$DVN
DEVON ENERGY CORP/DE

2020 Form 10-K Financial Statement

#000156459021006239 Filed on February 17, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $4.828B $1.589B $6.220B
YoY Change -22.38% -54.99% -30.08%
Cost Of Revenue $1.123B $324.0M $2.812B
YoY Change -60.06% -598.46% -34.92%
Gross Profit $3.705B $1.265B $3.408B
YoY Change 8.71% -57.89% -25.51%
Gross Profit Margin 76.74% 79.61% 54.79%
Selling, General & Admin $2.351B $784.0M $3.287B
YoY Change -28.48% -36.83% -32.85%
% of Gross Profit 63.45% 61.98% 96.45%
Research & Development $167.0M $29.00M $58.00M
YoY Change 187.93% 26.09% -54.69%
% of Gross Profit 4.51% 2.29% 1.7%
Depreciation & Amortization $1.300B $382.0M $1.497B
YoY Change -13.16% 59.83% 21.91%
% of Gross Profit 35.09% 30.2% 43.93%
Operating Expenses $3.818B $1.195B $4.842B
YoY Change -21.15% -20.49% -22.54%
Operating Profit -$113.0M $70.00M -$1.434B
YoY Change -92.12% -95.34% -14.44%
Interest Expense -$270.0M -$93.00M -$250.0M
YoY Change 8.0% 36.76% -56.9%
% of Operating Profit -132.86%
Other Income/Expense, Net $11.00M $13.00M $6.000M
YoY Change 83.33% -122.81% -76.92%
Pretax Income -$3.090B -$21.00M -$109.0M
YoY Change 2734.86% -101.17% -111.55%
Income Tax -$547.0M -$33.00M -$30.00M
% Of Pretax Income
Net Earnings -$2.671B -$642.0M -$355.0M
YoY Change 652.39% -155.87% -111.59%
Net Earnings / Revenue -55.32% -40.4% -5.71%
Basic Earnings Per Share -$7.12 -$1.70 -$0.89
Diluted Earnings Per Share -$7.109M -$1.70 -$0.89
COMMON SHARES
Basic Shares Outstanding 377.0M 401.0M
Diluted Shares Outstanding 377.0M 401.0M

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.237B $1.464B $1.464B
YoY Change 52.8% -39.35% -39.35%
Cash & Equivalents $2.237B $1.464B $1.464B
Short-Term Investments
Other Short-Term Assets $248.0M $232.0M $1.555B
YoY Change -84.05% -73.64% 33.13%
Inventory
Prepaid Expenses
Receivables $576.0M $832.0M $819.0M
Other Receivables $199.0M $13.00M $13.00M
Total Short-Term Assets $3.260B $3.851B $3.851B
YoY Change -15.35% -13.21% -13.21%
LONG-TERM ASSETS
Property, Plant & Equipment $5.616B $8.593B $8.836B
YoY Change -36.44% 1.55% -11.87%
Goodwill $753.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $283.0M $196.0M $277.0M
YoY Change 2.17% -28.99% -93.5%
Total Long-Term Assets $6.652B $9.866B $9.866B
YoY Change -32.58% -34.79% -34.79%
TOTAL ASSETS
Total Short-Term Assets $3.260B $3.851B $3.851B
Total Long-Term Assets $6.652B $9.866B $9.866B
Total Assets $9.912B $13.72B $13.72B
YoY Change -27.74% -29.89% -29.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $242.0M $428.0M $428.0M
YoY Change -43.46% -23.98% -23.98%
Accrued Expenses $1.000M $10.00M $10.00M
YoY Change -90.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.000M $7.000M $7.000M
YoY Change 14.29% -95.68% -95.68%
Total Short-Term Liabilities $1.440B $1.927B $1.927B
YoY Change -25.27% -13.43% -13.43%
LONG-TERM LIABILITIES
Long-Term Debt $4.542B $4.294B $4.534B
YoY Change 0.18% 0.05% 5.64%
Other Long-Term Liabilities $911.0M $426.0M $995.0M
YoY Change -8.44% 3.65% -70.15%
Total Long-Term Liabilities $5.453B $4.720B $5.529B
YoY Change -1.37% 0.36% -27.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.440B $1.927B $1.927B
Total Long-Term Liabilities $5.453B $4.720B $5.529B
Total Liabilities $7.027B $6.647B $7.915B
YoY Change -11.22% -4.07% -23.75%
SHAREHOLDERS EQUITY
Retained Earnings $3.148B
YoY Change -13.75%
Common Stock $38.00M
YoY Change -15.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.885B $5.802B $5.802B
YoY Change
Total Liabilities & Shareholders Equity $9.912B $13.72B $13.72B
YoY Change -27.74% -29.89% -29.89%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$2.671B -$642.0M -$355.0M
YoY Change 652.39% -155.87% -111.59%
Depreciation, Depletion And Amortization $1.300B $382.0M $1.497B
YoY Change -13.16% 59.83% 21.91%
Cash From Operating Activities $1.354B $569.0M $2.071B
YoY Change -34.62% 4.98% -23.41%
INVESTING ACTIVITIES
Capital Expenditures -$1.161B -$411.0M $31.00M
YoY Change -3845.16% -20.66% -43.64%
Acquisitions
YoY Change
Other Investing Activities $515.0M $43.00M $2.862B
YoY Change -82.01% -80.0% -11.28%
Cash From Investing Activities -$646.0M -$368.0M $921.0M
YoY Change -170.14% 21.45% -12.7%
FINANCING ACTIVITIES
Cash Dividend Paid $257.0M $34.00M $140.0M
YoY Change 83.57%
Common Stock Issuance & Retirement, Net $1.849B
YoY Change -37.45%
Debt Paid & Issued, Net $0.00 $162.0M
YoY Change -100.0% -82.43%
Cash From Financing Activities -306.0M -23.00M -3.639B
YoY Change -91.59% -97.44% -13.42%
NET CHANGE
Cash From Operating Activities 1.354B 569.0M 2.071B
Cash From Investing Activities -646.0M -368.0M 921.0M
Cash From Financing Activities -306.0M -23.00M -3.639B
Net Change In Cash 393.0M 178.0M -602.0M
YoY Change -165.28% -127.01% 152.94%
FREE CASH FLOW
Cash From Operating Activities $1.354B $569.0M $2.071B
Capital Expenditures -$1.161B -$411.0M $31.00M
Free Cash Flow $2.515B $980.0M $2.040B
YoY Change 23.28% -7.55% -22.99%

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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from these estimates, and changes in these estimates are recorded when known. Significant items subject to such estimates and assumptions include the following:</p> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">proved reserves and related present value of future net revenues;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">evaluation of suspended well costs;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">the carrying and fair values of oil and gas properties, other property and equipment and product and equipment inventories;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">derivative financial instruments;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">the fair value of reporting units and related assessment of goodwill for impairment;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">income taxes;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">asset retirement obligations;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">obligations related to employee pension and postretirement benefits;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">legal and environmental risks and exposures; and</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">general credit risk associated with receivables and other assets.</span></p></td></tr></table></div>
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RevenueFromContractWithCustomerExcludingAssessedTax
4673000000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019 dvn Number Of Customers Accounted For More Than Ten Percentage Of Revenue
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CY2018 dvn Number Of Customers Accounted For More Than Ten Percentage Of Revenue
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CY2020Q4 us-gaap Restricted Cash
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CY2019Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
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CY2020Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
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CY2019 us-gaap Asset Retirement Obligation Accretion Expense
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CY2018 us-gaap Proceeds From Income Tax Refunds
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CY2020 us-gaap Proceeds From Income Tax Refunds
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020 dvn Percentage Of Deferred Tax Assets Recorded As Valuation Allowance
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CY2018 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
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CY2020Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
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238000000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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306000000
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125000000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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35000000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
94000000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
123000000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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43000000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2018 srt Proved Developed And Undeveloped Reserves Sale Of Mineral In Place Energy
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CY2019 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
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CY2019 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
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CY2019 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
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CY2019 srt Proved Developed And Undeveloped Reserves Sale Of Mineral In Place Energy
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CY2020 dvn Proved Developed And Undeveloped Reserves Revisions Due To Prices Energy
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CY2020 srt Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
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CY2020 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
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CY2020 srt Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
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CY2020 srt Proved Developed And Undeveloped Reserve Production Energy
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CY2020 srt Proved Developed And Undeveloped Reserves Sale Of Mineral In Place Energy
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585
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600
CY2019Q4 srt Proved Developed Reserves Boe1
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CY2017Q4 dvn Proved Developed Producing Reserves Energy
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CY2019Q4 dvn Proved Developed Producing Reserves Energy
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202
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223
CY2019Q4 srt Proved Undeveloped Reserve Boe1
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168
CY2020 dvn Conversion Rate Of Gas Reserves From Mcf To Boe
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CY2020 dvn Proved Developed And Undeveloped Reserves Revisions Due To Prices Energy
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CY2019 dvn Proved Developed And Undeveloped Reserves Revisions Due To Prices Energy
ProvedDevelopedAndUndevelopedReservesRevisionsDueToPricesEnergy
-28
CY2018 dvn Proved Developed And Undeveloped Reserves Revisions Due To Prices Energy
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15
CY2020 dvn Proved Developed And Undeveloped Reserves Revisions Other Than Price
ProvedDevelopedAndUndevelopedReservesRevisionsOtherThanPrice
55
CY2019 dvn Proved Developed And Undeveloped Reserves Revisions Other Than Price
ProvedDevelopedAndUndevelopedReservesRevisionsOtherThanPrice
75
CY2020 srt Proved Developed And Undeveloped Reserve Net Energy Period Increase Decrease
ProvedDevelopedAndUndevelopedReserveNetEnergyPeriodIncreaseDecrease
20
CY2019 srt Proved Developed And Undeveloped Reserve Net Energy Period Increase Decrease
ProvedDevelopedAndUndevelopedReserveNetEnergyPeriodIncreaseDecrease
5
CY2020 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
135
CY2019 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
160
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ProvedDevelopedAndUndevelopedReservesExtensionsAndDiscoveriesRelatedToAdditionsFromInfillDrillingActivities
21
CY2020 dvn Proved Undeveloped Reserves Increased Percentage
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0.06
CY2020 dvn Proved Undeveloped Reserves As Percentage Of Entire Proved Reserves
ProvedUndevelopedReservesAsPercentageOfEntireProvedReserves
0.24
CY2020 dvn Proved Undeveloped Reserves Conversion To Proved Developed Reserves Energy
ProvedUndevelopedReservesConversionToProvedDevelopedReservesEnergy
68
CY2020 dvn Proved Undeveloped Reserves To Proved Developed Reserves Conversion Percentage
ProvedUndevelopedReservesToProvedDevelopedReservesConversionPercentage
0.40
CY2020 dvn Cost Incurred Related To Development And Conversion Of Proved Undeveloped Reserves
CostIncurredRelatedToDevelopmentAndConversionOfProvedUndevelopedReserves
448000000
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
14957000000
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20750000000
CY2018Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
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CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
1747000000
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
2093000000
CY2018Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
2957000000
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
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FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
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FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
10991000000
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1037000000
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FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
2036000000
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
5246000000
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FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
8446000000
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FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
11775000000
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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1774000000
CY2019Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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3048000000
CY2018Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
4625000000
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
3472000000
CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5398000000
CY2018Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
7150000000
CY2020 dvn Average Estimated Future Realized Price Per Barrel Of Oil Used To Estimate Future Cash Inflows For Proved Oil Reserves
AverageEstimatedFutureRealizedPricePerBarrelOfOilUsedToEstimateFutureCashInflowsForProvedOilReserves
37.35
CY2020 dvn Average Estimated Future Realized Price Per Mcf Of Gas Used To Estimate Future Cash Inflows For Proved Gas Reserves
AverageEstimatedFutureRealizedPricePerMcfOfGasUsedToEstimateFutureCashInflowsForProvedGasReserves
1.37
CY2020 dvn Average Estimated Future Realized Price Per Barrel Of Natural Gas Liquids Used To Estimate Future Cash Inflows For Proved Ngl Reserves
AverageEstimatedFutureRealizedPricePerBarrelOfNaturalGasLiquidsUsedToEstimateFutureCashInflowsForProvedNglReserves
10.76
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
1700000000
CY2020 dvn Future Dismantlement Abandonment And Rehabilitation Costs
FutureDismantlementAbandonmentAndRehabilitationCosts
300000000
CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5398000000
CY2018Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
7150000000
CY2017Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5954000000
CY2020 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-3277000000
CY2019 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-2323000000
CY2018 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
1533000000
CY2020 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
1572000000
CY2019 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
2612000000
CY2018 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
2932000000
CY2020 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
402000000
CY2019 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
303000000
CY2018 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-273000000
CY2020 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
988000000
CY2019 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
1690000000
CY2018 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
2944000000
CY2020 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
23000000
CY2019 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
43000000
CY2020 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
7000000
CY2019 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
481000000
CY2018 srt Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
120000000
CY2020 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
147000000
CY2019 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-359000000
CY2018 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-152000000
CY2020 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
537000000
CY2019 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
857000000
CY2018 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
787000000
CY2020 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
285000000
CY2019 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
506000000
CY2018 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
648000000
CY2020 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
548000000
CY2019 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
624000000
CY2018 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-1239000000
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
3472000000
CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
5398000000
CY2018Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
7150000000

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