v3.26.1
Consolidated Statements of Comprehensive Earnings (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Oil, gas and NGL sales $ 4,508 $ 4,550
Oil, gas and NGL derivatives (701) (98)
Total revenues 3,807 4,452
Production expenses 894 912
Exploration expenses 25 10
Depreciation, depletion and amortization 904 912
Asset impairments 0 254
Asset dispositions 1 2
General and administrative expenses 125 130
Financing costs, net 109 123
Restructuring and transaction costs 19 18
Other, net 17 9
Total expenses 3,641 3,806
Earnings before income taxes 166 646
Income tax expense 46 137
Net earnings 120 509
Net earnings attributable to noncontrolling interests 0 15
Net earnings attributable to Devon $ 120 $ 494
Net earnings per share:    
Basic net earnings per share $ 0.19 $ 0.77
Diluted net earnings per share $ 0.19 $ 0.77
Comprehensive earnings (loss):    
Net earnings $ 120 $ 509
Other comprehensive earnings (loss), net of tax:    
Pension and postretirement plans 1 1
Other comprehensive earnings (loss), net of tax 1 1
Comprehensive earnings: 121 510
Comprehensive earnings attributable to noncontrolling interests 0 15
Comprehensive earnings attributable to Devon 121 495
Oil, Gas and NGL Sales [Member]    
Oil, gas and NGL sales 2,977 3,126
Marketing and Midstream Revenues [Member]    
Oil, gas and NGL sales 1,531 1,424
Marketing and Midstream Expenses [Member]    
Marketing and midstream expenses $ 1,547 $ 1,436