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Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $17.2B | $7.6B | $2.6B | $2.8B | 17.0% | 7.8% | -8.6% |
| 2024 | $15.9B | $7.4B | $2.9B | $-853M | 19.9% | 4.5% | -22.8% |
| 2023 | $15.3B | $7.5B | $3.7B | $2.6B | 31.1% | -20.4% | -37.7% |
| 2022 | $19.2B | $10.4B | $6.0B | $3.4B | 53.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 17,188 |
| Operating Revenue | 17,188 |
| Cost Of Revenue | 12,797 |
| Gross Profit | 4,391 |
| Operating Expense | 535 |
| Selling General And Administration | 492 |
| Total Expenses | 13,332 |
| Operating Income | 3,856 |
| EBITDA | 7,558 |
| Normalized EBITDA | 7,469 |
| EBIT | 3,963 |
| Interest Income | 56 |
| Interest Expense | 497 |
| Net Interest Income | -455 |
| Other Non Operating Income Expenses | -24 |
| Other Income Expense | 65 |
| Interest Income Non Operating | 56 |
| Interest Expense Non Operating | 497 |
| Net Non Operating Interest Income Expense | -455 |
| Pretax Income | 3,466 |
| Tax Provision | 785 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 20.47 |
| Net Income Continuous Operations | 2,681 |
| Net Income From Continuing And Discontinued Operation | 2,642 |
| Net Income From Continuing Operation Net Minority Interest | 2,642 |
| Net Income | 2,642 |
| Net Income Common Stockholders | 2,642 |
| Net Income Including Noncontrolling Interests | 2,681 |
| Normalized Income | 2,573.47 |
| Diluted NI Availto Com Stockholders | 2,642 |
| Basic Average Shares | 632 |
| Diluted Average Shares | 633 |
| Reconciled Depreciation | 3,595 |
| Reconciled Cost Of Revenue | 12,797 |
| Total Unusual Items | 89 |
| Total Unusual Items Excluding Goodwill | 89 |
| Minority Interests | -39 |
| Net Income Discontinuous Operations | - |
| Special Income Charges | 89 |
| Other Special Charges | - |
| Write Off | 254 |
| Impairment Of Capital Assets | - |
| Restructuring And Mergern Acquisition | - |
| General And Administrative Expense | 492 |
| Other Gand A | 233 |
| Salaries And Wages | 259 |
| Gain On Sale Of Ppe | 343 |
| Total Other Finance Cost | 14 |
| Other Operating Expenses | 43 |
| Otherunder Preferred Stock Dividend | - |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Devon Energy Corporationthis co. | DVN | $53.0B | 20.08↓ discount | 3.42 | 17.0% | 7.96 |
| Kinder Morgan, Inc. | KMI | $70.5B | 23.08 | 2.26 | 9.8% | 14.25 |
| Baker Hughes Company | BKR | $65.6B | 25.34 | 3.48 | 13.7% | 15.85 |
| Occidental Petroleum Corporation | OXY | $58.4B | 25.09 | 2.10 | 8.4% | 6.84 |
| Targa Resources Corp. | TRGP |
| - |
| - |
| - |
| - |
| - |
| - |
| $57.4B |
| 29.84 |
| 18.71 |
| 62.7% |
| 15.40 |
| Diamondback Energy, Inc. | FANG | $57.1B | 34.31 | 1.54 | 4.5% | 10.01 |
| ONEOK, Inc. | OKE | $56.0B | 16.52 | 2.49 | 15.1% | 11.40 |
| EQT Corporation | EQT | $34.6B | 16.94 | 1.45 | 8.6% | 7.03 |
| Halliburton Company | HAL | $34.4B | 26.84 | 3.29 | 12.3% | 12.38 |
| Peer Median | - | 25.22 | 2.38 | 11.0% | 11.89 | |