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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash, cash equivalents and restricted cash $ 1,234 $ 846
Accounts receivable 2,036 1,972
Inventory 332 294
Other current assets 303 315
Total current assets 3,905 3,427
Oil and gas property and equipment, based on successful efforts accounting, net 23,429 23,198
Other property and equipment, net ($189 million and $178 million related to CDM in 2025 and 2024, respectively) [1] 1,653 1,813
Total property and equipment, net 25,082 25,011
Goodwill 753 753
Right-of-use assets 127 303
Investments 713 727
Other long-term assets 348 268
Total assets 30,928 30,489
LIABILITIES AND EQUITY    
Accounts payable 923 806
Revenues and royalties payable 1,588 1,432
Short-term debt 485 485
Other current liabilities 622 586
Total current liabilities 3,618 3,309
Long-term debt 8,395 8,398
Lease liabilities 77 320
Asset retirement obligations 835 770
Other long-term liabilities 1,041 840
Deferred income taxes 2,189 2,148
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 644 million and 651 million shares in 2025 and 2024, respectively 64 65
Additional paid-in capital 6,096 6,387
Retained earnings 8,506 8,166
Accumulated other comprehensive loss (121) (122)
Total stockholders’ equity attributable to Devon 14,545 14,496
Noncontrolling interests 228 208
Total equity 14,773 14,704
Total liabilities and equity $ 30,928 $ 30,489
[1] $189 million and $178 million related to CDM in 2025 and 2024, respectively.