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Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues from contracts with customers $ 3,530 $ 5,796 $ 7,289 $ 10,291
Oil, gas and NGL derivatives (76) (170) (12) (853)
Total revenues 3,454 5,626 7,277 9,438
Production expenses 719 729 1,412 1,347
Exploration expenses 10 10 13 12
Depreciation, depletion and amortization 638 528 1,253 1,017
Asset dispositions (41) (14) (41) (15)
General and administrative expenses 92 84 198 178
Financing costs, net 78 84 150 169
Other, net 10 10 15 (51)
Total expenses 2,557 3,131 5,156 5,681
Earnings before income taxes 897 2,495 2,121 3,757
Income tax expense 199 557 420 824
Net earnings 698 1,938 1,701 2,933
Net earnings attributable to noncontrolling interests 8 6 16 12
Net earnings attributable to Devon $ 690 $ 1,932 $ 1,685 $ 2,921
Net earnings per share:        
Basic net earnings per share $ 1.08 $ 2.94 $ 2.61 $ 4.42
Diluted net earnings per share $ 1.07 $ 2.93 $ 2.6 $ 4.4
Comprehensive earnings:        
Net earnings $ 698 $ 1,938 $ 1,701 $ 2,933
Other comprehensive earnings, net of tax:        
Pension and postretirement plans 1 1 2 2
Other comprehensive earnings, net of tax 1 1 2 2
Comprehensive earnings: 699 1,939 1,703 2,935
Comprehensive earnings attributable to noncontrolling interests 8 6 16 12
Comprehensive earnings attributable to Devon 691 1,933 1,687 2,923
Oil, Gas and NGL Sales [Member]        
Revenues from contracts with customers 2,493 4,100 5,172 7,275
Marketing and Midstream Revenues [Member]        
Revenues from contracts with customers 1,037 1,696 2,117 3,016
Marketing and Midstream Expenses [Member]        
Expenses $ 1,051 $ 1,700 $ 2,156 $ 3,024