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v3.25.1

Investments | 3 Months Ended
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Mar. 31, 2025
Investments [Abstract] |
Investments | Investments The following table presents Devon's investments shown on the consolidated balance sheets.
|  |  |  | Carrying Amount |
Investments |  | % Interest |  | March 31, 2025 |  |  | December 31, 2024 |
Catalyst |  | 50% |  | $ | 266 |  |  | $ | 273 |
Water JV |  | 30% |  |  | 218 |  |  |  | 216 |
Fervo |  | 17% |  |  | 113 |  |  |  | 115 |
Matterhorn |  | 12.5% |  |  | 69 |  |  |  | 69 |
Other |  | Various |  |  | 47 |  |  |  | 54 |
Total |  |  |  | $ | 713 |  |  | $ | 727 |
On May 5, 2025, Devon agreed to sell its investment in Matterhorn for approximately $375 million. The transaction is expected to close by the end of the second quarter, subject to customary closing conditions.

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