v2.4.0.6
Segment Information (Tables)
6 Months Ended
Jun. 30, 2012
Segment Information [Abstract]  
Condensed Statements Of Comprehensive Earnings And Balance Sheets Of Reportable Segments

 

 

 

 

 

U.S.

Canada

Total

 

(In millions)

Three Months Ended June 30, 2012:

 

Oil, gas and NGL sales...................................................................................

$     1,014

$         603

$     1,617

Oil, gas and NGL derivatives........................................................................

$         665

$          

$         665

Marketing and midstream revenues...........................................................

$         250

$           27

$         277

Depreciation, depletion and amortization.................................................

$         439

$         245

$         684

Interest expense..............................................................................................

$           84

$           15

$           99

Earnings from continuing operations before income taxes....................

$         727

$             7

$         734

Income tax expense (benefit)......................................................................

$         259

$            (2)

$         257

Earnings from continuing operations.........................................................

$         468

$             9

$         477

Capital expenditures......................................................................................

$     1,985

$         384

$     2,369

 

 

 

 

 

Three Months Ended June 30, 2011:

                

                 

            

Oil, gas and NGL sales...................................................................................

$     1,438

$         762

$     2,200

Oil, gas and NGL derivatives........................................................................

$         416

$          

$         416

Marketing and midstream revenues...........................................................

$         554

$           50

$         604

Depreciation, depletion and amortization.................................................

$         350

$         200

$         550

Interest expense..............................................................................................

$           40

$           45

$           85

Earnings from continuing operations before income taxes....................

$     1,148

$         230

$     1,378

Income tax expense......................................................................................

$     1,135

$           59

$     1,194

Earnings from continuing operations.........................................................

$           13

$         171

$         184

Capital expenditures......................................................................................

$     1,499

$         334

$     1,833

 

 

 

 

 

Six Months Ended June 30, 2012:

                

                 

            

Oil, gas and NGL sales...................................................................................

$     2,250

$     1,282

$     3,532

Oil, gas and NGL derivatives........................................................................

$         810

$          

$         810

Marketing and midstream revenues...........................................................

$         649

$           65

$         714

Depreciation, depletion and amortization.................................................

$         870

$         494

$     1,364

Interest expense..............................................................................................

$         155

$           31

$         186

Earnings from continuing operations before income taxes....................

$     1,260

$           85

$     1,345

Income tax expense......................................................................................

$         444

$           10

$         454

Earnings from continuing operations.........................................................

$         816

$           75

$         891

Property and equipment, net........................................................................

$   18,818

$     8,423

$   27,241

Total assets......................................................................................................

$   24,916

$   18,554

$   43,470

Capital expenditures (2)................................................................................

$     3,531

$     1,183

$     4,714

 

 

 

 

 

Six Months Ended June 30, 2011:

                

                 

            

Oil, gas and NGL sales...................................................................................

$     2,650

$     1,410

$     4,060

Oil, gas and NGL derivatives........................................................................

$         248

$          

$         248

Marketing and midstream revenues...........................................................

$         977

$           82

$     1,059

Depreciation, depletion and amortization.................................................

$         668

$         388

$     1,056

Interest expense..............................................................................................

$           77

$           89

$         166

Earnings from continuing operations before income taxes....................

$     1,586

$         372

$     1,958

Income tax expense......................................................................................

$     1,290

$           95

$     1,385

Earnings from continuing operations.........................................................

$         296

$         277

$         573

Property and equipment, net........................................................................

$   14,472

$     7,955

$   22,427

Total continuing assets (1)............................................................................

$   19,972

$   18,435

$   38,407

Capital expenditures......................................................................................

$     2,751

$         880

$     3,631

____________________________

(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.

Capital expenditures for the first six months of 2012 presented above include the $399 million revision to Devon’s asset retirement obligations presented in Note 14. Of the $399 million, $110 million relates to the U.S. and $289 million relates to Canada.