Cover	12 Months Ended
Cover	Dec. 31, 2022
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	DEVON ENERGY CORP/DE
Entity Central Index Key	0001090012

Pay vs Performance Disclosure

12 Months Ended

Jan. 06, 2021

Dec. 31, 2022

USD ($)

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,

we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last three completed calendar years. “Compensation actually paid” includes payments made to executives during the applicable year such as salary, performance bonus, and various benefits. The SEC’s valuation methods for this section emphasize the changes in fair value of equity awards under applicable financial accounting standards, and as such, references to “compensation actually paid” below reflects the change in equity award values on the applicable calculation dates and does not necessarily reflect what our NEOs received

year-to-year.

This is highlighted by the 2020 values in the Pay Versus Performance (PvP) Tables 1 and Table 2 below, where the “compensation actually paid” numbers are negative. The three PvP tables below, along with three PvP charts and their respective footnotes, are Devon’s disclosure to the new SEC requirements.

PvP Table 1: Named Executive Officer “Compensation Actually Paid”

1,10


Year	SCT Total CEO 2,4	“Compensation Actually Paid” to CEO 3,4	Average SCT Total for Other NEOs 2,5	Average “Compensation Actually Paid” to Other NEOs 3,5	Value of a $100 Investment in Devon Based on Cumulative TSR 6,10	Value of a $100 Investment in the Peer Group Based on Cumulative TSR 6,7,10	Post-Tax Net Income 8,10	CROCE 9,10

2022	$14,525	$ 30,810	$5,374	$ 8,665	$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

to the end of the year; David A. Hager, from January 1

to 6

. After January 6

, Mr. Hager assumed the position of Executive Chair of the Board of Directors until his retirement in early 2023.

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.

“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%,

respectively. For the Peer Group, Cumulative TSR was 43%, 21%, and

-42%

for the same periods.

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.

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%

for the same periods.

Adjustment To PEO Compensation, Footnote [Text Block]


			Subtract (-)	Subtract (-)	Add (+)		Add (+)	Equals (=)
Year	Executive	SCT Total Compensation	Fair Value of Stock-Based Awards Granted During the Year	Change in Pension Value for the Year	The difference in the fair value from start to end of the year for all stock awards outstanding 4		Pension Service Cost and Cost of Additional Pension Benefits Due to Plan Amendment	“Compensation Actually Paid”
2022	CEO	$14,525	$10,405	$0	$26,691		$0	$30,810
2022	Other NEO Average	$5,374	$3,717	$0	$7,008		$0	$8,665
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	)
2020	Other NEO Average	$4,536	$2,405	$1,038	($1,904	)	$368	($444	)

Non-PEO NEO Average Total Compensation Amount

$ 5,374

$ 4,596

$ 4,536

Non-PEO NEO Average Compensation Actually Paid Amount

$ 8,665

12,245

(444)

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]


			Subtract (-)	Subtract (-)	Add (+)		Add (+)	Equals (=)
Year	Executive	SCT Total Compensation	Fair Value of Stock-Based Awards Granted During the Year	Change in Pension Value for the Year	The difference in the fair value from start to end of the year for all stock awards outstanding 4		Pension Service Cost and Cost of Additional Pension Benefits Due to Plan Amendment	“Compensation Actually Paid”
2022	CEO	$14,525	$10,405	$0	$26,691		$0	$30,810
2022	Other NEO Average	$5,374	$3,717	$0	$7,008		$0	$8,665
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	)
2020	Other NEO Average	$4,536	$2,405	$1,038	($1,904	)	$368	($444	)