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v3.25.1

Acquisitions and Divestitures - Schedule of Preliminary Allocation of the Total Purchase Price (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended |
--- | --- | ---
Mar. 31, 2025 | Dec. 31, 2024
Consideration: |  |
Devon common stock issued | 644,000,000 | 651,000,000
GME |  |
Consideration: |  |
Devon common stock issued | 37.3 |
Devon closing price on September 27, 2024 | $ 38.96 |
Total common equity consideration | $ 1,455 |
Cash consideration | 3,567 |
Total consideration | 5,022 |
Assets acquired: |  |
Cash, cash equivalents and restricted cash | 147 |
Accounts receivable | 219 |
Inventory | 44 |
Other current assets | 9 |
Proved oil and gas property and equipment | 3,056 |
Unproved oil and gas property and equipment | 1,771 |
Other property and equipment, net | 210 |
Right-of-use assets | 29 |
Total assets acquired | 5,485 |
Liabilities assumed: |  |
Accounts payable | 145 |
Revenue and royalties payable | 209 |
Other current liabilities | 16 |
Asset retirement obligations | 75 |
Lease liabilities | 18 |
Total liabilities assumed | 463 |
Net assets acquired | $ 5,022 |

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