Devon’s operating lease right-of-use assets relate to real estate, drilling rigs and other equipment related to the exploration, development and production of oil and gas. Devon’s financing lease right-of-use assets primarily relate to equipment related to the exploration, development and production of oil and gas.

The following table presents Devon’s right-of-use assets and lease liabilities as of June 30, 2026 and December 31, 2025.


	June 30, 2026						December 31, 2025
	Finance		Operating		Total		Finance		Operating		Total
Right-of-use assets	$	47	$	462	$	509	$	23	$	276	$	299
Lease liabilities:
Current lease liabilities (1)	$	10	$	139	$	149	$	7	$	95	$	102
Long-term lease liabilities		30		326		356		16		181		197
Total lease liabilities (2)	$	40	$	465	$	505	$	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 June 30, 2026 and are therefore excluded from the amounts shown above.