Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Stock-based compensation expense is included on the Consolidated Statements of Income and Comprehensive Income based upon the job functions of the employees receiving the grants. Compensation expense related to EOG's stock-based compensation plans for the years ended December 31, 2025, 2024 and 2023 was as follows (in millions):


	2025		2024		2023

Lease and Well	$	76	$	68	$	54
Gathering, Processing and Transportation Costs	6		6		4
Exploration Costs	28		27		24
General and Administrative	106		98		95
Total	$	216	$	199	$	177

Schedule of Vesting

The vesting schedules for grants of stock options, SARs, restricted stock and restricted stock units, and Performance Units are generally as follows:


Grant Type						Vesting Schedule
Stock Options/SARs						Vesting in increments of one-third on each of the first three anniversaries, respectively, of the date of grant

Restricted Stock/Restricted Stock Units						"Cliff" vesting three years from the date of grant

Performance Units						"Cliff" vesting on the February 28th following the three-year performance period and the Compensation and Human Resources Committee's certification of the applicable performance multiple

Schedule of Restricted Stock and Restricted Stock Unit Transactions

The following table sets forth the restricted stock and restricted stock unit transactions for the years ended December 31, 2025, 2024 and 2023 (shares and units in thousands):


	2025			2024			2023
	Number of Shares and Units	Weighted Average Grant Date Fair Value		Number of Shares and Units	Weighted Average Grant Date Fair Value		Number of Shares and Units	Weighted Average Grant Date Fair Value

Outstanding at January 1	4,699	$	122.64	4,364	$	111.24	4,113	$	80.77
Granted	2,155	117.29		1,871	122.45		1,680	131.10
Released (1)	(1,394)	113.93		(1,343)	86.27		(1,295)	42.03
Forfeited	(179)	123.21		(193)	116.18		(134)	93.54
Outstanding at December 31 (2)	5,281	122.73		4,699	122.64		4,364	111.24

(1)

(1)The total intrinsic value of restricted stock and restricted stock units released during the years ended December 31, 2025, 2024 and 2023 was $159 million, $166 million and $166 million, respectively. The intrinsic value is based upon the closing price of EOG's common stock on the date restricted stock and restricted stock units are released.

(2)

(2)The total intrinsic value of restricted stock and restricted stock units outstanding at December 31, 2025, 2024 and 2023 was $555 million, $576 million and $528 million, respectively. The intrinsic value is based on the closing market price of the Common Stock on the last trading day of the year.

Schedule of Weighted Average Fair Values and Valuation Assumptions for Performance Units/Stocks

Weighted average fair values and valuation assumptions used to value Performance Units during the years ended December 31, 2025, 2024 and 2023 were as follows:


	2025			2024			2023

Weighted Average Fair Value of Grants	$	122.70		$	130.31		$	142.20
Expected Volatility	30.93		%	35.20		%	44.76		%
Risk-Free Interest Rate	3.62		%	3.46		%	4.53		%

Schedule of Performance Unit and Performance Stock Transactions

The following table sets forth the Performance Unit transactions for the years ended December 31, 2025, 2024 and 2023 (units in thousands):


	2025				2024			2023
	Number of Units		Weighted Average Grant Date Fair Value		Number of Units	Weighted Average Grant Date Fair Value		Number of Units	Weighted Average Grant Date Fair Value

Outstanding at January 1	559		$	119.05	630	$	95.49	688	$	83.82
Granted	148		122.70		109	130.31		114	142.20
Granted for Performance Multiple (1)	53		96.61		—	—		—	—
Released (2)	(267)		96.61		(45)	43.33		(86)	79.98
Forfeited for Performance Multiple (3)	—		—		(135)	43.33		(86)	79.98
Outstanding at December 31 (4)	493	(5)	129.87		559	119.05		630	95.49

(1)Upon completion of the Performance Period for the Performance Units granted in 2021, a performance multiple of 125% was applied to each of the grants resulting in additional grants of Performance Units in February 2025.

(2)The total intrinsic value of Performance Units released during the years ended December 31, 2025, 2024 and 2023 was $34 million, $5 million and $10 million, respectively. The intrinsic value is based upon the closing price of the Common Stock on the date the Performance Units are released.

(3)Upon completion of the Performance Period for the Performance Units granted in 2020 and 2019, a performance multiple of 25% and 50%, respectively, was applied to each of the grants resulting in a forfeiture of Performance Units in February 2024 and February 2023.

(4)The total intrinsic value of Performance Units outstanding at December 31, 2025, 2024 and 2023 was $52 million, $69 million and $76 million, respectively.

(5)Upon the application of the relevant performance multiple at the completion of each of the remaining Performance Periods, a minimum of zero and a maximum of 986 Performance Units could be outstanding.

EOG RESOURCES INC 10-K