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Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues from contracts with customers $ 4,030 $ 5,184 $ 11,319 $ 15,475
Oil, gas and NGL derivatives (194) 248 (206) (605)
Total revenues 3,836 5,432 11,113 14,870 Close
Production expenses 757 735 2,169 2,082
Exploration expenses 3 4 16 16
Depreciation, depletion and amortization 651 581 1,904 1,598
Asset dispositions 0 0 (41) (15)
General and administrative expenses 99 95 297 273
Financing costs, net 81 67 231 236
Other, net 13 (40) 28 (91)
Total expenses 2,764 2,967 7,920 8,648 Close
Earnings before income taxes 1,072 2,465 3,193 6,222 Close
Income tax expense 152 565 572 1,389 Close
Net earnings 920 1,900 2,621 4,833 Close
Net earnings attributable to noncontrolling interests 10 7 26 19
Net earnings attributable to Devon $ 910 $ 1,893 $ 2,595 $ 4,814
Net earnings per share:        
Basic net earnings per share $ 1.43 $ 2.89 $ 4.05 $ 7.3
Diluted net earnings per share $ 1.42 $ 2.88 $ 4.03 $ 7.28
Comprehensive earnings:        
Net earnings $ 920 $ 1,900 $ 2,621 $ 4,833
Other comprehensive earnings, net of tax:        
Pension and postretirement plans 1 1 3 3
Other comprehensive earnings, net of tax 1 1 3 3
Comprehensive earnings: 921 1,901 2,624 4,836
Comprehensive earnings attributable to noncontrolling interests 10 7 26 19
Comprehensive earnings attributable to Devon 911 1,894 2,598 4,817
Oil, Gas and NGL Sales [Member]        
Revenues from contracts with customers 2,882 3,668 8,054 10,943
Marketing and Midstream Revenues [Member]        
Revenues from contracts with customers 1,148 1,516 3,265 4,532
Marketing and Midstream Expenses [Member]        
Expenses $ 1,160 $ 1,525 $ 3,316 $ 4,549