Acquisitions and Divestitures - Schedule of Preliminary Allocation of the Total Purchase Price (Details) - USD ($) $ / shares in Units, $ in Millions |
6 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Dec. 31, 2024 |
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| Consideration: | ||
| Devon common stock issued | 636,000,000 | 651,000,000 |
| GME | ||
| Consideration: | ||
| Devon common stock issued | 37.3 | |
| Devon closing price on September 27, 2024 | $ 38.96 | |
| Total common equity consideration | $ 1,455 | |
| Cash consideration | 3,567 | |
| Total consideration | 5,022 | |
| Assets acquired: | ||
| Cash, cash equivalents and restricted cash | 147 | |
| Accounts receivable | 219 | |
| Inventory | 44 | |
| Other current assets | 9 | |
| Proved oil and gas property and equipment | 3,056 | |
| Unproved oil and gas property and equipment | 1,771 | |
| Other property and equipment, net | 210 | |
| Right-of-use assets | 29 | |
| Total assets acquired | 5,485 | |
| Liabilities assumed: | ||
| Accounts payable | 145 | |
| Revenue and royalties payable | 209 | |
| Other current liabilities | 16 | |
| Asset retirement obligations | 75 | |
| Lease liabilities | 18 | |
| Total liabilities assumed | 463 | |
| Net assets acquired | $ 5,022 |
| X | ||||||||||
- Definition Business Combination Cash Consideration No definition available.
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- Definition Business combination recognized identifiable assets acquired and liabilities assumed asset retirement obligations. No definition available.
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- Definition Business combination recognized identifiable assets acquired and liabilities assumed proved oil and gas property and equipment. No definition available.
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- Definition Business combination recognized identifiable assets acquired and liabilities assumed right-of-use assets. No definition available.
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- Definition Business combination recognized identifiable assets acquired and liabilities assumed unproved and properties under development – oil and gas. No definition available.
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- Definition Price of a single share of a number of saleable stocks paid or offered to be paid in a business combination. No definition available.
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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- Definition Amount of lease obligation assumed in business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of other assets expected to be realized or consumed before one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred revenue expected to be recognized as such within one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of other liabilities due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of inventory recognized as of the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of assets expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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