Analysis of Inventory
Inventory Disclosure
EOG Resources Inc., balance sheet: inventory
US$ in thousands
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventories | 767,297) | 859,359) | 483,865) | 350,017) | 598,935) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Inventory levels exhibited significant volatility over the five-year period from 2015 to 2019, characterized by an initial sharp decline followed by a period of substantial expansion and a subsequent moderate correction.
- Initial Contraction (2015-2016)
- A marked decrease in inventory is observed between December 31, 2015, and December 31, 2016, with values dropping from $598,935 thousand to $350,017 thousand. This represents a contraction of approximately 41.5%.
- Expansionary Phase (2016-2018)
- Following the 2016 low, inventory levels entered a period of rapid growth. By December 31, 2017, inventories rose to $483,865 thousand, followed by a significant surge to $859,359 thousand by December 31, 2018. This growth trajectory resulted in inventory reaching its peak for the observed period in 2018.
- Correction and Stabilization (2018-2019)
- A downward adjustment occurred in the final year, with inventories decreasing to $767,297 thousand as of December 31, 2019. Despite this decline, the ending balance remains approximately 28% higher than the initial 2015 level.
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