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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2024
Stockholders' Equity Note [Abstract] |
Summary of Purchases of Common Stock | The table below provides information regarding purchases of Devon’s common stock under the $5.0 billion share repurchase program (shares in thousands).
|  | Total Number of Shares Purchased |  |  | Dollar Value of Shares Purchased |  |  | Average Price Paid per Share |
$5.0 Billion Plan |  |  |  |  |  |  |  |  |
2021 |  |  | 13,983 |  |  | $ | 589 |  |  | $ | 42.15 |
2022 |  |  | 11,708 |  |  |  | 718 |  |  | $ | 61.36 |
2023: |  |  |  |  |  |  |  |  |
First quarter |  |  | 10,090 |  |  |  | 545 |  |  | $ | 53.96 |
Second quarter |  |  | 3,795 |  |  |  | 200 |  |  | $ | 52.70 |
Fourth quarter |  |  | 5,465 |  |  |  | 247 |  |  | $ | 45.17 |
2023 Total |  |  | 19,350 |  |  |  | 992 |  |  | $ | 51.23 |
2024: |  |  |  |  |  |  |  |  |
First quarter |  |  | 4,428 |  |  |  | 193 |  |  | $ | 43.47 |
Second quarter |  |  | 5,188 |  |  |  | 256 |  |  | $ | 49.40 |
Third quarter |  |  | 6,675 |  |  |  | 295 |  |  | $ | 44.23 |
2024 Total |  |  | 16,291 |  |  |  | 744 |  |  | $ | 45.67 |
Total plan |  |  | 61,332 |  |  | $ | 3,043 |  |  | $ | 49.62 |
Schedule of Dividends Payable | The following table summarizes Devon’s dividends for the first nine months of 2024 and 2023, respectively.
| Fixed |  |  | Variable |  |  | Total |  |  | Rate Per Share |
2024: |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 143 |  |  | $ | 156 |  |  | $ | 299 |  |  | $ | 0.44 |
Second quarter |  | 138 |  |  |  | 85 |  |  |  | 223 |  |  | $ | 0.35 |
Third quarter |  | 136 |  |  |  | 136 |  |  |  | 272 |  |  | $ | 0.44 |
Total year-to-date | $ | 417 |  |  | $ | 377 |  |  | $ | 794 |  |  |  |
2023: |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 133 |  |  | $ | 463 |  |  | $ | 596 |  |  | $ | 0.89 |
Second quarter |  | 128 |  |  |  | 334 |  |  |  | 462 |  |  | $ | 0.72 |
Third quarter |  | 127 |  |  |  | 185 |  |  |  | 312 |  |  | $ | 0.49 |
Total year-to-date | $ | 388 |  |  | $ | 982 |  |  | $ | 1,370 |  |  |  |

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