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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 6,101 $ 5,555
Short-term investments 944 1,503
Accounts receivable 1,005 1,379
Other current assets 1,167 868
Total current assets 9,217 9,305
Oil and gas, based on full cost accounting:    
Subject to amortization 64,965 61,696
Not subject to amortization 4,062 3,982
Total oil and gas 69,027 65,678
Other 5,545 5,098
Total property and equipment, at cost 74,572 70,776
Less accumulated depreciation, depletion and amortization (47,331) (46,002)
Property and equipment, net 27,241 [1] 24,774
Goodwill 6,007 6,013
Other long-term assets 1,005 1,025
Total assets 43,470 41,117
Current liabilities:    
Accounts payable 1,510 1,471
Revenues and royalties payable 591 678
Short-term debt 2,148 3,811
Other current liabilities 712 778
Total current liabilities 4,961 6,738
Long-term debt 8,455 5,969
Asset retirement obligations 1,942 1,496
Other long-term liabilities 799 721
Deferred income taxes 5,088 4,763
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 404.5 million and 404.1 million shares in 2012 and 2011, respectively 40 40
Additional paid-in capital 3,604 3,507
Retained earnings 17,016 16,308
Accumulated other comprehensive earnings 1,565 1,575
Total stockholders' equity 22,225 21,430
Commitments and contingencies (Note 17)      
Total liabilities and stockholders' equity $ 43,470 $ 41,117
[1] Amounts in the table above do not include assets held for sale related to Devon’s discontinued operations, which totaled $130 million at June 30, 2011. There were no assets held for sale at June 30, 2012.