| 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.
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Total revenues |
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$ |
4,284 |
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$ |
3,917 |
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$ |
8,736 |
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$ |
7,513 |
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LOE |
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|
483 |
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383 |
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962 |
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763 |
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Gathering, processing & transportation |
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219 |
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197 |
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423 |
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377 |
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Production and property taxes |
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|
197 |
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208 |
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426 |
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399 |
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Total significant expenses |
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899 |
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788 |
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1,811 |
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1,539 |
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Marketing and midstream expenses |
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1,357 |
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1,108 |
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2,793 |
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2,241 |
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DD&A |
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914 |
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|
768 |
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1,826 |
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1,490 |
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G&A |
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113 |
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114 |
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243 |
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228 |
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Financing costs, net |
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116 |
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76 |
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|
239 |
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152 |
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Income tax expense |
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|
244 |
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|
185 |
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|
381 |
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|
344 |
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Other segment items (1) |
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(276 |
) |
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23 |
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17 |
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|
55 |
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Total expenses |
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3,367 |
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3,062 |
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7,310 |
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6,049 |
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Net earnings |
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$ |
917 |
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$ |
855 |
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$ |
1,426 |
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$ |
1,464 |
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Total assets |
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$ |
31,390 |
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$ |
25,162 |
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$ |
31,390 |
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$ |
25,162 |
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Capital expenditures, including acquisitions |
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$ |
948 |
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$ |
971 |
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$ |
1,920 |
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$ |
1,916 |
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(1)Other segment items included in segment net earnings are exploration expenses, asset impairments, asset dispositions and other, net.
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