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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2022
Stockholders' Equity Note [Abstract] |
Summary of Purchases of Common Stock | The table below provides information regarding purchases of Devon’s common stock under the $2.0 billion share repurchase program (shares in thousands).
|  | Total Number of Shares Purchased |  |  | Dollar Value of Shares Purchased |  |  | Average Price Paid per Share |
2021: |  |  |  |  |  |  |  |  |
Fourth quarter |  |  | 13,983 |  |  | $ | 589 |  |  | $ | 42.15 |
2022: |  |  |  |  |  |  |  |  |
First quarter |  |  | 3,979 |  |  | $ | 230 |  |  | $ | 57.74 |
Second quarter |  |  | 5,052 |  |  |  | 318 |  |  | $ | 63.07 |
Third quarter |  |  | 1,875 |  |  |  | 113 |  |  | $ | 59.99 |
Total plan |  |  | 24,889 |  |  | $ | 1,250 |  |  | $ | 50.23 |
Schedule of Dividends Payable | The following table summarizes Devon’s fixed and variable dividends for the first nine months of 2022 and 2021, respectively.
| Fixed |  |  | Variable |  |  | Total |  |  | Rate Per Share |
2022: |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 109 |  |  | $ | 558 |  |  | $ | 667 |  |  | $ | 1.00 |
Second quarter |  | 105 |  |  |  | 725 |  |  |  | 830 |  |  | $ | 1.27 |
Third quarter |  | 117 |  |  |  | 890 |  |  |  | 1,007 |  |  | $ | 1.55 |
Total year-to-date | $ | 331 |  |  | $ | 2,173 |  |  | $ | 2,504 |  |  |  |
2021: |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 76 |  |  | $ | 127 |  |  | $ | 203 |  |  | $ | 0.30 |
Second quarter |  | 75 |  |  |  | 154 |  |  |  | 229 |  |  | $ | 0.34 |
Third quarter |  | 74 |  |  |  | 255 |  |  |  | 329 |  |  | $ | 0.49 |
Total year-to-date | $ | 225 |  |  | $ | 536 |  |  | $ | 761 |  |  |  |

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- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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