plan (ESPP), Restricted Stock and Restricted Stock Units and Performance Units Disclosures [Line Items]        
Stock-Based Compensation Expenses $ 1,000,000 $ 1,000,000 $ 2,000,000 $ 2,000,000
Unrecognized compensation expense $ 6,000,000   $ 6,000,000  
Weighted average period over which unrecognized compensation expense will be recognized (in years)     1 year 8 months 12 days  
Restricted Stock/Restricted Stock Units and Performance Units [Roll Forward]        
Outstanding at January 1 (in shares)     613,000 598,000
Granted (in shares)     8,000 0
Granted for Performance Multiple (1) [7]     19,000 66,000
Released (1) (in shares) [8]     (98,000) (121,000)
Forfeited (in shares)     0 0
Outstanding at June 30 (3) [9] 542,000 [10] 543,000 542,000 [10] 543,000
Intrinsic value released during the year     $ 6,000,000 [8] $ 9,000,000
Aggregate intrinsic value of stock and units outstanding [9] $ 45,000,000 $ 28,000,000 $ 45,000,000 $ 28,000,000
Weighted Average Grant Price Restricted Stock and Restricted Stock Units [Roll Forward]        
Outstanding at January 1 (price per share)     $ 88.38 $ 103.91
Granted (price per share)     55.69 0
Granted for Performance Multiple (1) (in dollars per share) [7]     113.81 119.10
Released (2) (price per share) [8]     113.81 123.56
Forfeited (price per share)     0 0
Outstanding at June 30 (3) (price per share) [9] $ 84.23 $ 101.38 $ 84.23 $ 101.38
Performance Units and Performance Stock Disclosures [Abstract]        
Performance Period for Performance Units and Shares     3 years  
Minimum Performance Multiple at the Completion of the Performance Period     0.00%  
Maximum Performance Multiple at the Completion of the Performance Period     200.00%  
Performance Multiple Applied at the Completion Period [7]     125.00% 150.00%
Minimum Performance Units and Stock Allowed to be Outstanding [10]     76,785  
Maximum Performance Units Allowed to be Outstanding [10]     1,007,705  
Lease and Well        
Stock Options/SARs, Employee Stock Purchase Plan (ESPP), Restricted Stock and Restricted Stock Units and Performance Units Disclosures [Line Items]        
Stock-Based Compensation Expenses $ 11,000,000 $ 15,000,000 $ 25,000,000 $ 30,000,000
Gathering and Processing Costs        
Stock Options/SARs, Employee Stock Purchase Plan (ESPP), Restricted Stock and Restricted Stock Units and Performance Units Disclosures [Line Items]        
Stock-Based Compensation Expenses 1,000,000 1,000,000 1,000,000 1,000,000
Exploration Costs        
Stock Options/SARs, Employee Stock Purchase Plan (ESPP), Restricted Stock and Restricted Stock Units and Performance Units Disclosures [Line Items]        
Stock-Based Compensation Expenses 5,000,000 7,000,000 11,000,000 14,000,000
General and Administrative        
Stock Options/SARs, Employee Stock Purchase Plan (ESPP), Restricted Stock and Restricted Stock Units and Performance Units Disclosures [Line Items]        
Stock-Based Compensation Expenses $ 14,000,000 $ 17,000,000 $ 29,000,000 $ 35,000,000
[1] The total intrinsic value of stock options/SARs exercised during the six months ended June 30, 2021 and 2020 was $3.0 million and $0.4 million, respectively. The intrinsic value is based upon the difference between the market price of EOG's common stock on the date of exercise and the exercise price of the stock options/SARs.
[2] The total intrinsic value of stock options/SARs outstanding at June 30, 2021 and 2020 was $114 million and $0.1 million, respectively. At June 30, 2021 and 2020, the weighted average remaining contractual life was 3.8 years and 3.9 years, respectively.
[3] The total intrinsic value of stock options/SARs vested or expected to vest at June 30, 2021 and 2020 was $106 million and $0.1 million, respectively. At June 30, 2021 and 2020, the weighted average remaining contractual life was 3.8 years and 3.9 years, respectively.
[4] The total intrinsic value of stock options/SARs exercisable at June 30, 2021 and 2020 was $16 million and zero, respectively. At June 30, 2021 and 2020, the weighted average remaining contractual life was 2.7 years.
[5] The total intrinsic value of restricted stock and restricted stock units released during the six months ended June 30, 2021 and 2020 was $38 million and $13 million, respectively. The intrinsic value is based upon the closing price of EOG's common stock on the date the restricted stock and restricted stock units are released.
[6] The total intrinsic value of restricted stock and restricted stock units outstanding at June 30, 2021 and 2020 was $352 million and $217 million, respectively.
[7] Upon completion of the Performance Period for the performance units granted in 2017 and 2016, a performance multiple of 125% and 150%, respectively, was applied to each of the grants resulting in additional grants of performance units in February 2021 and February 2020, respectively.
[8] The total intrinsic value of performance units released during the six months ended June 30, 2021 and 2020 was $6 million and $9 million, respectively. The intrinsic value is based upon the closing price of EOG's common stock on the date the performance units are released.
[9] The total intrinsic value of performance units outstanding at June 30, 2021 and 2020 was approximately $45 million and $28 million, respectively.
[10] Upon the application of the relevant performance multiple at the completion of each of the remaining Performance Periods, a minimum of 76,785 and a maximum of 1,007,705 performance units could be outstanding.