XML 20 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues $ 3,120 $ 755 $ 5,698 $ 2,122
Oil, gas and NGL derivatives (703) (361) (1,231) 359
Total revenues 2,417 394 4,467 2,481
Production expenses 513 263 971 581
Exploration expenses 3 12 6 124
Depreciation, depletion and amortization 536 299 1,003 700
Asset impairments       2,666
Asset dispositions (87)   (119)  
General and administrative expenses 94 79 201 181
Financing costs, net 80 69 157 134
Restructuring and transaction costs 23   212  
Other, net (14) 13 (43) (35)
Total expenses 2,113 1,074 4,195 5,268
Earnings (loss) from continuing operations before income taxes 304 (680) 272 (2,787)
Income tax expense (benefit) 43 (3) (205) (420)
Net earnings (loss) from continuing operations 261 (677) 477 (2,367)
Net earnings (loss) from discontinued operations, net of income taxes   9   (116)
Net earnings (loss) 261 (668) 477 (2,483)
Net earnings attributable to noncontrolling interests 5 2 8 3
Net earnings (loss) attributable to Devon $ 256 $ (670) $ 469 $ (2,486)
Basic net earnings (loss) per share:        
Basic earnings (loss) from continuing operations per share $ 0.38 $ (1.80) $ 0.70 $ (6.29)
Basic earnings (loss) from discontinued operations per share   0.02   (0.31)
Basic net earnings (loss) per share 0.38 (1.78) 0.70 (6.60)
Diluted net earnings (loss) per share:        
Diluted earnings (loss) from continuing operations per share 0.38 (1.80) 0.70 (6.29)
Diluted earnings (loss) from discontinued operations per share   0.02   (0.31)
Diluted net earnings (loss) per share $ 0.38 $ (1.78) $ 0.70 $ (6.60)
Comprehensive earnings (loss):        
Net earnings (loss) $ 261 $ (668) $ 477 $ (2,483)
Other comprehensive earnings (loss), net of tax:        
Pension and postretirement plans 3 1 26 2
Other comprehensive earnings, net of tax 3 1 26 2
Comprehensive earnings (loss): 264 (667) 503 (2,481)
Comprehensive earnings attributable to noncontrolling interests 5 2 8 3
Comprehensive earnings (loss) attributable to Devon 259 (669) 495 (2,484)
Oil, Gas and NGL Sales [Member]        
Revenues 2,154 424 3,911 1,231
Marketing and Midstream Revenues [Member]        
Revenues 966 331 1,787 891
Marketing and Midstream Expenses [Member]        
Expenses $ 965 $ 339 $ 1,807 $ 917