What is Devon Energy's capex?

Devon Energy (DVN) reported capex of $839M in Q1 2026.

How has Devon Energy's capex changed year-over-year?

Devon Energy's capex decreased by 10.2% year-over-year, from $934M to $839M.

What is the long-term trend for Devon Energy's capex?

Over 4 years (2021 to 2025), Devon Energy's capex has grown at a 15.9% compound annual growth rate (CAGR), from $1.99B to $3.59B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Devon Energy DVN CapEx

CapEx at other companies

Occidental PetroleumOXY

$1.55B-7.6%

Northern Oil and GasNOG

$55K-90.6%

SandRidge EnergySD

$20.86M+225%

MTD

Matador ResourcesMTDR

$2.13M+126%

Permian ResourcesPR

$1.95M+16.7%

EOG ResourcesEOG

——

Other financials

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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Cash & equivalents$2.3B—

Total debt$8.7B-3.5%

Total equity$15.4B+6.1%

Total assets$32.5B+5.2%

Cash flow

See full

Operating cash flow$1.7B-14.8%

Free cash flow$816.0M-19.0%

Valuation

See full

Market cap$49.13B+123%

P/E21.7×+13.8×

P/S3×+1.7×

Profitability

See full

Gross margin63.5%—

Operating margin-76.3%—

Net margin13.7%-2.9pp

FCF margin17.7%-0.9pp

Returns & leverage

See full

Return on equity15.1%-5.8pp

Debt / equity0.6×-0.1×

Current ratio1×-0.1×

Where this comes from

Reported directly by Devon Energy in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Devon Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Devon Energy's capex?: Devon Energy (DVN) reported capex of $839M in Q1 2026.
How has Devon Energy's capex changed year-over-year?: Devon Energy's capex decreased by 10.2% year-over-year, from $934M to $839M.
What is the long-term trend for Devon Energy's capex?: Over 4 years (2021 to 2025), Devon Energy's capex has grown at a 15.9% compound annual growth rate (CAGR), from $1.99B to $3.59B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.