XML 18 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues from contracts with customers $ 3,801 $ 1,154 $ 9,499 $ 3,276
Oil, gas and NGL derivatives (335) (87) (1,566) 272
Total revenues 3,466 1,067 7,933 3,548
Production expenses 555 271 1,526 852
Exploration expenses 3 39 9 163
Depreciation, depletion and amortization 578 299 1,581 999
Asset impairments       2,666
Asset dispositions     (119)  
General and administrative expenses 95 75 296 256
Financing costs, net 86 66 243 200
Restructuring and transaction costs 18 32 230 32
Other, net 2   (41) (35)
Total expenses 2,502 1,260 6,697 6,528
Earnings (loss) from continuing operations before income taxes 964 (193) 1,236 (2,980)
Income tax expense (benefit) 120 (90) (85) (510)
Net earnings (loss) from continuing operations 844 (103) 1,321 (2,470)
Net earnings (loss) from discontinued operations, net of income taxes   13   (103)
Net earnings (loss) 844 (90) 1,321 (2,573)
Net earnings attributable to noncontrolling interests 6 2 14 5
Net earnings (loss) attributable to Devon $ 838 $ (92) $ 1,307 $ (2,578)
Basic net earnings (loss) per share:        
Basic earnings (loss) from continuing operations per share $ 1.24 $ (0.29) $ 1.95 $ (6.58)
Basic earnings (loss) from discontinued operations per share   0.04   (0.27)
Basic net earnings (loss) per share 1.24 (0.25) 1.95 (6.85)
Diluted net earnings (loss) per share:        
Diluted earnings (loss) from continuing operations per share 1.24 (0.29) 1.95 (6.58)
Diluted earnings (loss) from discontinued operations per share   0.04   (0.27)
Diluted net earnings (loss) per share $ 1.24 $ (0.25) $ 1.95 $ (6.85)
Comprehensive earnings (loss):        
Net earnings (loss) $ 844 $ (90) $ 1,321 $ (2,573)
Other comprehensive earnings, net of tax:        
Pension and postretirement plans 1 1 27 3
Other comprehensive earnings, net of tax 1 1 27 3
Comprehensive earnings (loss): 845 (89) 1,348 (2,570)
Comprehensive earnings attributable to noncontrolling interests 6 2 14 5
Comprehensive earnings (loss) attributable to Devon 839 (91) 1,334 (2,575)
Oil, Gas and NGL Sales [Member]        
Revenues from contracts with customers 2,635 678 6,546 1,909
Marketing and Midstream Revenues [Member]        
Revenues from contracts with customers 1,166 476 2,953 1,367
Marketing and Midstream Expenses [Member]        
Expenses $ 1,165 $ 478 $ 2,972 $ 1,395