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Summary Of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [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 |
Schedule of Revenue from Contracts with Customers Disaggregated Based on Type of Good | The following table presents revenue from contracts with customers that are disaggregated based on the type of good.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Oil |  | $ | 9,368 |  |  | $ | 8,879 |  |  | $ | 10,281 |
Gas |  |  | 398 |  |  |  | 703 |  |  |  | 1,948 |
NGL |  |  | 1,410 |  |  |  | 1,209 |  |  |  | 1,853 |
Oil, gas and NGL sales |  |  | 11,176 |  |  |  | 10,791 |  |  |  | 14,082 |
Oil |  |  | 3,405 |  |  |  | 3,018 |  |  |  | 3,305 |
Gas |  |  | 517 |  |  |  | 572 |  |  |  | 1,163 |
NGL |  |  | 821 |  |  |  | 759 |  |  |  | 1,277 |
Marketing and midstream revenues |  |  | 4,743 |  |  |  | 4,349 |  |  |  | 5,745 |
Total revenues from contracts with customers |  | $ | 15,919 |  |  | $ | 15,140 |  |  | $ | 19,827 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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