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Income Taxes (Tables) | 6 Months Ended
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Jun. 30, 2024
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation | The following table presents Devon’s total income tax expense and a reconciliation of its effective income tax rate to the U.S. statutory income tax rate.
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2024 |  | 2023 |  | 2024 |  | 2023 |
Earnings before income taxes |  | $ | 1,040 |  | $ | 897 |  | $ | 1,808 |  | $ | 2,121 |
Current income tax expense |  | $ | 146 |  | $ | 80 |  | $ | 265 |  | $ | 221 |
Deferred income tax expense |  |  | 39 |  |  | 119 |  |  | 79 |  |  | 199 |
Total income tax expense |  | $ | 185 |  | $ | 199 |  | $ | 344 |  | $ | 420 |
U.S. statutory income tax rate |  |  | 21 | % |  | 21 | % |  | 21 | % |  | 21 | %
State income taxes |  |  | 1 | % |  | 1 | % |  | 1 | % |  | 1 | %
Income tax credits |  |  | (4 | %) |  | — |  |  | (3 | %) |  | (2 | %)
Effective income tax rate |  |  | 18 | % |  | 22 | % |  | 19 | % |  | 20 | %

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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