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Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues from contracts with customers $ 15,140 $ 19,827 $ 13,750
Oil, gas and NGL derivatives 118 (658) (1,544)
Total revenues 15,258 19,169 12,206 Close
Production expenses 2,928 2,797 2,131
Exploration expenses 20 29 14
Depreciation, depletion and amortization 2,554 2,223 2,158
Asset dispositions (30) (44) (168)
General and administrative expenses 408 395 391
Financing costs, net 308 309 329
Restructuring and transaction costs 0 0 258
Other, net 38 (95) (43)
Total expenses 10,635 11,394 9,308 Close
Earnings (loss) from continuing operations before income taxes 4,623 7,775 2,898 Close
Income tax expense (benefit) 841 1,738 65 Close
Net earnings (loss) 3,782 6,037 2,833
Net earnings attributable to noncontrolling interests 35 22 20
Net earnings (loss) attributable to Devon $ 3,747 $ 6,015 $ 2,813
Basic net earnings (loss) per share:      
Basic net earnings per share $ 5.86 $ 9.15 $ 4.2
Diluted net earnings (loss) per share:      
Diluted net earnings (loss) per share $ 5.84 $ 9.12 $ 4.19
Comprehensive earnings (loss):      
Net earnings $ 3,782 $ 6,037 $ 2,833 Close
Other comprehensive earnings (loss), net of tax:      
Pension and postretirement plans (8) 16 (5)
Other comprehensive loss, net of tax (8) 16 (5)
Comprehensive earnings (loss): 3,774 6,053 2,828
Comprehensive earnings attributable to noncontrolling interests 35 22 20
Comprehensive earnings (loss) attributable to Devon 3,739 6,031 2,808
Oil, Gas and NGL Sales [Member]      
Revenues from contracts with customers 10,791 14,082 9,531
Marketing and Midstream Revenues [Member]      
Revenues from contracts with customers 4,349 5,745 4,219
Marketing and Midstream Expenses [Member]      
Marketing and midstream expenses $ 4,409 $ 5,780 $ 4,238