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Devon Energy DVN Oil And Gas Property Successful Effort Method Net

Oil And Gas Property Successful Effort Method Net at other companies

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$1.6B+24.9%

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$47.66B+129%
P/E21×+13.7×
P/S2.9×+1.7×

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 ratio-0.1×

Where this comes from

Reported directly by Devon Energy in its filing.

Tagged under the XBRL concept us-gaap:OilAndGasPropertySuccessfulEffortMethodNet.

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 oil and gas property successful effort method net?
Devon Energy (DVN) reported oil and gas property successful effort method net of $23.91B in Q1 2026.
How has Devon Energy's oil and gas property successful effort method net changed year-over-year?
Devon Energy's oil and gas property successful effort method net increased by 2.1% year-over-year, from $23.43B to $23.91B.
What is the long-term trend for Devon Energy's oil and gas property successful effort method net?
Over 5 years (2020 to 2025), Devon Energy's oil and gas property successful effort method net has grown at a 39.9% compound annual growth rate (CAGR), from $4.44B to $23.73B.
What does oil and gas property successful effort method net mean?
The capitalized costs of oil and gas exploration and development activities that have resulted in the discovery of proved reserves, accounted for under the successful efforts method. This excludes costs associated with unsuccessful exploratory wells, which are expensed. It represents the core productive asset base of the company.