$EOG

EOG RESOURCES INC

CIK:0000821189|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating Revenues and Other
Gains (Losses) on Asset Dispositions, Net	$ 58	$ 0	$ 89	$ (1)
Total	8,620	5,478	15,541	11,147
Operating Expenses
Lease and Well	467	396	929	797
Gathering, Processing and Transportation Costs	676	455	1,330	895
Exploration Costs	47	74	92	115
Dry Hole Costs	30	11	53	45
Impairments	19	39	58	83
Marketing Costs	1,950	1,216	3,334	2,541
Depreciation, Depletion and Amortization	1,259	1,053	2,452	2,066
General and Administrative	213	186	398	357
Taxes Other Than Income	431	301	769	642
Total	5,092	3,731	9,415	7,541
Operating Income	3,528	1,747	6,126	3,606
Other Income, Net	38	55	61	120
Income Before Interest Expense and Income Taxes	3,566	1,802	6,187	3,726
Interest Expense, Net	67	51	133	98
Income Before Income Taxes	3,499	1,751	6,054	3,628
Income Tax Provision	775	406	1,350	820
Net Income	$ 2,724	$ 1,345	$ 4,704	$ 2,808
Net Income Per Share
Basic (in USD per share)	$ 5.18	$ 2.48	$ 8.89	$ 5.13
Diluted (in USD per share)	$ 5.15	$ 2.46	$ 8.84	$ 5.11
Average Number of Common Shares
Basic (in shares)	526	543	529	547
Diluted (in shares)	529	546	532	549
Comprehensive Income
Net Income	$ 2,724	$ 1,345	$ 4,704	$ 2,808
Other Comprehensive Income (Loss)
Foreign Currency Translation Adjustments	1	(3)	2	(3)
Other Comprehensive Income (Loss)	1	(3)	2	(3)
Comprehensive Income	2,725	1,342	4,706	2,805
Crude Oil and Condensate
Operating Revenues and Other
Revenue from contract with customer	4,901	2,974	8,478	6,267
Natural Gas Liquids
Operating Revenues and Other
Revenue from contract with customer	770	534	1,434	1,106
Natural Gas
Operating Revenues and Other
Revenue from contract with customer	812	600	1,833	1,237
Gains (Losses) on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net
Operating Revenues and Other
Revenue not from contract with customer	40	107	153	(84)
Gathering, Processing and Marketing
Operating Revenues and Other
Revenue from contract with customer	2,011	1,247	3,507	2,587
Other, Net
Operating Revenues and Other
Revenue not from contract with customer	$ 28	$ 16	$ 47	$ 35

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities
Net Income	$ 4,704	$ 2,808
Items Not Requiring (Providing) Cash
Depreciation, Depletion and Amortization	2,452	2,066
Impairments	58	83
Stock-Based Compensation Expenses	118	103
Deferred Income Taxes	364	149
(Gains) Losses on Asset Dispositions, Net	(89)	1
Other, Net	17	22
Dry Hole Costs	53	45
Mark-to-Market Financial Commodity and Other Derivative Contracts
(Gains) Losses, Net	(153)	84
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts	(8)	(62)
Other, Net	(1)	0
Changes in Components of Working Capital and Other Assets and Liabilities
Accounts Receivable	(847)	170
Inventories	47	31
Accounts Payable	455	(236)
Accrued Taxes Payable	398	(660)
Other Assets	102	(86)
Other Liabilities	(86)	(148)
Changes in Components of Working Capital Associated with Investing Activities	51	(49)
Net Cash Provided by Operating Activities	7,635	4,321
Investing Cash Flows
Additions to Oil and Gas Properties	(3,129)	(3,080)
Additions to Other Property, Plant and Equipment	(297)	(196)
Proceeds from Sales of Assets	151	16
Changes in Components of Working Capital Associated with Investing Activities	(51)	49
Net Cash Used in Investing Activities	(3,326)	(3,211)
Financing Cash Flows
Long-Term Debt Repayments	0	(500)
Dividends Paid	(1,084)	(1,066)
Treasury Stock Purchased	(1,717)	(1,408)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan	16	11
Debt Issuance and Other Financing Costs	0	(7)
Repayment of Finance Lease Liabilities	(13)	(17)
Net Cash Used in Financing Activities	(2,798)	(2,987)
Effect of Exchange Rate Changes on Cash	0	1
Increase (Decrease) in Cash and Cash Equivalents	1,511	(1,876)
Cash and Cash Equivalents at Beginning of Period	3,396	7,092
Cash and Cash Equivalents at End of Period	$ 4,907	$ 5,216

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and Cash Equivalents	$ 4,907	$ 3,396
Accounts Receivable, Net	3,529	2,681
Inventories	930	1,014
Other	511	565
Total	9,877	7,656
Property, Plant and Equipment
Oil and Gas Properties (Successful Efforts Method)	92,454	89,857
Other Property, Plant and Equipment	7,064	6,832
Total Property, Plant and Equipment	99,518	96,689
Less: Accumulated Depreciation, Depletion and Amortization	(56,278)	(54,348)
Total Property, Plant and Equipment, Net	43,240	42,341
Deferred Income Taxes	35	39
Other Assets	1,631	1,763
Total Assets	54,783	51,799
Current Liabilities
Accounts Payable	3,374	2,904
Accrued Taxes Payable	697	299
Dividends Payable	531	544
Current Portion of Long-Term Debt	27	27
Current Portion of Operating Lease Liabilities	324	472
Other	382	445
Total	5,335	4,691
Long-Term Debt	7,899	7,909
Other Liabilities	2,468	2,512
Deferred Income Taxes	7,217	6,854
Commitments and Contingencies (Note 5)
Stockholders' Equity
Common Stock, $0.01 Par, 1,280,000,000 Shares Authorized and 589,044,385 Shares Issued at both June 30, 2026 and December 31, 2025	206	206
Additional Paid in Capital	6,072	6,027
Accumulated Other Comprehensive Loss	(5)	(7)
Retained Earnings	33,390	29,765
Common Stock Held in Treasury, 63,546,362 Shares at June 30, 2026 and 51,374,169 Shares at December 31, 2025	(7,799)	(6,158)
Total Stockholders' Equity	31,864	29,833
Total Liabilities and Stockholders' Equity	$ 54,783	$ 51,799