XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.24.3

Summary of Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Accounting Policies [Abstract] |
Schedule of Components of Investment | The following table presents Devon's investments.
|  |  |  | Carrying Amount |
Investments |  | % Interest |  | September 30, 2024 |  |  | December 31, 2023 |
Catalyst |  | 50% |  | $ | 282 |  |  | $ | 311 |
Water JV |  | 30% |  |  | 216 |  |  |  | 216 |
Matterhorn |  | 12.5% |  |  | 90 |  |  |  | 90 |
Fervo |  | 14% |  |  | 77 |  |  |  | — |
Other |  | Various |  |  | 53 |  |  |  | 49 |
Total |  |  |  | $ | 718 |  |  | $ | 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Oil |  | $ | 2,273 |  |  | $ | 2,377 |  |  | $ | 6,875 |  |  | $ | 6,626 |
Gas |  |  | 49 |  |  |  | 189 |  |  |  | 234 |  |  |  | 524 |
NGL |  |  | 343 |  |  |  | 316 |  |  |  | 981 |  |  |  | 904 |
Oil, gas and NGL sales |  |  | 2,665 |  |  |  | 2,882 |  |  |  | 8,090 |  |  |  | 8,054 |
Oil |  |  | 815 |  |  |  | 795 |  |  |  | 2,423 |  |  |  | 2,260 |
Gas |  |  | 105 |  |  |  | 153 |  |  |  | 326 |  |  |  | 428 |
NGL |  |  | 212 |  |  |  | 200 |  |  |  | 593 |  |  |  | 577 |
Marketing and midstream revenues |  |  | 1,132 |  |  |  | 1,148 |  |  |  | 3,342 |  |  |  | 3,265 |
Total revenues from contracts with customers |  | $ | 3,797 |  |  | $ | 4,030 |  |  | $ | 11,432 |  |  | $ | 11,319 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the summary of investment holdings. + References No definition available. + Details
Name: | us-gaap_SummaryInvestmentHoldingsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration