What is Devon Energy's revenue?

Devon Energy (DVN) generated $16.5B in revenue over the trailing twelve months, down 1.5% year over year.

Is Devon Energy profitable?

Devon Energy reported $2.3B in net income over the trailing twelve months, a 13.7% net margin.

What are Devon Energy's profit margins?

Gross margin is 63.5% and operating margin is -76.3%, with a 13.7% net margin.

What is Devon Energy's earnings per share?

Devon Energy's diluted EPS over the trailing twelve months is $3.59.

Where does Devon Energy's income statement data come from?

Every line is extracted from Devon Energy's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Devon Energy DVN Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Total revenue	$17.19B+7.8%	$15.94B+4.5%	$15.26B-20.4%	$19.17B+57.0%
General and administrative	$492M-1.6%	$500M+22.5%	$408M+3.3%	$395M+1.0%
Compensation and benefits	$99M0.0%	$99M+6.5%	$93M+5.7%	$88M-11.1%
Occupancy and equipment	$85M+204%	$28M+115%	$13M-40.9%	$22M-12.0%
Depreciation and amortization	$3.6B+10.4%	$3.26B+27.4%	$2.55B+14.9%	$2.22B+3.0%
Total operating expenses	$14.51B+11.6%	$13B+13.3%	$11.48B-12.6%	$13.13B—
Other income (expense), net	——	-7%—	——	-1%+39.0%
Income before income taxes	$3.47B-6.6%	$3.71B-19.7%	$4.62B-40.5%	$7.78B+168%
Income tax expense	$785M+1.9%	$770M-8.4%	$841M-51.6%	$1.74B+2,574%
Net income	$2.64B-8.7%	$2.89B-22.6%	$3.74B-38.0%	$6.03B+114%
Net margin	15.4%-2.8pp	18.1%-6.4pp	24.5%-7.0pp	31.5%+8.4pp
Net income attributable to noncontrolling interests	$39M-23.5%	$51M+45.7%	$35M+59.1%	$22M+10.0%
Diluted earnings per share	$4.17-8.4%	$4.55-22.0%	$5.83-36.1%	$9.13+118%
Basic earnings per share	$4.19-8.7%	$4.59-21.5%	$5.85-36.1%	$9.16+118%
Weighted-average shares, diluted	2.5B+1.0%	2.5B-1.9%	2.6B-1.9%	2.6B-1.7%
Weighted-average shares, basic	2.5B+1.2%	2.5B-2.0%	2.6B-1.9%	2.6B-1.7%
Production and ad valorem taxes	$814M-0.6%	$819M+2.6%	$798M-22.7%	$1.03B—
Transformation costs	——	——	$0—	$0-100%
Exploration	$43M+53.6%	$28M+40.0%	$20M-31.0%	$29M+107%
Interest Income (Expense), Nonoperating	-$455M-25.3%	-$363M-17.9%	-$308M+0.3%	-$309M+6.1%
Continuing operations (in dollars per share)	$4.19-8.7%	$4.59-21.5%	$5.85-36.1%	$9.16+118%
Continuing operations (in dollars per share)	$4.17-8.4%	$4.55-22.0%	$5.83-36.1%	$9.13+118%
Share-based compensation expense related to employee stock plans	$99M0.0%	$99M+6.5%	$93M+5.7%	$88M-11.1%
Pre-tax stock-based compensation cost	$99M0.0%	$99M—	——	$88M-11.1%
Amortization Of Debt Discount Premium	$16M+100%	$8M+147%	-$17M+45.2%	-$31M-14.8%
Asset Retirement Obligation Accretion Expense	$51M+30.8%	$39M+34.5%	$29M+16.0%	$25M-10.7%
Asset Retirement Obligation Liabilities Incurred	$58M+93.3%	$30M-72.7%	$110M+50.7%	$73M-45.5%
Asset Retirement Obligation, Liabilities Settled	$65M+75.7%	$37M+23.3%	$30M+57.9%	$19M-66.7%
Changes in estimated cash flows	——	——	——	——
Average Estimated Future Realized Price Per Barrel Of Oil Used To Estimate Future Cash Inflows For Proved Oil Reserves	——	——	——	——
Average Estimated Future Realized Price Per Barrel Of Natural Gas Liquids Used To Estimate Future Cash Inflows For Proved Ngl Reserves	——	——	——	——
Average Estimated Future Realized Price Per Mcf Of Gas Used To Estimate Future Cash Inflows For Proved Gas Reserves	——	——	——	——
Capital Expenditures Including Acquisitions	$4B-55.2%	$8.92B+128%	$3.91B-26.3%	$5.3B—
Additions pending the determination of proved reserves	$555M-17.7%	$674M+29.1%	$522M+13.0%	$462M+124%
Capitalized Exploratory Well Cost Charged To Expense1	$1M0.0%	$1M0.0%	$1M0.0%	$1M-50.0%
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	$588M—	——	——	——
Cash Settlements On Commodity Derivatives	-$232M-17.8%	-$197M-319%	-$47M-103%	$1.36B-7.3%
Cash dividend per common share (in dollars per share)	$0.96-33.8%	$1.45-49.5%	$2.87-44.5%	$5.17+162%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$2.64B-8.7%	$2.89B-22.6%	$3.74B-38.0%	$6.03B+115%
Less: comprehensive income attributable to noncontrolling interest	$39M-23.5%	$51M+45.7%	$35M+59.1%	$22M+10.0%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$2.68B-8.9%	$2.94B-22.0%	$3.77B-37.7%	$6.05B+114%
Conversion Rate Of Gas Reserves From Mcf To Boe	——	——	——	——
Cost Incurred Related To Development And Conversion Of Proved Undeveloped Reserves	$1.1B-8.3%	$1.2B-20.0%	$1.5B+73.2%	$866M+41.5%
Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves	$138M-95.5%	$3.06B+152,800%	$2M-99.9%	$1.76B-74.9%
Costs Incurred Acquisition Of Unproved Oil And Gas Properties	$224M-88.5%	$1.95B+2,994%	$63M-92.2%	$803M-66.3%
Costs Incurred Development Costs	$3.06B+7.0%	$2.86B-9.6%	$3.16B+48.2%	$2.13B+29.8%
Costs Incurred Exploration Costs	$581M-15.8%	$690M+29.2%	$534M+13.1%	$472M+123%
Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities	$4B-53.2%	$8.55B+128%	$3.76B-27.2%	$5.17B-54.1%
Federal	$285M-33.3%	$427M-3.2%	$441M-12.0%	$501M+4,910%
Foreign	$0—	$0+100%	-$3M+57.1%	-$7M-133%
Current State And Local Tax Expense Benefit	$16M-50.0%	$32M+18.5%	$27M-58.5%	$65M+622%
Decrease Due To Sales Of Minerals In Place	$744M—	$0-100%	$9M-55.0%	$20M+66.7%
Federal	$406M+52.1%	$267M-26.8%	$365M-66.5%	$1.09B+5,956%
Deferred taxes	$484M+55.6%	$311M-17.3%	$376M-68.1%	$1.18B+2,306%
State	$78M+77.3%	$44M+300%	$11M-86.6%	$82M+273%
Defined Contribution Plan Cost Recognized	$47M+6.8%	$44M+15.8%	$38M+2.7%	$37M+12.1%
Difference Of Decommissioning Obligation And Available Bond	——	——	——	——
Dividends, Common Stock	$608M-33.9%	$920M-50.2%	$1.85B-45.8%	$3.41B+157%
Effective tax rates	$0.67+8.1%	$0.62—	——	——
Effective Income Tax Rate Reconciliation Amount	$785M+1.9%	$770M-8.4%	$841M—	——
Income taxes at U.S. statutory rate of 21%	84%0.0%	84%0.0%	84%0.0%	84%0.0%
Effective Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits Percent	——	——	——	——
Effective Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits Amount	$6M-72.7%	$22M+100%	$11M—	——
Effective Income Tax Rate Reconciliation Effect Of Changes In Tax Laws Or Rates Amount	$8M—	$0—	$0—	——
Effective Income Tax Rate Reconciliation Effect Of Changes In Tax Laws Or Rates Percent	——	——	——	——
Other	——	——	——	——
Nontaxable or nondeductible items	——	——	——	——
State income taxes – net of federal income tax benefit	7%0.0%	7%+3.0%	4%-1.0%	5%—
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent	——	——	——	——
Share-Based Payment Arrangement, Expense, Tax Benefit	$16M-36.0%	$25M-26.5%	$34M0.0%	$34M+162%
Exploration Expense	$43M+53.6%	$28M+40.0%	$20M-31.0%	$29M+107%
Extensions Discoveries Additions And Improved Recovery Less Related Costs	$4.37B+10.5%	$3.95B-24.3%	$5.22B-28.3%	$7.28B+87.7%
Retired debt	——	——	——	——
Federal Earnings Before Income Taxes Expense Benefit	$3.47B-6.6%	$3.72B-19.3%	$4.61B—	——
Federal Income Tax Expense Benefit Continuing Operations	$691M-0.4%	$694M-13.9%	$806M—	——
Federal State And Local Earnings Before Income Taxes Expense Benefit	-$8M+11.1%	-$9M-164%	$14M—	——
Federal State And Local Income Tax Expense Benefit Continuing Operations	$0—	$0+100%	-$3M—	——
Finance Lease Payments For Financing Cash Flows	$282M—	$0—	——	——
Finance Lease Payments For Investing Cash Flows	$0—	$0—	$0—	$0—
Future Dismantlement Abandonment And Rehabilitation Costs	$1.5B+15.4%	$1.3B+44.4%	$900M+12.5%	$800M+60.0%
Gain Loss On Oil And Gas Hedging Activity	$402M—	——	$118M+118%	-$658M+58.0%
Gain Loss On Sale Of Oil And Gas Property	$0+100%	-$15M+54.5%	-$33M-177%	$43M-74.7%
Gain Loss On Sale Of Property Plant Equipment	$343M—	——	——	$44M-73.8%
Gain on termination of lease	——	——	——	——
Gathering Processing And Transportation Expenses	$831M+5.2%	$790M+12.5%	$702M+1.3%	$693M—
Impairment charge on leasehold improvements	——	$5M0.0%	$5M-58.3%	$12M+200%
Impairment Of Long Lived Assets Held For Use	$254M—	$0—	$0—	——
Income Loss From Continuing Operations Before Noncontrolling Interest	$3.47B-6.6%	$3.71B-19.7%	$4.62B-40.5%	$7.78B+168%
Income Tax Paid Federal Before Refund Received	$149M-66.1%	$439M+25.4%	$350M—	——
State taxes	$37M-14.0%	$43M-18.9%	$53M—	——
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$728M-6.7%	$780M-19.7%	$971M—	——
Nontaxable or Nondeductible items	$2M+115%	-$13M+13.3%	-$15M—	——
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	-$3M-175%	$4M+124%	-$17M—	——
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$74M+23.3%	$60M+100%	$30M—	——
Income Tax Reconciliation Tax Credits Foreign	$2M0.0%	$2M+133%	-$6M—	——
Income Taxes Paid, Net	$186M-61.3%	$480M+20.0%	$400M-8.7%	$438M+478%
Accounts payable	——	——	——	——
Increase (Decrease) in Accounts Receivable	-$183M-208%	$170M+189%	-$191M—	——
Increase Decrease In Estimated Future Development Costs	$582M-27.8%	$806M+270%	$218M+201%	-$216M+47.8%
Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves	-$163M-147%	$346M-89.9%	$3.44B+183%	-$4.15B-13.0%
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital	——	$217M—	——	$226M+94.8%
Increase (Decrease) in Other Current Assets	——	——	-$95M-180%	$119M+497%
Increase (decrease) in other current liabilities	$99M+281%	$26M+149%	-$53M—	——
Increase Due To Purchases Of Minerals In Place	$791M-74.7%	$3.12B—	$0-100%	$4.19B-66.4%
Debt	$497M+23.9%	$401M+8.7%	$369M-0.3%	$370M-4.6%
Interest Income, Other	$56M-9.7%	$62M+12.7%	$55M+44.7%	$38M—
Interest Paid, Excluding Capitalized Interest, Operating Activity	$509M+39.1%	$366M-3.2%	$378M+2.2%	$370M-8.4%
Line Of Credit Facility Commitment Fee Amount	$5M0.0%	$5M0.0%	$5M0.0%	$5M-16.7%
Loe Expenses	$1.92B+22.1%	$1.57B+10.2%	$1.43B+33.3%	$1.07B—
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders	——	$51M+13.3%	$45M+50.0%	$30M+50.0%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$2.73B—	——	-$3.18B+24.4%	-$4.21B-28.0%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$3.39B+53.7%	-$7.33B-86.0%	-$3.94B+23.1%	-$5.12B-225%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$6.71B+1.7%	$6.6B+0.9%	$6.54B-23.3%	$8.53B+74.1%
Net Financing Costs Other	$14M-41.7%	$24M—	——	-$23M-76.9%
Net Income Loss Attributable To Noncontrolling Interest	$39M-23.5%	$51M+45.7%	$35M+59.1%	$22M+10.0%
Net Increase Decrease In Sales And Transfer Prices And Production Costs	-$3.03B+5.5%	-$3.2B+80.9%	-$16.8B-219%	$14.08B+70.2%
Noncontrolling Interest Increase From Business Combination	——	$52M+40.5%	$37M—	——
Number Of Customers Accounted For More Than Ten Percentage Of Revenue	——	——	2+100%	1-50.0%
Operating And Nonoperating Other Income Expense	-$24M+75.0%	-$96M-153%	-$38M-140%	$95M+121%
Operating Lease Payments Financing	$0—	$0—	——	——
Other comprehensive income (loss)	$0—	——	-$8M-150%	$16M+420%
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	$0—	——	$8M+150%	-$16M-420%
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax	-$6M-100%	-$3M+80.0%	-$15M-200%	$15M+143%
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax	$0—	——	$2M+140%	-$5M-600%
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Before Tax	$6M0.0%	$6M+20.0%	$5M-16.7%	$6M+100%
All other operating activities	-$67M-770%	$10M+300%	-$5M+50.0%	-$10M-167%
Payments for Repurchase of Common Stock	$1.05B-0.7%	$1.06B+8.0%	$979M+36.4%	$718M+21.9%
Payments Of Debt Extinguishment Costs	$282M—	$0—	$0—	——
Payments Of Ordinary Dividends	$619M-33.9%	$937M-49.6%	$1.86B-45.0%	$3.38B+157%
Payments to Acquire Investments	$62M-47.5%	$118M+123%	$53M-30.3%	$76M—
Payments to Acquire Productive Assets	$3.59B-1.5%	$3.65B-6.1%	$3.88B+52.8%	$2.54B+27.8%
Payments to Noncontrolling Interests	$23M-54.9%	$51M+13.3%	$45M+50.0%	$30M+42.9%
Previously Estimated Development Costs Incurred	$1.79B+41.2%	$1.27B-19.0%	$1.57B+63.9%	$956M+44.2%
Proceeds from Noncontrolling Interests	$14M-73.1%	$52M+40.5%	$37M—	$0—
Sales of and distributions from equity method investments	$38M-44.1%	$68M+113%	$32M-17.9%	$39M+11.4%
Dispositions of property, plant, and equipment	$545M+2,171%	$24M-7.7%	$26M-33.3%	$39M-50.6%
Proved Developed And Undeveloped Reserve Extension And Discovery Energy	$443+30.3%	$340+5.6%	$322+15.8%	$278+21.9%
Proved Developed And Undeveloped Reserve Net Energy Period Increase Decrease	-$13-117%	-$6+50.0%	-$12—	——
Proved Developed And Undeveloped Reserve Production Energy	$307+13.7%	$270+12.5%	$240+7.6%	$223+6.7%
Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy	$43-82.6%	$247—	——	$153-76.9%
Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy	$150+100%	$75+7,600%	-$1+98.0%	-$49-214%
Proved Developed And Undeveloped Reserves Revisions Other Than Price	150+100%	75+7,600%	-1+98.0%	-49-214%
Proved Developed And Undeveloped Reserves Revisions Due To Prices Energy	-16+70.4%	-54+30.8%	-78-329%	34-78.1%
Proved Developed And Undeveloped Reserves Revisions Due To Change In Previously Adopted Development Plans Other Than Price	-13-62.5%	-80.0%	-8-136%	22—
Proved Developed And Undeveloped Reserves Sale Of Mineral In Place Energy	$40—	——	$1-66.7%	$3-57.1%
Proved Developed Reserve Net Energy Period Increase Decrease	163+101%	81+636%	11—	——
Proved Undeveloped Reserves As Percentage Of Entire Proved Reserves	——	——	——	——
Proved Undeveloped Reserves Conversion To Proved Developed Reserves Energy	175-7.4%	189+14.5%	165+29.9%	127—
Proved Undeveloped Reserves Extensions And Discoveries Energy	322+62.6%	198+11.9%	177+0.6%	176+10.0%
Proved Undeveloped Reserves Increased Percentage	——	——	——	——
Proved Undeveloped Reserves Purchases	19-59.6%	47—	——	44—
Proved Undeveloped Reserves Purchases And Sales	-9—	——	——	——
Proved Undeveloped Reserves Revisions Due To Prices Energy	1+150%	-2+50.0%	-4-300%	2—
Proved Undeveloped Reserves Revisions Other Than Price Energy	13+317%	-6+50.0%	-12+69.2%	-39—
Proved Undeveloped Reserves Revisions With Additional Revisions	32+1,700%	-2+50.0%	-4+76.5%	-17—
Proved Undeveloped Reserves Sale Of Reserves	10—	——	——	——
Oil and Gas, Capitalized Exploratory Well Cost, Reclassification Based on Determination of Proved Reserve	$624M+20.9%	$516M+1.0%	$511M+27.4%	$401M+111%
Results Of Operations Accretion Of Asset Retirement Obligations	$49M+25.6%	$39M+34.5%	$29M+16.0%	$25M-10.7%
Results Of Operations Depreciation Depletion Amortization And Accretion	$3.48B+10.2%	$3.16B+28.1%	$2.46B+16.3%	$2.12B+3.4%
Results Of Operations Income Tax Expense	$888M-8.6%	$972M-6.9%	$1.04B-48.8%	$2.04B+64.9%
Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs	$3.2B-15.5%	$3.78B-11.5%	$4.27B-39.9%	$7.11B+67.8%
Results Of Operations Production Or Lifting Costs	$3.57B+12.1%	$3.18B+8.7%	$2.93B+4.7%	$2.8B+31.3%
Results Of Operations Revenue From Oil And Gas Producing Activities	$11.22B+0.4%	$11.18B+3.6%	$10.79B-23.4%	$14.08B+47.7%
Revenue From Contract With Customer Excluding Assessed Tax	$16.79B+5.4%	$15.92B+5.1%	$15.14B-23.6%	$19.83B+44.2%
Revisions Of Previous Quantity Estimates	$1.43B+235%	$427M+157%	-$747M+14.5%	-$874M-204%
Right Of Use Asset Obtained In Exchange For Finance Lease Liability	$15M+7.1%	$14M—	$0—	$0—
Sales And Transfers Of Oil And Gas Produced Net Of Production Costs	$7.66B-4.2%	$7.99B+1.7%	$7.86B-30.3%	$11.29B+52.5%
Segment Reporting, Other Segment Item, Amount	$12M-91.1%	$135M+382%	$28M+125%	-$110M—
Stock-based compensation	$99M0.0%	$99M+6.5%	$93M+5.7%	$88M-11.1%
Significant Expenses	$3.57B+12.1%	$3.18B+8.7%	$2.93B+4.7%	$2.8B—
Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount	$1.62B-6.2%	$1.73B-41.8%	$2.97B+44.3%	$2.06B+69.0%
State And Local Income Tax Expense Benefit Continuing Operations	$94M+23.7%	$76M+100%	$38M—	——
Tax Withholding For Share Based Compensation	——	——	——	——
Total Expenses	$13.72B+12.2%	$12.23B+15.0%	$10.64B-6.7%	$11.39B+22.4%
Treasury stock, value, acquired	$1.08B-0.7%	$1.09B+0.3%	$1.09B+34.8%	$808M+27.6%
Undistributed Earnings Loss Available To Common Shareholders Basic	$2.64B-8.6%	$2.89B-22.6%	$3.74B—	——
Undistributed Earnings (Loss) Available to Common Shareholders, Diluted	$2.64B-8.6%	$2.89B-22.6%	$3.74B—	——
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions	$10M-54.5%	$22M+120%	$10M-80.4%	$51M+920%
Unrecognized tax benefits, settlements	$4M—	$0—	$0-100%	$14M—
Unrecognized tax benefit, interest expense (income)	$18M+50.0%	$12M+200%	$4M—	$0-100%
Unrecorded unconditional purchase obligation, purchases	$0-100%	$800M+6.7%	$750M+15.4%	$650M+30.0%
Variable Lease Cost Increase Decrease	$0—	$0+100%	-$5M—	$0-100%
Add: dilutive effect of potential common shares (in shares)	——	——	——	——
EBITDA	$7.07B+1.1%	$6.99B-2.9%	$7.19B-28.1%	$10.01B+97.5%
EBITDA margin	41.1%-2.7pp	43.8%-3.3pp	47.1%-5.1pp	52.2%+10.7pp
EBIT	$3.47B-7.0%	$3.73B-19.6%	$4.64B-40.4%	$7.79B+168%

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Devon Energy.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Devon Energy's revenue?: Devon Energy (DVN) generated $16.5B in revenue over the trailing twelve months, down 1.5% year over year.
Is Devon Energy profitable?: Devon Energy reported $2.3B in net income over the trailing twelve months, a 13.7% net margin.
What are Devon Energy's profit margins?: Gross margin is 63.5% and operating margin is -76.3%, with a 13.7% net margin.
What is Devon Energy's earnings per share?: Devon Energy's diluted EPS over the trailing twelve months is $3.59.
Where does Devon Energy's income statement data come from?: Every line is extracted from Devon Energy's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.