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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Stockholders' Equity Note [Abstract] |
Summary of Purchases of Common Stock | The table below provides information regarding purchases of Devon’s common stock under the $5.0 billion share repurchase program (shares in thousands).
|  | Total Number of Shares Purchased |  |  | Dollar Value of Shares Purchased |  |  | Average Price Paid per Share |
$5.0 Billion Plan |  |  |  |  |  |  |  |  |
2021 |  |  | 13,983 |  |  | $ | 589 |  |  | $ | 42.15 |
2022 |  |  | 11,708 |  |  |  | 718 |  |  | $ | 61.36 |
2023: |  |  |  |  |  |  |  |  |
First quarter |  |  | 10,090 |  |  |  | 545 |  |  | $ | 53.96 |
Second quarter |  |  | 3,795 |  |  |  | 200 |  |  | $ | 52.70 |
Fourth quarter |  |  | 5,465 |  |  |  | 247 |  |  | $ | 45.17 |
2023 Total |  |  | 19,350 |  |  |  | 992 |  |  | $ | 51.23 |
2024: |  |  |  |  |  |  |  |  |
First quarter |  |  | 4,428 |  |  |  | 193 |  |  | $ | 43.47 |
Second quarter |  |  | 5,188 |  |  |  | 256 |  |  | $ | 49.40 |
2024 Total |  |  | 9,616 |  |  |  | 449 |  |  | $ | 46.67 |
Total plan |  |  | 54,657 |  |  | $ | 2,748 |  |  | $ | 50.28 |
Schedule of Dividends Payable | The following table summarizes Devon’s fixed and variable dividends for the first six months of 2024 and 2023, respectively.
| Fixed |  |  | Variable |  |  | Total |  |  | Rate Per Share |
2024: |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 143 |  |  | $ | 156 |  |  | $ | 299 |  |  | $ | 0.44 |
Second quarter |  | 138 |  |  |  | 85 |  |  |  | 223 |  |  | $ | 0.35 |
Total year-to-date | $ | 281 |  |  | $ | 241 |  |  | $ | 522 |  |  |  |
2023: |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 133 |  |  | $ | 463 |  |  | $ | 596 |  |  | $ | 0.89 |
Second quarter |  | 128 |  |  |  | 334 |  |  |  | 462 |  |  | $ | 0.72 |
Total year-to-date | $ | 261 |  |  | $ | 797 |  |  | $ | 1,058 |  |  |  |

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- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481520/505-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481520/505-30-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481520/505-30-50-4 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1 + Details
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