EOG Resources Inc. (EOG)
Analysis of Inventory
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).
EOG Resources Inc., balance sheet: inventory
US$ in thousands
|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.|