DEVON ENERGY CORP/DE

Listed Company

DVNCIK 0001090012NYSELarge AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$17.19B

Net Income

$2.68B

Total Assets

—

Equity

—

Shares Out

621.40M

Op. Cash Flow

$6.71B

Business

DEVON ENERGY CORP/DE is a publicly listed company in Crude Petroleum & Natural Gas, incorporated in Delaware. Common stock trades on NYSE under the ticker DVN.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Oil, gas and NGL sales	16,786	15,919	15,140	19,827	13,750
Oil, gas and NGL derivatives	402	21	118	−658	−1,544
Total revenues	17,188	15,940	15,258	19,169	12,206
Production expenses	3,567	3,183	2,928	2,797	2,131
Exploration expenses	43	28	20	29	14
Depreciation, depletion and amortization	3,595	3,255	2,554	2,223	2,158
Asset impairment	254	0	0	0	0
Asset dispositions	−343	11	−30	−44	−168
General and administrative expenses	492	500	408	395	391
Financing costs, net	455	363	308	309	329
Other, net	24	96	38	−95	−43
Total expenses	13,722	12,228	10,635	11,394	9,308
Earnings before income taxes	3,466	3,712	4,623	7,775	2,898
Income tax expense	785	770	841	1,738	65
Net earnings	2,681	2,942	3,782	6,037	2,833
Net earnings attributable to noncontrolling interests	39	51	35	22	20
Net earnings attributable to Devon	2,642	2,891	3,747	6,015	2,813
Basic net earnings per share	4.18	4.58	5.86	9.15	4.2
Diluted net earnings per share	4.17	4.56	5.84	9.12	4.19
Pension and postretirement plans	0	2	−8	16	−5
Other comprehensive earnings (loss), net of tax	0	2	−8	16	−5
Comprehensive earnings:	2,681	2,944	3,774	6,053	2,828
Comprehensive earnings attributable to noncontrolling interests	39	51	35	22	20
Comprehensive earnings attributable to Devon	2,642	2,893	3,739	6,031	2,808

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash, cash equivalents and restricted cash	1,434	846	875	1,454	2,271
Accounts receivable	1,792	1,972	1,573	1,767	1,543
Inventory	336	294	249	201	114
Other current assets	444	315	460	469	321
Total current assets	4,006	3,427	3,157	3,891	4,249
Oil and gas property and equipment, based on successful efforts accounting, net	23,731	23,198	17,825	16,567	13,536
Other property and equipment, net	1,688	1,813	1,503	1,539	1,472
Property and equipment, net	25,419	25,011	19,328	18,106	15,008
Goodwill	753	753	753	753	753
Right-of-use assets	299	303	267	224	235
Investments	727	727	666	440	402
Other long-term assets	395	268	319	307	378
Total assets	31,599	30,489	24,490	23,271	21,025
Accounts payable	790	806	760	859	500
Revenues and royalties payable	1,491	1,432	1,222	1,506	1,456
Short-term debt	998	485	483	251	0
Other current liabilities	807	586	484	489	1,131
Total current liabilities	4,086	3,309	2,949	3,105	3,087
Long-term debt	7,391	8,398	5,672	6,189	6,482
Lease liabilities	197	320	295	257	252
Asset retirement obligations	863	770	643	511	468
Other long-term liabilities	907	840	876	900	1,050
Deferred income taxes	2,627	2,148	1,838	1,463	287
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued [629] million and 651 million shares in 2025 and 2024, respectively	62	65	64	65	66
Additional paid-in capital	5,388	6,387	5,939	6,921	7,636
Retained earnings	10,200	8,166	6,195	4,297	1,692
Accumulated other comprehensive loss	−122	−122	−124	−116	−132
Total stockholders equity attributable to Devon	15,528	14,496	12,061	11,167	9,262
Noncontrolling interests	0	208	156	129	137
Total equity	15,528	14,704	12,217	11,296	9,399
Total liabilities and equity	31,599	30,489	24,490	23,721	21,025

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Asset impairments	254	0	0	—	—
Leasehold impairments	11	5	5	12	4
Accretion (amortization) of liabilities	16	8	−16	−31	−27
Cash settlements on commodity derivatives	232	197	47	−1,356	−1,462
{Gains} losses on asset dispositions	−343	11	−30	−44	−168
Deferred income tax expense	484	311	376	1,179	49
Share-based compensation	99	99	93	88	99
Other	−67	10	−5	−10	15
Changes in assets and liabilities, net	151	−217	−144	−226	−116
Net cash from operating activities	6,711	6,600	6,544	8,530	4,899
Capital expenditures	−3,592	−3,645	−3,883	−2,542	−1,989
Acquisitions of property and equipment	−322	−3,808	−64	−2,583	−18
Divestitures of property, equipment and investments	545	24	26	39	79
Grayson Mill acquired cash	0	147	0	0	344
Distributions from investments	38	68	32	39	35
Contributions to investments and other	−62	−118	−53	−76	−25
Net cash from investing activities	−3,393	−7,332	−3,942	−5,123	−1,574
Borrowings of long-term debt, net of issuance costs	0	3,219	0	0	—
Repayments of long-term debt	−485	−472	−242	0	−1,243
Repurchases of common stock	−1,050	−1,057	−979	−718	−589
Dividends paid on common stock	−619	−937	−1,858	−3,379	−1,315
Contributions from noncontrolling interests	14	52	37	0	4
Distributions to noncontrolling interests	−23	−51	−45	−30	−21
Acquisition of noncontrolling interests	−260	0	0	—	—
Repayment of finance lease	−282	0	0	0	−59
Shares exchanged for tax withholdings and other	−25	−48	−97	−86	−45
Net cash from financing activities	−2,730	706	−3,184	−4,213	−3,292
Effect of exchange rate changes on cash	0	−3	3	−11	1
Net change in cash, cash equivalents and restricted cash	588	−29	−579	−817	34

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro