EOG · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

EOG RESOURCES INC · 2026-08-04 · Importance 56 · Surprise 46

Second-quarter 2026 income-tax expense increased to $775 million from $406 million because of higher pretax income.,The second-quarter net effective tax rate declined to 22% from 23% in the prior-year quarter.,First-half 2026 income-tax expense increased to $1,350 million from $820 million as pretax income increased.,The first-half net effective tax rate also declined to 22% from 23%, reducing the tax rate applied to higher earnings.

Key facts

• The net effective tax rate for Q2 2026 was 22% compared to 23% for Q2 2025; for the first six months of 2026 the net effective tax rate was 22% compared to 23% for the first six months of 2025. source
• Important factors include tax laws and regulations (including, but not limited to, carbon tax or other emissions-related legislation). source