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Screener

Devon Energy DVN Dry Hole Expense

Dry Hole Expense at other companies

Freeport-McMoRan Inc. logo
Freeport-McMoRan Inc.FCX
$38M-2.6%
EOG Resources logo
EOG ResourcesEOG
$45M+9.8%
Murphy Oil logo
Murphy OilMUR
$0—
Murphy Oil logo
Murphy OilMUR
$7.75M+1,248%
ConocoPhillips logo
ConocoPhillipsCOP
$20M—
Murphy Oil logo
Murphy OilMUR
-$225K-101%

Other financials

Income statement

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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

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

Valuation

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Market cap$52.05B+154%
P/E23×+15.7×
P/S3.2×+2.0×

Profitability

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Gross margin63.5%—
Operating margin-76.3%—
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 ratio1×-0.1×

FAQ

What does dry hole expense mean?
Costs associated with drilling exploratory wells that fail to discover commercially viable quantities of oil or natural gas. This expense reflects the inherent geological risk and capital intensity of exploration activities.