v3.26.1
Consolidated Statements of Comprehensive Earnings (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Oil, gas and NGL sales $ 7,003 $ 4,048 $ 11,511 $ 8,598
Oil, gas and NGL derivatives 414 236 (287) 138
Total revenues 7,417 4,284 11,224 8,736
Production expenses 1,393 899 2,287 1,811
Exploration expenses 16 20 41 30
Depreciation, depletion and amortization 1,416 914 2,320 1,826
Asset impairments 0 0 0 254
Asset dispositions (25) (307) (24) (305)
General and administrative expenses 175 113 300 243
Financing costs, net 125 116 234 239
Restructuring and transaction costs 246 9 265 27
Other, net (187) 2 (170) 11
Total expenses 5,033 3,123 8,674 6,929
Earnings before income taxes 2,384 1,161 2,550 1,807
Income tax expense 473 244 519 381
Net earnings 1,911 917 2,031 1,426
Net earnings attributable to noncontrolling interests 0 18 0 33
Net earnings attributable to Devon $ 1,911 $ 899 $ 2,031 $ 1,393
Net earnings per share:        
Basic net earnings per share $ 2.04 $ 1.42 $ 2.61 $ 2.18
Diluted net earnings per share $ 2.03 $ 1.41 $ 2.6 $ 2.17
Comprehensive earnings:        
Net earnings $ 1,911 $ 917 $ 2,031 $ 1,426
Other comprehensive earnings, net of tax:        
Pension and postretirement plans 1 1 2 2
Other comprehensive earnings (loss), net of tax 1 1 2 2
Comprehensive earnings: 1,912 918 2,033 1,428
Comprehensive earnings attributable to noncontrolling interests 0 18 0 33
Comprehensive earnings attributable to Devon 1,912 900 2,033 1,395
Oil, Gas and NGL Sales [Member]        
Oil, gas and NGL sales 5,106 2,710 8,083 5,836
Marketing and Midstream Revenues [Member]        
Oil, gas and NGL sales 1,897 1,338 3,428 2,762
Marketing and Midstream Expenses [Member]        
Marketing and midstream expenses $ 1,874 $ 1,357 $ 3,421 $ 2,793