Company research
DEVON ENERGY CORP/DE
CIK 1090012Updated Sep 24, 2026
SecurityDVN · NYSE · equity
Name history
DEVON ENERGY CORP · through May 31, 2000DEVON DELAWARE CORP · through Aug 16, 1999
DVN price & chart
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NYSE:DVN on TradingView ↗About the company
Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.
In the news
Devon Energy Reports Second-Quarter 2026 Results ↗
Devon Energy Schedules Second-Quarter 2026 Earnings Release and Conference Call ↗
NYSE Content Update: FIRY Announces Rebranding From Skillz Inc. ↗
Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 31,599,000,000Source | 30,489,000,000Source | 24,490,000,000Source | 23,721,000,000Source |
| Property, Plant and Equipment, NetUSD | 25,419,000,000Source | 25,011,000,000Source | 19,328,000,000Source | 18,106,000,000Source |
| GoodwillUSD | 753,000,000Source | 753,000,000Source | 753,000,000Source | 753,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,384,000,000Source | 811,000,000Source | 853,000,000Source | 1,314,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,792,000,000Source | 1,972,000,000Source | 1,573,000,000Source | 1,767,000,000Source |
| Inventory, NetUSD | 336,000,000Source | 294,000,000Source | 249,000,000Source | 201,000,000Source |
| Assets, CurrentUSD | 4,006,000,000Source | 3,427,000,000Source | 3,157,000,000Source | 3,891,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 276,000,000Source | 55,000,000Source | 21,000,000Source | 21,000,000Source |
| Other Assets, NoncurrentUSD | 395,000,000Source | 268,000,000Source | 319,000,000Source | 307,000,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 62,000,000Source | 65,000,000Source | 64,000,000Source | 65,000,000Source |
| Additional Paid in CapitalUSD | 5,388,000,000Source | 6,387,000,000Source | 5,939,000,000Source | 6,921,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 10,200,000,000Source | 8,166,000,000Source | 6,195,000,000Source | 4,297,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -122,000,000Source | -122,000,000Source | -124,000,000Source | -116,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 15,528,000,000Source | 14,496,000,000Source | 12,061,000,000Source | 11,167,000,000Source |
| Liabilities and EquityUSD | 31,599,000,000Source | 30,489,000,000Source | 24,490,000,000Source | 23,721,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 4,086,000,000Source | 3,309,000,000Source | 2,949,000,000Source | 3,105,000,000Source |
| Operating Lease, Liability, CurrentUSD | 95,000,000Source | 28,000,000Source | 12,000,000Source | 13,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 181,000,000Source | 27,000,000Source | 9,000,000Source | 8,000,000Source |
| Other Liabilities, NoncurrentUSD | 907,000,000Source | 840,000,000Source | 876,000,000Source | 900,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 0Source | 208,000,000Source | 156,000,000Source | 129,000,000Source |
| Additional Financial Items | ||||
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after TaxUSD | 122,000,000Source | — | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 998,000,000Source | 485,000,000Source | 483,000,000Source | 251,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 7,391,000,000Source | 8,398,000,000Source | 5,672,000,000Source | 6,189,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 2,681,000,000Source | 2,942,000,000Source | 3,782,000,000Source | 6,037,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 3,595,000,000Source | 3,255,000,000Source | 2,554,000,000Source | 2,223,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 99,000,000Source | 99,000,000Source | 93,000,000Source | 88,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -183,000,000Source | 170,000,000Source | -191,000,000Source | 142,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | 484,000,000Source | 311,000,000Source | 376,000,000Source | 1,179,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 6,711,000,000Source | 6,600,000,000Source | 6,544,000,000Source | — |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,393,000,000Source | -7,332,000,000Source | -3,942,000,000Source | — |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 25,000,000Source | 48,000,000Source | 97,000,000Source | 86,000,000Source |
| Payments for Repurchase of Common StockUSD | 1,050,000,000Source | 1,057,000,000Source | 979,000,000Source | 718,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,730,000,000Source | 706,000,000Source | -3,184,000,000Source | — |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | 485,000,000Source | 472,000,000Source | 242,000,000Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 588,000,000Source | -29,000,000Source | -579,000,000Source | -817,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,434,000,000Source | 846,000,000Source | 875,000,000Source | 1,454,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 509,000,000Source | 366,000,000Source | 378,000,000Source | 370,000,000Source |
| Income Taxes Paid, NetUSD | 186,000,000Source | 480,000,000Source | 400,000,000Source | 438,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 0Source | -3,000,000Source | 3,000,000Source | -11,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 99,000,000Source | 99,000,000Source | 93,000,000Source | 88,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 51,000,000Source | 39,000,000Source | 29,000,000Source | 25,000,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 343,000,000Source | -11,000,000Source | 30,000,000Source | 44,000,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 343,000,000Source | -11,000,000Source | 30,000,000Source | 44,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source |
| General and Administrative ExpenseUSD | 492,000,000Source | 500,000,000Source | 408,000,000Source | 395,000,000Source |
| GoodwillUSD | 753,000,000Source | 753,000,000Source | 753,000,000Source | 753,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 6,037,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 6,015,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | 785,000,000Source | 770,000,000Source | 841,000,000Source | 1,738,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 2,642,000,000Source | 2,891,000,000Source | 3,747,000,000Source | 6,015,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 39,000,000Source | 51,000,000Source | 35,000,000Source | 22,000,000Source |
| Operating ExpensesUSD | 14,507,000,000Source | 12,998,000,000Source | — | — |
| Operating Lease, ExpenseUSD | — | — | — | 22,000,000Source |
| Other Operating Income (Expense), NetUSD | — | 76,000,000Source | 9,000,000Source | 9,000,000Source |
| Payments to Acquire InvestmentsUSD | 62,000,000Source | 118,000,000Source | 53,000,000Source | — |
| Proceeds from Issuance of Long-term DebtUSD | 0Source | 3,219,000,000Source | — | — |
| Proceeds from Noncontrolling InterestsUSD | 14,000,000Source | 52,000,000Source | 37,000,000Source | 0Source |
| Restructuring CostsUSD | — | — | 0Source | 0Source |
| Results of Operations, Depreciation, Depletion, Amortization and AccretionUSD | 3,479,000,000Source | 3,156,000,000Source | 2,464,000,000Source | 2,119,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 16,786,000,000Source | 15,919,000,000Source | 15,140,000,000Source | 19,827,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 3,466,000,000Source | 3,712,000,000Source | 4,623,000,000Source | 7,775,000,000Source |
| Income Tax Expense (Benefit)USD | 785,000,000Source | 770,000,000Source | 841,000,000Source | 1,738,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 39,000,000Source | 51,000,000Source | 35,000,000Source | 22,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 2,642,000,000Source | 2,891,000,000Source | 3,747,000,000Source | 6,015,000,000Source |
| Earnings Per Share, BasicUSD per share | 4.18Source | 4.58Source | 5.86Source | 9.15Source |
| Earnings Per Share, DilutedUSD per share | 4.17Source | 4.56Source | 5.84Source | 9.12Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 632,000,000Source | 632,000,000Source | 639,000,000Source | 651,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 633,000,000Source | 634,000,000Source | 642,000,000Source | 653,000,000Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 301,000,000Source | 459,000,000Source | 465,000,000Source | 559,000,000Source |
| General and Administrative ExpenseUSD | 492,000,000Source | 500,000,000Source | 408,000,000Source | 395,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 6,037,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 6,015,000,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 4.18Source | 4.58Source | 5.86Source | 9.15Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 4.17Source | 4.56Source | 5.84Source | 9.12Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Interest Expense, DebtUSD | 497,000,000Source | 401,000,000Source | 369,000,000Source | 370,000,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -455,000,000Source | -363,000,000Source | -308,000,000Source | -309,000,000Source |
| Interest Income, OtherUSD | 56,000,000Source | 62,000,000Source | 55,000,000Source | 38,000,000Source |
| Operating ExpensesUSD | 14,507,000,000Source | 12,998,000,000Source | — | — |
| Operating Lease, ExpenseUSD | — | — | — | 22,000,000Source |
| Other Operating Income (Expense), NetUSD | — | 76,000,000Source | 9,000,000Source | 9,000,000Source |
| Restructuring CostsUSD | — | — | 0Source | 0Source |
| Results of Operations, Depreciation, Depletion, Amortization and AccretionUSD | 3,479,000,000Source | 3,156,000,000Source | 2,464,000,000Source | 2,119,000,000Source |
Offerings
Registration 333-294222
Filing attachments
d359332dex991.htm · 8-K · 2026-08-04
EX-99.1 2 d359332dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Devon Energy Corporation Three Memorial City Plaza 840 Gessner Road, Suite 1400 Houston, TX 77024 Devon Energy Reports Second-Quarter 2026 Results HOUSTON, TX - August 4, 2026 - Devon Energy Corporation (NYSE: DVN) today reports second-quarter 2026 results. Supplemental financial tables and forward-looking guidance are available on the company’s website at www.devonenergy.com. KEY FINANCIAL, OPERATIONAL & STRATEGIC HIG…
Read attachment ↗d359332dex992.htm · 8-K · 2026-08-04
EX-99.2 3 d359332dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Devon Energy Second-Quarter 2026 Supplemental Tables TABLE OF CONTENTS: PAGE: Consolidated Statements of Earnings 2 Supplemental Information for Consolidated Statements of Earnings 3 Consolidated Balance Sheets 4 Cons…
Read attachment ↗d162931dex42.htm · 8-K · 2026-06-25
EX-4.2 2 d162931dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 Execution DEVON ENERGY CORPORATION To U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee Supplemental Indenture No. 3 Dated as of June 25, 2026 To Indenture Dated as of August 28, 2024 3.90% Senior Notes due 2027 4.375% Senior Notes due 2029 5.60% Senior Notes due 2034 5.40% Senior Notes due 2035 5.90% Senior Notes due 2055 SUPPLEMENTAL INDENTURE NO. 3, dated as of June 25, 2026 (this “Supplemental Indenture”), betwe…
Read attachment ↗d162931dex48.htm · 8-K · 2026-06-25
EX-4.8 3 d162931dex48.htm EX-4.8 EX-4.8 Exhibit 4.8 Execution Version BREGISTRATION RIGHTS AGREEMENT This REGISTRATION RIGHTS AGREEMENT, dated June 25, 2026 (this “Agreement”), is entered into by and among Devon Energy Corporation, a Delaware corporation (the “Company”), and Wells Fargo Securities, LLC (“Wells Fargo Securities”), BofA Securities, Inc. (“BofA Securities”) and Citigroup Global Markets Inc. (“Citigroup”), and the additional dealer managers listed on Schedule A attached here…
Read attachment ↗d55276dex991.htm · 8-K · 2026-05-22
EX-99.1 2 d55276dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS On May 7, 2026, Devon Energy Corporation, a Delaware corporation (“Devon”), completed the previously announced transaction with Coterra Energy Inc., a Delaware corporation (“Coterra”), pursuant to the Agreement and Plan of Merger, dated as of February 1, 2026 (the “Merger Agreement”), which provided for, among other things, the merger of Cubs Merger Sub, Inc., a Delaware corporation a…
Read attachment ↗d148066dex991.htm · 8-K · 2026-05-21
EX-99.1 2 d148066dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Devon Energy Corporation Three Memorial City Plaza 840 Gessner Road, Suite 1400 Houston, TX 77024 Devon Energy Enhances Permian Inventory in Federal Lease Sale HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) - Devon Energy Corporation (NYSE: DVN) announced the successful acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Counties, New Mexico, for approximately $2.6 billion, or appro…
Read attachment ↗