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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2024
Accounting Policies [Abstract] |
Schedule of Components of Investment | The following table presents Devon's investments.
|  |  |  | Carrying Amount |
Investments |  | % Interest |  | June 30, 2024 |  |  | December 31, 2023 |
Catalyst |  | 50% |  | $ | 291 |  |  | $ | 311 |
Water JV |  | 30% |  |  | 218 |  |  |  | 216 |
Matterhorn |  | 12.5% |  |  | 90 |  |  |  | 90 |
Fervo |  | 12% |  |  | 56 |  |  |  | — |
Other |  | Various |  |  | 49 |  |  |  | 49 |
Total |  |  |  | $ | 704 |  |  | $ | 666 |
Schedule of Revenue from Contracts with Customers | The following table presents revenue from contracts with customers that are disaggregated based on the type of good or service.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Oil |  | $ | 2,413 |  |  | $ | 2,106 |  |  | $ | 4,602 |  |  | $ | 4,249 |
Gas |  |  | 57 |  |  |  | 122 |  |  |  | 185 |  |  |  | 335 |
NGL |  |  | 326 |  |  |  | 265 |  |  |  | 638 |  |  |  | 588 |
Oil, gas and NGL sales |  |  | 2,796 |  |  |  | 2,493 |  |  |  | 5,425 |  |  |  | 5,172 |
Oil |  |  | 801 |  |  |  | 735 |  |  |  | 1,608 |  |  |  | 1,465 |
Gas |  |  | 100 |  |  |  | 123 |  |  |  | 221 |  |  |  | 275 |
NGL |  |  | 197 |  |  |  | 179 |  |  |  | 381 |  |  |  | 377 |
Marketing and midstream revenues |  |  | 1,098 |  |  |  | 1,037 |  |  |  | 2,210 |  |  |  | 2,117 |
Total revenues from contracts with customers |  | $ | 3,894 |  |  | $ | 3,530 |  |  | $ | 7,635 |  |  | $ | 7,289 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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