Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Selected Financial Information by Reportable Segment

Financial information by reportable segment is presented below as of and for the years ended December 31, 2022, 2021 and 2020 (in millions):


	United States		Trinidad		Other International (1)		Total
2022
Crude Oil and Condensate	$	16,349	$	18	$	—	$	16,367
Natural Gas Liquids	2,648		—		—		2,648
Natural Gas	3,489		292		—		3,781
Losses on Mark-to-Market Financial Commodity Derivative Contracts, Net	(3,982)		—		—		(3,982)
Gathering, Processing and Marketing	6,695		1		—		6,696
Gains (Losses) on Asset Dispositions, Net	77		(4)		1		74
Other, Net	118		—		—		118
Operating Revenues and Other (2)	25,394		307		1		25,702
Depreciation, Depletion and Amortization	3,469		73		—		3,542
Operating Income (Loss) (3)	9,880		122		(36)		9,966
Interest Income	81		2		2		85
Other Income (Expense)	(17)		46		—		29
Net Interest Expense	179		—		—		179
Income (Loss) Before Income Taxes	9,765		170		(34)		9,901
Income Tax Provision	2,106		35		1		2,142
Additions to Oil and Gas Properties, Excluding Dry Hole Costs	4,599		122		6		4,727
Total Property, Plant and Equipment, Net	29,109		307		13		29,429
Total Assets	40,349		879		143		41,371


2021
Crude Oil and Condensate	$	11,094	$	31	$	—	$	11,125
Natural Gas Liquids	1,812		—		—		1,812
Natural Gas	2,156		270		18		2,444
Losses on Mark-to-Market Financial Commodity Derivative Contracts, Net	(1,152)		—		—		(1,152)
Gathering, Processing and Marketing	4,287		1		—		4,288
Gains (Losses) on Asset Dispositions, Net	(40)		(2)		59		17
Other, Net	108		—		—		108
Operating Revenues and Other (4)	18,265		300		77		18,642
Depreciation, Depletion and Amortization	3,558		87		6		3,651
Operating Income (Loss) (5)	6,013		151		(62)		6,102
Interest Income	3		—		—		3
Other Income (Expense)	(14)		8		12		6
Net Interest Expense	178		—		—		178
Income (Loss) Before Income Taxes	5,824		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		5		3,617
Total Property, Plant and Equipment, Net	28,213		204		9		28,426
Total Assets	37,436		637		163		38,236


	United States		Trinidad		Other International (1)		Total
2020
Crude Oil and Condensate	$	5,774	$	11	$	1	$	5,786
Natural Gas Liquids	668		—		—		668
Natural Gas	614		169		54		837
Gains on Mark-to-Market Financial Commodity Derivative Contracts, Net	1,145		—		—		1,145
Gathering, Processing and Marketing	2,581		2		—		2,583
Losses on Asset Dispositions, Net	(47)		—		—		(47)
Other, Net	60		—		—		60
Operating Revenues and Other (6)	10,795		182		55		11,032
Depreciation, Depletion and Amortization	3,324		60		16		3,400
Operating Income (Loss) (7)	(546)		75		(73)		(544)
Interest Income	11		1		—		12
Other Expense	—		(2)		—		(2)
Net Interest Expense	205		—		—		205
Income (Loss) Before Income Taxes	(740)		74		(73)		(739)
Income Tax Provision (Benefit)	(157)		15		8		(134)

(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 three significant purchasers in 2022, one totaling $3.3 billion, another totaling $3.1 billion and a third totaling $3.0 billion of consolidated Operating Revenues and Other in the United States segment.

(3)EOG recorded pretax impairment charges of $15 million in 2022 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 Note 14.

(4)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.

(5)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.

(6)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.

(7)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.