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Business Segment Information (Notes)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Business Segment Information Business Segment InformationEOG's operations are all crude oil, NGLs and natural gas exploration and production-related. The Segment Reporting Topic of the ASC establishes standards for reporting information about operating segments in annual financial statements.  Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance.  EOG's chief operating decision-making process is informal and involves the Chief Executive Officer and other key officers.  This group routinely reviews and makes operating decisions related to significant issues associated with each of EOG's major producing areas (including in the United States and in Trinidad) and its exploration programs both inside and outside the United States.  For segment reporting purposes, the chief operating decision makers consider the major United States producing areas to be one operating segment.
Financial information by reportable segment is presented below as of and for the years ended December 31, 2021, 2020 and 2019 (in millions):
United
States
Trinidad
Other
International (1)
Total
2021
Crude Oil and Condensate$11,094 $31 $— $11,125 
Natural Gas Liquids1,812 — — 1,812 
Natural Gas2,156 270 18 2,444 
Losses on Mark-to-Market Commodity Derivative Contracts(1,152)— — (1,152)
Gathering, Processing and Marketing4,287 — 4,288 
Gains (Losses) on Asset Dispositions, Net(40)(2)59 17 
Other, Net108 — — 108 
Operating Revenues and Other (2)
18,265 300 77 18,642 
Depreciation, Depletion and Amortization3,558 87 3,651 
Operating Income (Loss) (3)
6,013 151 (62)6,102 
Interest Income— — 
Other Income (Expense)(14)12 
Net Interest Expense178 — — 178 
Income (Loss) Before Income Taxes5,824 159 (50)5,933 
Income Tax Provision (Benefit)1,247 66 (44)1,269 
Additions to Oil and Gas Properties, Excluding Dry Hole Costs
3,557 55 3,617 
Total Property, Plant and Equipment, Net28,213 204 28,426 
Total Assets37,436 637 163 38,236 
2020
Crude Oil and Condensate$5,774 $11 $$5,786 
Natural Gas Liquids668 — — 668 
Natural Gas614 169 54 837 
Gains on Mark-to-Market Commodity Derivative Contracts1,145 — — 1,145 
Gathering, Processing and Marketing2,581 — 2,583 
Losses on Asset Dispositions, Net(47)— — (47)
Other, Net60 — — 60 
Operating Revenues and Other (4)
10,795 182 55 11,032 
Depreciation, Depletion and Amortization3,324 60 16 3,400 
Operating Income (Loss) (5)
(546)75 (73)(544)
Interest Income11 — 12 
Other Expense— (2)— (2)
Net Interest Expense205 — — 205 
Income (Loss) Before Income Taxes(740)74 (73)(739)
Income Tax Provision (Benefit)(157)15 (134)
Additions to Oil and Gas Properties, Excluding Dry Hole Costs
3,318 83 42 3,443 
Total Property, Plant and Equipment, Net28,284 210 105 28,599 
Total Assets35,048 546 211 35,805 
United
States
Trinidad
Other
International (1)
Total
2019    
Crude Oil and Condensate$9,599 $11 $$9,613 
Natural Gas Liquids785 — — 785 
Natural Gas867 259 58 1,184 
Gains on Mark-to-Market Commodity Derivative Contracts180 — — 180 
Gathering, Processing and Marketing5,355 — 5,360 
Gains (Losses) on Asset Dispositions, Net132 (4)(4)124 
Other, Net134 — — 134 
Operating Revenues and Other (6)
17,052 271 57 17,380 
Depreciation, Depletion and Amortization3,652 80 18 3,750 
Operating Income (Loss)3,619 113 (33)3,699 
Interest Income22 — 26 
Other Income
Net Interest Expense (Income)192 — (7)185 
Income (Loss) Before Income Taxes3,452 118 (25)3,545 
Income Tax Provision761 41 810 
Additions to Oil and Gas Properties, Excluding Dry Hole Costs6,209 53 12 6,274 
Total Property, Plant and Equipment, Net30,102 184 78 30,364 
Total Assets 36,275 706 144 37,125 
(1)Other International primarily consists of EOG's China and Canada operations. The China operations were sold in the second quarter of 2021. EOG began exploration programs in Australia in the third quarter of 2021 and in Oman in the third quarter of 2020. The decision was reached in the fourth quarter of 2021 to exit Block 36 and Block 49 in Oman.
(2)EOG had sales activity with two significant purchasers in 2021, one totaling $2.7 billion and the other totaling $2.6 billion of consolidated Operating Revenues and Other in the United States segment.
(3)EOG recorded pretax impairment charges of $45 million and dry hole costs of $42 million in 2021 in the Other International segment related to its decision in the fourth quarter of 2021 to exit Block 36 and Block 49 in Oman. In addition, EOG recorded net gains of asset dispositions of $58 million in 2021 in the Other International segment during the second quarter of 2021 due to the sale of its China operations. See Notes 14 and 17, respectively.
(4)EOG had sales activity with three significant purchasers in 2020, each totaling $1.1 billion of consolidated Operating Revenues and Other in the United States segment.
(5)EOG recorded pretax impairment charges of $1,570 million in 2020 for proved oil and gas properties, leasehold costs and other assets due to the decline in commodity prices and revisions of asset retirement obligations for certain properties in the United States segment. In addition, EOG recorded pretax impairment charges of $228 million in 2020 for owned and leased sand and crude-by-rail assets, also in the United States segment. EOG recorded pretax impairment charges of $81 million in 2020 for proved oil and gas properties and firm commitment contracts related to its decision to exit the Horn River Basin in British Columbia, Canada, in the Other International segment. See Notes 13 and 14.
(6)EOG had sales activity with two significant purchasers in 2019, one totaling $2.4 billion and the other totaling $2.2 billion of consolidated Operating Revenues and Other in the United States segment.