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DEVON ENERGY   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Revenues:Oil sales--------------------
Revenues:Oil, gas and NGL sales11,176.0010,791.0014,082.009,531.002,695.00------4,182.005,382.00
Upstream revenues----------3,355.006,285.005,307.00----
Revenues:Marketing and midstream revenues4,743.004,349.005,745.004,219.001,978.002,865.004,449.008,642.006,323.007,260.00
Revenues: Gas sales--------------------
Revenues: NGL sales--------------------
Revenue: Other--------------------
Revenues:Net (loss) gain on oil and gas derivative financial instruments21.00118.00(658.00)(1,544.00)155.00------(201.00)503.00
Asset dispositions and other----------------1,893.00--
Total revenues15,940.0015,258.0019,169.0012,206.004,828.006,220.0010,734.0013,949.0012,197.0013,145.00
Production expenses3,183.002,928.002,797.002,131.001,123.001,197.002,225.00------
Lease operating expenses--------270.00----1,823.001,582.002,104.00
Depreciation, depletion and amortization of oil and gas properties3,255.00--2,223.002,158.001,300.001,497.001,658.002,074.001,792.003,129.00
Depreciation and amortization of non-oil and gas properties--2,554.00----------------
Amortization of goodwill--------------------
General and administrative expenses500.00408.00395.00391.00338.00475.00650.00872.00645.00855.00
Marketing and midstream operating costs and expenses4,792.004,409.005,780.004,238.002,013.002,812.004,363.007,730.005,492.006,420.00
Taxes other than income taxes--------------------
Production taxes----------------275.00388.00
Restructuring costs------258.0049.0084.00114.00--267.0078.00
Asset impairments--------(2,693.00)--(156.00)(17.00)(4,975.00)(20,820.00)
Exploration expenses(28.00)(20.00)(29.00)(14.00)(167.00)(58.00)(177.00)(380.00)----
Accretion of asset retirement obligation--------------------
Reduction of carrying value of oil and gas properties--------------------
Transportation costs--------------------
Expenses related to mergers--------167.00----------
Impairment of ChevronTexaco Corporation common stock--------------------
Other operating items------43.0034.00(4.00)(140.00)--(64.00)(78.00)
Gains and losses on asset sales--------------------
Asset dispositions(11.00)30.0044.00168.001.0048.00263.00------
Total Operating Expenses--10,635.00--9,308.007,918.006,329.009,814.00--15,092.0033,872.00
Operating Income----------------(2,895.00)(20,727.00)
Interest expense--------------------
Restructuring costs--------------------
Dividends on subsidiary’s preferred stock--------------------
Other income, net--(38.00)----------------
Effects of changes in foreign currency exchange rates--------------------
Change in fair value of derivative financial instruments--------------------
Interest-rate and other financial instruments--------------------
Asset impairments--------------------
Net financing costs(363.00)(308.00)(309.00)(329.00)--(250.00)(594.00)(498.00)(904.00)(517.00)
Other nonoperating items(96.00)--95.00--------124.00(78.00)(24.00)
Asset dispositions--------------217.00----
Earnings before income tax expense3,712.004,623.007,775.002,898.00(3,090.00)(109.00)920.00896.00(3,877.00)(21,268.00)
Income tax expense (benefit)770.00841.001,738.0065.00(547.00)(30.00)156.00(182.00)(173.00)(6,065.00)
Income tax expense: Current--------------------
Income tax expense: Deferred--------------------
Deferred income tax expense (benefit): U.S.federal--------------------
Deferred income tax expense (benefit): Various states--------------------
Deferred income tax expense (benefit): Canada--------------------
Deferred income tax expense (benefit): International--------------------
Current income tax expense (benefit): U.S.federal--------------------
Current income tax expense (benefit): Various states--------------------
Current income tax expense (benefit): Canada--------------------
Current income tax expense (benefit): International--------------------
Current income tax expense: Other--------------------
Deferred income tax expense (benefit): Other--------------------
Earnings before cumulative effect of change in accounting principle----6,037.002,833.00(2,543.00)--764.00------
Net results of discontinued operations--------(128.00)(274.00)2,460.00------
Cumulative change in accounting principle, net of tax--------------------
Net earnings2,942.003,782.006,037.002,833.00(2,671.00)(353.00)3,224.001,078.00(3,704.00)(15,203.00)
Net earnings attributable to noncontrolling interests51.0035.0022.0020.009.002.00160.00180.00(402.00)(749.00)
Preferred stock dividends--------------10.00--5.00
Net earnings applicable to common stockholders2,891.003,747.006,015.002,813.00(2,680.00)(355.00)3,064.00888.00(3,302.00)(14,459.00)
Earnings before change in accounting principle: Basic----9.154.20(6.78)(0.21)1.53------
Net results of discontinued operations--------(0.34)(0.68)4.61------
Cumulative effect of change in accounting principle--------------------
Basic net earnings per share4.585.869.154.20(7.12)(0.89)6.141.71(6.52)(35.55)
Earnings before change in accounting principle: Diluted----9.124.19(6.78)(0.21)1.52------
Net results of discontinued operations--------(0.34)(0.68)4.58------
Cumulative effect of change in accounting principle--------------------
Diluted net earnings per share4.565.849.124.19(7.12)(0.89)6.101.70(6.52)(35.55)
Weighted Average Shares Outstanding (Basic)632.00639.00651.00663.00377.00401.00494.00520.00507.00407.00
Weighted Average Shares Outstanding (Diluted)634.00642.00653.00665.00377.00401.00497.00523.00507.00407.00