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Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Oil, gas and NGL sales $ 3,894 $ 3,530 $ 7,635 $ 7,289
Oil, gas and NGL derivatives 23 (76) (122) (12)
Total revenues 3,917 3,454 7,513 7,277
Production expenses 788 719 1,539 1,412
Exploration expenses 3 10 12 13
Depreciation, depletion and amortization 768 638 1,490 1,253
Asset dispositions 15 (41) 16 (41)
General and administrative expenses 114 92 228 198
Financing costs, net 76 78 152 150
Other, net 5 10 27 15
Total expenses 2,877 2,557 5,705 5,156
Earnings before income taxes 1,040 897 1,808 2,121
Income tax expense 185 199 344 420
Net earnings 855 698 1,464 1,701
Net earnings attributable to noncontrolling interests 11 8 24 16
Net earnings attributable to Devon $ 844 $ 690 $ 1,440 $ 1,685
Net earnings per share:        
Basic net earnings per share $ 1.35 $ 1.08 $ 2.29 $ 2.61
Diluted net earnings per share $ 1.34 $ 1.07 $ 2.29 $ 2.6
Comprehensive earnings:        
Net earnings $ 855 $ 698 $ 1,464 $ 1,701
Other comprehensive earnings, net of tax:        
Pension and postretirement plans 1 1 2 2
Other comprehensive earnings, net of tax 1 1 2 2
Comprehensive earnings: 856 699 1,466 1,703
Comprehensive earnings attributable to noncontrolling interests 11 8 24 16
Comprehensive earnings attributable to Devon 845 691 1,442 1,687
Oil, Gas and NGL Sales [Member]        
Oil, gas and NGL sales 2,796 2,493 5,425 5,172
Marketing and Midstream Revenues [Member]        
Oil, gas and NGL sales 1,098 1,037 2,210 2,117
Marketing and Midstream Expenses [Member]        
Expenses $ 1,108 $ 1,051 $ 2,241 $ 2,156