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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2025
Stockholders' Equity Note [Abstract] |
Summary of Purchases of Common Stock | The table below provides information regarding purchases of Devon’s common stock under the $5.0 billion share repurchase program (shares in thousands).
|  | Total Number of Shares Purchased |  |  | Dollar Value of Shares Purchased |  |  | Average Price Paid per Share |
$5.0 Billion Plan |  |  |  |  |  |  |  |  |
2021 |  |  | 13,983 |  |  | $ | 589 |  |  | $ | 42.15 |
2022 |  |  | 11,708 |  |  |  | 718 |  |  | $ | 61.36 |
2023 |  |  | 19,350 |  |  |  | 992 |  |  | $ | 51.23 |
2024: |  |  |  |  |  |  |  |  |
First quarter |  |  | 4,428 |  |  |  | 193 |  |  | $ | 43.47 |
Second quarter |  |  | 5,188 |  |  |  | 256 |  |  | $ | 49.40 |
Third quarter |  |  | 6,675 |  |  |  | 295 |  |  | $ | 44.23 |
Fourth quarter |  |  | 7,653 |  |  |  | 300 |  |  | $ | 39.22 |
2024 Total |  |  | 23,944 |  |  |  | 1,044 |  |  | $ | 43.61 |
2025: |  |  |  |  |  |  |  |  |
First quarter |  |  | 8,505 |  |  |  | 301 |  |  | $ | 35.33 |
Second quarter |  |  | 7,866 |  |  |  | 249 |  |  | $ | 31.78 |
2025 Total |  |  | 16,371 |  |  |  | 550 |  |  | $ | 33.62 |
Total plan |  |  | 85,356 |  |  | $ | 3,893 |  |  | $ | 45.62 |
Schedule of Dividends Payable | The following table summarizes Devon’s dividends for the first six months of 2025 and 2024, respectively.
| Dividends |  |  | Rate Per Share |
2025: |  |  |  |  |
First quarter | $ | 163 |  |  | $ | 0.24 |
Second quarter |  | 156 |  |  | $ | 0.24 |
Total year-to-date | $ | 319 |  |  |  |
2024: |  |  |  |  |
First quarter | $ | 299 |  |  | $ | 0.44 |
Second quarter |  | 223 |  |  | $ | 0.35 |
Total year-to-date (1) | $ | 522 |  |  |  |
(1) During the first six months of 2024, Devon paid variable dividends totaling $241 million in addition to its recurring fixed dividend.

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- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-4 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481549/505-30-45-1 + Details
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