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Devon Energy DVN Costs Incurred Exploration Costs

Costs Incurred Exploration Costs at other companies

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$6.52M+2,030%

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$49.13B+123%
P/E21.7×+13.8×
P/S+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:CostsIncurredExplorationCosts.

The official record: Devon Energy’s 10-K, filed February 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Devon Energy's costs incurred exploration costs?
Devon Energy (DVN) reported costs incurred exploration costs of $145.25M in Q4 2025.
How has Devon Energy's costs incurred exploration costs changed year-over-year?
Devon Energy's costs incurred exploration costs decreased by 15.8% year-over-year, from $172.5M to $145.25M.
What is the long-term trend for Devon Energy's costs incurred exploration costs?
Over 4 years (2021 to 2025), Devon Energy's costs incurred exploration costs has grown at a 28.7% compound annual growth rate (CAGR), from $212M to $581M.
What does costs incurred exploration costs mean?
Represents the total capital expenditures and expenses associated with searching for new oil and gas reserves. This includes geological and geophysical studies, exploratory drilling, and the costs of carrying and retaining unproved properties. It reflects the company's commitment to long-term reserve replacement and growth.