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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2023
Stockholders' Equity Note [Abstract] |
Summary of Purchases of Common Stock | The table below provides information regarding purchases of Devon’s common stock under the $3.0 billion share repurchase program (shares in thousands).
|  | Total Number of Shares Purchased |  |  | Dollar Value of Shares Purchased |  |  | Average Price Paid per Share |
$3.0 Billion Plan |  |  |  |  |  |  |  |  |
2021: |  |  |  |  |  |  |  |  |
Fourth quarter |  |  | 13,983 |  |  | $ | 589 |  |  | $ | 42.15 |
2022: |  |  |  |  |  |  |  |  |
First quarter |  |  | 3,979 |  |  |  | 230 |  |  | $ | 57.74 |
Second quarter |  |  | 5,052 |  |  |  | 318 |  |  | $ | 63.07 |
Third quarter |  |  | 1,875 |  |  |  | 113 |  |  | $ | 59.99 |
Fourth quarter |  |  | 802 |  |  |  | 57 |  |  | $ | 71.69 |
2023: |  |  |  |  |  |  |  |  |
First quarter |  |  | 10,090 |  |  |  | 545 |  |  | $ | 53.96 |
Second quarter |  |  | 3,795 |  |  |  | 200 |  |  | $ | 52.70 |
Total plan |  |  | 39,576 |  |  | $ | 2,052 |  |  | $ | 51.86 |
Schedule of Dividends Payable | The following table summarizes Devon’s fixed and variable dividends for the first nine months of 2023 and 2022, respectively.
| Fixed |  |  | Variable |  |  | Total |  |  | Rate Per Share |
2023: |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 133 |  |  | $ | 463 |  |  | $ | 596 |  |  | $ | 0.89 |
Second quarter |  | 128 |  |  |  | 334 |  |  |  | 462 |  |  | $ | 0.72 |
Third quarter |  | 127 |  |  |  | 185 |  |  |  | 312 |  |  | $ | 0.49 |
Total year-to-date | $ | 388 |  |  | $ | 982 |  |  | $ | 1,370 |  |  |  |
2022: |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 109 |  |  | $ | 558 |  |  | $ | 667 |  |  | $ | 1.00 |
Second quarter |  | 105 |  |  |  | 725 |  |  |  | 830 |  |  | $ | 1.27 |
Third quarter |  | 117 |  |  |  | 890 |  |  |  | 1,007 |  |  | $ | 1.55 |
Total year-to-date | $ | 331 |  |  | $ | 2,173 |  |  | $ | 2,504 |  |  |  |

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