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Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues from contracts with customers $ 5,184 $ 3,801 $ 15,475 $ 9,499
Oil, gas and NGL derivatives 248 (335) (605) (1,566)
Total revenues 5,432 3,466 14,870 7,933
Production expenses 735 555 2,082 1,526
Exploration expenses 4 3 16 9
Depreciation, depletion and amortization 581 578 1,598 1,581
Asset dispositions 0 0 (15) (119)
General and administrative expenses 95 95 273 296
Financing costs, net 67 86 236 243
Restructuring and transaction costs 0 18 0 230
Other, net (40) 2 (91) (41)
Total expenses 2,967 2,502 8,648 6,697
Earnings before income taxes 2,465 964 6,222 1,236
Income tax expense (benefit) 565 120 1,389 (85)
Net earnings (loss) 1,900 844 4,833 1,321
Net earnings attributable to noncontrolling interests 7 6 19 14
Net earnings (loss) attributable to Devon $ 1,893 $ 838 $ 4,814 $ 1,307
Net earnings per share:        
Basic net earnings per share: $ 2.89 $ 1.24 $ 7.30 $ 1.95
Diluted net earnings per share: $ 2.88 $ 1.24 $ 7.28 $ 1.95
Comprehensive earnings:        
Net earnings $ 1,900 $ 844 $ 4,833 $ 1,321
Other comprehensive earnings, net of tax:        
Pension and postretirement plans 1 1 3 27
Other comprehensive earnings, net of tax 1 1 3 27
Comprehensive earnings: 1,901 845 4,836 1,348
Comprehensive earnings attributable to noncontrolling interests 7 6 19 14
Comprehensive earnings attributable to Devon 1,894 839 4,817 1,334
Oil, Gas and NGL Sales [Member]        
Revenues from contracts with customers 3,668 2,635 10,943 6,546
Marketing and Midstream Revenues [Member]        
Revenues from contracts with customers 1,516 1,166 4,532 2,953
Marketing and Midstream Expenses [Member]        
Expenses $ 1,525 $ 1,165 $ 4,549 $ 2,972