Pay vs Performance Disclosure | | 12 Months Ended |
Jan. 06, 2021 | Dec. 31, 2022 USD ($) | Dec. 31, 2021 | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) |
Pay vs Performance Disclosure [Table] | | | | | |
Pay vs Performance [Table Text Block] | | PAY VERSUS PERFORMANCE DISCLOSURE As required by Item 402(v) of Regulation S-K, year-to-year. below PvP Table 1: Named Executive Officer “Compensation Actually Paid” 1,10 Year SCT Total 2,4 “Compensation 3,4 Average SCT 2,5 Average 3,5 Value of a 6,10 Value of a 6,7,10 Post-Tax 8,10 CROCE 9,10 2022 $ 14,531 $ 30,817 $ 5,379 $ 8,670 $ 285 $ 143 $ 6.031B 62 % 2021-Muncrief $ 11,915 $ 39,748 $ 4,596 $ 12,245 $ 191 $ 121 $ 2.808B 39 % 2021-Hager $3,391 $ 31,575 2020 $ 13,355 ($4,994 ) $ 4,536 ($444 ) $ 65 $ 58 ($ 2.688B ) 27 % 1 Dollar amounts are shown in thousands, except where otherwise indicated. Amounts in parentheses are negative. References to our CEO are also references to our principal executive officer (“PEO”) for purposes of this section. 2 “SCT Total” is the Summary Compensation Table’s total for the applicable year. 3 The calculation for “Compensation Actually Paid” is shown in “PvP Table 3”. 4 The CEO for each year is as follows: 2022: Richard E. Muncrief 2021: Richard E. Muncrief, from January 7 th st th th 2020: David A. Hager 5 The other NEOs for each year are as follows: 2022: Dennis C. Cameron, Clay M. Gaspar, David G. Harris, and Jeffrey L. Ritenour. 2021: Tana K. Cashion, Clay M. Gaspar, David G. Harris, Jeffrey L. Ritenour, and Lyndon C. Taylor. 2020: Tana K. Cashion, David G. Harris, Jeffrey L. Ritenour, and Lyndon C. Taylor. 6 “TSR” is Total Shareholder Return including reinvested dividends. It is a measure of finance performance indicating the growth or decline in an investment’s value over a specified period. For 2022, “Cumulative TSR” is measured from the last trading day of 2019 to the last trading day of 2022; for 2021, the range is the last trading day of 2019 to the last trading day of 2021; and for 2020, the range is the last trading day of 2019 to the last trading day of 2020. For Devon, Cumulative TSR for 2022, 2021, and 2020 was 185%, 91%, and -35%, -42% 7 The 2022 peer group is the SPDR S&P Oil & Gas Exploration & Production ETF (Symbol: XOP). The 2021 peer group is comprised of APA Corporation, ConocoPhillips, Continental Resources, Diamondback Energy, Inc., EOG Resources, Inc., Marathon Oil Corporation, Ovintiv, Inc., Pioneer Natural Resources Company, and the S&P Midcap 400 Index. Cimarex Energy Co. is excluded from this Cumulative TSR calculation due to its subsequent acquisition, and the S&P Midcap 400 is excluded due to incomparability on a market capitalized basis. The 2020 peer group was comprised of APA Corporation, Chesapeake Energy Corporation, Cimarex Energy Co, Continental Resources, Inc., EOG Resources, Inc., Marathon Oil Corporation, Occidental Petroleum Corporation, Ovintiv, Inc., and Pioneer Natural Resources Company. Chesapeake Energy Corporation is excluded from this Cumulative TSR calculation due to the impact of their subsequent bankruptcy filing, and Cimarex Energy Co. is excluded due to the company’s subsequent acquisition. 8 Post-Tax Net Income is disclosed in the Comprehensive Statements of Consolidated Earnings of Devon’s annual report as “Comprehensive earnings (loss) attributable to Devon. 9 Cash Return on Capital Employed (CROCE) is an important financial measure used by the Company to link “compensation actually paid” to Company performance because of the importance of capital efficiency to successful operations in the oil and gas exploration and production industry. In Devon’s annual performance scorecard published in the “Annual Performance Bonus” section of this Proxy Statement (and the same section title in the 2021 and 2020 proxy statements), CROCE was weighted as the joint-highest measure of performance on preset annual goals. The Company’s other important financial measures used to link “compensation actually paid” to Company performance are used to calculate Devon’s Annual Performance Bonus and can be found on page 43. 10 The PvP Charts below illustrate the relationship between various performance measures and “Compensation Actually Paid.” | | | |
Company Selected Measure Name | | Cash Return on Capital Employed (CROCE) | | | |
Named Executive Officers, Footnote [Text Block] | | 5 The other NEOs for each year are as follows: 2022: Dennis C. Cameron, Clay M. Gaspar, David G. Harris, and Jeffrey L. Ritenour. 2021: Tana K. Cashion, Clay M. Gaspar, David G. Harris, Jeffrey L. Ritenour, and Lyndon C. Taylor. 2020: Tana K. Cashion, David G. Harris, Jeffrey L. Ritenour, and Lyndon C. Taylor. | | | |
Peer Group Issuers, Footnote [Text Block] | | For the Peer Group, Cumulative TSR was 43%, 21%, and -42% | | | |
Adjustment To PEO Compensation, Footnote [Text Block] | | Subtract (-) Subtract (-) Add (+) Add (+) Equals (=) Year Executive SCT Total Fair Value of Change in The difference 4 Pension Service “Compensation Actually Paid” 2022 CEO $14,531 $10,405 $0 $26,691 $0 $30,817 Other NEO Average $5,379 $3,717 $0 $7,008 $0 $8,670 2021 CEO-Muncrief $11,915 $8,311 $0 $36,144 $0 $39,748 CEO-Hager $3,391 $712 $0 $28,897 $0 $31,575 Other NEO Average $4,596 $1,881 $0 $9,530 $0 $12,245 2020 CEO $13,355 $9,509 $0 ($8,840 ) $0 ($4,994 ) Other NEO Average $4,536 $2,405 $1,038 ($1,904 ) $368 ($444 ) | | | |
Non-PEO NEO Average Total Compensation Amount | | $ 5,379 | | $ 4,596 | $ 4,536 |
Non-PEO NEO Average Compensation Actually Paid Amount | | $ 8,670 | | 12,245 | (444) |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | | Subtract (-) Subtract (-) Add (+) Add (+) Equals (=) Year Executive SCT Total Fair Value of Change in The difference 4 Pension Service “Compensation Actually Paid” 2022 CEO $14,531 $10,405 $0 $26,691 $0 $30,817 Other NEO Average $5,379 $3,717 $0 $7,008 $0 $8,670 2021 CEO-Muncrief $11,915 $8,311 $0 $36,144 $0 $39,748 CEO-Hager $3,391 $712 $0 $28,897 $0 $31,575 Other NEO Average $4,596 $1,881 $0 $9,530 $0 $12,245 2020 CEO $13,355 $9,509 $0 ($8,840 ) $0 ($4,994 ) Other NEO Average $4,536 $2,405 $1,038 ($1,904 ) $368 ($444 ) | | | |
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | | | | | |
Compensation Actually Paid vs. Net Income [Text Block] | | | | | |
Compensation Actually Paid vs. Company Selected Measure [Text Block] | | | | | |
Total Shareholder Return Vs Peer Group [Text Block] | | | | | |
Tabular List [Table Text Block] | | Other Important Measures 1 Free Cash Flow Emissions Reduction ESG & Community Engagement Total Oil & Gas Production Total Capital Expenditures | | | |
Total Shareholder Return Amount | | $ 285 | | 191 | 65 |
Peer Group Total Shareholder Return Amount | | 143 | | 121 | 58 |
Net Income (Loss) | | $ 6,031,000,000 | | $ 2,808,000,000 | $ (2,688,000,000) |
Company Selected Measure Amount | | 0.62 | | 0.39 | 0.27 |
Measure [Axis]: 1 | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Measure Name | | Free Cash Flow | | | |
Measure [Axis]: 2 | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Measure Name | | EmissionsReduction | | | |
Measure [Axis]: 3 | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Measure Name | | ESG & Community Engagement | | | |
Measure [Axis]: 4 | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Measure Name | | Total Oil & Gas Production | | | |
Measure [Axis]: 5 | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Measure Name | | Total Capital Expenditures | | | |
Muncrief [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
PEO Total Compensation Amount | | $ 14,531 | | $ 11,915 | |
PEO Actually Paid Compensation Amount | | $ 30,817 | | 39,748 | |
PEO Name | | Richard E. Muncrief | Richard E. Muncrief | | |
Hager [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
PEO Total Compensation Amount | | | | 3,391 | $ 13,355 |
PEO Actually Paid Compensation Amount | | | | 31,575 | $ (4,994) |
PEO Name | Mr. Hager | | | | David A. Hager |
PEO [Member] | Muncrief [Member] | Fair Value Of Stock Based Awards Granted [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | $ (10,405) | | (8,311) | |
PEO [Member] | Muncrief [Member] | Change in Pension Value [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 0 | | 0 | |
PEO [Member] | Muncrief [Member] | The Difference In The Fair Value From Start To End Of The Year For All Stock Awards Outstanding [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 26,691 | | 36,144 | |
PEO [Member] | Muncrief [Member] | Pension Service Cost and Cost Of Additional Pension Benefits Due To Plan Amendment [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 0 | | 0 | |
PEO [Member] | Muncrief [Member] | Year End Fair Value Awards Made During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 13,005 | | 18,136 | |
PEO [Member] | Muncrief [Member] | Awards Outstanding During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 15,003 | | 24,292 | |
PEO [Member] | Muncrief [Member] | Awards Vesting During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 9,088 | | 2,027 | |
PEO [Member] | Muncrief [Member] | Grant Date Fair Value Awards Made During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | (10,405) | | (8,311) | |
PEO [Member] | Muncrief [Member] | Total Change In Fair Value [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 26,691 | | 36,144 | |
PEO [Member] | Hager [Member] | Fair Value Of Stock Based Awards Granted [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | | | (712) | $ (9,509) |
PEO [Member] | Hager [Member] | Change in Pension Value [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | | | 0 | 0 |
PEO [Member] | Hager [Member] | The Difference In The Fair Value From Start To End Of The Year For All Stock Awards Outstanding [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | | | 28,897 | (8,840) |
PEO [Member] | Hager [Member] | Pension Service Cost and Cost Of Additional Pension Benefits Due To Plan Amendment [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | | | 0 | 0 |
PEO [Member] | Hager [Member] | Year End Fair Value Awards Made During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | | | 1,555 | 7,572 |
PEO [Member] | Hager [Member] | Awards Outstanding During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | | | 17,015 | (4,435) |
PEO [Member] | Hager [Member] | Awards Vesting During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | | | 11,040 | (2,469) |
PEO [Member] | Hager [Member] | Grant Date Fair Value Awards Made During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | | | (712) | (9,509) |
PEO [Member] | Hager [Member] | Total Change In Fair Value [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | | | 28,897 | (8,840) |
Non-PEO NEO [Member] | Fair Value Of Stock Based Awards Granted [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | (3,717) | | (1,881) | (2,405) |
Non-PEO NEO [Member] | Change in Pension Value [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 0 | | 0 | (1,038) |
Non-PEO NEO [Member] | The Difference In The Fair Value From Start To End Of The Year For All Stock Awards Outstanding [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 7,008 | | 9,530 | (1,904) |
Non-PEO NEO [Member] | Pension Service Cost and Cost Of Additional Pension Benefits Due To Plan Amendment [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 0 | | 0 | 368 |
Non-PEO NEO [Member] | Year End Fair Value Awards Made During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 4,533 | | 5,130 | 1,915 |
Non-PEO NEO [Member] | Awards Outstanding During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 4,105 | | 5,653 | (935) |
Non-PEO NEO [Member] | Awards Vesting During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | 1,997 | | 1,653 | (479) |
Non-PEO NEO [Member] | Grant Date Fair Value Awards Made During Year [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | (3,627) | | (2,351) | (2,405) |
Non-PEO NEO [Member] | Total Change In Fair Value [Member] | | | | | |
Pay vs Performance Disclosure [Table] | | | | | |
Adjustment to Compensation Amount | | $ 7,008 | | $ 9,530 | $ (1,904) |