---
ticker: EOG
company: EOG Resources Inc.
filing_type: 10-K
year_current: 2024
year_prior: 2023
risks_added: 0
risks_removed: 0
risks_modified: 1
risks_unchanged: 4
source: SEC EDGAR
url: https://riskdiff.com/eog/2024-vs-2023/
markdown_url: https://riskdiff.com/eog/2024-vs-2023/index.md
generated: 2026-05-10
---

# EOG Resources Inc.: 10-K Risk Factor Changes 2024 vs 2023

> Source: U.S. Securities and Exchange Commission (EDGAR)  
> Generated: 2026-05-10  
> All data extracted directly from official filings. No hallucinated content.

> **[AI-Generated Summary]** The paragraph below was produced by a language
> model and may contain errors. All other content on this page is deterministically
> extracted from the original SEC filing.

> EOG Resources Inc. made one substantive modification to its risk factor disclosures between 2023 and 2024, specifically updating "Risks Related to Our International Operations" to reflect evolving conditions in its global portfolio. The company maintained four unchanged risk factors while introducing no new risks and discontinuing none, indicating a relatively stable risk profile with targeted updates to international exposure considerations. This conservative approach to risk disclosure revisions suggests EOG's primary focus was refining existing international risk characterizations rather than fundamentally altering its risk management narrative.

---

## Summary

| Status | Count |
|--------|-------|
| New risks added | 0 |
| Risks removed | 0 |
| Risks modified | 1 |
| Unchanged | 4 |

---

## Modified: Risks Related to Our International Operations

**Key changes:**

- Reworded sentence: "We operate in other countries and, as a result, are subject to certain political, economic, competitive and other risks."
- Reworded sentence: "These risks include, among other risks: •increases in taxes and governmental royalties; 25 25 25 25 25 25 •additional and potentially unfamiliar laws and policies governing the operations of foreign-based companies and changes in such laws and policies; •loss of revenue, loss of or damage to equipment, property and other assets and interruption of operations as a result of expropriation, nationalization, acts of terrorism, war, civil unrest and other political risks; •unilateral or forced renegotiation, modification or nullification of existing contracts with governmental entities; •difficulties enforcing our rights against a governmental agency because of the doctrine of sovereign immunity and foreign sovereignty over international operations; •competition from companies that have established strategic long-term positions or have strong governmental relationships in the foreign jurisdictions in which we operate; and •currency restrictions or exchange rate fluctuations."
- Reworded sentence: "The reporting currency for our consolidated financial statements is the U.S."
- Reworded sentence: "For the fiscal year ended December 31, 2023, EOG had no net operating revenues related to operations of our foreign subsidiaries whose functional currency was not the U.S."

**Prior (2023):**

We operate in other countries and, as a result, are subject to certain political, economic and other risks. Our operations in jurisdictions outside the U.S. are subject to various risks inherent in foreign operations. These risks include, among other risks: •increases in taxes and governmental royalties; •changes in laws and policies governing the operations of foreign-based companies; •loss of revenue, loss of or damage to equipment, property and other assets and interruption of operations as a result of expropriation, nationalization, acts of terrorism, war, civil unrest and other political risks; •unilateral or forced renegotiation, modification or nullification of existing contracts with governmental entities; 23 23 23 23 23 23 •difficulties enforcing our rights against a governmental agency because of the doctrine of sovereign immunity and foreign sovereignty over international operations; and •currency restrictions or exchange rate fluctuations. Our international operations may also be adversely affected by U.S. laws and policies affecting foreign trade and taxation, including tariffs or trade or other economic sanctions; modifications to, or withdrawal from, international trade treaties; and U.S. laws with respect to participation in boycotts that are not supported by the U.S. government. The realization of any of these factors could materially and adversely affect our business, financial condition and results of operations. Unfavorable currency exchange rate fluctuations could materially and adversely affect our results of operations. The reporting currency for our financial statements is the U.S. dollar. However, certain of our subsidiaries are located in countries other than the U.S. and have functional currencies other than the U.S. dollar. The assets, liabilities, revenues and expenses of certain of these foreign subsidiaries are denominated in currencies other than the U.S. dollar. To prepare our consolidated financial statements, we must translate those assets, liabilities, revenues and expenses into U.S. dollars at then-applicable exchange rates. Consequently, increases and decreases in the value of the U.S. dollar versus other currencies will affect the amount of these items in our consolidated financial statements, even if the amount has not changed in the original currency. These translations could result in changes to our results of operations from period to period. For the fiscal year ended December 31, 2022, EOG had no net operating revenues related to operations of our foreign subsidiaries whose functional currency was not the U.S. dollar.

**Current (2024):**

We operate in other countries and, as a result, are subject to certain political, economic, competitive and other risks. Our operations in jurisdictions outside the U.S. are subject to various risks inherent in foreign operations. These risks include, among other risks: •increases in taxes and governmental royalties; 25 25 25 25 25 25 •additional and potentially unfamiliar laws and policies governing the operations of foreign-based companies and changes in such laws and policies; •loss of revenue, loss of or damage to equipment, property and other assets and interruption of operations as a result of expropriation, nationalization, acts of terrorism, war, civil unrest and other political risks; •unilateral or forced renegotiation, modification or nullification of existing contracts with governmental entities; •difficulties enforcing our rights against a governmental agency because of the doctrine of sovereign immunity and foreign sovereignty over international operations; •competition from companies that have established strategic long-term positions or have strong governmental relationships in the foreign jurisdictions in which we operate; and •currency restrictions or exchange rate fluctuations. Our international operations may also be adversely affected by U.S. laws and policies affecting foreign trade and taxation, including tariffs or trade or other economic sanctions; modifications to, or withdrawal from, international trade treaties; and U.S. laws with respect to participation in boycotts that are not supported by the U.S. government. The realization of any of these factors could materially and adversely affect our business, financial condition and results of operations. Unfavorable currency exchange rate fluctuations could materially and adversely affect our results of operations. The reporting currency for our consolidated financial statements is the U.S. dollar. However, certain of our subsidiaries are located in countries other than the U.S. and have functional currencies other than the U.S. dollar. The assets, liabilities, revenues and expenses of certain of these foreign subsidiaries are denominated in currencies other than the U.S. dollar. To prepare our consolidated financial statements, we must translate those assets, liabilities, revenues and expenses into U.S. dollars at then-applicable exchange rates. Consequently, increases and decreases in the value of the U.S. dollar versus other currencies will affect the amount of these items in our consolidated financial statements, even if the amount has not changed in the original currency. These translations could result in changes to our results of operations from period to period. For the fiscal year ended December 31, 2023, EOG had no net operating revenues related to operations of our foreign subsidiaries whose functional currency was not the U.S. dollar.

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*Data sourced from SEC EDGAR. Last updated 2026-05-10.*