EOG Resources Inc. (EOG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1111 BAGBY, SKY LOBBY 2
HOUSTON, TX 77002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,2785,9725,2093,3292,0281,556
Cash and cash equivalents5,2785,9725,2093,3292,0281,556
Receivables2,7162,8712,3351,5222,0021,915
Inventory, net of allowances, customer advances and progress billings1,2751,058584629767859
Inventory1,2751,058584629767859
Derivative instruments and hedges, assets106  65124
Other current assets560574456294323275
Other undisclosed current assets    23152428
Total current assets:9,93510,4758,5845,8625,2735,057
Noncurrent Assets
Property, plant and equipment32,29729,42928,42628,59930,36528,076
Deferred income tax assets423311  
Other noncurrent assets1,5831,4341,2151,3421,484801
Deferred tax assets, net1
Other undisclosed noncurrent assets    22 
Total noncurrent assets:33,92230,89629,65229,94231,85128,877
TOTAL ASSETS:43,85741,37138,23635,80537,12533,934
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9032,9372,7601,8872,6842,455
Taxes payable518206255215
Accounts payable2,4372,5322,2421,6812,4292,240
Accrued liabilities466405    
Debt681,316377811,384913
Derivative instruments and hedges, liabilities  169269 20 
Asset retirement obligation373843503726
Other liabilities286346300280233234
Other undisclosed current liabilities780707633463129101
Total current liabilities:4,0745,5134,0423,4604,4873,728
Noncurrent Liabilities
Long-term debt and lease obligation3,7653,7955,0725,0354,1615,170
Long-term debt, excluding current maturities3,7653,7955,0725,0354,1615,170
Liabilities, other than long-term debt7,9287,2846,9423,3152,8635,672
Asset retirement obligations    1,1671,074 
Deferred tax liabilities, net4,413
Deferred income tax liabilities5,4024,7104,749  
Other liabilities2,5262,5742,1932,1481,7901,258
Other undisclosed noncurrent liabilities    3,6923,973 
Total noncurrent liabilities:11,69311,07912,01412,04310,99710,842
Total liabilities:15,76716,59216,05615,50315,48414,570
Equity
Equity, attributable to parent28,09024,77922,18020,30221,64119,364
Common stock206206206206206206
Treasury stock, value(907)(78)(20)(7)(27)(42)
Additional paid in capital6,1666,1876,0875,9455,8175,659
Accumulated other comprehensive loss(9)(8)(12)(12)(5)(1)
Retained earnings22,63418,47215,91914,17015,64913,543
Total equity:28,09024,77922,18020,30221,64119,364
TOTAL LIABILITIES AND EQUITY:43,85741,37138,23635,80537,12533,934

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues24,18625,70218,64211,03217,38017,275
Cost of revenue(13,560)(14,625)(11,499)(8,732)(12,601)(12,021)
Gross profit:10,62611,0777,1432,3004,7795,254
Operating expenses(1,023)(1,111)(1,041)(2,844)(1,080)(785)
Operating income (loss):9,6039,9666,102(544)3,6994,469
Nonoperating income47419912122612
Investment income, nonoperating240853122612
Other nonoperating income2341149   
Interest and debt expense(148)(179)(178)(205)(185)(245)
Income (loss) from continuing operations before equity method investments, income taxes:9,9299,9865,936(738)3,5404,236
Other undisclosed income (loss) from continuing operations before income taxes(240)(85)(3)(2)55
Income (loss) from continuing operations before income taxes:9,6899,9015,933(739)3,5454,241
Income tax expense (benefit)(2,095)(2,142)(1,269)134(810)(822)
Income (loss) from continuing operations:7,5947,7594,664(605)2,7353,419
Income (loss) before gain (loss) on sale of properties:4,664(605)2,7353,419
Net income (loss) available to common stockholders, diluted:7,5947,7594,664(605)2,7353,419

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):7,5947,7594,664(605)2,7353,419
Other comprehensive income (loss) (1)4 (8)(4)18
Comprehensive income (loss), net of tax, attributable to parent:7,5937,7634,664(612)2,7313,437

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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