Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Share-based Compensation [Abstract]

Schedule Of The Effects Of Share-Based Compensation Included In The Consolidated Comprehensive Statements Of Earnings

	Three Months Ended March 31,
	2015		2014
	(Millions)
Gross general and administrative expense	$	68	$	57
Share-based compensation expense capitalized pursuant to the
full cost method of accounting for oil and gas properties	$	15	$	13
Related income tax benefit	$	14	$	14

Summary of Unvested Restricted Stock Awards And Units, Including Changes During the Year

	Restricted Stock Awards & Units	Weighted Average Grant-Date Fair Value
	(Thousands)
Unvested at December 31, 2014	4,304	$	60.85
Granted	2,613	$	63.97
Vested	(674)	$	60.78
Forfeited	(101)	$	60.85
Unvested at March 31, 2015	6,142	$	62.18

Summary Of Unvested Performance-Based Restricted Stock Awards, Including Changes During The Year

	Performance Restricted Stock Awards	Weighted Average Grant-Date Fair Value
	(Thousands)
Unvested at December 31, 2014	380	$	59.41
Granted	205	$	64.18
Vested	(59)	$	61.33
Unvested at March 31, 2015	526	$	61.06

Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions

	2015
Grant-date fair value	$	81.99	-	$	85.05
Risk-free interest rate	1.06%
Volatility factor	26.2%
Contractual term (in years)	2.89

Summary of Unvested Performance Share Units, Including Changes During the Year

	Performance Share Units	Weighted Average Grant-Date Fair Value
	(Thousands)
Unvested at December 31, 2014	1,477	$	70.90
Granted	786	$	84.14
Vested	(337)	$	66.00
Forfeited	(14)	$	74.76
Unvested at March 31, 2015 (1)	1,912	$	76.27

____________________________

(1) A maximum of 3.8 million common shares could be awarded based upon Devon’s final total shareholder return ranking.