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Devon Energy Corporation

Devon Energy Corporation

DVN · NYSE · Energy / Oil & Gas E&P

46.58USD+0.35 (+0.76%)

Price History

Full chart

Market Stats

Previous Close46.23
Open46.76
Day Range45.99 – 46.76
52-Week Range33.26 – 52.28
Volume8.36M
Market Cap48.11B
P/E (TTM)9.91
Forward P/E7.74
EPS4.26
Dividend Yield3.03%
Beta0.48
50-Day Avg48.65
200-Day Avg46.17

About

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Houston, Texas.

Company Details

  • SectorEnergy
  • IndustryOil & Gas E&P
  • CEOMr. Clay M. Gaspar
  • Employees2.20K
  • HeadquartersThree Memorial City Plaza, Houston, TX, United States, 77024, USA
  • Websitehttps://www.devonenergy.com

Leadership

  • Mr. Clay M. GasparPresident, CEO & Director · b. 1972
  • Mr. Jeffrey L. Ritenour CPAExecutive VP & Chief Corporate Development Officer · b. 1973
  • Mr. J. Larry NicholsCo-Founder & Chairman Emeritus · b. 1942
  • Mr. Shannon E. Young IIIExecutive VP & CFO · b. 1972
  • Mr. Blake A. SirgoExecutive Vice President of Operations · b. 1983
  • Mr. Gregory F. Conaway CPAVP & Chief Accounting Officer · b. 1975
  • Mr. Daniel Dennis Guffey C.F.A.Senior Vice President of Corporate Finance
  • Mr. Kevin William SmithExecutive VP & CTO · b. 1986
  • Ms. Andrea M. AlexanderSenior VP & Chief Administrative Officer · b. 1983
  • Mr. Christopher CarrDirector of Investor Relations

Financials

Income Statement

Currency: USD1987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue15.20M18.30M26.30M29.60M28.50M68.70M98.80M100.80M113.30M256.70M452.10M706.20M1.28B2.78B2.86B4.32B7.35B9.09B10.03B9.77B11.36B13.86B7.63B9.94B11.45B9.50B10.40B19.57B13.14B10.30B6.50B8.90B6.22B4.83B12.21B19.17B15.26B15.94B17.19B
Growth (%)-+20.39%+43.72%+12.55%-3.72%+141.05%+43.81%+2.02%+12.40%+126.57%+76.12%+56.20%+80.97%+117.85%+2.87%+50.70%+70.34%+23.59%+10.36%-2.59%+16.33%+21.97%-44.93%+30.26%+15.14%-16.99%+9.43%+88.19%-32.82%-21.61%-36.91%+36.84%-30.08%-22.38%+152.82%+57.05%-20.40%+4.47%+7.83%
Cost of Revenue5.10M8.40M11.80M12.00M10.60M23.00M33.30M31.40M27.30M58.70M100.90M249.70M332.00M494.09M550.00M775.00M1.08B2.60B2.59B2.66B3.06B3.46B2.69B3.29B4.39B4.47B4.79B10.67B12.92B9.43B5.36B6.70B5.51B4.44B8.53B10.80B9.89B11.23B12.80B
Gross Profit10.10M9.90M14.50M17.60M17.90M45.70M65.50M69.40M86.00M198.00M351.20M456.50M946.00M2.29B2.31B3.54B6.27B6.49B7.44B7.11B8.31B10.40B4.94B6.65B7.06B5.03B5.60B8.90B223.00M872.00M1.14B2.19B714.00M392.00M3.68B8.37B5.37B4.71B4.39B
Gross Margin66.45%54.10%55.13%59.46%62.81%66.52%66.30%68.85%75.90%77.13%77.68%64.64%74.02%82.25%80.80%82.04%85.34%71.41%74.21%72.76%73.11%75.02%64.72%66.93%61.66%52.94%53.89%45.47%1.70%8.46%17.58%24.66%11.48%8.12%30.14%43.66%35.17%29.55%25.55%
Operating Expense11.80M11.30M13.40M12.90M38.60M26.40M36.00M42.50M53.30M96.30M212.70M765.30M1.03B993.71M2.13B3.18B3.48B2.80B2.63B3.05B3.79B14.18B2.69B2.63B2.42B4.96B5.04B4.20B20.95B3.77B991.00M702.00M554.00M982.00M433.00M449.00M428.00M528.00M535.00M
Operating Income-1.70M-1.40M1.10M4.70M-20.70M19.30M29.50M26.90M32.70M101.70M138.50M-308.80M-82.00M1.30B179.00M365.00M2.79B3.69B4.81B4.05B4.52B-3.78B2.25B4.02B4.63B74.00M567.00M4.70B-20.73B-2.90B152.00M1.49B160.00M-590.00M3.25B7.92B4.94B4.18B3.86B
Operating Margin-11.18%-7.65%4.18%15.88%-72.63%28.09%29.86%26.69%28.86%39.62%30.63%-43.73%-6.42%46.56%6.25%8.46%37.94%40.58%47.94%41.51%39.80%-27.27%29.52%40.45%40.47%0.78%5.45%24.01%-157.68%-28.10%2.34%16.77%2.57%-12.22%26.59%41.32%32.37%26.24%22.43%
EBITDA6.00M6.00M8.40M12.70M-12.90M39.20M57.90M61.00M70.80M172.00M307.60M386.10M821.00M2.22B2.04B2.40B4.59B5.96B7.08B6.37B7.45B-548.00M-2.17B5.83B6.88B2.89B3.34B7.85B-15.32B898.00M1.39B2.46B1.65B-1.53B5.44B10.37B7.55B7.37B7.56B
EBITDA Margin39.47%32.79%31.94%42.91%-45.26%57.06%58.60%60.52%62.49%67.00%68.04%54.67%64.24%79.71%71.12%55.68%62.42%65.55%70.63%65.20%65.60%-3.95%-28.50%58.65%60.11%30.38%32.12%40.13%-116.57%8.72%21.30%27.64%26.50%-31.71%44.60%54.09%49.46%46.22%43.97%
Net Income-1.10M-600.00K900.00K2.60M-15.00M14.60M20.50M13.70M14.50M67.60M-300.00M-235.90M-150.00M730.34M103.00M104.00M1.75B2.19B2.93B2.85B3.61B-2.15B-2.48B4.55B4.70B-206.00M-20.00M1.61B-12.90B-1.06B898.00M3.06B-355.00M-2.68B2.81B6.01B3.75B2.89B2.64B
Net Income Margin-7.24%-3.28%3.42%8.78%-52.63%21.25%20.75%13.59%12.80%26.33%-66.36%-33.40%-11.74%26.23%3.60%2.41%23.76%24.06%29.22%29.14%31.74%-15.50%-32.49%45.77%41.10%-2.17%-0.19%8.21%-98.11%-10.25%13.81%34.44%-5.71%-55.51%23.05%31.38%24.56%18.14%15.37%
R&D----------------------000000000--------
R&D as % of Total Revenue----------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--------
Interest Expense0000000000000000502.00M475.00M533.00M421.00M430.00M329.00M349.00M363.00M352.00M406.00M437.00M488.00M517.00M427.00M337.00M594.00M250.00M282.00M361.00M347.00M363.00M401.00M511.00M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%6.83%5.23%5.32%4.31%3.78%2.37%4.57%3.65%3.08%4.27%4.20%2.49%3.93%4.14%5.18%6.68%4.02%5.84%2.96%1.81%2.38%2.52%2.97%

Balance Sheet

Currency: USD1987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets60.70M89.10M97.90M123.50M102.10M226.00M285.60M351.40M421.60M746.30M846.40M1.23B4.62B6.86B13.18B16.23B27.16B29.74B30.27B35.06B41.46B31.91B29.69B32.93B41.12B43.33B42.88B50.64B29.53B25.91B30.24B19.57B13.72B9.91B21.02B23.72B24.49B30.49B31.60B
Total Liabilities31.80M47.50M27.70M52.70M49.10M72.70M112.70M145.00M202.60M124.40M153.30M553.90M2.60B3.58B9.93B11.57B16.11B16.06B15.41B17.62B19.45B14.85B14.12B13.67B19.69B22.05B22.38B24.30B18.54B15.54B16.14B10.38B7.80B6.89B11.63B12.43B12.27B15.79B16.07B
Total Equity28.90M41.60M70.20M70.80M53.00M153.30M172.90M206.40M219.00M472.40M543.60M523.00M2.03B3.28B3.26B4.65B11.06B13.67B14.86B17.44B22.01B17.06B15.57B19.25B21.43B21.28B20.50B21.54B7.05B10.38B9.25B9.19B5.92B3.02B9.40B11.17B12.06B14.50B15.53B
Cash3.20M1.80M4.60M7.30M7.70M5.60M19.60M8.30M8.90M9.40M42.10M19.20M173.00M228.05M183.00M292.00M1.27B1.15B1.59B692.00M1.36B195.00M646.00M2.87B5.55B4.64B6.07B1.48B2.31B1.96B2.64B2.41B1.46B2.24B2.27B1.45B875.00M846.00M1.43B
Total Debt13.50M30.00M11.30M28.00M33.30M54.50M80.00M98.00M143.00M8.00M354.30M405.30M2.42B2.05B6.59B7.56B8.24B7.27B6.62B7.77B7.93B7.23B8.79B5.63B9.78B11.64B12.02B11.26B13.03B20.35B6.86B4.45B4.55B4.55B6.76B6.70B6.45B9.20B8.78B
Net Debt10.30M28.20M6.70M20.70M25.60M48.90M60.40M89.70M134.10M-1.40M312.20M386.10M2.24B1.82B6.41B7.27B6.97B6.12B5.03B7.08B6.56B7.03B8.15B2.76B4.22B7.01B5.96B9.78B10.72B8.20B4.22B2.04B3.07B2.31B4.46B5.24B5.58B8.36B7.35B

Cash Flow

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow6.60M13.70M9.30M30.50M64.00M46.40M61.30M86.80M168.70M191.60M205.60M1.62B1.89B1.75B3.77B4.82B5.61B5.99B6.65B9.41B4.74B5.48B6.22B4.96B5.44B5.98B5.38B1.75B2.91B2.70B2.07B1.35B4.90B8.53B6.54B6.60B6.71B
Investing Cash Flow-11.00M-24.70M-10.20M-140.60M-74.20M-73.40M-110.60M-94.80M-131.30M-272.00M-253.70M--5.29B-2.05B-2.43B-3.63B-1.65B-7.49B-5.55B-5.02B-5.35B-112.00M-5.65B-7.53B-4.00B-8.18B-6.32B-872.00M-2.21B1.05B-1.55B-1.13B-1.57B-5.12B-3.94B-7.33B-3.39B
Financing Cash Flow7.20M13.80M1.30M107.90M24.20M15.80M49.80M8.50M-4.50M57.60M195.40M-389.57M3.37B401.00M-414.00M-1.00B-3.54B593.00M-371.00M-3.41B1.20B-3.10B1.69B1.63B20.00M-2.35B1.85B-1.16B9.00M-4.20B-3.64B-306.00M-3.29B-4.21B-3.18B706.00M-2.73B
Capital Expenditure16.10M30.90M12.00M15.90M85.60M35.60M117.60M98.90M130.50M375.50M332.00M1.28B5.33B3.43B2.59B3.10B4.09B7.55B6.16B9.38B4.88B6.48B7.53B8.22B6.76B13.45B6.42B3.97B2.81B2.51B1.94B1.16B2.01B5.13B3.95B7.45B3.91B
Free Cash Flow-9.50M-17.20M-2.70M14.60M-21.60M10.80M-56.30M-12.10M38.20M-183.90M-126.40M338.90M-3.44B-1.67B1.18B1.71B1.52B-1.56B493.00M33.00M-142.00M-998.00M-1.31B-3.27B-1.32B-7.47B-1.03B-2.23B104.00M198.00M130.00M193.00M2.89B3.40B2.60B-853.00M2.80B
Dividends Paid800.00K2.30M2.30M1.70M--2.60M3.10M6.40M7.30M16.40M31.95M35.00M41.00M49.00M107.00M146.00M209.00M259.00M289.00M284.00M281.00M278.00M324.00M348.00M386.00M396.00M221.00M127.00M149.00M140.00M257.00M1.31B3.38B1.86B937.00M619.00M
FCF to OCF-143.94%-125.55%-29.03%47.87%-33.75%23.28%-91.84%-13.94%22.64%-95.98%-61.48%20.93%-182.40%-95.32%31.34%35.57%27.12%-26.00%7.41%0.35%-3.00%-18.22%-21.05%-65.96%-24.32%-124.88%-19.17%-127.43%3.58%7.32%6.28%14.25%59.03%39.92%39.69%-12.92%41.68%
Dividend Paid to FCF-8.42%-13.37%-85.19%11.64%---4.62%-25.62%16.75%-3.97%-12.97%9.43%-1.02%-2.45%4.15%6.25%9.59%-13.41%52.54%875.76%-200.00%-28.16%-21.22%-9.91%-26.32%-5.17%-38.37%-9.93%122.12%75.25%107.69%133.16%45.47%99.24%71.54%-109.85%22.13%

Earnings

Report DateMay 6, 1996Aug 14, 1996Nov 7, 1996Feb 12, 1997Apr 21, 1997Jul 23, 1997Oct 21, 1997Jan 27, 1998Apr 27, 1998Jul 27, 1998Oct 26, 1998Jan 27, 1999Apr 28, 1999Jul 28, 1999Nov 10, 1999Feb 10, 2000Apr 27, 2000Jul 27, 2000Oct 26, 2000Jan 30, 2001May 3, 2001Aug 2, 2001Nov 1, 2001Feb 6, 2002May 2, 2002Aug 1, 2002Nov 7, 2002Feb 6, 2003May 8, 2003Aug 6, 2003Nov 6, 2003Feb 5, 2004May 6, 2004Aug 5, 2004Nov 4, 2004Feb 2, 2005May 4, 2005Aug 3, 2005Nov 2, 2005Jan 31, 2006May 3, 2006Aug 2, 2006Nov 1, 2006Feb 7, 2007May 2, 2007Aug 1, 2007Nov 7, 2007Feb 6, 2008May 7, 2008Aug 6, 2008Nov 5, 2008Feb 4, 2009May 6, 2009Aug 5, 2009Nov 4, 2009Feb 17, 2010May 5, 2010Aug 4, 2010Nov 3, 2010Feb 16, 2011May 4, 2011Aug 3, 2011Nov 2, 2011Feb 15, 2012May 2, 2012Aug 1, 2012Nov 7, 2012Feb 20, 2013May 1, 2013Aug 7, 2013Nov 6, 2013Feb 19, 2014May 7, 2014Aug 6, 2014Nov 4, 2014Feb 17, 2015May 5, 2015Aug 4, 2015Nov 3, 2015Feb 16, 2016May 3, 2016Aug 2, 2016Nov 1, 2016Feb 14, 2017May 2, 2017Aug 1, 2017Oct 31, 2017Feb 20, 2018May 1, 2018Jul 31, 2018Nov 6, 2018Feb 19, 2019Apr 30, 2019Aug 6, 2019Nov 5, 2019Feb 18, 2020May 5, 2020Aug 4, 2020Oct 29, 2020Feb 16, 2021May 4, 2021Aug 3, 2021Nov 2, 2021Feb 15, 2022May 2, 2022Aug 1, 2022Nov 1, 2022Feb 14, 2023May 9, 2023Aug 1, 2023Nov 7, 2023Feb 27, 2024May 1, 2024Aug 6, 2024Nov 5, 2024Feb 18, 2025May 6, 2025Aug 5, 2025Nov 5, 2025Feb 17, 2026May 5, 2026Aug 4, 2026Nov 4, 2026Nov 5, 2026
EPS Estimate0.110.140.170.260.360.220.220.300.150.120.080.100.010.110.160.200.270.450.320.911.200.700.330.060.120.420.330.551.110.750.720.740.921.000.971.221.241.261.752.301.771.561.521.361.251.461.401.902.333.293.061.080.290.590.901.221.471.411.301.401.321.531.481.481.430.830.690.750.560.941.211.061.271.401.231.040.250.430.520.70-0.61-0.200.060.200.400.320.380.630.210.360.430.320.280.370.200.33-0.20-0.26-0.100.030.320.530.931.241.762.372.131.751.401.191.551.411.111.271.101.001.230.860.930.831.091.301.181.24
EPS Actual0.130.160.180.330.360.220.240.270.160.120.080.090.050.130.190.260.340.500.751.151.330.720.340.120.240.440.340.711.230.780.860.801.001.011.031.311.121.381.902.331.761.571.661.361.441.701.352.162.523.293.060.670.480.851.101.331.851.531.441.571.341.711.541.551.050.550.880.780.661.211.291.101.341.401.340.830.220.780.760.77-0.530.060.090.250.410.340.460.380.200.340.630.100.360.430.260.330.13-0.18-0.07-0.270.450.601.081.391.882.592.181.661.461.181.651.411.161.411.101.161.210.841.040.821.041.57-1.42
Surprise18.18%14.29%5.88%26.92%0.00%0.00%9.09%-10.00%6.67%0.00%0.00%-10.00%400.00%18.18%18.75%30.00%25.93%11.11%134.38%26.37%10.83%2.86%3.03%100.00%100.00%4.76%3.03%29.09%10.81%4.00%19.44%8.11%8.70%1.00%6.19%7.38%-9.68%9.52%8.57%1.30%-0.56%0.64%9.21%0.00%15.20%16.44%-3.57%13.68%8.15%0.00%0.00%-37.96%65.52%44.07%22.22%9.02%25.85%8.51%10.77%12.14%1.52%11.76%4.05%4.73%-26.57%-33.73%27.54%4.00%17.86%28.72%6.61%3.77%5.51%0.00%8.94%-20.19%-12.00%81.40%46.15%10.00%13.11%130.00%50.00%25.00%2.50%6.25%21.05%-39.68%-4.76%-5.56%46.51%-68.75%28.57%16.22%30.00%0.00%165.00%30.77%30.00%-996.33%40.63%13.21%16.13%12.10%6.82%9.28%2.35%-5.14%4.29%-0.84%6.45%0.00%4.50%11.02%0.00%16.00%-1.63%-2.33%11.83%-1.20%-4.59%20.77%-14.52%
Timing-----Pre-marketPre-marketPre-market--------------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap48.11B
Enterprise Value57.06B
Trailing P/E9.91
Forward P/E7.74
PEG Ratio14.90
Price / Sales2.18
Price / Book1.11
EPS4.26
Book Value36.82
Revenue (TTM)22.11B
Gross Profit (TTM)11.83B
EBITDA10.20B
Profit Margin16.28%
Operating Margin19.84%
Return on Equity12.56%
Return on Assets6.51%
Shares Outstanding1.14B
Shares Float1.13B
Beta0.48
Dividend Yield3.03%
Dividend Rate1.28
Payout Ratio23.09%

Analyst Ratings

Strong Buy
Based on 28 analystsTarget 61.52
  • Strong Buy
    22
  • Buy
    5
  • Hold
    1

Ownership Breakdown

Institutions
96.67%
Insiders
0.77%
Retail / Other
2.56%

Top Institutional Holders

  • BlackRock Inc
    95.38M8.67%
  • Vanguard Capital Management, LLC
    75.35M6.85%
  • State Street Corp
    73.18M6.65%
  • Vanguard Portfolio Management, LLC
    57.26M5.21%
  • Wellington Management Company LLP
    51.52M4.68%
  • Charles Schwab Investment Management Inc
    38.32M3.48%
  • Geode Capital Management, LLC
    30.52M2.77%
  • Davis Selected Advisers
    25.30M2.30%
  • Amvescap Plc.
    24.15M2.20%
  • Morgan Stanley - Brokerage Accounts
    23.51M2.14%
  • Victory Capital Management Inc.
    16.99M1.54%
  • Dimensional Fund Advisors, Inc.
    16.41M1.49%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    34.91M3.17%
  • Schwab US Dividend Equity ETF™
    31.32M2.85%
  • Vanguard 500 Index Investor
    28.88M2.63%
  • State Street®EngySelSectSPDR®ETF
    23.94M2.18%
  • Vanguard MStar Mid Cap Index Instl
    23.55M2.14%
  • Vanguard Wellington Inv
    22.91M2.08%
  • iShares Core S&P 500 ETF
    14.67M1.33%
  • Fidelity 500 Index
    14.30M1.30%

Dividends

20263×
0.32Sep 15, 20260.32Jun 15, 20260.24Mar 13, 2026
20254×
0.24Dec 15, 20250.24Sep 15, 20250.24Jun 13, 20250.24Mar 14, 2025
20244×
0.22Dec 13, 20240.44Sep 13, 20240.35Jun 14, 20240.44Mar 14, 2024
20234×
0.77Dec 14, 20230.49Sep 14, 20230.72Jun 14, 20230.89Mar 14, 2023
20224×
1.35Dec 9, 20221.55Sep 9, 20221.27Jun 10, 20221.00Mar 11, 2022
20214×
0.84Dec 9, 20210.49Sep 10, 20210.34Jun 11, 20210.30Mar 12, 2021
20201×
0.11Dec 10, 2020

Stock Splits

  • Nov 16, 20042:1