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Share-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule Of Share-Based Compensation Expense Included In The Consolidated Statements Of Comprehensive Earnings | The table below presents the share-based compensation expense included in Devon’s accompanying consolidated statements of comprehensive earnings.
|  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |
G&A |  | $ | 46 |  |  | $ | 50 |
Exploration expenses |  |  | — |  |  |  | 1 |
Restructuring and transaction costs |  |  | 7 |  |  |  | — |
Total |  | $ | 53 |  |  | $ | 51 |
Related income tax benefit |  | $ | 8 |  |  | $ | 18 |
Summary Of Unvested Restricted Stock Awards, Performance-Based Restricted Stock Awards And Performance Share Units | The following table presents a summary of Devon’s unvested restricted stock awards and units and performance share units granted under the plan.
|  | Restricted Stock Awards & Units |  |  | Performance Share Units |
|  | Awards/Units |  |  | Weighted Average Grant-Date Fair Value |  |  | Units |  |  | Weighted Average Grant-Date Fair Value |
|  | (Thousands, except fair value data) |
Unvested at 12/31/24 |  |  | 4,107 |  |  | $ | 45.31 |  |  |  | 1,179 |  |  | $ | 67.38 |
Granted |  |  | 2,530 |  |  | $ | 34.17 |  |  |  | 510 |  |  | $ | 45.92 |
Vested |  |  | (1,690 | ) |  | $ | 40.25 |  |  |  | (272 | ) |  | $ | 68.68 |
Forfeited |  |  | (127 | ) |  | $ | 40.82 |  |  |  | (110 | ) |  | $ | 66.68 |
Unvested at 6/30/25 |  |  | 4,820 |  |  | $ | 41.35 |  |  |  | 1,307 |  | (1) | $ | 58.79 |
A maximum of 2.6 million common shares could be awarded based upon Devon’s final TSR ranking.
Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions | The following table presents the assumptions related to the performance share units granted in 2025, as indicated in the previous summary table.
|  | 2025 |
Grant-date fair value |  | $ | 45.92 |
Risk-free interest rate |  |  | 4.29 | %
Volatility factor |  |  | 38.70 | %
Contractual term (years) |  |  | 2.89 |
Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition | The following table presents a summary of the unrecognized compensation cost and the related weighted average recognition period associated with unvested awards and units as of June 30, 2025.
|  | Restricted Stock |  |  | Performance |
|  | Awards/Units |  |  | Share Units |
Unrecognized compensation cost |  | $ | 140 |  |  | $ | 26 |
Weighted average period for recognition (years) |  |  | 2.8 |  |  |  | 2.2 |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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