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Devon Energy

DVN

Devon Energy is a leading independent energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids.

Market cap
$49.95B+134%
Revenue$16.5B-1.5%
Net income$2.3B-18.7%
Free cash flow$2.9B-6.2%
EPS (diluted)$3.59-18.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$6.0B
EPS estimate$1.48

Financials

Q1 2026

Income statement

See full
Revenue$3.8B-14.5%
Net income$120.0M-75.7%
EPS (diluted)$0.19-75.3%

Balance sheet

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Total debt$8.7B-3.5%
Total equity$15.4B+6.1%
Total assets$32.5B+5.2%

Cash flow

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Operating cash flow$1.7B-14.8%
CapEx$839.0M-10.2%
Free cash flow$816.0M-19.0%

Valuation & ratios

Valuation

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Market cap$49.95B+134%
P/E22×+14.5×
P/S+1.8×

Profitability

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Net margin13.7%-2.9pp
FCF margin17.7%-0.9pp

Returns & leverage

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Return on equity15.1%-5.8pp
Debt / equity0.6×-0.1×
Current ratio-0.1×

Segments

By product

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Oil Reserves$2.4B+0.4%
NGL$349.0M-13.4%
Gas$254.0M-17.8%

Competitors

Profile

Devon Energy is a leading independent energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. The company operates a diverse portfolio of high-quality onshore assets in the United States, primarily centered in the Delaware Basin, with additional core positions in the Rockies, Eagle Ford, and Anadarko Basin.

Competitive position

A leading large-cap shale operator with a premier position in the economic core of the Delaware Basin and a focus on capital efficiency and shareholder returns.

GeographiesUnited States, Delaware Basin, Williston Basin, Eagle Ford, Anadarko Basin, Rockies
Customer segmentsEnergy Wholesalers, Refining Companies, Utility Providers
Business modelCommodity Production, Resource Extraction
SuppliersOilfield Service Providers, Drilling Rig Operators, Equipment Manufacturers, Land and Mineral Rights Owners
CustomersPetrochemical Manufacturers, Refineries, Natural Gas Utilities, Export Terminals
Listed1988
Employees1.9K
CEOClay Gaspar
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Devon Energy's market cap?
Devon Energy (DVN) has a market capitalization of $50.0B and trades on NYSE.
What is Devon Energy's revenue and profitability?
Devon Energy generated $16.5B in trailing twelve-month revenue with net income of $2.3B, representing a net margin of 13.7%. Gross margin stands at 63.5%, with free cash flow of $2.9B. These figures are based on the Q1 2026 filing.
Who are Devon Energy's competitors?
Devon Energy's key competitors include Diamondback Energy, EOG Resources, Occidental Petroleum, and others. These companies compete in similar markets and product categories.
What subsidiaries does Devon Energy have?
Devon Energy's subsidiaries include Grayson Mill Energy (Williston Basin business), Cotton Draw Midstream, Coterra Energy.
Where is Devon Energy headquartered?
Devon Energy is headquartered in United States of America and employs approximately 1,900 people. It has been publicly traded since 1988.