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Investments (Tables)
12 Months Ended
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