$DVN
DEVON ENERGY CORP/DE

2023 Q3 Form 10-Q Financial Statement

#000095017023036885 Filed on August 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $3.836B $3.454B
YoY Change -29.38% -38.61%
Cost Of Revenue $1.917B $1.770B
YoY Change -15.18% -27.13%
Gross Profit $1.919B $1.684B
YoY Change -39.5% -47.33%
Gross Profit Margin 50.03% 48.76%
Selling, General & Admin $99.00M $92.00M
YoY Change 4.21% 9.52%
% of Gross Profit 5.16% 5.46%
Research & Development $3.000M $10.00M
YoY Change -25.0% 0.0%
% of Gross Profit 0.16% 0.59%
Depreciation & Amortization $651.0M $638.0M
YoY Change 12.05% 20.83%
% of Gross Profit 33.92% 37.89%
Operating Expenses $753.0M $740.0M
YoY Change 10.74% 18.97%
Operating Profit $1.166B $944.0M
YoY Change -53.21% -63.34%
Interest Expense -$81.00M -$81.00M
YoY Change 20.9% -3.57%
% of Operating Profit -6.95% -8.58%
Other Income/Expense, Net -$12.00M -$7.000M
YoY Change -126.09% 133.33%
Pretax Income $1.072B $897.0M
YoY Change -56.51% -64.05%
Income Tax $152.0M $199.0M
% Of Pretax Income 14.18% 22.19%
Net Earnings $910.0M $687.0M
YoY Change -51.93% -64.44%
Net Earnings / Revenue 23.72% 19.89%
Basic Earnings Per Share $1.43 $1.08
Diluted Earnings Per Share $1.42 $1.08
COMMON SHARES
Basic Shares Outstanding 640.7M 641.7M
Diluted Shares Outstanding 639.0M 639.0M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $761.0M $488.0M
YoY Change -41.91% -85.88%
Cash & Equivalents $654.0M $488.0M
Short-Term Investments
Other Short-Term Assets $365.0M $397.0M
YoY Change -42.79% -27.29%
Inventory $233.0M $201.0M
Prepaid Expenses
Receivables $1.853B $1.487B
Other Receivables $28.00M $32.00M
Total Short-Term Assets $3.212B $2.605B
YoY Change -19.88% -58.98%
LONG-TERM ASSETS
Property, Plant & Equipment $19.03B $19.03B
YoY Change 6.96% 25.91%
Goodwill $753.0M $753.0M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $671.0M $675.0M
YoY Change 55.68% 59.57%
Other Assets $313.0M $293.0M
YoY Change -7.67% -7.86%
Total Long-Term Assets $21.03B $20.75B
YoY Change 7.58% 23.2%
TOTAL ASSETS
Total Short-Term Assets $3.212B $2.605B
Total Long-Term Assets $21.03B $20.75B
Total Assets $24.24B $23.36B
YoY Change 2.9% 0.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $812.0M $843.0M
YoY Change 6.7% 26.2%
Accrued Expenses $9.000M $10.00M
YoY Change -47.06% -44.44%
Deferred Revenue
YoY Change
Short-Term Debt $487.0M $0.00
YoY Change 90.98%
Long-Term Debt Due $487.0M $258.0M
YoY Change 90.98% 3125.0%
Total Short-Term Liabilities $3.330B $2.669B
YoY Change -3.76% -34.81%
LONG-TERM LIABILITIES
Long-Term Debt $5.675B $6.464B
YoY Change -8.41% 0.05%
Other Long-Term Liabilities $850.0M $1.410B
YoY Change -9.67% 48.58%
Total Long-Term Liabilities $6.525B $7.874B
YoY Change -8.58% 6.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.330B $2.669B
Total Long-Term Liabilities $6.525B $7.874B
Total Liabilities $9.855B $12.33B
YoY Change -7.0% 7.21%
SHAREHOLDERS EQUITY
Retained Earnings $5.535B $4.940B
YoY Change 39.04% 59.0%
Common Stock $64.00M $64.00M
YoY Change -1.54% -3.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.64B $11.02B
YoY Change
Total Liabilities & Shareholders Equity $24.24B $23.36B
YoY Change 2.9% 0.69%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $910.0M $687.0M
YoY Change -51.93% -64.44%
Depreciation, Depletion And Amortization $651.0M $638.0M
YoY Change 12.05% 20.83%
Cash From Operating Activities $1.725B $1.405B
YoY Change -18.01% -47.54%
INVESTING ACTIVITIES
Capital Expenditures $905.0M $1.097B
YoY Change -129.26% -263.0%
Acquisitions
YoY Change
Other Investing Activities $8.000M -$5.000M
YoY Change -260.0% -266.67%
Cash From Investing Activities -$897.0M -$1.102B
YoY Change -71.05% 64.48%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $462.0M
YoY Change -100.0% -44.34%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $242.0M
YoY Change
Cash From Financing Activities -553.0M -704.0M
YoY Change -51.62% -39.88%
NET CHANGE
Cash From Operating Activities 1.725B 1.405B
Cash From Investing Activities -897.0M -1.102B
Cash From Financing Activities -553.0M -704.0M
Net Change In Cash 273.0M -401.0M
YoY Change -112.72% -148.2%
FREE CASH FLOW
Cash From Operating Activities $1.725B $1.405B
Capital Expenditures $905.0M $1.097B
Free Cash Flow $820.0M $308.0M
YoY Change -84.22% -90.81%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001090012
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Registrant Name
EntityRegistrantName
DEVON ENERGY CORP/DE
CY2023Q2 dvn Derivative Amounts Netted
DerivativeAmountsNetted
CY2022Q4 dvn Derivative Amounts Netted
DerivativeAmountsNetted
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-32318
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
73-1567067
dei Entity Address Address Line1
EntityAddressAddressLine1
333 West Sheridan Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Oklahoma City
dei Entity Address State Or Province
EntityAddressStateOrProvince
OK
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
73102-5015
dei City Area Code
CityAreaCode
405
dei Local Phone Number
LocalPhoneNumber
235-3611
dei Security12b Title
Security12bTitle
Common Stock, par value $0.10 per share
dei Trading Symbol
TradingSymbol
DVN
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
640700000
CY2023Q2 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-76000000
CY2022Q2 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-170000000
us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-12000000
us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-853000000
CY2023Q2 us-gaap Revenues
Revenues
3454000000
CY2022Q2 us-gaap Revenues
Revenues
5626000000
us-gaap Revenues
Revenues
7277000000
us-gaap Revenues
Revenues
9438000000
CY2023Q2 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
719000000
CY2022Q2 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
729000000
us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
1412000000
us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
1347000000
CY2023Q2 us-gaap Exploration Expense
ExplorationExpense
10000000
CY2022Q2 us-gaap Exploration Expense
ExplorationExpense
10000000
us-gaap Exploration Expense
ExplorationExpense
13000000
us-gaap Exploration Expense
ExplorationExpense
12000000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
638000000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
528000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1253000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1017000000
CY2023Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
41000000
CY2022Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
14000000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
41000000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
15000000
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
92000000
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
84000000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
198000000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
178000000
CY2023Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-78000000
CY2022Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-84000000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-150000000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-169000000
CY2023Q2 dvn Operating And Nonoperating Other Income Expense
OperatingAndNonoperatingOtherIncomeExpense
-10000000
CY2022Q2 dvn Operating And Nonoperating Other Income Expense
OperatingAndNonoperatingOtherIncomeExpense
-10000000
dvn Operating And Nonoperating Other Income Expense
OperatingAndNonoperatingOtherIncomeExpense
-15000000
dvn Operating And Nonoperating Other Income Expense
OperatingAndNonoperatingOtherIncomeExpense
51000000
CY2023Q2 dvn Total Expenses
TotalExpenses
2557000000
CY2022Q2 dvn Total Expenses
TotalExpenses
3131000000
dvn Total Expenses
TotalExpenses
5156000000
dvn Total Expenses
TotalExpenses
5681000000
CY2023Q2 dvn Income Loss From Continuing Operations Before Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeNoncontrollingInterest
897000000
CY2022Q2 dvn Income Loss From Continuing Operations Before Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeNoncontrollingInterest
2495000000
dvn Income Loss From Continuing Operations Before Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeNoncontrollingInterest
2121000000
dvn Income Loss From Continuing Operations Before Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeNoncontrollingInterest
3757000000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
199000000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
557000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
420000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
824000000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
698000000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1938000000
us-gaap Profit Loss
ProfitLoss
1701000000
us-gaap Profit Loss
ProfitLoss
2933000000
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8000000
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6000000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16000000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12000000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
690000000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
1932000000
us-gaap Net Income Loss
NetIncomeLoss
1685000000
us-gaap Net Income Loss
NetIncomeLoss
2921000000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.94
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.42
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.6
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.4
CY2023Q2 us-gaap Profit Loss
ProfitLoss
698000000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1938000000
us-gaap Profit Loss
ProfitLoss
1701000000
us-gaap Profit Loss
ProfitLoss
2933000000
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1000000
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2000000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1000000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
699000000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1939000000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1703000000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2935000000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8000000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6000000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
16000000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
12000000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
691000000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1933000000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1687000000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2923000000
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
488000000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1454000000
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1519000000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1767000000
CY2023Q2 us-gaap Inventory Net
InventoryNet
201000000
CY2022Q4 us-gaap Inventory Net
InventoryNet
201000000
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
397000000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
469000000
CY2023Q2 us-gaap Assets Current
AssetsCurrent
2605000000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
3891000000
CY2023Q2 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
17317000000
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
16567000000
CY2023Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
1446000000
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
1539000000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18763000000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18106000000
CY2023Q2 us-gaap Goodwill
Goodwill
753000000
CY2022Q4 us-gaap Goodwill
Goodwill
753000000
CY2023Q2 dvn Right Of Use Assets Noncurrent
RightOfUseAssetsNoncurrent
266000000
CY2022Q4 dvn Right Of Use Assets Noncurrent
RightOfUseAssetsNoncurrent
224000000
CY2023Q2 us-gaap Investments
Investments
675000000
CY2022Q4 us-gaap Investments
Investments
440000000
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
293000000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
307000000
CY2023Q2 us-gaap Assets
Assets
23355000000
CY2022Q4 us-gaap Assets
Assets
23721000000
CY2023Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
843000000
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
859000000
CY2023Q2 us-gaap Oil And Gas Sales Payable Current
OilAndGasSalesPayableCurrent
1199000000
CY2022Q4 us-gaap Oil And Gas Sales Payable Current
OilAndGasSalesPayableCurrent
1506000000
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
244000000
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
251000000
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
383000000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
489000000
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2669000000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3105000000
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6169000000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6189000000
CY2023Q2 dvn Lease Liabilities Noncurrent
LeaseLiabilitiesNoncurrent
299000000
CY2022Q4 dvn Lease Liabilities Noncurrent
LeaseLiabilitiesNoncurrent
257000000
CY2023Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
548000000
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
511000000
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
858000000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
900000000
CY2023Q2 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
1662000000
CY2022Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
1463000000
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
641000000
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
653000000
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
64000000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
65000000
CY2023Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
6131000000
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
6921000000
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4940000000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4297000000
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-114000000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-116000000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
11021000000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
11167000000
CY2023Q2 us-gaap Minority Interest
MinorityInterest
129000000
CY2022Q4 us-gaap Minority Interest
MinorityInterest
129000000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11150000000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11296000000
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
23355000000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
23721000000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
698000000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1938000000
us-gaap Profit Loss
ProfitLoss
1701000000
us-gaap Profit Loss
ProfitLoss
2933000000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
638000000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
528000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1253000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1017000000
CY2023Q2 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
0
CY2022Q2 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
7000000
us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
0
us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
8000000
CY2023Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-8000000
CY2022Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-9000000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-15000000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-15000000
CY2023Q2 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-76000000
CY2022Q2 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-170000000
us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-12000000
us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-853000000
CY2023Q2 dvn Cash Settlements On Commodity Derivatives
CashSettlementsOnCommodityDerivatives
-37000000
CY2022Q2 dvn Cash Settlements On Commodity Derivatives
CashSettlementsOnCommodityDerivatives
472000000
dvn Cash Settlements On Commodity Derivatives
CashSettlementsOnCommodityDerivatives
-50000000
dvn Cash Settlements On Commodity Derivatives
CashSettlementsOnCommodityDerivatives
816000000
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
41000000
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
14000000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
41000000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
15000000
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
119000000
CY2022Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
305000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
199000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
469000000
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
25000000
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
23000000
us-gaap Share Based Compensation
ShareBasedCompensation
48000000
us-gaap Share Based Compensation
ShareBasedCompensation
43000000
CY2023Q2 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-2000000
CY2022Q2 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4000000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-17000000
CY2023Q2 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
140000000
CY2022Q2 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-198000000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
128000000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-55000000
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1405000000
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2678000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3082000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4515000000
CY2023Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1079000000
CY2022Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
573000000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2091000000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1110000000
CY2023Q2 dvn Payments To Property And Equipment Acquisition
PaymentsToPropertyAndEquipmentAcquisition
18000000
CY2022Q2 dvn Payments To Property And Equipment Acquisition
PaymentsToPropertyAndEquipmentAcquisition
100000000
dvn Payments To Property And Equipment Acquisition
PaymentsToPropertyAndEquipmentAcquisition
31000000
dvn Payments To Property And Equipment Acquisition
PaymentsToPropertyAndEquipmentAcquisition
101000000
CY2023Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000000
CY2022Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
9000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
22000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
35000000
CY2023Q2 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
9000000
CY2022Q2 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
15000000
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
17000000
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
23000000
CY2023Q2 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
15000000
CY2022Q2 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
21000000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
52000000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
43000000
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1102000000
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-670000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2135000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1196000000
CY2023Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
228000000
CY2022Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
324000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
745000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
535000000
CY2023Q2 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
462000000
CY2022Q2 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
830000000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
1058000000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
1497000000
CY2023Q2 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0
CY2022Q2 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
8000000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0
CY2023Q2 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
13000000
CY2022Q2 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5000000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
24000000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
13000000
CY2023Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
9000000
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
12000000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
96000000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
85000000
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-704000000
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1171000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1915000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2130000000
CY2023Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2000000
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5000000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2000000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3000000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-399000000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
832000000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-966000000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1186000000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
887000000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2625000000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1454000000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2271000000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488000000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3457000000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488000000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3457000000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
372000000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3300000000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
372000000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3300000000
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
116000000
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
157000000
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
116000000
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
157000000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488000000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3457000000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488000000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3457000000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11103000000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
698000000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1000000
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
210000000
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
462000000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
25000000
CY2023Q2 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
8000000
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13000000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11150000000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9435000000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1938000000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1000000
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1000000
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
329000000
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
838000000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
23000000
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5000000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10226000000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11296000000
us-gaap Profit Loss
ProfitLoss
1701000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
839000000
us-gaap Dividends Common Stock
DividendsCommonStock
1042000000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
48000000
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
8000000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
24000000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11150000000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9399000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2000000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
634000000
us-gaap Dividends Common Stock
DividendsCommonStock
1506000000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
43000000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13000000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10226000000
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
116000000
CY2023Q2 us-gaap Investments
Investments
675000000
CY2022Q4 us-gaap Investments
Investments
440000000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3530000000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5796000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7289000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10291000000
CY2023Q2 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0
CY2023Q2 dvn Derivative Gross Fair Value
DerivativeGrossFairValue
66000000
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
66000000
CY2022Q4 dvn Derivative Gross Fair Value
DerivativeGrossFairValue
128000000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
128000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43000000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
27000000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
26000000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
897000000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2495000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2121000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3757000000
CY2023Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
80000000
CY2022Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
252000000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
221000000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
355000000
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
115000000
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
92000000
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
149000000
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
127000000
CY2023Q2 dvn Estimated Future Obligation Under Performance Guarantee
EstimatedFutureObligationUnderPerformanceGuarantee
0
CY2022Q2 dvn Estimated Future Obligation Under Performance Guarantee
EstimatedFutureObligationUnderPerformanceGuarantee
0
dvn Estimated Future Obligation Under Performance Guarantee
EstimatedFutureObligationUnderPerformanceGuarantee
0
dvn Estimated Future Obligation Under Performance Guarantee
EstimatedFutureObligationUnderPerformanceGuarantee
96000000
CY2023Q2 dvn Charitable Contribution
CharitableContribution
0
CY2022Q2 dvn Charitable Contribution
CharitableContribution
0
dvn Charitable Contribution
CharitableContribution
0
dvn Charitable Contribution
CharitableContribution
20000000
CY2023Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
7000000
CY2022Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6000000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
14000000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
13000000
CY2023Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-3000000
CY2022Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
4000000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1000000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
12000000
CY2023Q2 dvn Operating And Nonoperating Other Income Expense
OperatingAndNonoperatingOtherIncomeExpense
-10000000
CY2022Q2 dvn Operating And Nonoperating Other Income Expense
OperatingAndNonoperatingOtherIncomeExpense
-10000000
dvn Operating And Nonoperating Other Income Expense
OperatingAndNonoperatingOtherIncomeExpense
-15000000
dvn Operating And Nonoperating Other Income Expense
OperatingAndNonoperatingOtherIncomeExpense
51000000
dvn Estimated Future Obligation Under Performance Guarantee
EstimatedFutureObligationUnderPerformanceGuarantee
96000000
dvn Charitable Contribution
CharitableContribution
20000000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
638000000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
652000000
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
119000000
CY2022Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
305000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
199000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
469000000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
199000000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
557000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
420000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
824000000
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.02
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.20
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
CY2022Q3 dvn Corporate Alternative Minimum Tax
CorporateAlternativeMinimumTax
0.15
CY2023Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
690000000
CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1932000000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1685000000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2921000000
CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
3000000
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
17000000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
11000000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
33000000
CY2023Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
687000000
CY2022Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
1915000000
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
1674000000
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
2888000000
CY2023Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
642000000
CY2022Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
658000000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
646000000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
661000000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
4000000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
6000000
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
5000000
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
7000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
641000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
654000000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
639000000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
654000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
643000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
656000000
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.08
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.94
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.61
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.42
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.07
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.93
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.6
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.4
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-115000000
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-131000000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-116000000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-132000000
CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
2000000
CY2022Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
2000000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
3000000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
3000000
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1000000
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1000000
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-114000000
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-130000000
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-114000000
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-130000000
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-98000000
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
346000000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-248000000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
803000000
CY2023Q2 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
12000000
CY2022Q2 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
85000000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-4000000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
21000000
CY2023Q2 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
13000000
CY2022Q2 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-9000000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-18000000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-75000000
CY2023Q2 dvn Increase Decrease In Accounts Payable And Royalties Payable
IncreaseDecreaseInAccountsPayableAndRoyaltiesPayable
-65000000
CY2022Q2 dvn Increase Decrease In Accounts Payable And Royalties Payable
IncreaseDecreaseInAccountsPayableAndRoyaltiesPayable
540000000
dvn Increase Decrease In Accounts Payable And Royalties Payable
IncreaseDecreaseInAccountsPayableAndRoyaltiesPayable
-230000000
dvn Increase Decrease In Accounts Payable And Royalties Payable
IncreaseDecreaseInAccountsPayableAndRoyaltiesPayable
787000000
CY2023Q2 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-138000000
CY2022Q2 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
93000000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-141000000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
101000000
CY2023Q2 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-10000000
CY2022Q2 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-13000000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-27000000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-84000000
CY2023Q2 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
140000000
CY2022Q2 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-198000000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
128000000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-55000000
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
88000000
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
85000000
us-gaap Interest Paid Net
InterestPaidNet
189000000
us-gaap Interest Paid Net
InterestPaidNet
185000000
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
259000000
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
133000000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
259000000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
110000000
CY2023Q2 dvn Non Cash Investing Activities Contributions Of Other Propoerty And Equipment
NonCashInvestingActivitiesContributionsOfOtherPropoertyAndEquipment
150000000
dvn Non Cash Investing Activities Contributions Of Other Propoerty And Equipment
NonCashInvestingActivitiesContributionsOfOtherPropoertyAndEquipment
150000000
CY2023Q2 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
217000000
CY2022Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
162000000
CY2023Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
32000000
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
33000000
CY2023Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1526000000
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1776000000
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7000000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9000000
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1519000000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1767000000
CY2023Q2 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
44711000000
CY2022Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
42734000000
CY2023Q2 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
1528000000
CY2022Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
1548000000
CY2023Q2 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
46239000000
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
44282000000
CY2023Q2 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
28922000000
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
27715000000
CY2023Q2 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
17317000000
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
16567000000
CY2023Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
2204000000
CY2022Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
2280000000
CY2023Q2 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
758000000
CY2022Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
741000000
CY2023Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
1446000000
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
1539000000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18763000000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18106000000
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-82000000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-103000000
CY2023Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
32000000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
26000000
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
6413000000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
6440000000
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
244000000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
251000000
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6169000000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6189000000
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
96000000
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
93000000
us-gaap Interest Expense Debt
InterestExpenseDebt
189000000
us-gaap Interest Expense Debt
InterestExpenseDebt
185000000
CY2023Q2 us-gaap Interest Income Other
InterestIncomeOther
15000000
CY2022Q2 us-gaap Interest Income Other
InterestIncomeOther
2000000
us-gaap Interest Income Other
InterestIncomeOther
32000000
us-gaap Interest Income Other
InterestIncomeOther
3000000
CY2023Q2 dvn Net Financing Costs Other
NetFinancingCostsOther
-3000000
CY2022Q2 dvn Net Financing Costs Other
NetFinancingCostsOther
-7000000
dvn Net Financing Costs Other
NetFinancingCostsOther
-7000000
dvn Net Financing Costs Other
NetFinancingCostsOther
-13000000
CY2023Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-78000000
CY2022Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-84000000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-150000000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-169000000
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
251000000
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15000000
CY2023Q2 dvn Right Of Use Assets Noncurrent
RightOfUseAssetsNoncurrent
266000000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
203000000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21000000
CY2022Q4 dvn Right Of Use Assets Noncurrent
RightOfUseAssetsNoncurrent
224000000
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
14000000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10000000
CY2023Q2 dvn Lease Liabilities Current
LeaseLiabilitiesCurrent
24000000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
8000000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13000000
CY2022Q4 dvn Lease Liabilities Current
LeaseLiabilitiesCurrent
21000000
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
295000000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4000000
CY2023Q2 dvn Lease Liabilities Noncurrent
LeaseLiabilitiesNoncurrent
299000000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
249000000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8000000
CY2022Q4 dvn Lease Liabilities Noncurrent
LeaseLiabilitiesNoncurrent
257000000
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
309000000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
14000000
CY2023Q2 dvn Lease Liabilities
LeaseLiabilities
323000000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
257000000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
21000000
CY2022Q4 dvn Lease Liabilities
LeaseLiabilities
278000000
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
529000000
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
485000000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
14000000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
15000000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
18000000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
9000000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
27000000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-35000000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
14000000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
13000000
CY2023Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
566000000
CY2022Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
469000000
CY2023Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
18000000
CY2022Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
17000000
CY2023Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
548000000
CY2022Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
452000000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
27000000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-35000000
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
596000000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.89
CY2023Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
462000000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.72
CY2023Q2 dvn Total Year To Date
TotalYearToDate
1058000000
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
667000000
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1
CY2022Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
830000000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.27
CY2022Q2 dvn Total Year To Date
TotalYearToDate
1497000000
CY2023Q2 us-gaap Dividends Payable Date To Be Paid Year
DividendsPayableDateToBePaidYear
2023
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000950170-23-036885-index-headers.html Edgar Link pending
0000950170-23-036885-index.html Edgar Link pending
0000950170-23-036885.txt Edgar Link pending
0000950170-23-036885-xbrl.zip Edgar Link pending
dvn-20230630.htm Edgar Link pending
dvn-20230630.xsd Edgar Link pending
dvn-ex10_1.htm Edgar Link pending
dvn-ex10_2.htm Edgar Link pending
dvn-ex31_1.htm Edgar Link pending
dvn-ex31_2.htm Edgar Link pending
dvn-ex32_1.htm Edgar Link pending
dvn-ex32_2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
img130194675_0.jpg Edgar Link pending
img130194675_1.jpg Edgar Link pending
img130194675_2.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
dvn-20230630_cal.xml Edgar Link unprocessable
dvn-20230630_def.xml Edgar Link unprocessable
dvn-20230630_lab.xml Edgar Link unprocessable
dvn-20230630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
dvn-20230630_htm.xml Edgar Link completed
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending