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Asset Retirement Obligations (Tables)

9 Months Ended

Sep. 30, 2024

Asset Retirement Obligation Disclosure [Abstract]

Summary of Changes in Asset Retirement Obligations

The following table presents the changes in Devon’s asset retirement obligations.

		Nine Months Ended September 30,
		2024				2023
Asset retirement obligations as of beginning of period		$	665			$	529
Assumed Grayson Mill obligations			75				—
Liabilities incurred			21				104
Liabilities settled and divested			(25	)			(24	)
Revision of estimated obligation			35				27
Accretion expense on discounted obligation			28				21
Asset retirement obligations as of end of period			799				657
Less current portion			34				16
Asset retirement obligations, long-term		$	765			$	641

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- References

No definition available.

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- Definition

Tabular disclosure of the carrying amount of a liability for asset retirement obligations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 410
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481850/410-20-50-1

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