Asset Retirement Obligations

9 Months Ended

Sep. 30, 2023

Asset Retirement Obligation [Abstract]

The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of short-term and long-term legal obligations associated with the retirement of property, plant and equipment for the nine-month periods ended September 30, 2023 and 2022 (in millions):


	Nine Months Ended September 30,
	2023		2022
Carrying Amount at January 1	$	1,328	$	1,231
Liabilities Incurred	49		83
Liabilities Settled (1)	(80)		(178)
Accretion	37		32
Revisions	166		102
Foreign Currency Translation	—		(5)
Carrying Amount at September 30	$	1,500	$	1,265

Current Portion	$	42	$	38
Noncurrent Portion	$	1,458	$	1,227

(1)Includes settlements related to asset sales.

The current and noncurrent portions of EOG's asset retirement obligations are included in Current Liabilities - Other and Other Liabilities, respectively, on the Condensed Consolidated Balance Sheets.