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MARKETS / NYSE / DVN
NYSE · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

Devon Energy Corp. DVN

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$16.8B
▲ 5.4% YoY
$2.6B
▼ 8.7% YoY
$3.1B
▲ 5.5% YoY
In brief

What this company does

Devon Energy Corporation is engaged primarily in the exploration, development and production of oil, natural gas and NGLs. Its operations are concentrated in various onshore areas of the United States, and its principal and administrative offices are located at 333 West Sheridan, Oklahoma City, Oklahoma. As of December 31, 2025, Devon and its consolidated subsidiaries had approximately 2,200 employees, all located in the United States. The Delaware Basin, part of its portfolio, spans southeast New Mexico and across the state line into west Texas. Its Eagle Ford operations are located in DeWitt and Karnes counties in Texas. In the Anadarko Basin of western Oklahoma, it has an agreement with Dow to jointly develop a portion of its acreage, with a two-rig program as of December 31, 2025. Devon was founded in 1971 and has been publicly held since 1988.

Written from the business description in DEVON ENERGY CORP/DE's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth
USD 16.8B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 16.8 · Net income 2.6
8B16B-5B-10B2007201020132016201920222025
Compound annual growth
−5.4%
+29.1%
+2.5%
+3.6%
−24.1%
−3.6%
−23.0%
+1.5%
−36.5%
+28.9%
−0.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +29.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
16 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 20.6% · Net 16.0%
20%40%-50%-100%-150%2007201020132016201920222025
ROE
FY2025 · ROE 17.6%
20%40%-50%2007201020132016201920222025

Each USD of equity produced 18 cents of profit this year.

Cash & shareholders
USD 1.1B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 3.1
2B4B-2B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 1.1
2B4BDividendsNet buybacks2007200920112019202120232025

USD 1.1B in buybacks — 40% of the year's profit went back to shareholders.

Total assetsUSD 31.6B
EquityUSD 15.5B
CashUSD 1.4B
Gross debtUSD 8.4B
Net debtUSD 7.0B
Current ratio0.98×

Net debt stands at 45% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B16.815.915.119.813.84.76.78.43.52.813.120.610.49.511.49.98.013.910.0
Operating income $B3.53.74.67.82.9−3.1···−2.9−20.74.70.60.14.6····
EBITDA $B7.17.07.210.05.1−1.8···−1.3−16.78.03.32.96.9····
Income tax $B0.80.80.81.70.1−0.5−0.00.20.00.1−6.22.40.2−0.12.21.2−1.8−1.10.8
Net income $B2.62.93.76.02.8−2.7−0.43.10.9−1.1−12.91.6−0.0−0.24.74.5−2.5−2.13.6
Free cash flow $B3.13.02.76.02.90.30.1−0.51.2−0.03.8−0.45.2−3.3−1.3−1.0−0.10.60.9
EPS, diluted $4.174.565.849.124.19−7.12−0.896.101.70−2.09−31.723.91−0.06−0.5211.2510.31−5.58−4.858.00
Dividend / sh $··············0.670.160.640.64·
Payout %·32505647−10−39············
ROE %17.621.832.259.046.3−61.7−4.733.210.2−13.8−90.27.6−0.1−1.023.126.1−15.2−12.6·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 21 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCrude Petroleum & Natural Gas
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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