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    Devon Energy Corp (DVN)

    Financials

    Updated May 7, 2025, 5:13 PM UTC
    Income Statement - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Oil, gas and NGL sales (USD, millions)2,737.0010,7912,6292,796.002,665.00--3,126
    Oil, gas and NGL derivatives (USD, millions)723.00118(145)23.00227.00--(98)
    Marketing and midstream revenues (USD, millions)4,3491,1121,098.001,132.00--1,424
    Total revenues (USD, millions)15,2583,5963,917.004,024.00--4,452
    Production expenses (USD, millions)846.002,928751788.00763.00--912
    Exploration expenses (USD, millions)4.002093.004.00--10
    Marketing and midstream expenses (USD, millions)(140.00)4,4091,1331,108.001,149.00--1,436
    Depreciation, depletion and amortization (USD, millions)2,554722768.00794.00--912
    Asset dispositions (USD, millions)(15.00)(30)115.000.00--2
    General and administrative expenses (USD, millions)135.00408114114.00117.00--130
    Financing costs, net (USD, millions)72.003087676.0088.00--123
    Other, net (USD, millions)38225.0037.00--27
    Total expenses (USD, millions)1,987.0010,6352,8282,877.002,960.00--3,806
    Earnings before income taxes (USD, millions)(1,599.00)4,6237681,040.001,064.00--646
    Income tax expense (USD, millions)(548.00)841159185.00239.00--137
    Net earnings (USD, millions)3,782609855.00825.00--509
    Net earnings attributable to noncontrolling interests (USD, millions)16.00351311.0013.00--15
    Net earnings attributable to Devon (USD, millions)(1,067.00)3,747596844.00812.00--494
    Balance Sheet - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash, Cash Equivalents and Restricted Cash (USD, millions)8758751,149676--1,234
    Accounts Receivable (USD, millions)1,5731,5731,6701,5891,779--2,036
    Inventory (USD, millions)249249234258293--332
    Other Current Assets (USD, millions)460460345343484--303
    Total Current Assets (USD, millions)3,1573,1573,3983,3593,232--3,905
    Oil and Gas Property and Equipment, Net (USD, millions)17,82517,82518,03318,21623,155--23,429
    Other Property and Equipment, Net (USD, millions)1,5031,5031,5511,5691,795--1,653
    Total Property and Equipment, Net (USD, millions)19,32819,32819,58419,78524,950--25,082
    Goodwill (USD, millions)753753753753753--753
    Right-of-Use Assets (USD, millions)267267276297317--127
    Investments (USD, millions)666666713704718--713
    Other Long-Term Assets (USD, millions)319319254264293--348
    Total Assets (USD, millions)24,49024,49024,97825,162--30,928
    Accounts Payable (USD, millions)760760879754995--923
    Revenues and Royalties Payable (USD, millions)1,2221,2221,2681,3631,423--1,588
    Short-Term Debt (USD, millions)483483479475---485
    Other Current Liabilities (USD, millions)484484451424488--622
    Total Current Liabilities (USD, millions)2,9492,9493,2663,0162,906--3,618
    Long-Term Debt (USD, millions)5,6725,6725,6685,665--8,395
    Lease Liabilities (USD, millions)295295301315328--77
    Asset Retirement Obligations (USD, millions)643643683691765--835
    Other Long-Term Liabilities (USD, millions)876876841829820--1,041
    Deferred Income Taxes (USD, millions)1,8381,8381,8781,9172,082--2,189
    Common Stock (USD, millions)6464636366--64
    Additional Paid-In Capital (USD, millions)5,9395,9395,7185,4786,662--6,096
    Retained Earnings (USD, millions)6,1956,1956,5097,1327,670--8,506
    Accumulated Other Comprehensive Loss (USD, millions)(124)(124)(123)(122)(121)--(121)
    Total Stockholders’ Equity Attributable to Devon (USD, millions)12,06112,06112,16712,55114,277--14,545
    Noncontrolling Interests (USD, millions)156156174178201--228
    Total Equity (USD, millions)12,21712,21712,34112,72914,478--14,773
    Total Liabilities and Equity (USD, millions)24,49024,49024,97825,16230,263--30,928
    Cash Flow - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net earnings [USD, thousands](1,051.00)3,7821,003461.00825.00--509
    Depreciation, depletion and amortization [USD, thousands]650.002,554615875.00794.00--912
    Leasehold impairments [USD, thousands]1.005--1.00--5
    Accretion (amortization) of liabilities [USD, thousands]7.00(16)(7)(8.00)(2.00)--6
    Total (gains) losses on commodity derivatives [USD, thousands](723.00)(118)(64)186.00(227.00)--98
    Cash settlements on commodity derivatives [USD, thousands]1,226.00471365.0061.00--(10)
    (Gains) losses on asset dispositions [USD, thousands](15.00)(30)--0.00--2
    Deferred income tax expense [USD, thousands](538.00)37680(1.00)164.00--41
    Share-based compensation [USD, thousands]23.00932328.0024.00--30
    Other, Adjustments [USD, thousands]4.00(5)21.003.00--(22)
    Changes in assets and liabilities, net [USD, thousands]36.00(144)12(43.00)16.00--117
    Net cash from operating activities [USD, thousands]6,5441,6771,596.001,663.00--1,942
    Capital expenditures [USD, thousands](910.00)(3,883)(1,012)(830.00)(877.00)--(934)
    Acquisitions of property and equipment [USD, thousands](10.00)(64)(13)(77.00)(3,602.00)--(8)
    Divestitures of property and equipment [USD, thousands]3.002621(3.00)0.00--133
    Distributions from investments [USD, thousands]8.0032814.0013.00--9
    Contributions to investments and other [USD, thousands](1.00)(53)(37)(11.00)(30.00)--(2)
    Net cash from investing activities [USD, thousands](910.00)(3,942)(1,033)(907.00)(4,349.00)--(802)
    Repurchases of common stock [USD, thousands](234.00)(979)(517)56.00(295.00)--(301)
    Dividends paid on common stock [USD, thousands](488.00)(1,858)(596)74.00(272.00)--(163)
    Contributions from noncontrolling interests [USD, thousands]19.0037--20.00--14
    Distributions to noncontrolling interests [USD, thousands](12.00)(45)(11)(15.00)(10.00)--(9)
    Shares exchanged for tax withholdings and other [USD, thousands](1.00)(97)(87)36.002.00--(19)
    Net cash from financing activities [USD, thousands](716.00)(3,184)(1,211)175.00--(752)
    Effect of exchange rate changes on cash [USD, thousands]-3(2)(1.00)1.00---
    Net change in cash, cash equivalents and restricted cash [USD, thousands]114.00(579)(567)861.00(493.00)--388
    Cash, cash equivalents and restricted cash at beginning of period [USD, thousands]1,4541,4541,454875875--846
    Cash, cash equivalents and restricted cash at end of period [USD, thousands]8758758871,169--1,234
    Cash and cash equivalents [USD, thousands]8538537611,140645--1,198
    Restricted cash [USD, thousands]22221262931--36
    Total cash, cash equivalents and restricted cash, Reconciliation [USD, thousands]8758758871,169676--1,234
    Revenue by Segment - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Oil2,2538,8792,1892,4132,2732,4939,3682,414
    Gas1797031285749164398309
    NGL3051,2093123263434291,410403
    Marketing and Midstream1,0844,3491,1121,0981,1321,4014,7431,424
    Oil, Gas and NGL Sales------11,1763,126
    Oil, Gas and NGL Derivatives------21(98)
    U.S. Segment--------
    Canada Segment--------
    EnLink Segment--------
    - Gains on Asset Sales--------
    Eliminations--------
    Total Revenue3,82115,1403,7413,8944,0244,28115,9404,452
    Revenue by Geography - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    U.S.--------
    - Oil Revenue--------
    - Gas Revenue--------
    - NGL Revenue--------
    Canada--------
    EnLink--------
    Total Revenue-15,140----15,940-
    KPIs - Metric (Unit, Scale)FY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Field-level cash margin for Delaware Basin (USD millions)-5,3591,2751,3461,317---
    Field-level cash margin per BOE for Delaware Basin (USD per BOE)-34.3832.0632.1229.38---
    Field-level cash margin for Eagle Ford (USD millions)-1,074266303273---
    Field-level cash margin per BOE for Eagle Ford (USD per BOE)-41.7141.8242.1539.51---
    Field-level cash margin for Anadarko Basin (USD millions)-50898119112---
    Field-level cash margin per BOE for Anadarko Basin (USD per BOE)-16.9414.6415.4814.82---
    Field-level cash margin for Williston Basin (USD millions)-586164160117---
    Field-level cash margin per BOE for Williston Basin (USD per BOE)-29.4329.7428.6221.16---
    Field-level cash margin for Powder River Basin (USD millions)-277606568---
    Field-level cash margin per BOE for Powder River Basin (USD per BOE)-40.1636.0039.4438.88---
    Field-level cash margin for Other (USD millions)-59151515---
    Field-level cash margin per BOE for Other (Not meaningful)-N/MN/MN/MN/M---
    Total field-level cash margin (USD millions)-7,8631,8782,0081,902---
    Total field-level cash margin per BOE (USD per BOE)-32.7631.0931.1928.41---
    Oil production in Delaware Basin (MBbls/d)-211208221227---
    Oil production in Eagle Ford (MBbls/d)-42434644---
    Oil production in Anadarko Basin (MBbls/d)-14111413---
    Oil production in Williston Basin (MBbls/d)-36403734---
    Oil production in Powder River Basin (MBbls/d)-14131314---
    Oil production in Other (MBbls/d)-3443---
    Total oil production (MBbls/d)-320319335335---
    Gas production in Delaware Basin (MMcf/d)-657695712764---
    Gas production in Eagle Ford (MMcf/d)-82799293---
    Gas production in Anadarko Basin (MMcf/d)-238223244241---
    Gas production in Williston Basin (MMcf/d)-58637177---
    Gas production in Powder River Basin (MMcf/d)-18181819---
    Total gas production (MMcf/d)-1,0541,0791,1371,194---
    NGL production in Delaware Basin (MBbls/d)-107113121134---
    NGL production in Eagle Ford (MBbls/d)-15141716---
    NGL production in Anadarko Basin (MBbls/d)-28263029---
    NGL production in Williston Basin (MBbls/d)-9101213---
    NGL production in Powder River Basin (MBbls/d)--222---
    Total NGL production (MBbls/d)-162165182194---
    Combined production in Delaware Basin (MBoe/d)-427437461488---
    Combined production in Eagle Ford (MBoe/d)-71707975---
    Combined production in Anadarko Basin (MBoe/d)-82748482---
    Combined production in Williston Basin (MBoe/d)-54616160---
    Combined production in Powder River Basin (MBoe/d)-19181819---
    Combined production in Other (MBoe/d)-5444---
    Total combined production (MBoe/d)-658664707728---
    Oil realized price, unhedged (USD per Bbl)-75.9875.4079.1073.74---
    Oil realized price, with hedges (USD per Bbl)-75.7075.1578.9574.26---
    Gas realized price, unhedged (USD per Mcf)-1.831.300.550.45---
    Gas realized price, with hedges (USD per Mcf)-2.031.621.100.84---
    NGL realized price, unhedged (USD per Bbl)-20.4820.8119.6019.25---
    NGL realized price, with hedges (USD per Bbl)-20.4820.7319.7119.36---
    Combined realized price, unhedged (USD per Boe)-44.9643.5243.4439.80---
    Combined realized price, with hedges (USD per Boe)-45.1543.9144.2940.71---