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Reportable Segments (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Reconciliations of Net Earnings to EBITDAX and Field-Level Cash Margin | The following table reflects Devon's net earnings, assets and capital expenditures for the time periods presented below.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Total revenues |  | $ | 4,284 |  |  | $ | 3,917 |  |  | $ | 8,736 |  |  | $ | 7,513 |
LOE |  |  | 483 |  |  |  | 383 |  |  |  | 962 |  |  |  | 763 |
Gathering, processing & transportation |  |  | 219 |  |  |  | 197 |  |  |  | 423 |  |  |  | 377 |
Production and property taxes |  |  | 197 |  |  |  | 208 |  |  |  | 426 |  |  |  | 399 |
Total significant expenses |  |  | 899 |  |  |  | 788 |  |  |  | 1,811 |  |  |  | 1,539 |
Marketing and midstream expenses |  |  | 1,357 |  |  |  | 1,108 |  |  |  | 2,793 |  |  |  | 2,241 |
DD&A |  |  | 914 |  |  |  | 768 |  |  |  | 1,826 |  |  |  | 1,490 |
G&A |  |  | 113 |  |  |  | 114 |  |  |  | 243 |  |  |  | 228 |
Financing costs, net |  |  | 116 |  |  |  | 76 |  |  |  | 239 |  |  |  | 152 |
Income tax expense |  |  | 244 |  |  |  | 185 |  |  |  | 381 |  |  |  | 344 |
Other segment items (1) |  |  | (276 | ) |  |  | 23 |  |  |  | 17 |  |  |  | 55 |
Total expenses |  |  | 3,367 |  |  |  | 3,062 |  |  |  | 7,310 |  |  |  | 6,049 |
Net earnings |  | $ | 917 |  |  | $ | 855 |  |  | $ | 1,426 |  |  | $ | 1,464 |
Total assets |  | $ | 31,390 |  |  | $ | 25,162 |  |  | $ | 31,390 |  |  | $ | 25,162 |
Capital expenditures, including acquisitions |  | $ | 948 |  |  | $ | 971 |  |  | $ | 1,920 |  |  | $ | 1,916 |
(1) Other segment items included in segment net earnings are exploration expenses, asset impairments, asset dispositions and other, net.

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