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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Stockholders' Equity [Table]

Summary of Purchases of Common Stock

The table below provides information regarding purchases of Devon’s common stock under the $5.0 billion share repurchase program (shares in thousands).

		Total Number of Shares Purchased				Dollar Value of Shares Purchased				Average Price Paid per Share
$5.0 Billion Plan
2021			13,983			$	589			$	42.15
2022			11,708				718			$	61.36
2023			19,350				992			$	51.23
2024			23,944				1,044			$	43.61
Total plan			68,985			$	3,343			$	48.46

Schedule of Dividends Payable

The following table summarizes the dividends Devon has paid on its common stock in 2024, 2023 and 2022, respectively.

	Fixed				Variable				Total				Rate Per Share
2024:
First quarter	$	143			$	156			$	299			$	0.44
Second quarter		138				85				223			$	0.35
Third quarter		136				136				272			$	0.44
Fourth quarter		143				—				143			$	0.22
Total year-to-date	$	560			$	377			$	937
2023:
First quarter	$	133			$	463			$	596			$	0.89
Second quarter		128				334				462			$	0.72
Third quarter		127				185				312			$	0.49
Fourth quarter		127				361				488			$	0.77
Total year-to-date	$	515			$	1,343			$	1,858
2022:
First quarter	$	109			$	558			$	667			$	1.00
Second quarter		105				725				830			$	1.27
Third quarter		117				890				1,007			$	1.55
Fourth quarter		117				758				875			$	1.35
Total year-to-date	$	448			$	2,931			$	3,379

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