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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following table presents Devon’s total income tax expense and a reconciliation of its effective income tax rate to the U.S. statutory income tax rate.


		Three Months Ended March 31,
		2025			2024
Earnings before income taxes		$	646		$	768

Current income tax expense		$	96		$	119
Deferred income tax expense			41			40
Total income tax expense		$	137		$	159

U.S. statutory income tax rate			21	%		21	%
State income taxes			1	%		1	%
Other			(1	%)		(1	%)
Effective income tax rate			21	%		21	%