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Investments (Tables) | 12 Months Ended
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Dec. 31, 2024
Investments [Abstract] |
Schedule of Components of Investment | The following table presents Devon's investments that are shown on the consolidated balance sheet.
|  |  |  | Carrying Amount |
Investments |  | % Interest |  | December 31, 2024 |  |  | December 31, 2023 |
Catalyst |  | 50% |  | $ | 273 |  |  | $ | 311 |
Water JV |  | 30% |  |  | 216 |  |  |  | 216 |
Fervo |  | 17% |  |  | 115 |  |  |  | — |
Matterhorn |  | 12.5% |  |  | 69 |  |  |  | 90 |
Other |  | Various |  |  | 54 |  |  |  | 49 |
Total |  |  |  | $ | 727 |  |  | $ | 666 |
Schedule of Additional Investment Information | The impact from these services on Devon’s consolidated statements of comprehensive earnings and consolidated balance sheets for the years ended and as of December 31, 2024 and 2023, respectively, relate primarily to Catalyst and are summarized below.
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Oil, gas and NGL sales |  | $ | 284 |  |  | $ | 213 |  |  | $ | 405 |
Production expenses |  | $ | 131 |  |  | $ | 93 |  |  | $ | 55 |
Accounts receivable |  | $ | 18 |  |  | $ | 11 |  |  | $ | 14 |

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