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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Share-based Compensation [Abstract]

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

		Year Ended December 31,
		2014			2013			2012
		(In millions)
Gross general and administrative expense		$	199		$	157		$	179
Share-based compensation expense capitalized pursuant to the
full cost method of accounting for oil and gas properties		$	53		$	60		$	56
Related income tax benefit		$	30		$	23		$	34

Summary Of the Grant-Date Fair Values Of Stock Options Granted And Their Related Assumptions, Represented By The Weighted-Average Amounts

		2012
Grant-date fair value		$	22.20
Volatility factor			42.5%
Dividend yield			1.2%
Risk-free interest rate			1.1%
Expected term (in years)			6.0

Summary Of Outstanding Stock Options, Including Changes During The Year

						Weighted Average
			Options		Exercise Price				Remaining Term		Intrinsic Value
			(In thousands)						(In years)		(In millions)
Outstanding at December 31, 2013			6,446		$	69.35
Granted			-		$	-
Exercised			(1,417)		$	65.55
Expired			(528)		$	70.64
Forfeited			(283)		$	67.86
Outstanding at December 31, 2014			4,218		$	70.56			3.11		$	1
Vested and expected to vest at December 31, 2014			4,201		$	70.57			3.10		$	1
Exercisable at December 31, 2014			3,969		$	70.80			3.00		$	1

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

			Restricted Stock Awards & Units		Weighted Average Grant-Date Fair Value
			(In thousands)
Unvested at December 31, 2013			3,292		$	59.76
Granted			3,487		$	62.75
Vested			(1,767)		$	60.23
Forfeited			(708)		$	60.47
Unvested at December 31, 2014			4,304		$	60.85

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			(170)		$	56.18
Unvested at December 31, 2014			380		$	59.41

Summary Of Performance-Based Share Units Grant-Date Fair Values And Their Related Assumptions

	2014						2013						2012
Grant-date fair value	$	70.18	-	$	81.05		$	61.27	-	$	63.48		$	61.27	-	$	63.48
Risk-free interest rate	0.54%							0.26%	-		0.36%			0.26%	-		0.36%
Volatility factor	28.8%						30.3%						30.3%
Contractual term (in years)	2.89						3.0						3.0

Summary of Performance Share Units, Including Changes During the Year

			Performance Share Units		Weighted Average Grant-Date Fair Value
			(In thousands)
Unvested at December 31, 2013			925		$	66.64
Granted			708		$	77.77
Forfeited			(156)		$	76.59
Unvested at December 31, 2014 (1)			1,477		$	70.90

____________________________

(1) A maximum of 3.0 million common shares could be awarded based upon Devon’s final TSR ranking.

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Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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