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Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Oil, gas and NGL sales $ 3,797 $ 4,030 $ 11,432 $ 11,319
Oil, gas and NGL derivatives 227 (194) 105 (206)
Total revenues 4,024 3,836 11,537 11,113
Production expenses 763 757 2,302 2,169
Exploration expenses 4 3 16 16
Depreciation, depletion and amortization 794 651 2,284 1,904
Asset dispositions 0 0 16 (41)
General and administrative expenses 117 99 345 297
Financing costs, net 88 81 240 231
Restructuring and transaction costs 8 0 8 0
Other, net 37 13 64 28
Total expenses 2,960 2,764 8,665 7,920
Earnings before income taxes 1,064 1,072 2,872 3,193
Income tax expense 239 152 583 572
Net earnings 825 920 2,289 2,621
Net earnings attributable to noncontrolling interests 13 10 37 26
Net earnings attributable to Devon $ 812 $ 910 $ 2,252 $ 2,595
Net earnings per share:        
Basic net earnings per share $ 1.31 $ 1.43 $ 3.6 $ 4.05
Diluted net earnings per share $ 1.3 $ 1.42 $ 3.59 $ 4.03
Comprehensive earnings:        
Net earnings $ 825 $ 920 $ 2,289 $ 2,621
Other comprehensive earnings, net of tax:        
Pension and postretirement plans 1 1 3 3
Other comprehensive earnings, net of tax 1 1 3 3
Comprehensive earnings: 826 921 2,292 2,624
Comprehensive earnings attributable to noncontrolling interests 13 10 37 26
Comprehensive earnings attributable to Devon 813 911 2,255 2,598
Oil, Gas and NGL Sales [Member]        
Oil, gas and NGL sales 2,665 2,882 8,090 8,054
Marketing and Midstream Revenues [Member]        
Oil, gas and NGL sales 1,132 1,148 3,342 3,265
Marketing and Midstream Expenses [Member]        
Expenses $ 1,149 $ 1,160 $ 3,390 $ 3,316