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v3.25.2

Investments | 6 Months Ended
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Jun. 30, 2025
Investments [Abstract] |
Investments | Investments The following table presents Devon's investments shown on the consolidated balance sheets.
|  |  |  | Carrying Amount |
Investments |  | % Interest |  | June 30, 2025 |  |  | December 31, 2024 |
Catalyst |  | 50% |  | $ | 261 |  |  | $ | 273 |
Water JV |  | 30% |  |  | 223 |  |  |  | 216 |
Fervo |  | 17% |  |  | 108 |  |  |  | 115 |
Matterhorn |  | 12.5% |  |  | — |  |  |  | 69 |
Other |  | Various |  |  | 48 |  |  |  | 54 |
Total |  |  |  | $ | 640 |  |  | $ | 727 |
During the second quarter of 2025, Devon sold its investment in Matterhorn for $372 million and recognized a pre-tax gain of $307 million ($239 million, net of tax), which was recorded to asset dispositions in the accompanying consolidated statements of comprehensive earnings.

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