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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Commitments and Contingencies

The following table presents Devon’s commitments that have initial or remaining noncancelable terms in excess of one year as of December 31, 2024.

Year Ending December 31,

 

Drilling and Facility Obligations(1)

 

 

Operational
 Agreements(1)

 

 

Office and Equipment Leases and Other

 

2025

 

$

142

 

 

$

594

 

 

$

128

 

2026

 

 

19

 

 

 

534

 

 

 

159

 

2027

 

 

23

 

 

 

465

 

 

 

118

 

2028

 

 

36

 

 

 

451

 

 

 

105

 

2029

 

 

4

 

 

 

401

 

 

 

86

 

Thereafter

 

 

—

 

 

 

1,289

 

 

 

432

 

Total

 

$

224

 

 

$

3,734

 

 

$

1,028

 

 

(1)
Total costs incurred under take-or-pay and throughput obligations were approximately $800 million, $750 million and $650 million in 2024, 2023 and 2022, respectively.