Other, Net of Tax

      
  
PART I.  FINANCIAL INFORMATIONITEM 1.  FINANCIAL STATEMENTSEOG RESOURCES, INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME(In Millions, Except Per Share Data)(Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months EndedSeptember 30, |  | Nine Months EndedSeptember 30, |
|  | 2022 |  | 2021 |  | 2022 |  | 2021 |
| Operating Revenues and Other |  |  |  |  |  |  |  |
| Crude Oil and Condensate | $ | 4,109  |  |  | $ | 2,929  |  |  | $ | 12,697  |  |  | $ | 7,879  |  |
| Natural Gas Liquids | 693  |  |  | 548  |  |  | 2,151  |  |  | 1,229  |  |
| Natural Gas | 1,235  |  |  | 568  |  |  | 2,951  |  |  | 1,597  |  |
| Losses on Mark-to-Market Financial Commodity Derivative Contracts | (18) |  |  | (494) |  |  | (4,215) |  |  | (1,288) |  |
| Gathering, Processing and Marketing | 1,561  |  |  | 1,186  |  |  | 5,199  |  |  | 3,056  |  |
| Gains (Losses) on Asset Dispositions, Net | (21) |  |  | 1  |  |  | 101  |  |  | 46  |  |
| Other, Net | 34  |  |  | 27  |  |  | 99  |  |  | 79  |  |
| Total | 7,593  |  |  | 4,765  |  |  | 18,983  |  |  | 12,598  |  |
| Operating Expenses |   |  |   |  |   |  |   |
| Lease and Well | 335  |  |  | 270  |  |  | 977  |  |  | 810  |  |
| Transportation Costs | 257  |  |  | 219  |  |  | 729  |  |  | 635  |  |
| Gathering and Processing Costs | 167  |  |  | 145  |  |  | 463  |  |  | 412  |  |
| Exploration Costs | 35  |  |  | 44  |  |  | 115  |  |  | 112  |  |
| Dry Hole Costs | 18  |  |  | 4  |  |  | 41  |  |  | 28  |  |
| Impairments | 94  |  |  | 82  |  |  | 240  |  |  | 170  |  |
| Marketing Costs | 1,621  |  |  | 1,184  |  |  | 5,031  |  |  | 3,013  |  |
| Depreciation, Depletion and Amortization | 906  |  |  | 927  |  |  | 2,664  |  |  | 2,741  |  |
| General and Administrative | 162  |  |  | 142  |  |  | 414  |  |  | 372  |  |
| Taxes Other Than Income | 334  |  |  | 277  |  |  | 1,196  |  |  | 731  |  |
| Total | 3,929  |  |  | 3,294  |  |  | 11,870  |  |  | 9,024  |  |
| Operating Income | 3,664  |  |  | 1,471  |  |  | 7,113  |  |  | 3,574  |  |
| Other Income, Net | 40  |  |  | 6  |  |  | 66  |  |  | —  |  |
| Income Before Interest Expense and Income Taxes | 3,704  |  |  | 1,477  |  |  | 7,179  |  |  | 3,574  |  |
| Interest Expense, Net | 41  |  |  | 48  |  |  | 137  |  |  | 140 |
| Income Before Income Taxes | 3,663  |  |  | 1,429  |  |  | 7,042  |  |  | 3,434  |  |
| Income Tax Provision | 809  |  |  | 334  |  |  | 1,560  |  |  | 755  |  |
| Net Income | $ | 2,854  |  |  | $ | 1,095  |  |  | $ | 5,482  |  |  | $ | 2,679  |  |
| Net Income Per Share |   |  |   |  |   |  |   |
| Basic | $ | 4.90  |  |  | $ | 1.88  |  |  | $ | 9.40  |  |  | $ | 4.62  |  |
| Diluted | $ | 4.86  |  |  | $ | 1.88  |  |  | $ | 9.34  |  |  | $ | 4.59  |  |
| Average Number of Common Shares |   |  |   |  |   |  |   |
| Basic | 583  |  |  | 581  |  |  | 583  |  |  | 580  |  |
| Diluted | 587  |  |  | 584  |  |  | 587  |  |  | 584  |  |
| Comprehensive Income |   |  |   |  |   |  |   |
| Net Income | $ | 2,854  |  |  | $ | 1,095  |  |  | $ | 5,482  |  |  | $ | 2,679  |  |
| Other Comprehensive Income (Loss) |   |  |   |  |   |  |   |
| Foreign Currency Translation Adjustments | 5  |  |  | 2  |  |  | 6  |  |  | (1) |  |
| Other, Net of Tax | 1  |  |  | —  |  |  | —  |  |  | —  |  |
| Other Comprehensive Income (Loss) | 6  |  |  | 2  |  |  | 6  |  |  | (1) |  |
| Comprehensive Income | $ | 2,860  |  |  | $ | 1,097  |  |  | $ | 5,488  |  |  | $ | 2,678  |  |

  
  
The accompanying notes are an integral part of these condensed consolidated financial statements.-3-
