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Stockholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2025
Stockholders' Equity Note [Abstract] |
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: |  |  |  |  |  |  |  |  |
First quarter |  |  | 4,428 |  |  |  | 193 |  |  | $ | 43.47 |
Second quarter |  |  | 5,188 |  |  |  | 256 |  |  | $ | 49.40 |
Third quarter |  |  | 6,675 |  |  |  | 295 |  |  | $ | 44.23 |
Fourth quarter |  |  | 7,653 |  |  |  | 300 |  |  | $ | 39.22 |
2024 Total |  |  | 23,944 |  |  |  | 1,044 |  |  | $ | 43.61 |
2025: |  |  |  |  |  |  |  |  |
First quarter |  |  | 8,505 |  |  |  | 301 |  |  | $ | 35.33 |
Total plan |  |  | 77,490 |  |  | $ | 3,644 |  |  | $ | 47.02 |
Schedule of Dividends Payable | The following table summarizes Devon’s dividends for the first quarter of 2025 and 2024, respectively.
| Dividends |  |  | Rate Per Share |
2025: |  |  |  |  |
First quarter | $ | 163 |  |  | $ | 0.24 |
2024: |  |  |  |  |
First quarter (1) | $ | 299 |  |  | $ | 0.44 |
(1) In the first quarter of 2024, Devon paid a variable dividend of $0.22 per share for a total of $156 million in addition to its fixed dividend.

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