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v3.24.2.u1

Property, Plant and Equipment | 6 Months Ended
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Jun. 30, 2024
Extractive Industries [Abstract] |
Property, Plant and Equipment | Property, Plan t and Equipment The following table presents the aggregate capitalized costs related to Devon’s oil and gas and non-oil and gas activities.
|  | June 30, 2024 |  |  | December 31, 2023 |
Property and equipment: |  |  |  |  |  |
Proved |  | $ | 48,402 |  |  | $ | 46,659 |
Unproved and properties under development |  |  | 1,370 |  |  |  | 1,279 |
Total oil and gas |  |  | 49,772 |  |  |  | 47,938 |
Less accumulated DD&A |  |  | (31,556 | ) |  |  | (30,113 | )
Oil and gas property and equipment, net |  |  | 18,216 |  |  |  | 17,825 |
Other property and equipment |  |  | 2,386 |  |  |  | 2,289 |
Less accumulated DD&A |  |  | (817 | ) |  |  | (786 | )
Other property and equipment, net (1) |  |  | 1,569 |  |  |  | 1,503 |
Property and equipment, net |  | $ | 19,785 |  |  | $ | 19,328 |
(1) $159 million and $136 million related to CDM in 2024 and 2023, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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