v3.25.2
Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Oil, gas and NGL sales $ 4,048 $ 3,894 $ 8,598 $ 7,635
Oil, gas and NGL derivatives 236 23 138 (122)
Total revenues 4,284 3,917 8,736 7,513
Production expenses 899 788 1,811 1,539
Exploration expenses 20 3 30 12
Depreciation, depletion and amortization 914 768 1,826 1,490
Asset impairments 0 0 254 0
Asset dispositions (307) 15 (305) 16
General and administrative expenses 113 114 243 228
Financing costs, net 116 76 239 152
Other, net 11 5 38 27
Total expenses 3,123 2,877 6,929 5,705
Earnings before income taxes 1,161 1,040 1,807 1,808
Income tax expense 244 185 381 344
Net earnings 917 855 1,426 1,464
Net earnings attributable to noncontrolling interests 18 11 33 24
Net earnings attributable to Devon $ 899 $ 844 $ 1,393 $ 1,440
Net earnings per share:        
Basic net earnings per share $ 1.42 $ 1.35 $ 2.18 $ 2.29
Diluted net earnings per share $ 1.41 $ 1.34 $ 2.17 $ 2.29
Comprehensive earnings:        
Net earnings $ 917 $ 855 $ 1,426 $ 1,464
Other comprehensive earnings, net of tax:        
Pension and postretirement plans 1 1 2 2
Other comprehensive earnings, net of tax 1 1 2 2
Comprehensive earnings: 918 856 1,428 1,466
Comprehensive earnings attributable to noncontrolling interests 18 11 33 24
Comprehensive earnings attributable to Devon 900 845 1,395 1,442
Oil, Gas and NGL Sales [Member]        
Oil, gas and NGL sales 2,710 2,796 5,836 5,425
Marketing and Midstream Revenues [Member]        
Oil, gas and NGL sales 1,338 1,098 2,762 2,210
Marketing and Midstream Expenses [Member]        
Marketing and midstream expenses $ 1,357 $ 1,108 $ 2,793 $ 2,241