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Acquisitions and Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Acquisition [Line Items] |
Schedule of Preliminary Allocation of the Total Purchase Price | The following table represents the preliminary allocation of the total purchase price of Grayson Mill to the identifiable assets acquired and the liabilities assumed based on the fair values as of the acquisition date.
|  | Purchase |
|  | Price Allocation |
|  | as of December 31, 2024 |
Consideration: |  |  |
Devon common stock issued |  |  | 37.3 |
Devon closing price on September 27, 2024 |  | $ | 38.96 |
Total common equity consideration |  | $ | 1,455 |
Cash consideration |  |  | 3,567 |
Total consideration |  | $ | 5,022 |
Assets acquired: |  |  |
Cash, cash equivalents and restricted cash |  | $ | 147 |
Accounts receivable |  |  | 219 |
Inventory |  |  | 44 |
Other current assets |  |  | 9 |
Proved oil and gas property and equipment |  |  | 3,056 |
Unproved oil and gas property and equipment |  |  | 1,771 |
Other property and equipment, net |  |  | 210 |
Right-of-use assets |  |  | 29 |
Total assets acquired |  | $ | 5,485 |
Liabilities assumed: |  |  |
Accounts payable |  | $ | 145 |
Revenue and royalties payable |  |  | 209 |
Other current liabilities |  |  | 16 |
Asset retirement obligations |  |  | 75 |
Lease liabilities |  |  | 18 |
Total liabilities assumed |  |  | 463 |
Net assets acquired |  | $ | 5,022 |
Schedule of Pro Forma Adjustments to Confirm Acquisition | The unaudited pro forma financial information is not necessarily indicative of what would have occurred if the acquisition had been completed as of the beginning of the periods presented, nor is it indicative of future results.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |
Total revenues |  | $ | 17,930 |  |  | $ | 17,483 |
Net earnings |  | $ | 3,166 |  |  | $ | 4,083 |
GME Revenues and Earnings [Member] |
Business Acquisition [Line Items] |
Schedule of Grayson Mills revenues and earnings | From the date of the acquisition through December 31, 2024, revenues and net earnings included in Devon's consolidated statements of comprehensive earnings associated with these assets totaled $687 million and $122 million, respectively.

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