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EOG Resources Inc. (EOG)

Analysis of Inventory

Advanced level

Accounting Policy on Inventory

Inventories, consisting primarily of tubular goods, materials for completion operations and well equipment held for use in the exploration for, and development and production of, crude oil and natural gas reserves, are carried at the lower of cost and net realizable value with adjustments made, as appropriate, to recognize any reductions in value.

Source: 10-K (filing date: 2019-02-26).

Inventory Disclosure

EOG Resources Inc., balance sheet: inventory

US$ in thousands

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Inventories hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-18).

Item Description The company
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. EOG Resources Inc.’s inventories increased from 2016 to 2017 and from 2017 to 2018.