Leases (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Right-of-use Assets and Lease Liabilities

The following table presents Devon’s right-of-use assets and lease liabilities as of March 31, 2026 and December 31, 2025.


	March 31, 2026						December 31, 2025
	Finance		Operating		Total		Finance		Operating		Total
Right-of-use assets	$	32	$	280	$	312	$	23	$	276	$	299
Lease liabilities:
Current lease liabilities (1)	$	8	$	95	$	103	$	7	$	95	$	102
Long-term lease liabilities		21		185		206		16		181		197
Total lease liabilities (2)	$	29	$	280	$	309	$	23	$	276	$	299

(1)

Current lease liabilities are included in other current liabilities on the consolidated balance sheets.

(2)

Devon has entered into certain leases of equipment related to the exploration, development and production of oil and gas that had terms not yet commenced as of March 31, 2026 and are therefore excluded from the amounts shown above.