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Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Share-based Compensation [Abstract]

Schedule Of The Effects Of Share-Based Compensation Included In The Consolidated Comprehensive Statements Of Earnings



		Nine Months Ended September 30,
		2014			2013

		(In millions)
Gross general and administrative expense		$	155		$	118
Share-based compensation expense capitalized pursuant to the
full-cost method of accounting for oil and gas properties		$	40		$	44
Related income tax benefit		$	20		$	17

Summary of Unvested Restricted Stock Awards And Units, Including Changes During the Year


			Restricted Stock Award & Units		Weighted Average Grant-Date Fair Value
			(In thousands)
Unvested at December 31, 2013			3,292		$	59.76
Granted			3,412		$	63.53
Vested			(558)		$	60.65
Forfeited			(607)		$	60.96
Unvested at September 30, 2014			5,539		$	61.73

Summary Of Unvested Performance Stock Awards, Including Changes During The Year


			Performance Restricted Stock Awards		Weighted Average Grant-Date Fair Value
			(In thousands)
Unvested at December 31, 2013			316		$	56.25
Granted			234		$	61.33
Vested			(75)		$	53.45
Unvested at September 30, 2014			475		$	59.20

Summary Of Performance-Based Share Units Grant-Date Fair Values And Their Related Assumptions, Represented By The Weighted-Average Amounts


	2014

Grant-date fair value	$	70.18	-	$	81.05
Risk-free interest rate					0.54%
Volatility factor					28.8%
Contractual term (in years)					2.89

Summary Of Performance Share Units


			Performance Share Units		Weighted Average Grant-Date Fair Value
			(In thousands)
Unvested at December 31, 2013			925		$	66.64
Granted			708		$	77.77
Forfeited			(147)		$	77.25
Unvested at September 30, 2014 (1)			1,486		$	70.89

____________________________

(1)

A maximum of 3.0 million common shares could be awarded based upon Devon’s final total shareholder return ranking.