DEVON ENERGY CORPDE

For the period ended Mar 31, 2024. Filed May 2, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 2, 2024

DVN$42.40+0.5%Stored close · as of Nov 9, 2026

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Consolidated Statements of Comprehensive Earnings

	Three Months Ended March 31,
	2024	2023
(Unaudited)
Oil, gas and NGL sales	$2,629	$2,679
Oil, gas and NGL derivatives	(145)	64
Marketing and midstream revenues	1,112	1,080
Total revenues	3,596	3,823
Production expenses	751	693
Exploration expenses	9	3
Marketing and midstream expenses	1,133	1,105
Depreciation, depletion and amortization	722	615
Asset dispositions	1	—
General and administrative expenses	114	106
Financing costs, net	76	72
Other, net	22	5
Total expenses	2,828	2,599
Earnings before income taxes	768	1,224
Income tax expense	159	221
Net earnings	609	1,003
Net earnings attributable to noncontrolling interests	13	8
Net earnings attributable to Devon	$596	$995
Net earnings per share:
Basic net earnings per share	$0.95	$1.53
Diluted net earnings per share	$0.94	$1.53
Comprehensive earnings:
Net earnings	$609	$1,003
Other comprehensive earnings, net of tax:
Pension and postretirement plans	1	1
Other comprehensive earnings, net of tax	1	1
Comprehensive earnings:	610	1,004
Comprehensive earnings attributable to noncontrolling interests	13	8
Comprehensive earnings attributable to Devon	$597	$996

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