| 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 June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Total revenues |
|
$ |
7,417 |
|
|
$ |
4,284 |
|
|
$ |
11,224 |
|
|
$ |
8,736 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOE |
|
|
626 |
|
|
|
483 |
|
|
|
1,112 |
|
|
|
962 |
|
Gathering, processing & transportation |
|
|
391 |
|
|
|
219 |
|
|
|
582 |
|
|
|
423 |
|
Production and property taxes |
|
|
376 |
|
|
|
197 |
|
|
|
593 |
|
|
|
426 |
|
Total significant expenses |
|
|
1,393 |
|
|
|
899 |
|
|
|
2,287 |
|
|
|
1,811 |
|
Marketing and midstream expenses |
|
|
1,874 |
|
|
|
1,357 |
|
|
|
3,421 |
|
|
|
2,793 |
|
DD&A |
|
|
1,416 |
|
|
|
914 |
|
|
|
2,320 |
|
|
|
1,826 |
|
G&A |
|
|
175 |
|
|
|
113 |
|
|
|
300 |
|
|
|
243 |
|
Financing costs, net |
|
|
125 |
|
|
|
116 |
|
|
|
234 |
|
|
|
239 |
|
Income tax expense |
|
|
473 |
|
|
|
244 |
|
|
|
519 |
|
|
|
381 |
|
Other segment items (1) |
|
|
50 |
|
|
|
(276 |
) |
|
|
112 |
|
|
|
17 |
|
Total expenses |
|
|
5,506 |
|
|
|
3,367 |
|
|
|
9,193 |
|
|
|
7,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings |
|
$ |
1,911 |
|
|
$ |
917 |
|
|
$ |
2,031 |
|
|
$ |
1,426 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
70,893 |
|
|
$ |
31,390 |
|
|
$ |
70,893 |
|
|
$ |
31,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures, including acquisitions |
|
$ |
3,998 |
|
|
$ |
948 |
|
|
$ |
4,997 |
|
|
$ |
1,920 |
|
(1)Other segment items included in segment net earnings are exploration expenses, asset impairments, asset dispositions, restructuring and transaction costs and other, net.
|