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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
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).
|  | Total Number of Shares Purchased |  |  | Dollar Value of Shares Purchased |  |  | Average Price Paid per Share |
$1.0 Billion Plan (Closed) |  |  |  |  |  |  |  |  |
2020 |  |  | 2,243 |  |  | $ | 38 |  |  | $ | 16.85 |
Total |  |  | 2,243 |  |  | $ | 38 |  |  | $ | 16.85 |
$2.0 Billion Plan |  |  |  |  |  |  |  |  |
2021 |  |  | 13,983 |  |  | $ | 589 |  |  | $ | 42.15 |
2022 |  |  | 11,708 |  |  |  | 718 |  |  |  | 61.36 |
Total plan |  |  | 25,691 |  |  | $ | 1,307 |  |  | $ | 50.90 |
Summary Of Dividends Paid On Common Stock | Devon is committed to paying a quarterly dividend at a fixed rate and 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 2022, 2021 and 2020, 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 |
Fourth quarter |  | 117 |  |  |  | 758 |  |  |  | 875 |  |  | $ | 1.35 |
Total year-to-date | $ | 448 |  |  | $ | 2,931 |  |  | $ | 3,379 |  |  |  |
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 |  |  |  |

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