Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

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

	Nine Months Ended September 30,
	2021		2020
G&A	$	58	$	58
Exploration expenses		1		1
Restructuring and transaction costs		21		11
Total	$	80	$	70
Related income tax benefit	$	8	$	—

Summary Of Unvested Restricted Stock Awards, Performance-Based Restricted Stock Awards And Performance Share Units

								Performance-Based					Performance
	Restricted Stock Awards & Units							Restricted Stock Awards					Share Units
	Awards/Units					Weighted Average Grant-Date Fair Value		Awards			Weighted Average Grant-Date Fair Value		Units					Weighted Average Grant-Date Fair Value
	(Thousands, except fair value data)
Unvested at 12/31/20		5,316				$	25.82		44		$	44.70		1,994				$	31.89
Granted		7,711		⁽¹	⁾	$	19.69		—		$	—		861				$	18.08
Vested		(5,006	)			$	22.35		(44	)	$	44.70		(754	)			$	37.40
Forfeited		(126	)			$	23.21		—		$	—		(25	)			$	36.04
Unvested at 9/30/21		7,895				$	22.08		—		$	—		2,076		⁽²	⁾	$	24.12

(1)

Due to the closing of the Merger, each share of WPX common stock was automatically converted into the right to receive 0.5165 of a share of Devon common stock. As a result, approximately 4.9 million awards relate to the conversion of WPX equity awards to Devon equity awards.

(2)

A maximum of 4.2 million common shares could be awarded based upon Devon’s final TSR ranking.

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

	2021
Grant-date fair value	$	18.08
Risk-free interest rate	0.18%
Volatility factor	67.8%
Contractual term (years)	2.89

Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition


	Restricted Stock		Performance
	Awards/Units		Share Units
Unrecognized compensation cost	$	97	$	15
Weighted average period for recognition (years)		2.5		1.9