v3.26.1
Acquisitions and Divestitures - Schedule of Preliminary Allocation of the Total Purchase Price (Details)
$ / shares in Units, shares in Millions, $ in Millions
 6 Months Ended
Jun. 30, 2026
USD ($)
$ / shares
shares
Dec. 31, 2025
shares
Consideration:    
Devon common stock issued | shares 1,150.0 622.0
Coterra    
Consideration:    
Coterra common stock outstanding | shares 759.4  
Exchange Ratio 0.7  
Devon common stock issued | shares 531.6  
Devon closing price on May 6, 2026 | $ / shares $ 46.6  
Total common equity consideration $ 24,772  
Share-based replacement rewards 174  
Total consideration 24,946  
Assets acquired:    
Cash, cash equivalents and restricted cash 581  
Accounts receivable 1,110  
Inventory 31  
Other current assets 204  
Proved oil and gas property and equipment 20,356  
Unproved and properties under development 14,099  
Other property and equipment, net 505  
Right-of-use assets 131  
Investments 100  
Other long-term assets 133  
Total assets acquired 37,250  
Liabilities assumed:    
Accounts payable 723  
Revenue and royalties payable 478  
Short-term debt 249  
Income taxes payable 27  
Other current liabilities 425  
Long-term debt 3,256  
Lease liabilities 100  
Asset retirement obligations 164  
Other long-term liabilities 192  
Deferred income taxes 6,690  
Total liabilities assumed 12,304  
Net assets acquired $ 24,946