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Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues $ 2,290 $ 1,367
Oil, gas and NGL derivatives (528) 720
Total revenues 1,762 2,087
Production expenses 489 318
Exploration expenses 3 112
Depreciation, depletion and amortization 467 401
Asset impairments   2,666
Asset dispositions (32)  
General and administrative expenses 107 102
Financing costs, net 77 65
Restructuring and transaction costs 189  
Other, net (29) (48)
Total expenses 1,794 4,194
Loss from continuing operations before income taxes (32) (2,107)
Income tax benefit (248) (417)
Net earnings (loss) from continuing operations 216 (1,690)
Net loss from discontinued operations, net of income taxes   (125)
Net earnings (loss) 216 (1,815)
Net earnings attributable to noncontrolling interests 3 1
Net earnings (loss) attributable to Devon $ 213 $ (1,816)
Basic net earnings (loss) per share:    
Basic earnings (loss) from continuing operations per share $ 0.33 $ (4.48)
Basic loss from discontinued operations per share   (0.34)
Basic net earnings (loss) per share 0.33 (4.82)
Diluted net earnings (loss) per share:    
Diluted earnings (loss) from continuing operations per share 0.32 (4.48)
Diluted loss from discontinued operations per share   (0.34)
Diluted net earnings (loss) per share $ 0.32 $ (4.82)
Comprehensive earnings (loss):    
Net earnings (loss) $ 216 $ (1,815)
Other comprehensive earnings (loss), net of tax:    
Pension and postretirement plans 23 1
Other comprehensive earnings, net of tax 23 1
Comprehensive earnings (loss): 239 (1,814)
Comprehensive earnings attributable to noncontrolling interests 3 1
Comprehensive earnings (loss) attributable to Devon 236 (1,815)
Oil, Gas and NGL Sales [Member]    
Revenues 1,788 807
Marketing and Midstream Revenues [Member]    
Revenues 502 560
Marketing and Midstream Expenses [Member]    
Expenses $ 523 $ 578