Paying users zone. Data is covered by .

  • Get to EOG Resources Inc. for $15.99, or

  • get to whole website for at least 3 months from $49.99.



Revenue Recognition Accounting Policy

Arrangements for sales of crude oil and condensate, natural gas liquids (NGLs) and natural gas are evidenced by signed contracts with determinable market prices, and revenues are recorded when production is delivered. A significant majority of these products are sold to purchasers who have investment-grade credit ratings and material credit losses have been rare. Revenues are recorded on the entitlement method based on EOG's percentage ownership of current production. Each working interest owner in a well generally has the right to a specific percentage of production, although actual production sold on that owner's behalf may differ from that owner's ownership percentage. Under entitlement accounting, a receivable is recorded when underproduction occurs and a payable is recorded when overproduction occurs. Gathering, processing and marketing revenues represent sales of third-party crude oil and condensate, NGLs and natural gas, as well as gathering fees associated with gathering third-party natural gas and revenues from sales of EOG-owned sand.

Source: EOG Resources Inc., Annual Report


Revenues as Reported

EOG Resources Inc., Income Statement, Revenues

USD $ in thousands

12 months ended Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012
United States
Other International
Net operating revenues

Source: EOG Resources Inc. Annual Reports

Item Description The company
Net operating revenues Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. EOG Resources Inc.'s net operating revenues declined from 2014 to 2015 and from 2015 to 2016.