Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

Summary of Purchases of Common Stock

The table below provides information regarding purchases of Devon’s common stock under the $5.0 billion share repurchase program (shares in thousands).

	Total Number of Shares Purchased		Dollar Value of Shares Purchased		Average Price Paid per Share
$5.0 Billion Plan
2021		13,983	$	589	$	42.15
2022		11,708		718	$	61.36
2023:
First quarter		10,090		545	$	53.96
Second quarter		3,795		200	$	52.70
Fourth quarter		5,465		247	$	45.17
2023 Total		19,350		992	$	51.23
2024:
First quarter		4,428		193	$	43.47
Second quarter		5,188		256	$	49.40
Third quarter		6,675		295	$	44.23
2024 Total		16,291		744	$	45.67
Total plan		61,332	$	3,043	$	49.62

Schedule of Dividends Payable

The following table summarizes Devon’s dividends for the first nine months of 2024 and 2023, respectively.

	Fixed		Variable		Total		Rate Per Share
2024:
First quarter	$	143	$	156	$	299	$	0.44
Second quarter		138		85		223	$	0.35
Third quarter		136		136		272	$	0.44
Total year-to-date	$	417	$	377	$	794
2023:
First quarter	$	133	$	463	$	596	$	0.89
Second quarter		128		334		462	$	0.72
Third quarter		127		185		312	$	0.49
Total year-to-date	$	388	$	982	$	1,370