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Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Oil, gas and NGL sales $ 3,741 $ 3,759
Oil, gas and NGL derivatives (145) 64
Total revenues 3,596 3,823 Close
Production expenses 751 693
Exploration expenses 9 3
Depreciation, depletion and amortization 722 615
Asset dispositions 1 0
General and administrative expenses 114 106
Financing costs, net 76 72
Other, net 22 5
Total expenses 2,828 2,599 Close
Earnings before income taxes 768 1,224 Close
Income tax expense 159 221 Close
Net earnings 609 1,003 Close
Net earnings attributable to noncontrolling interests 13 8
Net earnings attributable to Devon $ 596 $ 995
Net earnings per share:    
Basic net earnings per share $ 0.95 $ 1.53
Diluted net earnings per share $ 0.94 $ 1.53
Comprehensive earnings:    
Net earnings $ 609 $ 1,003
Other comprehensive earnings, net of tax:    
Pension and postretirement plans 1 1
Other comprehensive earnings, net of tax 1 1
Comprehensive earnings: 610 1,004
Comprehensive earnings attributable to noncontrolling interests 13 8
Comprehensive earnings attributable to Devon 597 996
Oil, Gas and NGL Sales [Member]    
Oil, gas and NGL sales 2,629 2,679
Marketing and Midstream Revenues [Member]    
Oil, gas and NGL sales 1,112 1,080
Marketing and Midstream Expenses [Member]    
Expenses $ 1,133 $ 1,105