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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule Of Share-Based Compensation Expense Included In The Consolidated Comprehensive Statements Of Earnings

 

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

G&A

 

$

68

 

 

$

75

 

Exploration expenses

 

 

2

 

 

 

4

 

Restructuring and transaction costs

 

 

26

 

 

 

 

Total

 

$

96

 

 

$

79

 

Related income tax benefit

 

$

3

 

 

$

3

 

 

Summary Of Unvested Restricted Stock Awards and Units, Performance-Based Restricted Stock Awards And Performance Share Units

 

 

 

Restricted Stock

 

 

Performance-Based

 

 

Performance

 

 

 

Awards and Units

 

 

Restricted Stock Awards

 

 

Share Units

 

 

 

Awards and

Units

 

 

Weighted

Average

Grant-Date

Fair Value

 

 

Awards

 

 

Weighted

Average

Grant-Date

Fair Value

 

 

Units

 

 

 

 

 

Weighted

Average

Grant-Date

Fair Value

 

 

 

(Thousands, except fair value data)

 

Unvested at 12/31/17

 

 

6,328

 

 

$

36.81

 

 

 

575

 

 

$

38.92

 

 

 

2,758

 

 

 

 

 

$

41.21

 

Granted

 

 

3,501

 

 

$

35.89

 

 

 

 

 

$

 

 

 

845

 

 

 

 

 

$

37.40

 

Vested

 

 

(2,843

)

 

$

38.83

 

 

 

(231

)

 

$

43.05

 

 

 

(571

)

 

 

 

 

$

84.22

 

Forfeited

 

 

(551

)

 

$

35.54

 

 

 

 

 

$

 

 

 

(91

)

 

 

 

 

$

33.37

 

Unvested at 6/30/18

 

 

6,435

 

 

$

35.52

 

 

 

344

 

 

$

36.14

 

 

 

2,941

 

 

(1

)

 

$

30.25

 

 

(1)

A maximum of 5.9 million common shares could be awarded based upon Devon’s final TSR ranking relative to Devon’s peer group established under applicable award agreements.

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

 

 

 

2018

 

Grant-date fair value

 

 

$36.23

 

 

 

$

37.88

 

Risk-free interest rate

 

2.28%

 

Volatility factor

 

45.8%

 

Contractual term (years)

 

2.89

 

 

Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition

 

 

 

 

 

 

 

Performance-Based

 

 

 

 

 

 

 

Restricted Stock

 

 

Restricted Stock

 

 

Performance

 

 

 

Awards and Units

 

 

Awards

 

 

Share Units

 

Unrecognized compensation cost

 

$

161

 

 

$

2

 

 

$

39

 

Weighted average period for recognition (years)

 

 

2.7

 

 

 

1.4

 

 

 

2.0