XML 46 R23.htm IDEA: XBRL DOCUMENT
v3.19.2

Stockholders' Equity | 6 Months Ended
--- | ---
Jun. 30, 2019
Stockholders Equity Note [Abstract] |
Stockholders' Equity |
1 7. | Stockholders’ Equity
Share Repurchase Program In March 2018, Devon announced a share repurchase program to buy up to $1.0 billion of its common stock. In June 2018, in conjunction with the announced divestiture of its investment in EnLink and the General Partner, Devon increased its program by an additional $3.0 billion. In February 2019, Devon’s Board of Directors authorized an expansion of the share repurchase program by an additional $1.0 billion, bringing the total to $5.0 billion. The share repurchase program expires December 31, 2019. The table below provides information regarding purchases of Devon’s common stock that were made during 2018 and the first six months of 2019 (shares in thousands).
|  | Total Number of Shares Purchased |  |  | Dollar Value of Shares Purchased |  |  | Average Price Paid per Share |
First quarter 2018: |  |  |  |  |  |  |  |  |  |  |  |
Open-Market |  |  | 2,561 |  |  | $ | 82 |  |  | $ | 32.19 |
Second quarter 2018: |  |  |  |  |  |  |  |  |  |  |  |
Open-Market |  |  | 11,154 |  |  |  | 439 |  |  |  | 39.35 |
Third quarter 2018: |  |  |  |  |  |  |  |  |  |  |  |
Open-Market |  |  | 16,492 |  |  |  | 712 |  |  |  | 43.13 |
ASR |  |  | 24,330 |  |  |  | 1,000 |  |  |  | 41.10 |
Total |  |  | 40,822 |  |  |  | 1,712 |  |  |  | 41.92 |
Fourth quarter 2018: |  |  |  |  |  |  |  |  |  |  |  |
Open-Market |  |  | 23,612 |  |  |  | 745 |  |  |  | 31.57 |
First quarter 2019: |  |  |  |  |  |  |  |  |  |  |  |
Open-Market |  |  | 36,141 |  |  |  | 1,024 |  |  |  | 28.33 |
Second quarter 2019: |  |  |  |  |  |  |  |  |  |  |  |
Open-Market |  |  | 5,911 |  |  |  | 159 |  |  |  | 27.01 |
Total inception-to-date |  |  | 120,201 |  |  | $ | 4,161 |  |  | $ | 34.62 |
Dividends The table below summarizes the dividends Devon paid on its common stock.
| Amounts |  |  | Rate Per Share |
Quarter Ended 2019: |  |  |  |  |  |  |
First quarter | $ | 34 |  |  | $ | 0.08 |
Second quarter |  | 37 |  |  | $ | 0.09 |
Total year-to-date | $ | 71 |  |  |  |  |
Quarter Ended 2018: |  |  |  |  |  |  |
First quarter | $ | 32 |  |  | $ | 0.06 |
Second quarter |  | 42 |  |  | $ | 0.08 |
Total year-to-date | $ | 74 |  |  |  |  |
Devon raised its quarterly dividend by 12.5%, to $0.09 per share, beginning in the second quarter of 2019. In the second quarter of 2018, Devon increased the quarterly dividend rate from $0.06 to $0.08 per share.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration