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v3.25.1

Property, Plant and Equipment (Tables) | 3 Months Ended
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Mar. 31, 2025
Extractive Industries [Abstract] |
Table of Property and Equipment, net | The following table presents the aggregate capitalized costs related to Devon’s oil and gas and non-oil and gas activities.
|  | March 31, 2025 |  |  | December 31, 2024 |
Property and equipment: |  |  |  |  |  |
Proved |  | $ | 54,814 |  |  | $ | 53,647 |
Unproved and properties under development |  |  | 2,775 |  |  |  | 2,814 |
Total oil and gas |  |  | 57,589 |  |  |  | 56,461 |
Less accumulated DD&A |  |  | (34,160 | ) |  |  | (33,263 | )
Oil and gas property and equipment, net |  |  | 23,429 |  |  |  | 23,198 |
Other property and equipment |  |  | 2,510 |  |  |  | 2,671 |
Less accumulated DD&A |  |  | (857 | ) |  |  | (858 | )
Other property and equipment, net (1) |  |  | 1,653 |  |  |  | 1,813 |
Property and equipment, net |  | $ | 25,082 |  |  | $ | 25,011 |
(1) $189 million and $178 million related to CDM in 2025 and 2024, respectively.

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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