Cover and table of contents

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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2021

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 1-9743

EOG RESOURCES, INC.

(Exact name of registrant as specified in its charter)

Delaware47-0684736
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

1111 Bagby, Sky Lobby 2, Houston, Texas 77002

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: 713-651-7000

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareEOGNew York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:

None.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐

Smaller reporting company ☐ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter. Common Stock aggregate market value held by non-affiliates as of June 30, 2021: $48,608 million.

Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date. Class: Common Stock, par value $0.01 per share, 585,419,164 shares outstanding as of February 11, 2022.

Documents incorporated by reference. Portions of the Definitive Proxy Statement for the registrant's 2022 Annual Meeting of Stockholders, to be filed within 120 days after December 31, 2021, are incorporated by reference into Part III of this report.

TABLE OF CONTENTS

Page
PART I
ITEM 1.Business1
General1
Exploration and Production1
Marketing3
Wellhead Volumes and Prices4
Human Capital Management6
Competition7
Regulation7
Other Matters11
Information About Our Executive Officers13
ITEM 1A.Risk Factors14
ITEM 1B.Unresolved Staff Comments27
ITEM 2.Properties27
Oil and Gas Exploration and Production - Properties and Reserves27
ITEM 3.Legal Proceedings30
ITEM 4.Mine Safety Disclosures31
PART II
ITEM 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities32
ITEM 6.Reserved34
ITEM 7.Management's Discussion and Analysis of Financial Condition and Results of Operations34
ITEM 7A.Quantitative and Qualitative Disclosures About Market Risk54
ITEM 8.Financial Statements and Supplementary Data54
ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure54
ITEM 9A.Controls and Procedures54
ITEM 9B.Other Information55
ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections55
PART III
ITEM 10.Directors, Executive Officers and Corporate Governance55
ITEM 11.Executive Compensation56
ITEM 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters56
ITEM 13.Certain Relationships and Related Transactions, and Director Independence57
ITEM 14.Principal Accounting Fees and Services57
PART IV
ITEM 15.Exhibits, Financial Statement Schedules58
ITEM 16.Form 10-K Summary58
SIGNATURES

(i)

PART I

Next: Item 1. Business