Devon Energy (DVN) 10-Q 5 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares shares in Millions	6 Months Ended
	Jun. 30, 2015	Jul. 22, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Entity Registrant Name	DEVON ENERGY CORP/DE
Entity Central Index Key	1,090,012
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2,015
Entity Filer Category	Large Accelerated Filer
Document Fiscal Period Focus	Q2
Entity Common Stock, Shares Outstanding		411

Consolidated Comprehensive Stat

Consolidated Comprehensive Statements Of Earnings - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Comprehensive Statements Of Earnings [Abstract]
Oil, gas and NGL sales	$ 1,587	$ 2,679	$ 2,926	$ 5,236
Oil, gas and NGL derivatives	(282)	(399)	12	(719)
Marketing and midstream revenues	2,088	2,230	3,720	3,718
Total operating revenues	3,393	4,510	6,658	8,235
Lease operating expenses	562	582	1,115	1,180
Marketing and midstream operating expenses	1,863	2,006	3,302	3,311
General and administrative expenses	212	189	463	400
Production and property taxes	116	150	224	287
Depreciation, depletion and amortization	814	$ 828	1,744	$ 1,567
Asset impairments	4,168		9,628
Restructuring costs		$ 5		$ 42
Gains and losses on asset sales	(1)	(1,057)	(1)	(1,072)
Other operating items	22	33	41	56
Total operating expenses	7,756	2,736	16,516	5,771
Operating income (loss)	(4,363)	1,774	(9,858)	2,464
Net financing costs	125	131	242	243
Other nonoperating items	(9)	89	3	107
Earnings (loss) before income taxes	(4,479)	1,554	(10,103)	2,114
Income tax expense (benefit)	(1,686)	854	(3,721)	1,085
Net earnings (loss)	(2,793)	700	(6,382)	1,029
Net earnings attributable to noncontrolling interests	23	25	33	30
Net earnings (loss) attributable to Devon	$ (2,816)	$ 675	$ (6,415)	$ 999
Net earnings (loss) per share attributable to Devon:
Basic	$ (6.94)	$ 1.65	$ (15.81)	$ 2.45
Diluted	$ (6.94)	$ 1.64	$ (15.81)	$ 2.44
Comprehensive earnings (loss):
Net earnings (loss)	$ (2,793)	$ 700	$ (6,382)	$ 1,029
Other comprehensive earnings (loss), net of tax:
Foreign currency translation	44	292	(258)	(6)
Pension and postretirement plans	3	5	7	8
Other comprehensive earnings (loss), net of tax	47	297	(251)	2
Comprehensive earnings (loss)	(2,746)	997	(6,633)	1,031
Comprehensive earnings attributable to noncontrolling interests	23	25	33	30
Comprehensive earnings (loss) attributable to Devon	$ (2,769)	$ 972	$ (6,666)	$ 1,001

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net earnings (loss)	$ (6,382)	$ 1,029
Adjustments to reconcile net earnings (loss) to net cash from operating activities:
Depreciation, depletion and amortization	1,744	$ 1,567
Asset impairments	9,628
Gains and losses on asset sales	(1)	$ (1,072)
Deferred income tax expense (benefit)	(3,640)	777
Derivatives and other financial instruments	(125)	761
Cash settlements on derivatives and financial instruments	1,183	(245)
Other noncash charges	267	229
Net change in working capital	26	470
Change in long-term other assets	159	(77)
Change in long-term other liabilities	(110)	20
Net cash from operating activities	2,749	3,459
Cash flows from investing activities:
Capital expenditures	(3,149)	(3,341)
Acquisitions of property, equipment and businesses	(417)	(6,224)
Divestitures of property and equipment	8	2,942
Redemptions of long-term investments		57
Other	(5)	84
Net cash from investing activities	(3,563)	(6,482)
Cash flows from financing activities:
Borrowings of long-term debt, net of issuance costs	3,051	3,720
Net short-term debt repayments	(763)	(862)
Repayments of long-term debt	(1,521)	(3,990)
Stock option exercises	4	$ 83
Sale of subsidiary units	654
Issuance of subsidiary units	4	$ 20
Dividends paid on common stock	(197)	(189)
Distributions to noncontrolling interests	(118)	(141)
Other	(12)	9
Net cash from financing activities	1,102	(1,350)
Effect of exchange rate changes on cash	(43)	13
Net change in cash and cash equivalents	245	(4,360)
Cash and cash equivalents at beginning of period	1,480	6,066
Cash and cash equivalents at end of period	$ 1,725	$ 1,706

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents		$ 1,725	$ 1,480
Accounts receivable		1,602	1,959
Derivatives, at fair value		924	1,993
Income taxes receivable		9	522
Other current assets		470	544
Total current assets		4,730	6,498
Oil and gas, based on full-cost accounting:
Subject to amortization		77,191	75,738
Not subject to amortization		2,685	2,752
Total oil and gas		79,876	78,490
Midstream and other		10,354	9,695
Total property and equipment, at cost		90,230	88,185
Less accumulated depreciation, depletion and amortization		(62,406)	(51,889)
Property and equipment, net		27,824	36,296
Goodwill		6,349	6,303
Other long-term assets		1,703	1,540
Total assets		40,606	50,637
Current liabilities:
Accounts payable		1,035	1,400
Revenues and royalties payable		1,095	1,193
Short-term debt	[1]	670	1,432
Deferred income taxes		346	730
Other current liabilities		852	1,180
Total current liabilities		3,998	5,935
Long-term debt		11,375	9,830
Asset retirement obligations		1,391	1,339
Other long-term liabilities		782	948
Deferred income taxes		2,909	6,244
Stockholders' equity:
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 411 million and 409 million shares in 2015 and 2014, respectively		41	41
Additional paid-in capital		4,736	4,088
Retained earnings		10,018	16,631
Accumulated other comprehensive earnings		528	779
Total stockholders' equity attributable to Devon		15,323	21,539
Noncontrolling interests		4,828	4,802
Total stockholders' equity		$ 20,151	$ 26,341
Commitments and contingencies (Note 17)
Total liabilities and stockholders' equity		$ 40,606	$ 50,637
[1]	Short-term debt as of June 30, 2015 consists of $170 million of commercial paper and $500 million floating rate due on December 15, 2015. Short-term debt as of December 31, 2014 consists of $932 million of commercial paper and $500 million floating rate due on December 15, 2015.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Consolidated Balance Sheets [Abstract]
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	411,000,000	409,000,000

Consolidated Statements Of Stoc

Consolidated Statements Of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interests [Member]	Total
Balance, at Dec. 31, 2013	$ 41	$ 3,780	$ 15,410	$ 1,268			$ 20,499
Balance, shares, at Dec. 31, 2013	406
Net earnings (loss)			999			$ 30	1,029
Other comprehensive earnings (loss), net of tax				2			2
Stock option exercises		83					83
Stock option exercises, shares	1
Restricted stock grants, net of cancellations, shares	2
Common stock repurchased					$ (5)		(5)
Common stock retired		(5)			5
Common stock dividends			(189)				(189)
Share-based compensation		84					84
Share-based compensation tax benefits		1					1
Subsidiary equity transactions						27	27
Acquisition of noncontrolling interests						4,664	4,664
Distributions to noncontrolling interests						(141)	(141)
Other						5	5
Balance, at Jun. 30, 2014	$ 41	3,943	16,220	1,270		4,585	26,059
Balance, shares, at Jun. 30, 2014	409
Balance, at Dec. 31, 2014	$ 41	4,088	16,631	779		4,802	26,341
Balance, shares, at Dec. 31, 2014	409
Net earnings (loss)			(6,415)			33	(6,382)
Other comprehensive earnings (loss), net of tax				(251)			(251)
Stock option exercises		4					4
Restricted stock grants, net of cancellations, shares	2
Common stock repurchased					(23)		(23)
Common stock retired		(23)			$ 23
Common stock dividends			(197)				(197)
Share-based compensation		89					89
Subsidiary equity transactions		578				111	689
Distributions to noncontrolling interests						(118)	(118)
Other			(1)				(1)
Balance, at Jun. 30, 2015	$ 41	$ 4,736	$ 10,018	$ 528		$ 4,828	$ 20,151
Balance, shares, at Jun. 30, 2015	411

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	1. Summary of Significant Accounting Policies The accompanying unaudited interim financial statements and notes of Devon Energy Corporation (“Devon” , “we”, “us” or “our” ) have been prepared pursuant to the rules and regulations of the SEC. Pursuant to such rules and regulations, certain disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.”) have been omitted. The accompanying unaudited interim financial statements and notes should be read in conjunction with the financial statements and notes included in Devon’s 2014 Annual Report on Form 10-K. The accompanying unaudited interim financial statements furnished in this report reflect all adjustments that are, in the opinion of management, necessary for a fair statement of Devon’s results of operations and cash flows for the three-month and six-month periods ended June 30 , 2015 and 2014 and Devon’s financial position as of June 30 , 2015. Recently Issued Accounting Standards not yet Adopted The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) . This ASU provides guidance concerning the recognition and measurement of revenue from contracts with customers. Its objective is to increase the usefulness of information in the financial statements regarding the nature, timing and uncertainty of revenues. This ASU is effective for annual and interim periods beginning in 2018 and is required to be adopted using either the retrospective or cumulative effect transition method , with early adoption permitted in 2017 . Devon has not yet selected a transition method and is evaluating the impact this ASU will have on its consolidated financial statements and related disclosures. The FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . This ASU provides additional guidance to reporting entities in evaluating whether certain legal entities, such as limited partnerships, limited liability corporations and securitization structures, should be consolidated. The ASU is considered to be an improvement on current accounting requirements as it reduces the number of existing consolidation models. The ASU is effective for annual and interim periods beginning in 2016 and is required to be adopted using a retrospective or modified retrospective approach, with early adoption permitted. Devon is evaluating the impact this ASU will have on its consolidated financial statements and related disclosures. The FASB issued ASU 2015-03, Interest – Imputation of Interest (Topic 835) : Simplifying the Presentation of Debt Issuance Costs . This ASU requires debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability rather than as an asset . This ASU is effective for annual and interim periods beginning in 2016 and is required to be applied retrospectively , with early adoption permitted. Devon does not expect the adoption to have a material impact on its consolidated financial statements.

Acquisitions And Divestitures

Acquisitions And Divestitures	6 Months Ended
	Jun. 30, 2015
Acquisitions And Divestitures [Abstract]
Acquisitions And Divestitures	2. Acquisitions and Divestitures Acquisition of GeoSouthern and Formation of EnLink On February 28, 2014 , Devon completed its acquisition of interests in certain affiliates of GeoSouthern Energy Corporation (“GeoSouthern”). On March 7, 2014 , Devon, Crosstex Energy, Inc. and Crosstex Energy, LP (together with Crosstex Energy, Inc., “Crosstex”) completed a business combination to combine substantially all of Devon’s U.S. midstream assets with Crosstex’s assets to form a new midstream business. The new business consists of EnLink Midstream, LLC (the “ General Partner ”) and EnLink Midstream Partners, LP (“ EnLink ”) , which are both controlled by Devon and are publicly traded entities. The following unaudited pro forma financial information was prepared assuming both the GeoSouthern acquisition and the formation of EnLink and the General Partner occurred on January 1, 2014. The pro forma information has been included for comparative purposes only and is not intended to reflect the actual results of operations that would have occurred if the business combination and acquisition had been completed at the date indicated. In addition, it does not project Devon’s results of operations for any future period. Six Months Ended June 30, 2014 (Millions) Total operating revenues $ Net earnings $ Noncontrolling interests $ Net earnings attributable to Devon $ Net earnings per common share attributable to Devon $ EnLink Acquisitions The following table summarizes EnLink’s acquisition activity for the first six months of 2015: Purchase Price (Millions) Allocation (Millions) Date Acquiree Cash EnLink Units PP&E Goodwill Intangibles Other January 31 LPC Crude Oil Marketing LLC $100 - $30 $30 $43 ($3) March 16 Coronado Midstream Holdings LLC (“Coronado”) $242 $360 $302 $17 $281 $2 EnLink Dropdowns In February 2015, EnLink acquired a 25% equity interest in EnLink Midstream Holdings, LP (“EMH”) from the General Partner in exchange for units valued at approximately $925 million. In May 2015, EnLink acquired the remaining 25% equity interest in EMH from the General Partner in exchange for units valued at approximately $900 million. In April 2015, EnLink acquired the Victoria Express Pipeline and related truck terminal and storage assets (“VEX”) from Devon for approximately $180 million in cash and equity, subject to certain adjustments. EnLink also assumed approximately $35 million in certain future construction costs to expand the system to full capacity. Asset Divestitures In the second quarter of 2014, Devon sold Canadian conventional assets for $2.8 billion ( $3.125 billion Canadian dollars) and recognized a gain totaling $1.1 billion ( $0.6 billion after-tax) . Th is gain is included as a separate item in the accompanying consolidated comprehensive statements of earnings. Included in the gain calculation were asset retirement obligations of approximately $700 million assumed by the purchaser as well as the derecognition of approximately $700 million of goodwill allocated to the sold assets. In conjunction with the divestiture, Devon repatriated approximately $2.8 billion of proceeds to the U.S. in the second quarter of 2014, which were utilized to repay commercial paper and term loan balances. Between collecting the divestiture proceeds and repatriating funds to the U.S., Devon recognized an $84 million foreign currency exchange loss and a $29 million foreign currency derivative loss. These losses are included in other nonoperating items in the accompanying consolidated comprehensive statements of earnings.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2015
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	3 . Derivative Financial Instruments Objectives and Strategies Devon periodically enters into derivative financial instruments with respect to a portion of its oil, gas and NGL production to hedge future prices received. Additionally, Devon and EnLink periodically enter into derivative financial instruments with respect to a portion of their oil, gas and NGL marketing activities. These commodity derivative financial instruments include financial price swaps, basis swaps, costless price collars and call options. Devon periodically enters into interest rate swaps to manage its exposure to interest rate volatility. Devon periodically enters into foreign exchange forward contracts to manage its exposure to fluctuations in exchange rates. Devon does not intend to hold or issue derivative financial instruments for speculative trading purposes and has elected not to designate any of its derivative instruments for hedge accounting treatment. Counterparty Credit Risk By using derivative financial instruments, Devon is exposed to credit risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. To mitigate this risk, the hedging instruments are placed with a number of counterparties whom Devon believes are acceptable credit risks. It is Devon’s policy to enter into derivative contracts only with investment-grade rated counterparties deemed by management to be competent and competitive market makers. Additionally, Devon’s derivative contracts contain provisions that provide for collateral payments, depending on levels of exposure and the credit rating of the counterparty. As of June 30 , 2015 and December 31, 2014, Devon held $189 million and $524 million, respectively, of cash collateral which represented the estimated fair value of certain derivative positions in excess of Devon’s credit guidelines. The collateral is reported in other current liabilities in the accompanying consolidated balance sheets. Commodity Derivatives As of June 30 , 2015, Devon had the following open oil derivative positions. The first table presents Devon’s oil derivatives that settle against the average of the prompt month NYMEX West Texas Intermediate (“WTI”) futures price. The second table presents Devon’s oil derivatives that settle against the Western Canadian Select, West Texas Sour and Midland Sweet indices. Price Swaps Price Collars Call Options Sold Period Volume (Bbls/d) Weighted Average Price ($/Bbl) Volume (Bbls/d) Weighted Average Floor Price ($/Bbl) Weighted Average Ceiling Price ($/Bbl) Volume (Bbls/d) Weighted Average Price ($/Bbl) Q3-Q4 2015 106,000 $ 90.85 42,000 $ 82.40 $ 89.78 28,000 $ 116.43 Q1-Q4 2016 - $ - - $ - $ - 18,500 $ 103.11 Oil Basis Swaps Period Index Volume (Bbls/d) Weighted Average Differential to WTI ($/Bbl) Q3-Q4 2015 Western Canadian Select 40,000 $ Q3-Q4 2015 West Texas Sour 8,000 $ Q3-Q4 2015 Midland Sweet 16,000 $ Q1-Q4 2016 West Texas Sour 2,000 $ As of June 30 , 2015, Devon had the following open natural gas derivative positions. The first table presents Devon’s natural gas derivatives that settle against the Inside FERC first of the month Henry Hub index. The second table presents Devon’s natural gas derivatives that settle against the Panhandle Eastern Pipe Line, El Paso Natural Gas , Houston Ship Channel and Transco Zone 4 indices. Price Swaps Price Collars Call Options Sold Period Volume (MMBtu/d) Weighted Average Price ($/MMBtu) Volume (MMBtu/d) Weighted Average Floor Price ($/MMBtu) Weighted Average Ceiling Price ($/MMBtu) Volume (MMBtu/d) Weighted Average Price ($/MMBtu) Q3-Q4 2015 250,000 $ 4.32 462,500 $ 3.55 $ 3.85 550,000 $ 5.09 Q1-Q4 2016 - $ - - $ - $ - 400,000 $ 5.00 Natural Gas Basis Swaps Period Index Volume (MMBtu/d) Weighted Average Differential to Henry Hub ($/MMBtu) Q3-Q4 2015 Panhandle Eastern Pipe Line 100,000 $ (0.28) Q3-Q4 2015 El Paso Natural Gas 70,000 $ (0.11) Q3-Q4 2015 Houston Ship Channel 200,000 $ 0.01 Q1-Q4 2016 Panhandle Eastern Pipe Line 125,000 $ (0.34) Q1-Q4 2016 El Paso Natural Gas 15,000 $ (0.13) Q1-Q4 2016 Houston Ship Channel 30,000 $ 0.11 Q1-Q4 2016 Transco Zone 4 30,000 $ 0.01 Q1-Q4 2017 El Paso Natural Gas 30,000 $ (0.14) Q1-Q4 2017 Houston Ship Channel 35,000 $ 0.06 Q1-Q4 2017 Transco Zone 4 75,000 $ 0.04 As of June 30 , 2015, the following were open derivative positions associated with gas processing and fractionation at EnLink. EnLink’s NGL positions settle by purity product against the average of the prompt month OPIS Mont Belvieu, Texas index. EnLink’s natural gas derivatives settle against the Henry Hub Gas Daily index. Period Product Volume (Total) Weighted Average Price Paid Weighted Average Price Received Q3 2015-Q4 2016 Ethane 974 MBbls $ 0.28/gal Index Q3 2015-Q4 2016 Propane 1,094 MBbls Index $ 0.90/gal Q3 2015-Q2 2016 Normal Butane 132 MBbls Index $ 0.72/gal Q3 2015-Q2 2016 Natural Gasoline 9 3 MBbls Index $ 1.30/gal Q3 2015-Q2 2016 Natural Gas 4,017 MMBtu/d $ 3.27/MMBtu Index Interest Rate Derivatives As of June 30 , 2015, Devon had the following open interest rate derivative positions: Notional Rate Received Rate Paid Expiration (Millions) $ 100 Three Month LIBOR 0.92% December 2016 $ 100 1.76% Three Month LIBOR January 2019 Foreign Currency Derivatives As of June 30 , 2015, Devon had the following open foreign currency derivative position: Forward Contract Currency Contract Type CAD Notional Weighted Average Fixed Rate Received Expiration (Millions) (CAD-USD) Canadian Dollar Sell $ 0.808 September 2015 Financial Statement Presentation The following table presents the net gains and losses recognized in the accompanying consolidated comprehensive statements of earnings associated with derivative financial instruments. Comprehensive Statements of Three Months Ended June 30, Six Months Ended June 30, Earnings Caption 2015 2014 2015 2014 (Millions) Oil, gas and NGL commodity derivatives Oil, gas and NGL derivatives $ $ $ $ Midstream commodity derivatives Marketing and midstream revenues - Interest rate derivatives Other nonoperating items Foreign currency derivatives Other nonoperating items Net gains (losses) recognized in comprehensive statements of earnings $ $ $ $ The following table presents the derivative fair values included in the accompanying consolidated balance sheets. Balance Sheet Caption June 30, 2015 December 31, 2014 (Millions) Asset derivatives: Oil, gas and NGL commodity derivatives Derivatives, at fair value $ $ Oil, gas and NGL commodity derivatives Other long-term assets Midstream commodity derivatives Derivatives, at fair value Midstream commodity derivatives Other long-term assets Interest rate derivatives Derivatives, at fair value Interest rate derivatives Other long-term assets - Foreign currency derivatives Derivatives, at fair value Total asset derivatives $ $ Liability derivatives: Oil, gas and NGL commodity derivatives Other current liabilities $ $ Oil, gas and NGL commodity derivatives Other long-term liabilities Midstream commodity derivatives Other current liabilities Midstream commodity derivatives Other long-term liabilities Interest rate derivatives Other current liabilities Total liability derivatives $ $

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2015
Share-based Compensation [Abstract]
Share-Based Compensation	4 . Share-Based Compensation The following table presents the effects of share-based compensation included in Devon’s accompanying consolidated comprehensive statements of earnings. Devon’s gross general and administrative expense for the first six months of 2015 and 2014 includes $18 million and $6 million, respectively, of unit-based compensation related to grants made under EnLink’s long-term incentive plans. The vesting for certain share-based awards was accelerated in the first quarter of 2014 in conjunction with the divestiture of Devon’s Canadian conventional assets. For the six months ended June 30, 2014, approximately $15 million of associated expense for these accelerated awards is included in restructuring costs in the accompanying consolidated comprehensive statements of earnings. Six Months Ended June 30, 2015 2014 (Millions) Gross general and administrative expense $ $ Share-based compensation expense capitalized pursuant to the full cost method of accounting for oil and gas properties $ $ Related income tax benefit $ $ Under its 2009 Long-Term Incentive Plan, as amended (the “2009 Plan”), and its 2015 Long-Term Incentive Plan (the “2015 Plan”) , Devon granted share-based awards to certain employees and directors in the first six months of 2015. The following sections include information related to these awards. Restricted Stock Awards and Units The following table presents a summary of Devon’s unvested restricted stock awards and units. Restricted Stock Awards & Units Weighted Average Grant-Date Fair Value (Thousands) Unvested at December 31, 2014 $ Granted $ Vested $ Forfeited $ Unvested at June 30, 2015 $ As of June 30 , 2015, Devon’s unrecognized compensation cost related to unvested awards and units was $ 267 million. Such cost is expected to be recognized over a weighted-average period of 2.8 years. Performance-Based Restricted Stock Awards The following table presents a summary of Devon’s unvested performance-based restricted stock awards. Performance Restricted Stock Awards Weighted Average Grant-Date Fair Value (Thousands) Unvested at December 31, 2014 $ Granted $ Vested $ Unvested at June 30, 2015 $ As of June 30 , 2015, Devon’s unrecognized co mpensation cost related to unvested awards was $8 million. Such cost is expected to be recognized over a weighted-average period of 3.2 years. Performance Share Units The following table presents a summary of the grant-date fair values of performance share units granted in 2015 and the related assumptions. 2015 Grant-date fair value $ - $ Risk-free interest rate Volatility factor Contractual term (in years) The following table presents a summary of Devon’s performance share units. Performance Share Units Weighted Average Grant-Date Fair Value (Thousands) Unvested at December 31, 2014 $ Granted $ Vested $ Forfeited $ Unvested at June 30, 2015 (1) $ ____________________________ (1) A maximum of 3.8 million common shares could be awarded based upon Devon’s final total shareholder return ranking. As of June 30 , 2015, Devon’s unrecognized compensation cost related to unvested units was $64 million. Such cost is expected to be recognized over a weighted-average period of 2.2 years. 2015 Long-Term Incentive Plan In the second quarter of 20 15, Devon’s stockholders approved the 2015 Plan . T he 2015 Plan replaces the 2009 Plan. From the effective date of the 2015 Plan, no further awards may be made under the 2009 Plan, and awards previously granted will continue to be governed by the terms of the 2009 Plan. Subject to the terms of the 2015 Plan, awards may be made under the 2015 Plan for a total of 28 million shares of Devon common stock, plus the number of shares available for issuance under the 2009 Plan (including shares subject to outstanding awards under the 2009 Plan that are subsequently forfeited, cancelled or expire) . The 2015 Plan authorizes the Compensation Committee, which consists of independent, non-management members of Devon’s Board of Directors, to grant nonqualified and incentive stock options, restricted stock awards or units, Canadian restricted stock units, performance awards or units and stock appreciation rights to e ligible employees. The 2015 Plan also authorizes the grant of nonqualified stock options, r estricted stock awards or units and stock appreciation rights to non-employee directors . To calculate the number of shares that may be granted in awards under the 2015 Plan, options and stock appreciation rights represent one share and other awards represent three shares. EnLink Share-Based Awards In March 2015, the General Partner and EnLink issued restricted incentive units as bonus payments to officers and certain employees for 2014. The combined grant fair value was $7 million , and the total cost was recognized in the first quarter of 2015 due to the awards vesting immediately. As of June 30 , 2015, the General Partner and EnLink both had unrecognized compensation cost related to unvested restricted incentive units o f $24 million . Such cost is expected to be recognized for the General Partner and EnLink over a weighted-average period of 1.9 and 2.0 years , respectively . Additionally, the General Partner and EnLink both had unrecognized compensation cost related to unvested performance units of $4 million . Such cost is expected to be recognized over a weighted-average period of 2.5 years for both the General Partner and EnLink.

Asset Impairments

Asset Impairments	6 Months Ended
	Jun. 30, 2015
Asset Impairments [Abstract]
Asset Impairments	5 . Asset Impairments In the first six months of 2015, Devon recognized asset impairments as presented below. Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Gross Net of Taxes Gross Net of Taxes (Millions) U.S. oil and gas assets $ $ $ $ Other assets Total asset impairments $ $ $ $ Oil and Gas Impairments Under the full cost method of accounting, capitalized costs of oil and gas properties, net of accumulated DD&A and deferred income taxes, may not exceed the full cost “ceiling” at the end of each quarter. The ceiling is calculated separately for each country and is based on the present value of estimated future net cash flows from proved oil and gas reserves, discounted at 10 % per annum, net of related tax effects. Estimated future net cash flows are calculated using end-of-period costs and an unweighted arithmetic average of commodity prices in effect on the first day of each of the previous 12 months. The oil and gas impairments resulted from a decline in the U.S. full cost ceiling. This lower ceiling value resulted from decreases in the 12-month average trailing prices for oil, gas and NGLs, which reduced proved reserve s and proved reserves values.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Income Taxes	6 . Income Taxes The following table presents Devon’s total income tax expense (benefit) and a reconciliation of its effective income tax rate to the U.S. statutory income tax rate. Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Total income tax expense (benefit) (millions) $ $ $ $ U.S. statutory income tax rate (35)% (35)% Taxation on Canadian operations State income taxes (2)% (2)% Repatriations Taxes on General Partner formation Other (2)% (1)% (1)% Effective income tax rate (38)% (37)% Devon estimates its annual effective income tax rate in recording its quarterly provision for income taxes in the various jurisdictions in which it operates. Statutory tax rate changes and other significant or unusual items are recognized as discrete items in the quarter in which they occur. In the second quarter of 2015, Devon recognized $57 million of income tax benefits in conjunction with favorable tax settlements . In addition, changes in statutory tax rates in Texas and the province of Alberta, Canada resulted in a net increase to deferred tax expense of $44 million. Devon and its subsidiaries are subject to U.S. federal income tax as well as income or capital taxes in various state and foreign jurisdictions. Devon’s tax reserves are related to tax years that may be subject to examination by the relevant taxing authority. Devon is under audit in the U.S. and various foreign jurisdictions as part of its normal course of business. In the second quarter of 2014, Devon recognized $247 million of additional income tax expense related to the $2.8 billion of repatriations to the U.S. Prior to the repatriation, Devon had recognized a $143 million deferred income tax liability associated with the planned repatriation. When the repatriation was made, Devon retained a larger property basis in Canada than was previously estimated, resulting in the incremental tax in the second quarter. In the first quarter of 2014, Devon recorded a $48 million deferred tax liability in conjunction with the formation of the General Partner , which impacted the effective tax rate as reflected in the table above.

Net Earnings (Loss) Per Share A

Net Earnings (Loss) Per Share Attributable To Devon	6 Months Ended
	Jun. 30, 2015
Net earnings (loss) per share attributable to Devon:
Net Earnings (Loss) Per Share Attributable To Devon	7 . Net Earnings (Loss) Per Share Attributable to Devon The following table reconciles net earnings (loss) attributable to Devon and common shares outstanding used in the calculations of basic and diluted net earnings per share. Common Earnings (loss) Earnings (loss) Shares per Share (Millions, except per share amounts) Three Months Ended June 30, 2015: Net loss attributable to Devon $ Attributable to participating securities Basic net loss per share $ Dilutive effect of potential common shares issuable - - Diluted net loss per share $ $ Three Months Ended June 30, 2014: Net earnings attributable to Devon $ Attributable to participating securities Basic net earnings per share $ Dilutive effect of potential common shares issuable - Diluted net earnings per share $ $ Six Months Ended June 30, 2015: Net loss attributable to Devon $ Attributable to participating securities Basic loss earnings per share $ Dilutive effect of potential common shares issuable - - Diluted net loss per share $ $ Six Months Ended June 30, 2014: Net earnings attributable to Devon $ Attributable to participating securities Basic net earnings per share $ Dilutive effect of potential common shares issuable - Diluted net earnings per share $ $ Certain options to purchase shares of Devon’s common stock are excluded from the dilution calculation because the options are antidilutive. During the t hree-month and six-month periods ended June 30, 2015, 3.3 million shares and 4.0 million shares, respectively, were excluded from the diluted net earnings per share calculations. During the three-month and six-month periods ended June 30, 2014, 2.6 million shares and 3.4 million shares, respectively, were excluded from the diluted net earnings per share calculations.

Other Comprehensive Earnings

Other Comprehensive Earnings	6 Months Ended
	Jun. 30, 2015
Other Comprehensive Earnings [Abstract]
Other Comprehensive Earnings	8 . Other Comprehensive Earnings Components of other comprehensive earnings consist of the following: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (Millions) Foreign currency translation: Beginning accumulated foreign currency translation $ $ $ $ Change in cumulative translation adjustment Income tax benefit (expense) Ending accumulated foreign currency translation Pension and postretirement benefit plans: Beginning accumulated pension and postretirement benefits Recognition of net actuarial loss and prior service cost in earnings (1) Income tax expense Ending accumulated pension and postretirement benefits Accumulated other comprehensive earnings, net of tax $ $ $ $ __________________________ (1) These accumulated other comprehensive earnings components are included in the computation of net periodic benefit cost, which is a component of general and administrative expenses on the accompanying consolidated comprehensive statements of earnings. See Note 14 for additional details .

Supplemental Information To Sta

Supplemental Information To Statements Of Cash Flows	6 Months Ended
	Jun. 30, 2015
Supplemental Information To Statements Of Cash Flows [Abstract]
Supplemental Information To Statements Of Cash Flows	9. Supplemental Information to Statements of Cash Flows Six Months Ended June 30, 2015 2014 (Millions) Net change in working capital accounts: Accounts receivable $ $ Income taxes receivable - Other current assets Accounts payable Revenues and royalties payable Other current liabilities Net change in working capital $ $ Interest paid (net of capitalized interest) $ $ Income taxes paid (received) $ $ On March 7, 2014, Devon completed a business combination to form EnLink. With the exception of a $100 million cash payment to noncontrolling interests, the business combination was a non-monetary transaction. Furthermore, EnLink’s noncash acquisition activity during the first six months of 2015 included a portion of the Coronado transaction. See Note 2 for additional details.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2015
Accounts Receivable [Abstract]
Accounts Receivable	10. Accounts Receivable The components of accounts receivable include the following: June 30, 2015 December 31, 2014 (Millions) Oil, gas and NGL sales $ $ Joint interest billings Marketing and midstream revenues Other Gross accounts receivable Allowance for doubtful accounts Net accounts receivable $ $

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill And Other Intangible Assets [Abstract]
Goodwill And Other Intangible Assets	1 1 . Goodwill and Other Intangible Assets See Note 2 for discussion of changes in goodwill and other intangible assets resulting from acquisitions during the first six months of 2015. The following table presents other intangible assets reported in other long-term assets in the accompanying consolidated balance sheets. June 30, 2015 December 31, 2014 (Millions) Customer relationships $ $ Accumulated amortization Net intangibles $ $ The weighted-average amortization period for intangible assets is 11.2 years. Amortization expense for intangibles was approximately $18.2 million and $11.3 million for the three months ended June 30, 2015 and 2014, respectively, and $29.7 million and $13.0 million for the six months ended June 30, 2015 and 2014, respectively. The following table summarizes the estimated remaining aggregate amortization expense for the next five years. Year Amortization Amount (Millions) 2015 $ 2016 $ 2017 $ 2018 $ 2019 $

Debt

Debt	6 Months Ended
	Jun. 30, 2015
Debt [Abstract]
Debt	1 2 . Debt A summary of debt is as follows: June 30, 2015 December 31, 2014 (Millions) Devon debt Commercial paper $ $ Floating rate due December 15, 2015 Floating rate due December 15, 2016 8.25% due July 1, 2018 2.25% due December 15, 2018 6.30% due January 15, 2019 4.00% due July 15, 2021 3.25% due May 15, 2022 7.50% due September 15, 2027 7.875% due September 30, 2031 7.95% due April 15, 2032 5.60% due July 15, 2041 4.75% due May 15, 2042 5.00% due June 15, 2045 - Net discount on debentures and notes Total Devon debt EnLink debt Credit facilities 2.70% due April 1, 2019 7.125% due June 1, 2022 4.40% due April 1, 2024 4.15% due June 1, 2025 - 5.60% due April 1, 2044 5.05% due April 1, 2045 Net premium on debentures and notes Total EnLink debt Total debt Less amount classified as short-term debt (1) Total long-term debt $ $ ____________________________ (1) Short-term debt as of June 30 , 2015 consists of $ 170 million of commercial paper and $500 million floating rate due on December 15, 2015. Short-term debt as of December 31, 2014 consists of $932 million of commercial paper and $500 million floating rate due on December 15, 2015. Long-Term Debt In June 2015, Devon issued $750 million of 5.0% senior notes that are unsecured and unsubordinated obligations. Devon intends to use the net proceeds to repay the aggregate principal amount of the floating rate senior notes due 2015, when they mature on December 15, 2015 . Pending that use, part of the net proceeds have been used to repay a portion of outstanding commercial paper balances. Commercial Paper As of June 30 , 2015, Devon had $170 million outstanding commercial paper borrowings at an average rate of 0.45% . Credit Lines Devon has a $3.0 billion syndicated, unsecured revolving line of credit (the “Senior Credit Facility”). As of June 30, 2015, there were no borrowings under the Senior Credit Facility. The Senior Credit Facility contains only one material financial covenant. This covenant requires Devon’s ratio of total funded debt to total capitalization, as defined in the credit agreement, to be no greater than 65 % . As of June 30 , 2015, Devon was in compliance with this covenant with a debt-to-capitalization ratio of 22.1 % . EnLink Debt All of EnLink’s and the General Partner’s debt is non-recourse to Devon. EnLink has a $1.5 billion unsecured revolving credit facility. As of June 30 , 2015, there were $2.9 million in outstanding letters of credit and $150 million outstanding borrowings at an average rate of 1.62 % under the $1.5 billion credit facility, leaving approximately $1.3 b illion available for future borrowing. The General Partner has a $250 million revolving credit facility. As of June 30 , 2015, the General Partner had no outstanding borrowings under the $250 million credit facility. EnLink and the General Partner were in compliance with all financial covenants as of June 30 , 2015. In May 2015, EnLink issued $900 million principal amount of unsecured senior notes, consisting of $750 million principal amount of its 4.15% senior notes due 2025 and an additional $150 million principal amount of its 5.05% senior notes due 2045. EnLink used the net proceeds to repay outstanding borrowings under its revolving credit facility , for capital expenditures and for general partnership purposes.

Asset Retirement Obligations

Asset Retirement Obligations	6 Months Ended
	Jun. 30, 2015
Asset Retirement Obligations [Abstract]
Asset Retirement Obligations	1 3 . Asset Retirement Obligations The schedule below summarizes changes in Devon’ s asset retirement obligations. Six Months Ended June 30, 2015 2014 (Millions) Asset retirement obligations as of beginning of period $ $ Liabilities incurred Liabilities settled Revision of estimated obligation Liabilities assumed by others Accretion expense on discounted obligation Foreign currency translation adjustment Asset retirement obligations as of end of period Less current portion Asset retirement obligations, long-term $ $ During the first six months of 2014, Devon reduced its asset retirement obligations by $731 million for those obligations that were assumed by the purchasers of certain Devon Canadian oil and gas properties.

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 30, 2015
Retirement Plans [Abstract]
Retirement Plans	1 4 . Retirement Plans The following table presents the components of net periodic benefit cost for Devon’s pension and postretirement benefit plans. Pension Benefits Postretirement Benefits Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 2015 2014 2015 2014 (Millions) Service cost $ $ $ $ $ - $ - $ - $ - Interest cost - - - - Expected return on plan assets - - - - Amortization of prior service cost (1) - - Net actuarial loss (gain) (1) - - Net periodic benefit cost (2) $ $ $ $ $ $ $ $ __________________________ (1) These net periodic benefit costs were reclassified out of other comprehensive earnings in the current period. (2) Net periodic benefit cost is a component of general and administrative expenses on the accompanying consolidated comprehensive statements of earnings .

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity [Abstract]
Stockholders' Equity	1 5 . Stockholders’ Equity Dividends Devon paid common stock dividends of $197 million and $189 million in the first six months of 2015 and 2014, respectively. Devon increased the quarterly cash dividend rate from $0.22 per share to $0.24 per share in the second quarter of 2014. Stock Option Proceeds Devon received $4 million and $83 million from stock option proceeds during the first six months of 2015 and 2014, respectively.

Noncontrolling Interests

Noncontrolling Interests	6 Months Ended
	Jun. 30, 2015
Noncontrolling Interests [Abstract]
Noncontrolling interests	16. Noncontrolling Interests Subsidiary Equity Transactions I n March 2015, Devon conducted an underwritten secondary public offering of 22.8 million common units representing limited partner interests in EnLink, raising net proceeds of approximately $569 million. In April 2015, as part of the secondary public offering, the underwriters fully exercised their option to purchase an additional 3.4 million EnLink common units from Devon, resulting in an incremental $85 million of net proceeds raised. As a result of these transactions and the Coronado acquisition and dropdown transactions discussed in Note 2 , Devon’s ownership interest in EnLink decreased from 49% at December 31, 2014 to 29% at June 30, 2015 , excluding the interest held by the General Partner. The net gains and losses and related income taxes resulting from these transactions have been recorded as an adjustment to equity, and the change in ownership reflected as an adjustment to noncontrolling interests. Distributions to N onco ntrolling I nterests EnLink and the General Partner distributed $118 million and $ 141 million to non-Devon unitholders during the first six months of 2015 and 2014, respectively.

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies [Abstract]
Commitments And Contingencies	1 7 . Commitments and Contingencies Devon is party to various legal actions arising in the normal course of business. Matters that are probable of unfavorable outcome to Devon and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, Devon’s estimates of the outcomes of such matters and its experience in contesting, litigating and settling similar matters. None of the actions are believed by management to involve future amounts that would be material to Devon’s financial position or results of operations after consideration of recorded accruals. Actual amounts could differ materially from management’s estimates. Royalty Matters Numerous oil and natural gas producers and related parties, including Devon, have been named in various lawsuits alleging royalty underpayments. The suits allege that the producers and related parties used below-market prices, made improper deductions, used improper measurement techniques and entered into gas purchase and processing arrangements with affiliates that resulted in underpayment of royalties in connection with oil, natural gas and NGLs produced and sold. Devon is also involved in governmental agency proceedings and is subject to related contracts and regulatory controls in the ordinary course of business, some that may lead to additional royalty claims. Devon does not currently believe that it is subject to material exposure with respect to such royalty matters. Environmental Matters Devon is subject to certain laws and regulations relating to environmental remediation activities associated with past operations, such as the Comprehensive Environmental Response, Compensation, and Liability Act and similar state statutes. In response to liabilities associated with these activities, loss accruals primarily consist of estimated uninsured remediation costs. Devon’s monetary exposure for environmental matters is not expected to be material. Other Matters Devon is involved in other various routine legal proceedings incidental to its business. However, to Devon’s knowledge, there were no other material pending legal proceedings to which Devon is a party or to which any of its property is subject.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	1 8 . Fair Value Measurements The following tables provide carrying value and fair value measurement information for certain of Devon’s financial assets and liabilities. The carrying values of cash, accounts receivable, other current receivables, accounts payable, other current payables and accrued expenses included in the accompanying consolidated balance sheets approximated fair value at June 30 , 2015 and December 31, 2014. Therefore, such financial assets and liabilities are not pre sented in the following tables. Additionally, information regarding the fair values of oil and gas assets is provided in Note 5. Fair Value Measurements Using: Carrying Total Fair Level 1 Level 2 Level 3 Amount Value Inputs Inputs Inputs (Millions) June 30, 2015 assets (liabilities): Cash equivalents $ $ $ $ $ - Oil, gas and NGL commodity derivatives $ $ $ - $ $ - Oil, gas and NGL commodity derivatives $ $ $ - $ $ - Midstream commodity derivatives $ $ $ - $ $ - Midstream commodity derivatives $ $ $ - $ $ - Interest rate derivatives $ $ $ - $ $ - Interest rate derivatives $ $ $ - $ $ - Foreign currency derivatives $ $ $ - $ $ - Debt $ $ $ - $ (12,880) $ - Capital lease obligations $ $ $ - $ $ - December 31, 2014 assets (liabilities): Cash equivalents $ $ $ $ $ - Oil, gas and NGL commodity derivatives $ $ $ - $ $ - Oil, gas and NGL commodity derivatives $ $ $ - $ $ - Midstream commodity derivatives $ $ $ - $ $ - Midstream commodity derivatives $ $ $ - $ $ - Interest rate derivatives $ $ $ - $ $ - Interest rate derivatives $ $ $ - $ $ - Foreign currency derivatives $ $ $ - $ $ - Debt $ $ $ - $ $ - Capital lease obligations $ $ $ - $ $ - The following methods and assumptions were used to estimate the fair values in the tables above. Level 1 Fair Value Measurements Cash equivalents — Amounts consist primarily of money market investments. The fair value approximates the carrying value. Level 2 Fair Value Measurements Cash equivalents — Amounts consist primarily of Canadian agency and provincial securities and commercial paper investments. The fair value approximates the carrying value. Commodity, interest rate and foreign currency derivatives — The fair values of commodity, interest rate and foreign currency derivatives are estimated using internal discounted cash flow calculations based upon forward curves and data obtained from independent third parties for contracts with similar terms or data obtained from counterparties to the agreements. Debt — Devon’s debt instruments do not actively trade in an established market. The fair values of its debt are estimated based on rates available for debt with similar terms and maturity. The fair value s of commercial paper and credit facility balances are the carrying value s . Capital lease obligations — The fair value was calculated using inputs from third-party banks.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Information [Abstract]
Segment Information	19. Segment Information Devon manages its operations through distinct operating segments, which are defined primarily by geographic areas. For financial reporting purposes, Devon aggregates its U.S. exploration and production operating segments into one reporting segment due to the similar nature of the businesses. However, Devon’s Canadian exploration and production operating segment is reported as a separate reporting segment primarily due to the significant differences between the U.S. and Canadian regulatory environments. Devon’s U.S. and Canadian segments are both primarily engaged in oil and gas exploration and production activities. EnLink, combined with the General Partner, is presented as a separate reporting segment. Devon considers EnLink’s operations distinct from the U.S. and Canadian operating segments. Additionally, EnLink has a management team that is primarily responsible for capital and resource allocation decisions. U.S. (1) Canada EnLink (1) Eliminations Total (Millions) Three Months Ended June 30, 2015: Revenues from external customers $ $ $ $ - $ Intersegment revenues $ - $ - $ $ $ - Depreciation, depletion and amortization $ $ $ $ - $ Interest expense $ $ $ $ $ Asset impairments $ $ - $ - $ - $ Earnings (loss) before income taxes $ $ $ $ - $ Income tax expense (benefit) $ $ $ $ - $ Net earnings (loss) $ $ $ $ - $ Net earnings attributable to noncontrolling interests $ $ - $ $ - $ Net earnings (loss) attributable to Devon $ $ $ $ - $ Capital expenditures $ $ $ $ - $ Three Months Ended June 30, 2014: Revenues from external customers $ $ $ $ - $ Intersegment revenues $ - $ - $ $ $ - Depreciation, depletion and amortization $ $ $ $ - $ Interest expense $ $ $ $ $ Earnings before income taxes $ $ $ $ - $ Income tax expense $ $ $ $ - $ Net earnings (loss) $ $ $ $ - $ Net earnings attributable to noncontrolling interests $ $ - $ $ - $ Net earnings (loss) attributable to Devon $ $ $ $ - $ Capital expenditures $ $ $ $ - $ Six Months Ended June 30, 2015: Revenues from external customers $ $ $ $ - $ Intersegment revenues $ - $ - $ $ $ - Depreciation, depletion and amortization $ $ $ $ - $ Interest expense $ $ $ $ $ Asset impairments $ $ - $ - $ - $ Earnings (loss) before income taxes $ $ $ $ - $ Income tax expense (benefit) $ $ $ $ - $ Net earnings (loss) $ $ $ $ - $ Net earnings attributable to noncontrolling interests $ $ - $ $ - $ Net earnings (loss) attributable to Devon $ $ $ $ - $ Property and equipment, net $ $ $ $ - $ Total assets $ $ $ $ $ Capital expenditures $ $ $ $ - $ Six Months Ended June 30, 2014: Revenues from external customers $ $ $ $ - $ Intersegment revenues $ - $ - $ $ $ - Depreciation, depletion and amortization $ $ $ $ - $ Interest expense $ $ $ $ $ Earnings before income taxes $ $ $ $ - $ Income tax expense $ $ $ $ - $ Net earnings $ $ $ $ - $ Net earnings attributable to noncontrolling interests $ $ - $ $ - $ Net earnings attributable to Devon $ $ $ $ - $ Property and equipment, net $ $ $ $ - $ Total assets $ $ $ $ $ Capital expenditures $ $ $ $ - $ Year Ended December 31, 2014: Property and equipment, net $ $ $ $ - $ Total assets $ $ $ $ $ ____________________________ (1) Due to Devon’s control of EnLink through its control of the General Partner, the acquisition of VEX by EnLink from Devon was considered a transfer of net assets between entities under common control, and EnLink was required to recast its financial statements as of June 30, 2015 to include the activities of such assets from the date of common control. Therefore, the results of VEX for prior periods have been moved from the U.S. segment to the EnLink segment.

Summary Of Significant Accoun26

Summary Of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies [Abstract]
Commitments And Contingencies	Devon is party to various legal actions arising in the normal course of business. Matters that are probable of unfavorable outcome to Devon and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, Devon’s estimates of the outcomes of such matters and its experience in contesting, litigating and settling similar matters. None of the actions are believed by management to involve future amounts that would be material to Devon’s financial position or results of operations after consideration of recorded accruals. Actual amounts could differ materially from management’s estimates.
Recently Issued Accounting Standards Not Yet Adopted	Recently Issued Accounting Standards not yet Adopted The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) . This ASU provides guidance concerning the recognition and measurement of revenue from contracts with customers. Its objective is to increase the usefulness of information in the financial statements regarding the nature, timing and uncertainty of revenues. This ASU is effective for annual and interim periods beginning in 2018 and is required to be adopted using either the retrospective or cumulative effect transition method , with early adoption permitted in 2017 . Devon has not yet selected a transition method and is evaluating the impact this ASU will have on its consolidated financial statements and related disclosures. The FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . This ASU provides additional guidance to reporting entities in evaluating whether certain legal entities, such as limited partnerships, limited liability corporations and securitization structures, should be consolidated. The ASU is considered to be an improvement on current accounting requirements as it reduces the number of existing consolidation models. The ASU is effective for annual and interim periods beginning in 2016 and is required to be adopted using a retrospective or modified retrospective approach, with early adoption permitted. Devon is evaluating the impact this ASU will have on its consolidated financial statements and related disclosures. The FASB issued ASU 2015-03, Interest – Imputation of Interest (Topic 835) : Simplifying the Presentation of Debt Issuance Costs . This ASU requires debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability rather than as an asset . This ASU is effective for annual and interim periods beginning in 2016 and is required to be applied retrospectively , with early adoption permitted. Devon does not expect the adoption to have a material impact on its consolidated financial statements.

Commitment And Contingencies Po

Commitment And Contingencies Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies [Abstract]
Commitments and Contingencies, Policy [Policy Text Block]	Devon is party to various legal actions arising in the normal course of business. Matters that are probable of unfavorable outcome to Devon and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, Devon’s estimates of the outcomes of such matters and its experience in contesting, litigating and settling similar matters. None of the actions are believed by management to involve future amounts that would be material to Devon’s financial position or results of operations after consideration of recorded accruals. Actual amounts could differ materially from management’s estimates.

Acquisitions And Divestitures (

Acquisitions And Divestitures (Tables)	6 Months Ended
	Jun. 30, 2015
EnLink [Member]
Business Acquisition [Line Items]
Purchase Price Allocation of EnLink's Acquisition Activity	Purchase Price (Millions) Allocation (Millions) Date Acquiree Cash EnLink Units PP&E Goodwill Intangibles Other January 31 LPC Crude Oil Marketing LLC $100 - $30 $30 $43 ($3) March 16 Coronado Midstream Holdings LLC (“Coronado”) $242 $360 $302 $17 $281 $2
General Partner and EnLink And GeoSouthern [Member]
Business Acquisition [Line Items]
Schedule Of Unaudited Proforma Information For General Partner and EnLink And GeoSouthern	Six Months Ended June 30, 2014 (Millions) Total operating revenues $ Net earnings $ Noncontrolling interests $ Net earnings attributable to Devon $ Net earnings per common share attributable to Devon $

Derivative Financial Instrume29

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative [Line Items]
Schedule of Derivative Financial Instruments included in the Consolidated Comprehensive Statements of Earnings	Comprehensive Statements of Three Months Ended June 30, Six Months Ended June 30, Earnings Caption 2015 2014 2015 2014 (Millions) Oil, gas and NGL commodity derivatives Oil, gas and NGL derivatives $ $ $ $ Midstream commodity derivatives Marketing and midstream revenues - Interest rate derivatives Other nonoperating items Foreign currency derivatives Other nonoperating items Net gains (losses) recognized in comprehensive statements of earnings $ $ $ $
Schedule of Derivative Financial Instruments included in the Consolidated Balance Sheets	Balance Sheet Caption June 30, 2015 December 31, 2014 (Millions) Asset derivatives: Oil, gas and NGL commodity derivatives Derivatives, at fair value $ $ Oil, gas and NGL commodity derivatives Other long-term assets Midstream commodity derivatives Derivatives, at fair value Midstream commodity derivatives Other long-term assets Interest rate derivatives Derivatives, at fair value Interest rate derivatives Other long-term assets - Foreign currency derivatives Derivatives, at fair value Total asset derivatives $ $ Liability derivatives: Oil, gas and NGL commodity derivatives Other current liabilities $ $ Oil, gas and NGL commodity derivatives Other long-term liabilities Midstream commodity derivatives Other current liabilities Midstream commodity derivatives Other long-term liabilities Interest rate derivatives Other current liabilities Total liability derivatives $ $
Open Oil Derivative Positions [Member]
Derivative [Line Items]
Schedule Of Open Derivative Positions	Price Swaps Price Collars Call Options Sold Period Volume (Bbls/d) Weighted Average Price ($/Bbl) Volume (Bbls/d) Weighted Average Floor Price ($/Bbl) Weighted Average Ceiling Price ($/Bbl) Volume (Bbls/d) Weighted Average Price ($/Bbl) Q3-Q4 2015 106,000 $ 90.85 42,000 $ 82.40 $ 89.78 28,000 $ 116.43 Q1-Q4 2016 - $ - - $ - $ - 18,500 $ 103.11 Oil Basis Swaps Period Index Volume (Bbls/d) Weighted Average Differential to WTI ($/Bbl) Q3-Q4 2015 Western Canadian Select 40,000 $ Q3-Q4 2015 West Texas Sour 8,000 $ Q3-Q4 2015 Midland Sweet 16,000 $ Q1-Q4 2016 West Texas Sour 2,000 $
Open Natural Gas Derivative Positions [Member]
Derivative [Line Items]
Schedule Of Open Derivative Positions	Price Swaps Price Collars Call Options Sold Period Volume (MMBtu/d) Weighted Average Price ($/MMBtu) Volume (MMBtu/d) Weighted Average Floor Price ($/MMBtu) Weighted Average Ceiling Price ($/MMBtu) Volume (MMBtu/d) Weighted Average Price ($/MMBtu) Q3-Q4 2015 250,000 $ 4.32 462,500 $ 3.55 $ 3.85 550,000 $ 5.09 Q1-Q4 2016 - $ - - $ - $ - 400,000 $ 5.00 Natural Gas Basis Swaps Period Index Volume (MMBtu/d) Weighted Average Differential to Henry Hub ($/MMBtu) Q3-Q4 2015 Panhandle Eastern Pipe Line 100,000 $ (0.28) Q3-Q4 2015 El Paso Natural Gas 70,000 $ (0.11) Q3-Q4 2015 Houston Ship Channel 200,000 $ 0.01 Q1-Q4 2016 Panhandle Eastern Pipe Line 125,000 $ (0.34) Q1-Q4 2016 El Paso Natural Gas 15,000 $ (0.13) Q1-Q4 2016 Houston Ship Channel 30,000 $ 0.11 Q1-Q4 2016 Transco Zone 4 30,000 $ 0.01 Q1-Q4 2017 El Paso Natural Gas 30,000 $ (0.14) Q1-Q4 2017 Houston Ship Channel 35,000 $ 0.06 Q1-Q4 2017 Transco Zone 4 75,000 $ 0.04
Gas Processing And Fractionation Open Positions [Member] | EnLink [Member]
Derivative [Line Items]
Schedule Of Open Derivative Positions	Period Product Volume (Total) Weighted Average Price Paid Weighted Average Price Received Q3 2015-Q4 2016 Ethane 974 MBbls $ 0.28/gal Index Q3 2015-Q4 2016 Propane 1,094 MBbls Index $ 0.90/gal Q3 2015-Q2 2016 Normal Butane 132 MBbls Index $ 0.72/gal Q3 2015-Q2 2016 Natural Gasoline 9 3 MBbls Index $ 1.30/gal Q3 2015-Q2 2016 Natural Gas 4,017 MMBtu/d $ 3.27/MMBtu Index
Interest Rate Derivatives [Member]
Derivative [Line Items]
Schedule Of Open Derivative Positions	Notional Rate Received Rate Paid Expiration (Millions) $ 100 Three Month LIBOR 0.92% December 2016 $ 100 1.76% Three Month LIBOR January 2019
Foreign Currency Derivatives [Member]
Derivative [Line Items]
Schedule Of Open Derivative Positions	Forward Contract Currency Contract Type CAD Notional Weighted Average Fixed Rate Received Expiration (Millions) (CAD-USD) Canadian Dollar Sell $ 0.808 September 2015

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Share-based Compensation [Abstract]
Schedule Of The Effects Of Share-Based Compensation Included In The Consolidated Comprehensive Statements Of Earnings	Six Months Ended June 30, 2015 2014 (Millions) Gross general and administrative expense $ $ Share-based compensation expense capitalized pursuant to the full cost method of accounting for oil and gas properties $ $ Related income tax benefit $ $
Summary of Unvested Restricted Stock Awards And Units, Including Changes During the Year	Restricted Stock Awards & Units Weighted Average Grant-Date Fair Value (Thousands) Unvested at December 31, 2014 $ Granted $ Vested $ Forfeited $ Unvested at June 30, 2015 $
Summary Of Unvested Performance-Based Restricted Stock Awards, Including Changes During The Year	Performance Restricted Stock Awards Weighted Average Grant-Date Fair Value (Thousands) Unvested at December 31, 2014 $ Granted $ Vested $ Unvested at June 30, 2015 $
Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions	2015 Grant-date fair value $ - $ Risk-free interest rate Volatility factor Contractual term (in years)
Summary of Unvested Performance Share Units, Including Changes During the Year	Performance Share Units Weighted Average Grant-Date Fair Value (Thousands) Unvested at December 31, 2014 $ Granted $ Vested $ Forfeited $ Unvested at June 30, 2015 (1) $ ____________________________ (1) A maximum of 3.8 million common shares could be awarded based upon Devon’s final total shareholder return ranking.

Asset Impairments (Tables)

Asset Impairments (Tables)	6 Months Ended
	Jun. 30, 2015
Asset Impairments [Abstract]
Schedule Of Asset Impairments	Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Gross Net of Taxes Gross Net of Taxes (Millions) U.S. oil and gas assets $ $ $ $ Other assets Total asset impairments $ $ $ $

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Schedule Of Effective Income Tax Reconciliation	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Total income tax expense (benefit) (millions) $ $ $ $ U.S. statutory income tax rate (35)% (35)% Taxation on Canadian operations State income taxes (2)% (2)% Repatriations Taxes on General Partner formation Other (2)% (1)% (1)% Effective income tax rate (38)% (37)%

Net Earnings (Loss) Per Share33

Net Earnings (Loss) Per Share Attributable To Devon (Tables)	6 Months Ended
	Jun. 30, 2015
Net earnings (loss) per share attributable to Devon:
Net Earnings (Loss) Per Share Computations	Common Earnings (loss) Earnings (loss) Shares per Share (Millions, except per share amounts) Three Months Ended June 30, 2015: Net loss attributable to Devon $ Attributable to participating securities Basic net loss per share $ Dilutive effect of potential common shares issuable - - Diluted net loss per share $ $ Three Months Ended June 30, 2014: Net earnings attributable to Devon $ Attributable to participating securities Basic net earnings per share $ Dilutive effect of potential common shares issuable - Diluted net earnings per share $ $ Six Months Ended June 30, 2015: Net loss attributable to Devon $ Attributable to participating securities Basic loss earnings per share $ Dilutive effect of potential common shares issuable - - Diluted net loss per share $ $ Six Months Ended June 30, 2014: Net earnings attributable to Devon $ Attributable to participating securities Basic net earnings per share $ Dilutive effect of potential common shares issuable - Diluted net earnings per share $ $

Other Comprehensive Earnings (T

Other Comprehensive Earnings (Tables)	6 Months Ended
	Jun. 30, 2015
Other Comprehensive Earnings [Abstract]
Components Of Other Comprehensive Earnings	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (Millions) Foreign currency translation: Beginning accumulated foreign currency translation $ $ $ $ Change in cumulative translation adjustment Income tax benefit (expense) Ending accumulated foreign currency translation Pension and postretirement benefit plans: Beginning accumulated pension and postretirement benefits Recognition of net actuarial loss and prior service cost in earnings (1) Income tax expense Ending accumulated pension and postretirement benefits Accumulated other comprehensive earnings, net of tax $ $ $ $ __________________________ (1) These accumulated other comprehensive earnings components are included in the computation of net periodic benefit cost, which is a component of general and administrative expenses on the accompanying consolidated comprehensive statements of earnings. See Note 14 for additional details .

Supplemental Information To S35

Supplemental Information To Statements Of Cash Flows (Tables)	6 Months Ended
	Jun. 30, 2015
Supplemental Information To Statements Of Cash Flows [Abstract]
Schedule Of Supplemental To Cash Flow Information	Six Months Ended June 30, 2015 2014 (Millions) Net change in working capital accounts: Accounts receivable $ $ Income taxes receivable - Other current assets Accounts payable Revenues and royalties payable Other current liabilities Net change in working capital $ $ Interest paid (net of capitalized interest) $ $ Income taxes paid (received) $ $

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2015
Accounts Receivable [Abstract]
Schedule Of Components Of Accounts Receivable	June 30, 2015 December 31, 2014 (Millions) Oil, gas and NGL sales $ $ Joint interest billings Marketing and midstream revenues Other Gross accounts receivable Allowance for doubtful accounts Net accounts receivable $ $

Goodwill And Other Intangible37

Goodwill And Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill And Other Intangible Assets [Abstract]
Schedule Of Other Intangible Assets	June 30, 2015 December 31, 2014 (Millions) Customer relationships $ $ Accumulated amortization Net intangibles $ $
Schedule Of Estimated Future Amortization Expense	Year Amortization Amount (Millions) 2015 $ 2016 $ 2017 $ 2018 $ 2019 $

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt [Abstract]
Schedule Of Debt Instruments	June 30, 2015 December 31, 2014 (Millions) Devon debt Commercial paper $ $ Floating rate due December 15, 2015 Floating rate due December 15, 2016 8.25% due July 1, 2018 2.25% due December 15, 2018 6.30% due January 15, 2019 4.00% due July 15, 2021 3.25% due May 15, 2022 7.50% due September 15, 2027 7.875% due September 30, 2031 7.95% due April 15, 2032 5.60% due July 15, 2041 4.75% due May 15, 2042 5.00% due June 15, 2045 - Net discount on debentures and notes Total Devon debt EnLink debt Credit facilities 2.70% due April 1, 2019 7.125% due June 1, 2022 4.40% due April 1, 2024 4.15% due June 1, 2025 - 5.60% due April 1, 2044 5.05% due April 1, 2045 Net premium on debentures and notes Total EnLink debt Total debt Less amount classified as short-term debt (1) Total long-term debt $ $ ____________________________ (1) Short-term debt as of June 30 , 2015 consists of $ 170 million of commercial paper and $500 million floating rate due on December 15, 2015. Short-term debt as of December 31, 2014 consists of $932 million of commercial paper and $500 million floating rate due on December 15, 2015.

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	6 Months Ended
	Jun. 30, 2015
Asset Retirement Obligations [Abstract]
Summary Of Changes In Asset Retirement Obligations	Six Months Ended June 30, 2015 2014 (Millions) Asset retirement obligations as of beginning of period $ $ Liabilities incurred Liabilities settled Revision of estimated obligation Liabilities assumed by others Accretion expense on discounted obligation Foreign currency translation adjustment Asset retirement obligations as of end of period Less current portion Asset retirement obligations, long-term $ $

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 2015
Retirement Plans [Abstract]
Schedule Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans	Pension Benefits Postretirement Benefits Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 2015 2014 2015 2014 (Millions) Service cost $ $ $ $ $ - $ - $ - $ - Interest cost - - - - Expected return on plan assets - - - - Amortization of prior service cost (1) - - Net actuarial loss (gain) (1) - - Net periodic benefit cost (2) $ $ $ $ $ $ $ $ __________________________ (1) These net periodic benefit costs were reclassified out of other comprehensive earnings in the current period. (2) Net periodic benefit cost is a component of general and administrative expenses on the accompanying consolidated comprehensive statements of earnings.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Measurements [Abstract]
Schedule Of Carrying Value And Fair Value Measurement Information For Financial Assets And Liabilities	Fair Value Measurements Using: Carrying Total Fair Level 1 Level 2 Level 3 Amount Value Inputs Inputs Inputs (Millions) June 30, 2015 assets (liabilities): Cash equivalents $ $ $ $ $ - Oil, gas and NGL commodity derivatives $ $ $ - $ $ - Oil, gas and NGL commodity derivatives $ $ $ - $ $ - Midstream commodity derivatives $ $ $ - $ $ - Midstream commodity derivatives $ $ $ - $ $ - Interest rate derivatives $ $ $ - $ $ - Interest rate derivatives $ $ $ - $ $ - Foreign currency derivatives $ $ $ - $ $ - Debt $ $ $ - $ (12,880) $ - Capital lease obligations $ $ $ - $ $ - December 31, 2014 assets (liabilities): Cash equivalents $ $ $ $ $ - Oil, gas and NGL commodity derivatives $ $ $ - $ $ - Oil, gas and NGL commodity derivatives $ $ $ - $ $ - Midstream commodity derivatives $ $ $ - $ $ - Midstream commodity derivatives $ $ $ - $ $ - Interest rate derivatives $ $ $ - $ $ - Interest rate derivatives $ $ $ - $ $ - Foreign currency derivatives $ $ $ - $ $ - Debt $ $ $ - $ $ - Capital lease obligations $ $ $ - $ $ -

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Information [Abstract]
Condensed Statements Of Comprehensive Earnings And Balance Sheets Of Reportable Segments	U.S. (1) Canada EnLink (1) Eliminations Total (Millions) Three Months Ended June 30, 2015: Revenues from external customers $ $ $ $ - $ Intersegment revenues $ - $ - $ $ $ - Depreciation, depletion and amortization $ $ $ $ - $ Interest expense $ $ $ $ $ Asset impairments $ $ - $ - $ - $ Earnings (loss) before income taxes $ $ $ $ - $ Income tax expense (benefit) $ $ $ $ - $ Net earnings (loss) $ $ $ $ - $ Net earnings attributable to noncontrolling interests $ $ - $ $ - $ Net earnings (loss) attributable to Devon $ $ $ $ - $ Capital expenditures $ $ $ $ - $ Three Months Ended June 30, 2014: Revenues from external customers $ $ $ $ - $ Intersegment revenues $ - $ - $ $ $ - Depreciation, depletion and amortization $ $ $ $ - $ Interest expense $ $ $ $ $ Earnings before income taxes $ $ $ $ - $ Income tax expense $ $ $ $ - $ Net earnings (loss) $ $ $ $ - $ Net earnings attributable to noncontrolling interests $ $ - $ $ - $ Net earnings (loss) attributable to Devon $ $ $ $ - $ Capital expenditures $ $ $ $ - $ Six Months Ended June 30, 2015: Revenues from external customers $ $ $ $ - $ Intersegment revenues $ - $ - $ $ $ - Depreciation, depletion and amortization $ $ $ $ - $ Interest expense $ $ $ $ $ Asset impairments $ $ - $ - $ - $ Earnings (loss) before income taxes $ $ $ $ - $ Income tax expense (benefit) $ $ $ $ - $ Net earnings (loss) $ $ $ $ - $ Net earnings attributable to noncontrolling interests $ $ - $ $ - $ Net earnings (loss) attributable to Devon $ $ $ $ - $ Property and equipment, net $ $ $ $ - $ Total assets $ $ $ $ $ Capital expenditures $ $ $ $ - $ Six Months Ended June 30, 2014: Revenues from external customers $ $ $ $ - $ Intersegment revenues $ - $ - $ $ $ - Depreciation, depletion and amortization $ $ $ $ - $ Interest expense $ $ $ $ $ Earnings before income taxes $ $ $ $ - $ Income tax expense $ $ $ $ - $ Net earnings $ $ $ $ - $ Net earnings attributable to noncontrolling interests $ $ - $ $ - $ Net earnings attributable to Devon $ $ $ $ - $ Property and equipment, net $ $ $ $ - $ Total assets $ $ $ $ $ Capital expenditures $ $ $ $ - $ Year Ended December 31, 2014: Property and equipment, net $ $ $ $ - $ Total assets $ $ $ $ $ ____________________________ (1) Due to Devon’s control of EnLink through its control of the General Partner, the acquisition of VEX by EnLink from Devon was considered a transfer of net assets between entities under common control, and EnLink was required to recast its financial statements as of June 30, 2015 to include the activities of such assets from the date of common control. Therefore, the results of VEX for prior periods have been moved from the U.S. segment to the EnLink segment.

Acquisitions And Divestitures43

Acquisitions And Divestitures (Narrative) (Details) CAD in Millions, $ in Millions	1 Months Ended			3 Months Ended			6 Months Ended
	May. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Feb. 28, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014CAD	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Business Acquisition [Line Items]
Gains and losses on assets sales				$ 1		$ 1,057	$ 1	$ 1,072
Foreign currency exchange loss						(84)
Foreign earnings repatriated						2,800
Proceeds from property and equipment divestitures							$ 8	$ 2,942
Foreign Currency Derivatives [Member]
Business Acquisition [Line Items]
Loss on derivative						29
Canadian Conventional Assets [Member]
Business Acquisition [Line Items]
Gains and losses on assets sales						1,100
Gains and losses on assets sales after tax						600
Asset retirement obligation transferred with sale						700
Derecognition in goodwill allocated to sold assets						(700)
Proceeds from property and equipment divestitures					CAD 3,125	$ 2,800
General Partner And EnLink [Member]
Business Acquisition [Line Items]
Close date of acquisition							Mar. 7, 2014
GeoSouthern Intermediate Holdings, LLC [Member]
Business Acquisition [Line Items]
Close date of acquisition							Feb. 28, 2014
EnLink [Member] | Victoria Express Pipeline [Member]
Business Acquisition [Line Items]
Aggregate purchase price		$ 180
EnLink [Member] | Victoria Express Pipeline [Member] | Forecast [Member]
Business Acquisition [Line Items]
Estimated construction costs assumed		$ 35
EnLink [Member] | EnLink Midstream Holdings [Member]
Business Acquisition [Line Items]
Ownership interest percentage acquired	25.00%		25.00%
Common units value	$ 900		$ 925

Acquisitions And Divestitures44

Acquisitions And Divestitures (Schedule Of Unaudited Proforma Information For General Partner and EnLink And GeoSouthern) (Details) - 6 months ended Jun. 30, 2014 - General Partner and EnLink And GeoSouthern [Member] - USD ($) $ / shares in Units, $ in Millions	Total
Business Acquisition [Line Items]
Total operating revenues	$ 8,882
Net earnings (loss)	1,043
Noncontrolling interests	43
Net earnings (loss) attributable to Devon	$ 1,000
Net earnings (loss) per common share attributable to Devon	$ 2.45

Acquisitions And Divestitures45

Acquisitions And Divestitures (Purchase Price Allocation Of Enlink's Acquisition Activity) (Details) - USD ($) $ in Millions	Mar. 16, 2015	Jan. 31, 2015	May. 31, 2015	Feb. 28, 2015	Jun. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill					$ 6,349	$ 6,303
EnLink [Member] | LPC Crude Oil Marketing LLC [Member]
Business Acquisition [Line Items]
Cash		$ 100
PP&E		30
Goodwill		30
Intangibles		43
Deferred income taxes		$ (3)
EnLink [Member] | Coronado Midstream Holdings LLC [Member]
Business Acquisition [Line Items]
Cash	$ 242
Common units value	360
PP&E	302
Goodwill	17
Intangibles	281
Other current assets	$ 2
EnLink [Member] | EnLink Midstream Holdings [Member]
Business Acquisition [Line Items]
Common units value			$ 900	$ 925

Derivative Financial Instrume46

Derivative Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivative Financial Instruments [Abstract]
Derivative collateral	$ 189	$ 524

Derivative Financial Instrume47

Derivative Financial Instruments (Schedule Of Open Oil Derivative Positions) (Details) - Jun. 30, 2015	$ / bblbbl
NYMEX West Texas Intermediate Price Swaps Oil Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (Bbls/d) | bbl	106,000
Weighted Average Price Swap	90.85
NYMEX West Texas Intermediate Price Collars Oil Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (Bbls/d) | bbl	42,000
Weighted Average Floor Price	82.40
Weighted Average Ceiling Price	89.78
NYMEX West Texas Intermediate Call Options Sold Oil Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (Bbls/d) | bbl	28,000
Weighted Average Call Option Sold Price	116.43
NYMEX West Texas Intermediate Price Swaps Oil Q1-Q4 2016 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (Bbls/d) | bbl
Weighted Average Price Swap
NYMEX West Texas Intermediate Price Collars Oil Q1-Q4 2016 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (Bbls/d) | bbl
Weighted Average Floor Price
Weighted Average Ceiling Price
NYMEX West Texas Intermediate Call Options Sold Oil Q1-Q4 2016 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (Bbls/d) | bbl	18,500
Weighted Average Call Option Sold Price	103.11
Western Canadian Select Basis Swaps Oil Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (Bbls/d) | bbl	40,000
Weighted Average Differential To WTI	(15.79)
West Texas Sour Basis Swaps Oil Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (Bbls/d) | bbl	8,000
Weighted Average Differential To WTI	(3.68)
Midland Sweet Basis Swaps Oil Q3-Q4 2015 [Member
Derivatives, Fair Value [Line Items]
Volume Per Day (Bbls/d) | bbl	16,000
Weighted Average Differential To WTI	(2.86)
West Texas Sour Basis Swaps Oil Q1-Q4 2016 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (Bbls/d) | bbl	2,000
Weighted Average Differential To WTI	(1.45)

Derivative Financial Instrume48

Derivative Financial Instruments (Schedule Of Open Natural Gas Derivative Positions) (Details) - Jun. 30, 2015	MMBTU$ / MMBTU
FERC Henry Hub Price Swaps Natural Gas Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	250,000
Weighted Average Price Swap	4.32
FERC Henry Hub Price Collars Natural Gas Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	462,500
Weighted Average Floor Price	3.55
Weighted Average Ceiling Price	3.85
FERC Henry Hub Call Options Sold Natural Gas Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	550,000
Weighted Average Call Option Sold Price	5.09
FERC Henry Hub Price Swaps Natural Gas Q1-Q4 2016 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU
Weighted Average Price Swap
FERC Henry Hub Price Collars Natural Gas Q1-Q4 2016 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU
Weighted Average Floor Price
Weighted Average Ceiling Price
FERC Henry Hub Call Options Sold Natural Gas Q1-Q4 2016 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	400,000
Weighted Average Call Option Sold Price	5
PEPL Basis Swaps Natural Gas Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	100,000
Weighted Average Differential To Henry Hub	(0.28)
El Paso Natural Gas Basis Swaps Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	70,000
Weighted Average Differential To Henry Hub	(0.11)
Houston Ship Channel Natural Gas Basis Swaps Q3-Q4 2015 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	200,000
Weighted Average Differential To Henry Hub	0.01
PEPL Basis Swaps Natural Gas Q1-Q4 2016 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	125,000
Weighted Average Differential To Henry Hub	(0.34)
El Paso Natural Gas Basis Swaps Q1-Q4 2016 [Member
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	15,000
Weighted Average Differential To Henry Hub	(0.13)
Houston Ship Channel Natural Gas Basis Swaps Q1-Q4 2016 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	30,000
Weighted Average Differential To Henry Hub	0.11
Transco Zone 4 Natural Gas Basis Swaps Q1-Q4 2016 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	30,000
Weighted Average Differential To Henry Hub	0.01
El Paso Natural Gas Basis Swaps Q1-Q4 2017 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	30,000
Weighted Average Differential To Henry Hub	(0.14)
Houston Ship Channel Natural Gas Basis Swaps Q1-Q4 2017 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	35,000
Weighted Average Differential To Henry Hub	0.06
Transco Zone 4 Natural Gas Basis Swaps Q1-Q4 2017 [Member]
Derivatives, Fair Value [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	75,000
Weighted Average Differential To Henry Hub	0.04

Derivative Financial Instrume49

Derivative Financial Instruments (Schedule Of Gas Processing and Fractionation Open Positions) (Details) - 6 months ended Jun. 30, 2015 - EnLink [Member]	MMBTUMBbls
OPIS Mont Belvieu Texas Ethane Basis Swap Q3 2015-Q4 2016 [Member]
Derivative [Line Items]
Total Volume (MBbls)	974
Weighted average price paid	$0.28/gal
Weighted average price received	Index
OPIS Mont Belvieu Texas Propane Basis Swap Q3 2015-Q4 2016 [Member]
Derivative [Line Items]
Total Volume (MBbls)	1,094
Weighted average price paid	Index
Weighted average price received	$0.90/gal
OPIS Mont Belvieu Texas Normal Butane Basis Swap Q3 2015-Q2 2016 [Member]
Derivative [Line Items]
Total Volume (MBbls)	132
Weighted average price paid	Index
Weighted average price received	$0.72/gal
OPIS Mont Belvieu Texas Natural Gasoline Basis Swap Q3 2015-Q2 2016 [Member]
Derivative [Line Items]
Total Volume (MBbls)	93
Weighted average price paid	Index
Weighted average price received	$1.30/gal
OPIS Mont Belvieu Texas Natural Gas Basis Swap Q3 2015-Q2 2016 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	4,017
Weighted average price paid	$3.27/MMBtu
Weighted average price received	Index

Derivative Financial Instrume50

Derivative Financial Instruments (Schedule Of Open Interest Rate Swap Derivative Positions) (Details) - Jun. 30, 2015 - USD ($) $ in Millions	Total
Interest Rate Contract Expiration December 2016 [Member]
Derivative [Line Items]
Notional	$ 100
Rate Received	Three Month LIBOR
Rate Paid	0.92%
Expiration	Dec. 1, 2016
Interest Rate Contract Expiration January 2019 [Member]
Derivative [Line Items]
Notional	$ 100
Rate Received	1.76%
Rate Paid	Three Month LIBOR
Expiration	Jan. 1, 2019

Derivative Financial Instrume51

Derivative Financial Instruments (Schedule Of Open Foreign Exchange Rate Derivative Positions) (Details) - Jun. 30, 2015 - Forward Contract Expiration September 2015 [Member] CAD in Millions	CADCAD / $
Derivative [Line Items]
Currency	Canadian Dollar
Contract Type	Sell
CAD Notional | CAD	CAD 1,884
Weighted Average Fixed Rate Received	0.808
Expiration	Sep. 1, 2015

Derivative Financial Instrume52

Derivative Financial Instruments (Schedule Of Derivative Financial Instruments Included In The Consolidated Comprehensive Statements Of Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivatives, Fair Value [Line Items]
Net gain (losses) recognized in comprehensive statements of earnings	$ (305)	$ (454)	$ 125	$ (761)
Oil, Gas And NGL Commodity Derivatives [Member]
Derivatives, Fair Value [Line Items]
Net gain (losses) recognized in comprehensive statements of earnings	(282)	(399)	12	(719)
Midstream Commodity Derivatives [Member]
Derivatives, Fair Value [Line Items]
Net gain (losses) recognized in comprehensive statements of earnings		(2)	2	(3)
Interest Rate Derivatives [Member]
Derivatives, Fair Value [Line Items]
Net gain (losses) recognized in comprehensive statements of earnings	1	1	2	1
Foreign Currency Derivatives [Member]
Derivatives, Fair Value [Line Items]
Net gain (losses) recognized in comprehensive statements of earnings	$ (24)	$ (54)	$ 109	$ (40)

Derivative Financial Instrume53

Derivative Financial Instruments (Schedule Of Derivative Financial Instruments Included In The Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	$ 932	$ 2,004
Fair value of derivative liabilities	42	57
Oil, Gas And NGL Commodity Derivatives [Member] | Derivatives, At Fair Value [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	892	1,967
Oil, Gas And NGL Commodity Derivatives [Member] | Other Long-Term Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	2	1
Oil, Gas And NGL Commodity Derivatives [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	31	25
Oil, Gas And NGL Commodity Derivatives [Member] | Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	6	26
Midstream Commodity Derivatives [Member] | Derivatives, At Fair Value [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	14	17
Midstream Commodity Derivatives [Member] | Other Long-Term Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	5	10
Midstream Commodity Derivatives [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	3	3
Midstream Commodity Derivatives [Member] | Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	1	2
Interest Rate Derivatives [Member] | Derivatives, At Fair Value [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	1	1
Interest Rate Derivatives [Member] | Other Long-Term Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	1
Interest Rate Derivatives [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	1	1
Foreign Currency Derivatives [Member] | Derivatives, At Fair Value [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	$ 17	$ 8

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit-based compensation				$ 127	$ 106
Restructuring charges			$ 5		42
2015 Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance	28,000,000			28,000,000
Number of shares used to calculate shares issued under the 2015 Long-Term Incentive Plan, options and stock appreciation rights	1
Number of shares used to calculate shares issued under the 2015 Long-Term Incentive Plan, other awards	3
Restricted Stock Awards And Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards and units	$ 267			$ 267
Weighted average period for recognition of cost of unvested awards and units				2 years 9 months 18 days
Performance-Based Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards and units	8			$ 8
Weighted average period for recognition of cost of unvested awards and units				3 years 2 months 12 days
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards and units	64			$ 64
Weighted average period for recognition of cost of unvested awards and units				2 years 2 months 12 days
EnLink [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit-based compensation				$ 18	6
EnLink [Member] | Restricted Stock Awards And Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards and units	24			$ 24
Weighted average period for recognition of cost of unvested awards and units				2 years
EnLink [Member] | Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards and units	4			$ 4
Weighted average period for recognition of cost of unvested awards and units				2 years 6 months
General Partner And EnLink [Member] | Restricted Stock Awards And Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit-based compensation		$ 7
General Partner [Member] | Restricted Stock Awards And Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards and units	24			$ 24
Weighted average period for recognition of cost of unvested awards and units				1 year 10 months 24 days
General Partner [Member] | Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards and units	$ 4			$ 4
Weighted average period for recognition of cost of unvested awards and units				2 years 6 months
Accelerated Vesting Of Share-Based Grants For Employees [Member] | Canadian Divestitures [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restructuring charges					$ 15

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of The Effects Of Share Based Compensation Included In The Consolidated Comprehensive Statement Of Earnings) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation [Abstract]
Gross general and administrative expense	$ 127	$ 106
Share-based compensation expense capitalized pursuant to the full-cost method of accounting for oil and gas properties	31	27
Related income tax benefit	$ 26	$ 24

Share-Based Compensation (Summa

Share-Based Compensation (Summary Of Unvested Restricted Stock Awards And Units, Including Changes During The Year) (Details) - 6 months ended Jun. 30, 2015 - Restricted Stock Awards And Units [Member] - $ / shares shares in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at December 31, 2014	4,304
Granted, awards and units	2,701
Vested, awards and units	(975)
Forfeited, awards and units	(205)
Unvested at June 30, 2015	5,825
Unvested weighted average grant-date fair value at December 31, 2014	$ 60.85
Granted, weighted average grant-date fair value	63.97
Vested, weighted average grant-date fair value	62.45
Forfeited, weighted average grant-date fair value	61.47
Unvested weighted average grant-date fair value at June 30, 2015	$ 62

Share-Based Compensation (Sum57

Share-Based Compensation (Summary Of Unvested Performance-Based Restricted Stock Awards, Including Changes During The Year) (Details) - 6 months ended Jun. 30, 2015 - Performance-Based Restricted Stock Awards [Member] - $ / shares shares in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at December 31, 2014	380
Granted, awards	205
Vested, awards	(59)
Unvested at June 30, 2015	526
Unvested weighted average grant-date fair value at December 31, 2014	$ 59.41
Granted, weighted average grant-date fair value	64.18
Vested, weighted average grant-date fair value	61.33
Unvested weighted average grant-date fair value at June 30, 2015	$ 61.06

Share-Based Compensation (Sum58

Share-Based Compensation (Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions) (Details) - 6 months ended Jun. 30, 2015 - Performance Share Units [Member] - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, weighted average grant-date fair value	$ 84.14
Risk-free interest rate	1.06%
Volatility factor	26.20%
Contractual term (in years)	2 years 10 months 21 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, weighted average grant-date fair value	$ 81.99
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, weighted average grant-date fair value	$ 85.05

Share-Based Compensation (Sum59

Share-Based Compensation (Summary of Unvested Performance Share Units, Including Changes During the Year (Details) - 6 months ended Jun. 30, 2015 - Performance Share Units [Member] - $ / shares shares in Thousands		Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at December 31, 2014		1,477
Granted, units		786
Vested, units		(337)
Forfeited, units		(28)
Unvested at June 30, 2015	[1]	1,898
Unvested weighted average grant-date fair value at December 31, 2014		$ 70.90
Granted, weighted average grant-date fair value		84.14
Vested, weighted average grant-date fair value		66
Forfeited, weighted average grant-date fair value		76.12
Unvested weighted average grant-date fair value at June 30, 2015	[1]	76.27
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, weighted average grant-date fair value		$ 85.05
Maximum [Member] | Forecast [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum common shares awarded based upon total shareholder return		3,800
[1]	A maximum of 3.8 million common shares could be awarded based upon Devon's final total shareholder return ranking.

Asset Impairments (Schedule of

Asset Impairments (Schedule of Asset Impairments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Impaired Long-Lived Assets Held and Used [Line Items]
Asset impairment charges, gross	$ 4,168		$ 9,628
Asset impairment charges, after taxes	2,646		6,113
U.S. Oil And Gas Assets [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Asset impairment charges, gross	4,167		9,625
Asset impairment charges, after taxes	2,645		6,111
Other Assets [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Asset impairment charges, gross	1		3
Asset impairment charges, after taxes	$ 1		$ 2

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014
Income Tax [Line Items]
Income Tax Expense (Benefit)	$ (1,686)	$ 854	$ (3,721)	$ 1,085
Tax settlements from prior year examinations	(57)
Foreign earnings repatriated		2,800
Deferred tax liability on formation of the General Partner					$ 48
Assumed Repatriations Of Foreign Earnings [Member]
Income Tax [Line Items]
Deferred tax liabilities, taxes on unremitted foreign earnings		143		$ 143
Repatriated Foreign Earnings [Member]
Income Tax [Line Items]
Income Tax Expense (Benefit)		$ 247
Canada And Texas Tax Rate Changes [Member]
Income Tax [Line Items]
Change in deferred tax expense	$ 44

Income Taxes (Schedule Of Effec

Income Taxes (Schedule Of Effective Income Tax Reconciliation) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Taxes [Abstract]
Total income tax expense (benefit)	$ (1,686)	$ 854	$ (3,721)	$ 1,085
U.S. statutory income tax rate	(35.00%)	35.00%	(35.00%)	35.00%
Taxation on Canadian operations	1.00%	4.00%	1.00%	2.00%
State income taxes	(2.00%)	0.00%	(2.00%)	1.00%
Repatriations	0.00%	16.00%	0.00%	12.00%
Taxes on General Partner formation	0.00%	0.00%	0.00%	2.00%
Other	(2.00%)	0.00%	(1.00%)	(1.00%)
Effective income tax rate	(38.00%)	55.00%	(37.00%)	51.00%

Net Earnings (Loss) Per Share63

Net Earnings (Loss) Per Share Attributable To Devon (Earnings Per Share Computations) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net earnings (loss) per share attributable to Devon:
Net earnings (loss) attributable to Devon	$ (2,816)	$ 675	$ (6,415)	$ 999
Net earnings (loss) attributable to Devon, Common Shares	411	408	411	408
Attributable to participating securities, Earnings (loss)	$ (1)	$ (8)	$ (2)	$ (10)
Attributable to participating securities, Common Shares	(5)	(4)	(5)	(4)
Basic net earnings (loss) per share, Earnings (loss)	$ (2,817)	$ 667	$ (6,417)	$ 989
Basic net earnings (loss) per share, Common Shares	406	404	406	404
Basic net earnings (loss) per share	$ (6.94)	$ 1.65	$ (15.81)	$ 2.45
Dilutive effect of potential common shares issuable, Common Shares		2		2
Diluted net earnings (loss) per share, Earnings (loss)	$ (2,817)	$ 667	$ (6,417)	$ 989
Diluted net earnings (loss) per share, Common Shares	406	406	406	406
Diluted net earnings (loss) per share	$ (6.94)	$ 1.64	$ (15.81)	$ 2.44
Antidilutive securities excluded from the computation of net earnings (loss) per share, amount	3.3	2.6	4	3.4

Other Comprehensive Earnings (C

Other Comprehensive Earnings (Components Of Other Comprehensive Earnings) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Foreign currency translation:
Beginning accumulated foreign currency translation		$ 681	$ 1,150	$ 983	$ 1,448
Change in cumulative translation adjustment		60	306	(277)	(7)
Income tax benefit (expense)		(16)	(14)	19	1
Ending accumulated foreign currency translation		725	1,442	725	1,442
Pension and postretirement benefit plans:
Beginning accumulated pension and postretirement benefits		(200)	(177)	(204)	(180)
Recognition of net actuarial loss and prior service cost in earnings	[1]	5	6	11	11
Income tax benefit (expense)		(2)	(1)	(4)	(3)
Ending accumulated pension and postretirement benefits		(197)	(172)	(197)	(172)
Accumulated other comprehensive earnings, net of tax		$ 528	$ 1,270	$ 528	$ 1,270	$ 779
[1]	These accumulated other comprehensive earnings components are included in the computation of net periodic benefit cost, which is a component of general and administrative expenses on the accompanying consolidated comprehensive statements of earnings. See Note 14 for additional details.

Supplemental Information To Cas

Supplemental Information To Cash Flows (Schedule Of Supplemental To Cash Flow Information) (Details) - USD ($) $ in Millions	Mar. 07, 2014	Jun. 30, 2015	Jun. 30, 2014
Net change in working capital accounts:
Accounts receivable		$ 440	$ (234)
Income taxes receivable		416
Other current assets		(6)	(30)
Accounts payable		(102)	45
Revenues and royalties payable		(183)	508
Other current liabilities		(539)	181
Net change in working capital		26	470
Interest paid (net of capitalized interest)		230	235
Income taxes paid (received)		$ (330)	$ 113
General Partner And EnLink [Member]
Net change in working capital accounts:
Cash payment to acquire interest	$ 100

Accounts Receivable (Schedule O

Accounts Receivable (Schedule Of Components Of Accounts Receivable) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Joint interest billings	$ 277	$ 475
Other	45	71
Gross accounts receivable	1,617	1,975
Allowance for doubtful accounts	(15)	(16)
Net accounts receivable	1,602	1,959
Oil, Gas And NGL Sales [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross accounts receivable	591	723
Marketing And Midstream Revenues [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross accounts receivable	$ 704	$ 706

Goodwill And Other Intangible67

Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Goodwill And Other Intangible Assets [Abstract]
Weighted average amortization period			11 years 2 months 12 days
Amortization of Intangible Assets	$ 18.2	$ 11.3	$ 29.7	$ 13

Goodwill And Other Intangible68

Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Goodwill And Other Intangible Assets [Abstract]
Customer relationships	$ 907	$ 569
Accumulated amortization	(66)	(36)
Net intangibles	$ 841	$ 533

Goodwill And Other Intangible69

Goodwill And Other Intangible Assets (Schedule Of Estimated Future Amortization Expense) (Details) $ in Millions	Jun. 30, 2015USD ($)
Goodwill And Other Intangible Assets [Abstract]
2,015	$ 33
2,016	66
2,017	66
2,018	66
2,019	$ 66

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	May. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Commercial Paper	$ 170,000,000		$ 932,000,000
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Credit Facility, borrowing capacity	3,000,000,000
Outstanding Credit Facility borrowings	$ 0
Debt-to-capitalization ratio	0.221
5.00% due June 15, 2045 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.00%		5.00%
Debt Instrument, Maturity Date	Jun. 15, 2045
Floating Rate due December 15, 2015 [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date	Dec. 15, 2015
Senior Notes [Member] | 5.00% due June 15, 2045 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 750,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Senior Notes [Member] | Floating Rate due December 15, 2015 [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date	Dec. 15, 2015
EnLink [Member]
Debt Instrument [Line Items]
Outstanding Credit Facility borrowings	$ 150,000,000		$ 237,000,000
EnLink [Member] | Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit Facility, borrowing capacity	1,500,000,000
Outstanding Credit Facility borrowings	$ 150,000,000
Line of credit average interest rate during period	1.62%
Credit Facility, remaining borrowing capacity	$ 1,300,000,000
EnLink [Member] | Unsecured Letter Of Credit Subfacility [Member]
Debt Instrument [Line Items]
Outstanding Credit Facility borrowings	$ 2,900,000
EnLink [Member] | 4.15% due June 1, 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.15%		4.15%
Debt Instrument, Maturity Date	Jun. 1, 2025
EnLink [Member] | 5.05% due April 1, 2045 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.05%		5.05%
Debt Instrument, Maturity Date	Apr. 1, 2045
EnLink [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 900,000,000
EnLink [Member] | Senior Notes [Member] | 4.15% due June 1, 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 750,000,000
Debt Instrument, Interest Rate, Stated Percentage		4.15%
EnLink [Member] | Senior Notes [Member] | 5.05% due April 1, 2045 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 150,000,000
Debt Instrument, Interest Rate, Stated Percentage		5.05%
General Partner [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit Facility, borrowing capacity	$ 250,000,000
Outstanding Credit Facility borrowings	$ 0
Maximum [Member] | Senior Credit Facility [Member]
Debt Instrument [Line Items]
Debt-to-capitalization ratio	0.65
Commercial Paper [Member]
Debt Instrument [Line Items]
Average borrowing rate on commercial paper borrowings	0.45%

Debt (Schedule Of Debt Instrume

Debt (Schedule Of Debt Instruments) (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Commercial Paper		$ 170	$ 932
Net (discount) premium on debentures and notes		(27)	(18)
Total debt		12,045	11,262
Less amount classified as short-term debt	[1]	670	1,432
Total long-term debt		$ 11,375	9,830
Floating Rate due December 15, 2015 [Member]
Debt Instrument [Line Items]
Debt, maturity date		Dec. 15, 2015
Short-term debt		$ 500	500
Floating Rate Due December 15, 2016 [Member]
Debt Instrument [Line Items]
Debt, maturity date		Dec. 15, 2016
Long-term debt, gross		$ 350	$ 350
8.25% Due July 1, 2018 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		8.25%	8.25%
Debt, maturity date		Jul. 1, 2018
Long-term debt, gross		$ 125	$ 125
2.25% Due December 15, 2018 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		2.25%	2.25%
Debt, maturity date		Dec. 15, 2018
Long-term debt, gross		$ 750	$ 750
6.30% Due January 15, 2019 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		6.30%	6.30%
Debt, maturity date		Jan. 15, 2019
Long-term debt, gross		$ 700	$ 700
4.00% Due July 15, 2021 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		4.00%	4.00%
Debt, maturity date		Jul. 15, 2021
Long-term debt, gross		$ 500	$ 500
3.25% due May 15, 2022 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		3.25%	3.25%
Debt, maturity date		May 15, 2022
Long-term debt, gross		$ 1,000	$ 1,000
7.50% due September 15, 2027 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		7.50%	7.50%
Debt, maturity date		Sep. 15, 2027
Long-term debt, gross		$ 150	$ 150
7.875% due September 30, 2031 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		7.875%	7.875%
Debt, maturity date		Sep. 30, 2031
Long-term debt, gross		$ 1,250	$ 1,250
7.95% due April 15, 2032 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		7.95%	7.95%
Debt, maturity date		Apr. 15, 2032
Long-term debt, gross		$ 1,000	$ 1,000
5.60% due July 15, 2041 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		5.60%	5.60%
Debt, maturity date		Jul. 15, 2041
Long-term debt, gross		$ 1,250	$ 1,250
4.75% due May 15, 2042 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		4.75%	4.75%
Debt, maturity date		May 15, 2042
Long-term debt, gross		$ 750	$ 750
5.00% due June 15, 2045 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		5.00%	5.00%
Debt, maturity date		Jun. 15, 2045
Long-term debt, gross		$ 750
Devon [Member]
Debt Instrument [Line Items]
Total debt		9,218	$ 9,239
EnLink [Member]
Debt Instrument [Line Items]
Credit facilities		150	237
Net (discount) premium on debentures and notes		14	23
Total debt		$ 2,827	$ 2,023
EnLink [Member] | 2.70% due April 1, 2019 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		2.70%	2.70%
Debt, maturity date		Apr. 1, 2019
Long-term debt, gross		$ 400	$ 400
EnLink [Member] | 7.125% due June 1, 2022 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		7.125%	7.125%
Debt, maturity date		Jun. 1, 2022
Long-term debt, gross		$ 163	$ 163
EnLink [Member] | 4.40% due April 1, 2024 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		4.40%	4.40%
Debt, maturity date		Apr. 1, 2024
Long-term debt, gross		$ 550	$ 550
EnLink [Member] | 4.15% due June 1, 2025 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		4.15%	4.15%
Debt, maturity date		Jun. 1, 2025
Long-term debt, gross		$ 750
EnLink [Member] | 5.60% due April 1, 2044 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		5.60%	5.60%
Debt, maturity date		Apr. 1, 2044
Long-term debt, gross		$ 350	$ 350
EnLink [Member] | 5.05% due April 1, 2045 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage		5.05%	5.05%
Debt, maturity date		Apr. 1, 2045
Long-term debt, gross		$ 450	$ 300
[1]	Short-term debt as of June 30, 2015 consists of $170 million of commercial paper and $500 million floating rate due on December 15, 2015. Short-term debt as of December 31, 2014 consists of $932 million of commercial paper and $500 million floating rate due on December 15, 2015.

Asset Retirement Obligations (S

Asset Retirement Obligations (Summary Of Changes In Asset Retirement Obligations) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Asset Retirement Obligations [Abstract]
Asset retirement obligations as of beginning of period	$ 1,399	$ 2,228
Liabilities incurred	33	64
Liabilities settled	(20)	(22)
Revision of estimated obligation	61	69
Liabilities assumed by others	(11)	(731)
Accretion expense on discounted obligation	38	50
Foreign currency translation adjustment	(45)	(26)
Asset retirement obligations as of end of period	$ 1,399	$ 2,228	$ 1,455	$ 1,399	$ 1,632
Less current portion			64		91
Asset retirement obligations, long-term			$ 1,391	$ 1,339	$ 1,541

Retirement Plans (Schedule Of N

Retirement Plans (Schedule Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost		$ 8	$ 8	$ 16	$ 15
Interest cost		13	13	26	27
Expected return on plan assets		(15)	(14)	(30)	(27)
Amortization of prior service cost	[1]	1	1	2	2
Net actuarial loss (gain)	[1]	5	6	10	10
Total net periodic benefit cost	[2]	$ 12	$ 14	24	$ 27
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost
Interest cost
Expected return on plan assets
Amortization of prior service cost	[1]	$ (1)		$ (1)
Net actuarial loss (gain)	[1]		$ (1)		$ (1)
Total net periodic benefit cost	[2]	$ (1)	$ (1)	$ (1)	$ (1)
[1]	These net periodic benefit costs were reclassified out of other comprehensive earnings in the current period.
[2]	Net periodic benefit cost is a component of general and administrative expenses on the accompanying consolidated comprehensive statements of earnings.

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014
Stockholders' Equity [Abstract]
Payments of ordinary dividends			$ 197	$ 189
Dividends paid per share	$ 0.24	$ 0.22
Proceeds from stock option exercises			$ 4	$ 83

Noncontrolling Interests (Narra

Noncontrolling Interests (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	1 Months Ended		6 Months Ended
	Apr. 30, 2015	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014
Noncontrolling Interest [Line Items]
Number of units sold to public for interests in EnLink	3.4	22.8
Sale of investment in EnLink	$ 85	$ 569	$ 654
Distributions to unitholders other than Devon			$ 118	$ 141
EnLink [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership before stock transaction			49.00%
Percentage of ownership after stock transaction			29.00%
General Partner And EnLink [Member]
Noncontrolling Interest [Line Items]
Distributions to unitholders other than Devon			$ 118	$ 141

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule Of Carrying Value And Fair Value Measurement Information For Financial Assets And Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	$ 932	$ 2,004
Derivatives, liabilities	(42)	(57)
Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,283	950
Debt	(12,045)	(11,262)
Capital lease obligations	(19)	(20)
Total Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,283	950
Debt	(12,880)	(12,472)
Capital lease obligations	(18)	(20)
Level 1 Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	826	340
Level 2 Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	457	610
Debt	(12,880)	(12,472)
Capital lease obligations	(18)	(20)
Oil, Gas And NGL Commodity Derivatives [Member] | Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	894	1,968
Derivatives, liabilities	(37)	(51)
Oil, Gas And NGL Commodity Derivatives [Member] | Total Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	894	1,968
Derivatives, liabilities	(37)	(51)
Oil, Gas And NGL Commodity Derivatives [Member] | Level 2 Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	894	1,968
Derivatives, liabilities	(37)	(51)
Midstream Commodity Derivatives [Member] | Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	19	27
Derivatives, liabilities	(4)	(5)
Midstream Commodity Derivatives [Member] | Total Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	19	27
Derivatives, liabilities	(4)	(5)
Midstream Commodity Derivatives [Member] | Level 2 Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	19	27
Derivatives, liabilities	(4)	(5)
Interest Rate Derivatives [Member] | Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	2	1
Derivatives, liabilities	(1)	(1)
Interest Rate Derivatives [Member] | Total Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	2	1
Derivatives, liabilities	(1)	(1)
Interest Rate Derivatives [Member] | Level 2 Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	2	1
Derivatives, liabilities	(1)	(1)
Foreign Currency Derivatives [Member] | Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	17	8
Foreign Currency Derivatives [Member] | Total Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	17	8
Foreign Currency Derivatives [Member] | Level 2 Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	$ 17	$ 8

Segment information (Condensed

Segment information (Condensed Statements Of Comprehensive Earnings And Balance Sheets Of Reportable Segments) (Details) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)segment	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Segment Reporting Information [Line Items]
Revenues from external customers		$ 3,393	$ 4,510	$ 6,658	$ 8,235
Depreciation, depletion and amortization		814	828	1,744	1,567
Interest expense		126	$ 133	245	$ 248
Asset impairments		4,168		9,628
Earnings (loss) before income taxes		(4,479)	$ 1,554	(10,103)	$ 2,114
Income tax expense (benefit)		(1,686)	854	(3,721)	1,085
Net earnings (loss)		(2,793)	700	(6,382)	1,029
Net earnings attributable to noncontrolling interests		23	25	33	30
Net earnings (loss) attributable to Devon		(2,816)	675	(6,415)	999
Property and equipment, net		27,824	36,999	27,824	36,999	$ 36,296
Total assets		40,606	51,115	40,606	51,115	50,637
Capital expenditures		1,191	1,926	3,273	9,539
Eliminations [Member]
Segment Reporting Information [Line Items]
Interest expense		(11)	(11)	(23)	(20)
Total assets		(111)	(119)	(111)	(119)	(124)
Eliminations [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers		(171)	(175)	$ (327)	(473)
United States [Member]
Segment Reporting Information [Line Items]
Number of reportable segments | segment				1
Revenues from external customers	[1]	1,930	3,252	$ 4,189	5,868
Depreciation, depletion and amortization	[1]	595	641	1,307	1,137
Interest expense	[1]	88	108	175	208
Asset impairments	[1]	4,168		9,628
Earnings (loss) before income taxes	[1]	(4,498)	364	(9,986)	761
Income tax expense (benefit)	[1]	(1,736)	378	(3,729)	564
Net earnings (loss)	[1]	(2,762)	(14)	(6,257)	197
Net earnings attributable to noncontrolling interests	[1]	1	1	1	1
Net earnings (loss) attributable to Devon	[1]	(2,763)	(15)	(6,258)	196
Property and equipment, net	[1]	15,852	25,503	15,852	25,503	24,463
Total assets	[1]	21,945	30,527	21,945	30,527	32,037
Capital expenditures	[1]	887	1,416	2,231	8,513
Canada [Member]
Segment Reporting Information [Line Items]
Revenues from external customers		360	506	581	1,190
Depreciation, depletion and amortization		121	112	248	306
Interest expense		23	22	48	41
Earnings (loss) before income taxes		(36)	1,109	(208)	1,201
Income tax expense (benefit)		40	458	(13)	479
Net earnings (loss)		(76)	651	(195)	722
Net earnings (loss) attributable to Devon		(76)	651	(195)	722
Property and equipment, net		6,422	7,009	6,422	7,009	6,790
Total assets		7,643	11,224	7,643	11,224	8,517
Capital expenditures		146	278	370	720
General Partner And EnLink [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	[1]	1,103	752	1,888	1,177
Depreciation, depletion and amortization	[1]	98	75	189	124
Interest expense	[1]	26	14	45	19
Earnings (loss) before income taxes	[1]	55	81	91	152
Income tax expense (benefit)	[1]	10	18	21	42
Net earnings (loss)	[1]	45	63	70	110
Net earnings attributable to noncontrolling interests	[1]	22	24	32	29
Net earnings (loss) attributable to Devon	[1]	23	39	38	81
Property and equipment, net	[1]	5,550	4,487	5,550	4,487	5,043
Total assets	[1]	11,129	9,483	11,129	9,483	$ 10,207
Capital expenditures	[1]	158	232	672	306
General Partner And EnLink [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	[1]	$ 171	$ 175	$ 327	$ 473
[1]	Due to Devon's control of EnLink through its control of the General Partner, the acquisition of VEX by EnLink from Devon was considered a transfer of net assets between entities under common control, and EnLink was required to recast its financial statements as of June 30, 2015 to include the activities of such assets from the date of common control. Therefore, the results of VEX for prior periods have been moved from the U.S. segment to the EnLink segment.