XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues from contracts with customers $ 5,796 $ 3,120 $ 10,291 $ 5,698
Oil, gas and NGL derivatives (170) (703) (853) (1,231)
Total revenues 5,626 2,417 9,438 4,467
Production expenses 729 513 1,347 971
Exploration expenses 10 3 12 6
Depreciation, depletion and amortization 528 536 1,017 1,003
Asset dispositions (14) (87) (15) (119)
General and administrative expenses 84 94 178 201
Financing costs, net 84 80 169 157
Restructuring and transaction costs 0 23 0 212
Other, net 10 (14) (51) (43)
Total expenses 3,131 2,113 5,681 4,195
Earnings before income taxes 2,495 304 3,757 272
Income tax expense (benefit) 557 43 824 (205)
Net earnings (loss) 1,938 261 2,933 477
Net earnings attributable to noncontrolling interests 6 5 12 8
Net earnings (loss) attributable to Devon $ 1,932 $ 256 $ 2,921 $ 469
Net earnings per share:        
Basic net earnings per share: $ 2.94 $ 0.38 $ 4.42 $ 0.70
Diluted net earnings per share: $ 2.93 $ 0.38 $ 4.40 $ 0.70
Comprehensive earnings:        
Net earnings $ 1,938 $ 261 $ 2,933 $ 477
Other comprehensive earnings, net of tax:        
Pension and postretirement plans 1 3 2 26
Other comprehensive earnings, net of tax 1 3 2 26
Comprehensive earnings: 1,939 264 2,935 503
Comprehensive earnings attributable to noncontrolling interests 6 5 12 8
Comprehensive earnings attributable to Devon 1,933 259 2,923 495
Oil, Gas and NGL Sales [Member]        
Revenues from contracts with customers 4,100 2,154 7,275 3,911
Marketing and Midstream Revenues [Member]        
Revenues from contracts with customers 1,696 966 3,016 1,787
Marketing and Midstream Expenses [Member]        
Expenses $ 1,700 $ 965 $ 3,024 $ 1,807