EOG Resources Q1 2024 Update
Ticker: EOG · Form: 10-Q · Filed: 2024-05-02T00:00:00.000Z
Sentiment: neutral
Topics: oil-and-gas, earnings, derivatives, operations
TL;DR
**EOG Resources Q1 2024: Oil, gas, and derivatives data released. Check financials.**
AI Summary
EOG Resources Inc. reported its first quarter 2024 results, ending March 31, 2024. The company's financial performance and operational data for oil and condensate, natural gas liquids reserves, and natural gas production were detailed. The filing also included information on gains and losses from mark-to-market commodity and other derivative contracts, as well as natural gas gathering, transportation, marketing, and processing activities.
Why It Matters
This filing provides insight into EOG Resources' operational and financial performance in the energy sector for the first quarter of 2024, impacting investors and market analysts.
Risk Assessment
Risk Level: medium — The energy sector is subject to volatile commodity prices and regulatory changes, which can significantly impact EOG Resources' financial performance.
Key Numbers
- Q1 2024 — Reporting Period (First quarter of 2024)
- 2024-03-31 — Period End Date (End of the first quarter of 2024)
- 2024-05-02 — Filing Date (Date the 10-Q was filed with the SEC)
Key Players & Entities
- EOG RESOURCES INC (company) — Filer
- 20240331 (date) — Reporting Period End Date
- 20240502 (date) — Filing Date
- 7136517000 (dollar_amount) — Business Phone Number
FAQ
What were the key financial and operational metrics reported by EOG Resources for the first quarter of 2024?
The filing details data for oil and condensate, natural gas liquids reserves, and natural gas production for the period of January 1, 2024, to March 31, 2024, and compares it to the same period in 2023.
What specific types of derivative contract impacts are mentioned in the filing?
The filing mentions gains and losses on mark-to-market commodity and other derivative contracts for the periods January 1, 2024, to March 31, 2024, and January 1, 2023, to March 31, 2023.
What information is provided regarding natural gas services?
The filing includes data on natural gas gathering, transportation, marketing, and processing for the periods January 1, 2024, to March 31, 2024, and January 1, 2023, to March 31, 2023.
What is EOG Resources' primary industry classification?
EOG Resources Inc. is classified under Crude Petroleum & Natural Gas [1311].
When was EOG Resources Inc. formerly known as?
EOG Resources Inc. was formerly known as ENRON OIL & GAS CO, with a date of name change on July 3, 1992.
From the Filing
0000821189-24-000021.txt : 20240502 0000821189-24-000021.hdr.sgml : 20240502 20240502164056 ACCESSION NUMBER: 0000821189-24-000021 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 71 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240502 DATE AS OF CHANGE: 20240502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EOG RESOURCES INC CENTRAL INDEX KEY: 0000821189 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 470684736 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-09743 FILM NUMBER: 24909188 BUSINESS ADDRESS: STREET 1: 1111 BAGBY, SKY LOBBY 2 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7136517000 MAIL ADDRESS: STREET 1: 1111 BAGBY, SKY LOBBY 2 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: ENRON OIL & GAS CO DATE OF NAME CHANGE: 19920703 10-Q 1 eog-20240331.htm 10-Q eog-20240331 0000821189 December 31 2024 Q1 FALSE 0000821189 2024-01-01 2024-03-31 0000821189 2024-04-25 xbrli:shares 0000821189 us-gaap:OilAndCondensateMember 2024-01-01 2024-03-31 iso4217:USD 0000821189 us-gaap:OilAndCondensateMember 2023-01-01 2023-03-31 0000821189 srt:NaturalGasLiquidsReservesMember 2024-01-01 2024-03-31 0000821189 srt:NaturalGasLiquidsReservesMember 2023-01-01 2023-03-31 0000821189 us-gaap:NaturalGasProductionMember 2024-01-01 2024-03-31 0000821189 us-gaap:NaturalGasProductionMember 2023-01-01 2023-03-31 0000821189 eog:GainsLossesOnMarkToMarketCommodityAndOtherDerivativeContractsMember 2024-01-01 2024-03-31 0000821189 eog:GainsLossesOnMarkToMarketCommodityAndOtherDerivativeContractsMember 2023-01-01 2023-03-31 0000821189 us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember 2024-01-01 2024-03-31 0000821189 us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember 2023-01-01 2023-03-31 0000821189 2023-01-01 2023-03-31 0000821189 eog:OtherNetMember 2024-01-01 2024-03-31 0000821189 eog:OtherNetMember 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0000821189 2024-03-31 0000821189 2023-12-31 0000821189 us-gaap:CommonStockMember 2023-12-31 0000821189 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000821189 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000821189 us-gaap:RetainedEarningsMember 2023-12-31 0000821189 us-gaap:TreasuryStockCommonMember 2023-12-31 0000821189 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000821189 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000821189 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000821189 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000821189 us-gaap:CommonStockMember 2024-03-31 0000821189 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000821189 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000821189 us-gaap:RetainedEarningsMember 2024-03-31 0000821189 us-gaap:TreasuryStockCommonMember 2024-03-31 0000821189 us-gaap:CommonStockMember 2022-12-31 0000821189 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000821189 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000821189 us-gaap:RetainedEarningsMember 2022-12-31 0000821189 us-gaap:TreasuryStockCommonMember 2022-12-31 0000821189 2022-12-31 0000821189 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0000821189 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0000821189 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0000821189 us-gaap:CommonStockMember 2023-03-31 0000821189 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0000821189 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000821189 us-gaap:RetainedEarningsMember 2023-03-31 0000821189 us-gaap:TreasuryStockCommonMember 2023-03-31 0000821189 2023-03-31 0000821189 eog:LeaseAndWellMember 2024-01-01 2024-03-31 0000821189 eog:LeaseAndWellMember 2023-01-01 2023-03-31 0000821189 eog:GatheringProcessingAndTransportationCostsMember 2024-01-