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Stockholders' Equity (Tables)

12 Months Ended

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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