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Summary Of Significant Accounting Policies (Tables)

12 Months Ended

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