EOG Resources, Inc. Provided earnings guidance for the fourth quarter ended December 31, 2017. On December 22, 2017, the United States (U.S.) enacted the Tax Cuts and Jobs Act (Tax Reform Legislation), which made significant changes to U.S. federal income tax law affecting EOG Resources, Inc. The company expects that these changes will positively impact its future after-tax earnings in the U.S., primarily due to the lower federal statutory tax rate. Set forth below is a discussion of certain provisions of the Tax Reform Legislation and the company's preliminary assessment of the impact of such provisions on it's results of operations, cash flows and consolidated financial statements. Beginning January 1, 2018, it's U.S income will be taxed at a 21% federal corporate rate. Further, the company is required to recognize the effect of this rate change on its deferred tax assets and liabilities in the period the tax rate change is enacted. The company currently expects this rate change will result in a non-cash decrease to the income tax provision (shown on its condensed consolidated statements of income (loss) and comprehensive income (loss)) of approximately $2.2 billion for the quarter ended December 31, 2017.