Stock Analysis on Net
Stock Analysis on Net

EOG Resources Inc. (NYSE:EOG)

This company has been moved to the archive! The financial data has not been updated since February 27, 2020.

Analysis of Property, Plant and Equipment

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Property, Plant and Equipment Disclosure

EOG Resources Inc., balance sheet: property, plant and equipment

US$ in thousands

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Oil and gas properties (successful efforts method) 62,830,415 57,330,016 52,555,741 49,592,091 50,613,241
Other property, plant and equipment 4,472,246 4,220,665 3,960,759 4,008,564 3,986,610
Property, plant and equipment, gross 67,302,661 61,550,681 56,516,500 53,600,655 54,599,851
Accumulated depreciation, depletion and amortization (36,938,066) (33,475,162) (30,851,463) (27,893,577) (30,389,130)
Property, plant and equipment, net 30,364,595 28,075,519 25,665,037 25,707,078 24,210,721

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).

Item Description The company
Property, plant and equipment, gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. EOG Resources Inc. property, plant and equipment, gross increased from 2017 to 2018 and from 2018 to 2019.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. EOG Resources Inc. property, plant and equipment, net increased from 2017 to 2018 and from 2018 to 2019.

Asset Age Ratios (Summary)

EOG Resources Inc., asset age ratios

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Average age ratio 54.88% 54.39% 54.59% 52.04% 55.66%

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).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. EOG Resources Inc. average age ratio of depreciable property, plant and equipment improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Average Age

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Accumulated depreciation, depletion and amortization 36,938,066 33,475,162 30,851,463 27,893,577 30,389,130
Property, plant and equipment, gross 67,302,661 61,550,681 56,516,500 53,600,655 54,599,851
Asset Age Ratio
Average age1 54.88% 54.39% 54.59% 52.04% 55.66%

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).

2019 Calculations

1 Average age = 100 × Accumulated depreciation, depletion and amortization ÷ Property, plant and equipment, gross
= 100 × 36,938,066 ÷ 67,302,661 = 54.88%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. EOG Resources Inc. average age ratio of depreciable property, plant and equipment improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.