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Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues from contracts with customers $ 19,827 $ 13,750 $ 4,673
Oil, gas and NGL derivatives (658) (1,544) 155
Total revenues 19,169 12,206 4,828
Production expenses 2,797 2,131 1,123
Exploration expenses 29 14 167
Depreciation, depletion and amortization 2,223 2,158 1,300
Asset impairments 0 0 2,693
Asset dispositions (44) (168) (1)
General and administrative expenses 395 391 338
Financing costs, net 309 329 270
Restructuring and transaction costs 0 258 49
Other, net (95) (43) (34)
Total expenses 11,394 9,308 7,918
Earnings (loss) from continuing operations before income taxes 7,775 2,898 (3,090)
Income tax expense (benefit) 1,738 65 (547)
Net earnings (loss) from continuing operations 6,037 2,833 (2,543)
Net loss from discontinued operations, net of income taxes 0 0 (128)
Net earnings (loss) 6,037 2,833 (2,671)
Net earnings attributable to noncontrolling interests 22 20 9
Net earnings (loss) attributable to Devon $ 6,015 $ 2,813 $ (2,680)
Basic net earnings (loss) per share:      
Basic earnings (loss) from continuing operations per share $ 9.15 $ 4.20 $ (6.78)
Basic loss from discontinued operations per share 0 0 (0.34)
Basic net earnings per share 9.15 4.20 (7.12)
Diluted net earnings (loss) per share:      
Diluted earnings (loss) from continuing operations per share 9.12 4.19 (6.78)
Diluted loss from discontinued operations per share 0 0 (0.34)
Diluted net earnings (loss) per share $ 9.12 $ 4.19 $ (7.12)
Comprehensive earnings (loss):      
Net earnings (loss) $ 6,037 $ 2,833 $ (2,671)
Other comprehensive earnings (loss), net of tax:      
Pension and postretirement plans 16 (5) (8)
Other comprehensive loss, net of tax 16 (5) (8)
Comprehensive earnings (loss): 6,053 2,828 (2,679)
Comprehensive earnings attributable to noncontrolling interests 22 20 9
Comprehensive earnings (loss) attributable to Devon 6,031 2,808 (2,688)
Oil, Gas and NGL Sales [Member]      
Revenues from contracts with customers 14,082 9,531 2,695
Marketing and Midstream Revenues [Member]      
Revenues from contracts with customers 5,745 4,219 1,978
Marketing and Midstream Expenses [Member]      
Marketing and midstream expenses $ 5,780 $ 4,238 $ 2,013