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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2025
Accounting Policies [Abstract] |
Schedule of Components of Investment | 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 |
Schedule of Revenue from Contracts with Customers | The following table presents revenue from contracts with customers that are disaggregated based on the type of good or service.
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Oil |  | $ | 2,414 |  |  | $ | 2,189 |
Gas |  |  | 309 |  |  |  | 128 |
NGL |  |  | 403 |  |  |  | 312 |
Oil, gas and NGL sales |  |  | 3,126 |  |  |  | 2,629 |
Oil |  |  | 918 |  |  |  | 807 |
Gas |  |  | 272 |  |  |  | 121 |
NGL |  |  | 234 |  |  |  | 184 |
Marketing and midstream revenues |  |  | 1,424 |  |  |  | 1,112 |
Total revenues from contracts with customers |  | $ | 4,550 |  |  | $ | 3,741 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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