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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Stockholders Equity Note [Abstract]

Summary of Purchases of Common Stock

The table below provides information regarding purchases of Devon’s common stock that were made under the respective share repurchase programs (shares in thousands).

$5.0 Billion Plan (Closed)		Total Number of Shares Purchased				Dollar Value of Shares Purchased				Average Price Paid per Share
2018			78,149			$	2,978			$	38.11
2019			68,625				1,827				26.62
Total			146,774			$	4,805			$	32.74
$1.0 Billion Plan (Closed)
2020			2,243			$	38			$	16.85
Total			2,243			$	38			$	16.85
$1.6 Billion Plan (Open)
2021			13,983			$	589			$	42.15
Total			13,983			$	589			$	42.15

Summary Of Dividends Paid On Common Stock

Upon completion of the Merger, Devon continued its commitment to pay a quarterly dividend at a fixed rate and instituted a variable quarterly dividend, which is dependent on quarterly cash flows, among other factors. The following table summarizes the dividends Devon has paid on its common stock in 2021, 2020 and 2019, respectively.

	Fixed				Variable/Special				Total				Rate Per Share
2021:
First quarter	$	76			$	127			$	203			$	0.30
Second quarter		75				154				229			$	0.34
Third quarter		74				255				329			$	0.49
Fourth quarter		73				481				554			$	0.84
Total year-to-date	$	298			$	1,017			$	1,315
2020:
First quarter	$	34			$	—			$	34			$	0.09
Second quarter		42				—				42			$	0.11
Third quarter		43				—				43			$	0.11
Fourth quarter		41				97				138			$	0.37
Total year-to-date	$	160			$	97			$	257
2019:
First quarter	$	34			$	—			$	34			$	0.08
Second quarter		37				—				37			$	0.09
Third quarter		35				—				35			$	0.09
Fourth quarter		34				—				34			$	0.09
Total year-to-date	$	140			$	—			$	140

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