v3.26.1
Reportable Segments (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
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.

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Total revenues

 

$

3,807

 

 

$

4,452

 

 

 

 

 

 

 

 

LOE

 

 

486

 

 

 

479

 

Gathering, processing & transportation

 

 

191

 

 

 

204

 

Production and property taxes

 

 

217

 

 

 

229

 

Total significant expenses

 

 

894

 

 

 

912

 

Marketing and midstream expenses

 

 

1,547

 

 

 

1,436

 

DD&A

 

 

904

 

 

 

912

 

G&A

 

 

125

 

 

 

130

 

Financing costs, net

 

 

109

 

 

 

123

 

Income tax expense

 

 

46

 

 

 

137

 

Other segment items (1)

 

 

62

 

 

 

293

 

Total expenses

 

 

3,687

 

 

 

3,943

 

 

 

 

 

 

 

 

Net earnings

 

$

120

 

 

$

509

 

 

 

 

 

 

 

 

Total assets

 

$

32,543

 

 

$

30,928

 

 

 

 

 

 

 

 

Capital expenditures, including acquisitions

 

$

999

 

 

$

972

 
(1)
Other segment items included in segment net earnings are exploration expenses, asset impairments, asset dispositions, restructuring and transaction costs and other, net.