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Inventory Accounting Policy

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: EOG Resources Inc., Annual Report


Inventory Disclosure

EOG Resources Inc., Statement of Financial Position, Inventory

USD $ in thousands

Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013

Source: Based on data from EOG Resources Inc. Annual Reports

Item Description The company
Inventories Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). EOG Resources Inc.'s inventories declined from 2015 to 2016 but then increased from 2016 to 2017 not reaching 2015 level.