DEVON ENERGY CORPDE
For the period ended Jun 30, 2024. Filed Aug 7, 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.
Jun 30, 2024 · Filed Aug 7, 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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Unaudited) | ||||
| Oil, gas and NGL sales | $2,796 | $2,493 | $5,425 | $5,172 |
| Oil, gas and NGL derivatives | 23 | (76) | (122) | (12) |
| Marketing and midstream revenues | 1,098 | 1,037 | 2,210 | 2,117 |
| Total revenues | 3,917 | 3,454 | 7,513 | 7,277 |
| Production expenses | 788 | 719 | 1,539 | 1,412 |
| Exploration expenses | 3 | 10 | 12 | 13 |
| Marketing and midstream expenses | 1,108 | 1,051 | 2,241 | 2,156 |
| Depreciation, depletion and amortization | 768 | 638 | 1,490 | 1,253 |
| Asset dispositions | 15 | (41) | 16 | (41) |
| General and administrative expenses | 114 | 92 | 228 | 198 |
| Financing costs, net | 76 | 78 | 152 | 150 |
| Other, net | 5 | 10 | 27 | 15 |
| Total expenses | 2,877 | 2,557 | 5,705 | 5,156 |
| Earnings before income taxes | 1,040 | 897 | 1,808 | 2,121 |
| Income tax expense | 185 | 199 | 344 | 420 |
| Net earnings | 855 | 698 | 1,464 | 1,701 |
| Net earnings attributable to noncontrolling interests | 11 | 8 | 24 | 16 |
| Net earnings attributable to Devon | $844 | $690 | $1,440 | $1,685 |
| Net earnings per share: | ||||
| Basic net earnings per share | $1.35 | $1.08 | $2.29 | $2.61 |
| Diluted net earnings per share | $1.34 | $1.07 | $2.29 | $2.60 |
| Comprehensive earnings: | ||||
| Net earnings | $855 | $698 | $1,464 | $1,701 |
| Other comprehensive earnings, net of tax: | ||||
| Pension and postretirement plans | 1 | 1 | 2 | 2 |
| Other comprehensive earnings, net of tax | 1 | 1 | 2 | 2 |
| Comprehensive earnings: | $856 | $699 | $1,466 | $1,703 |
| Comprehensive earnings attributable to noncontrolling interests | 11 | 8 | 24 | 16 |
| Comprehensive earnings attributable to Devon | $845 | $691 | $1,442 | $1,687 |
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