v3.25.2
Asset Retirement Obligations (Tables)
6 Months Ended
Jun. 30, 2025
Asset Retirement Obligation Disclosure [Abstract]  
Summary of Changes in Asset Retirement Obligations

The following table presents the changes in Devon’s asset retirement obligations.

 

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

Asset retirement obligations as of beginning of period

 

$

807

 

 

$

665

 

Liabilities incurred

 

 

21

 

 

 

15

 

Liabilities settled and divested

 

 

(22

)

 

 

(16

)

Revision and reclassification of estimated obligation

 

 

55

 

 

 

35

 

Accretion expense on discounted obligation

 

 

24

 

 

 

18

 

Asset retirement obligations as of end of period

 

 

885

 

 

 

717

 

Less current portion

 

 

46

 

 

 

26

 

Asset retirement obligations, long-term

 

$

839

 

 

$

691