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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash, cash equivalents and restricted cash $ 846 $ 875
Accounts receivable 1,972 1,573
Inventory 294 249
Other current assets 315 460
Total current assets 3,427 3,157
Oil and gas property and equipment, based on successful efforts accounting, net 23,198 17,825
Other property and equipment, net ($178 million and $136 million related to CDM in 2024 and 2023, respectively) [1] 1,813 1,503
Total property and equipment, net 25,011 19,328
Goodwill 753 753
Right-of-use assets 303 267
Investments 727 666
Other long-term assets 268 319
Total assets 30,489 24,490
LIABILITIES AND EQUITY    
Accounts payable 806 760
Revenues and royalties payable 1,432 1,222
Short-term debt 485 483
Other current liabilities 586 484
Total current liabilities 3,309 2,949
Long-term debt 8,398 5,672
Lease liabilities 320 295
Asset retirement obligations 770 643
Other long-term liabilities 840 876
Deferred income taxes 2,148 1,838
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 651 million and 636 million shares in 2024 and 2023, respectively 65 64
Additional paid-in capital 6,387 5,939
Retained earnings 8,166 6,195
Accumulated other comprehensive loss (122) (124)
Treasury stock, at cost, 0.3 million shares in 2023 0 (13)
Total stockholders’ equity attributable to Devon 14,496 12,061
Noncontrolling interests 208 156
Total equity 14,704 12,217
Total liabilities and equity $ 30,489 $ 24,490
[1] $178 million and $136 million related to CDM in 2024 and 2023, respectively.