Revenue segments as reported by the company.

Oil, gas and NGL sales

Oil, gas and NGL derivatives

Marketing and midstream revenues

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Production expenses

Exploration expenses

Marketing and midstream expenses

Depreciation, depletion and amortization

Asset impairments

Asset dispositions

General and administrative expenses

Financing costs, net

Restructuring and transaction costs

Other, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Devon Energy

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Barnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Devon Energy reports record performance in 2022, eyes sustained growth

Devon Energy's Q4 2022 Earnings Call highlighted strong financial performance, operational achievements, and a focus on sustaining production and generating free cash flow in 2023. The company remains committed to disciplined operations, high returns, and navigating market uncertainties.

Devon Energy surpasses production targets, focuses on shareholder returns

Devon Energy's Q1 2023 performance reflects exceeding production guidance, strong cash flow generation, and a focus on shareholder returns. The company's strengths lie in operational excellence, capital efficiency, and disciplined financial frameworks.
While challenges include market uncertainties and maintaining profitability amidst cost pressures, Devon Energy has opportunities in refracturing activities, basin focus, and cost-saving initiatives. Overall, Devon Energy remains positioned for growth and value creation in the energy sector.

Devon Energy excels in Q2 with record production and strategic investments

Devon Energy's Q2 performance highlighted solid execution, operational momentum, and a balanced approach to capital allocation. The company aims to continue production growth, achieve cost savings, and enhance shareholder value through dividends and buybacks. Challenges in various basins were acknowledged, with a focus on overcoming technical hurdles and maintaining capital efficiency.

Devon Energy reports 10% production growth, addresses infrastructure challenges

Devon Energy's focus on operational efficiency, capital discipline, and shareholder returns through dividends and buybacks is evident. The company is addressing infrastructure challenges proactively while aiming for production growth and financial strength in 2024.

Devon Energy excels in Q4, prioritizes efficiency and growth

Devon Energy's Q4 2023 earnings call highlighted robust financial performance, strategic priorities for 2024, and a commitment to capital efficiency and shareholder value. The company's focus on operational improvements, well productivity enhancements, and disciplined capital allocation underscores its resilience and growth potential in the energy sector.

Devon Energy surpasses Q1 targets, prioritizes free cash flow generation

Devon Energy's exceptional Q1 performance, exceeding targets, raising guidance, and prioritizing free cash flow generation. Focus on operational efficiency, debt management, and strategic asset development for growth.

Devon Energy excels in Q2 with record production and growth outlook

Devon Energy's exceptional second quarter performance, driven by record oil production and strong financial results, positions the company for continued growth and value creation. With a strategic acquisition strengthening its asset portfolio and a focus on operational efficiencies, Devon is well-positioned to capitalize on growth opportunities and deliver shareholder value.

Devon Energy excels in Q3, anticipates growth with strategic acquisitions

Devon Energy's Q3 2024 earnings call showcased robust operational and financial performance, marked by record production levels and strong free cash flow generation. The company's strategic focus on operational excellence, financial strength, and shareholder value creation positions it well for future growth and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Pioneer Natural Resources

Although bull markets can take place at any point in the economic cycle, strong economic growth is usually a big stock tailwind. A growing global economy usually results in increased demand for energy.

2 Energy Stocks That Could Lead the Next Bull Market

Devon Energy Corporation posted total revenue of $3,823 million in the first quarter of 2023 versus $3,812 million posted in 1Q22. Devon Energy produced 640.7K Boep/d in the first quarter, 11.5% higher than the 1Q22. I recommend buying Devon Energy stock between $48.2 and $47.5, with potential lower support at $45.

Devon Energy Stock: We May Be Close To A Support

Oil prices have recovered some recently, presenting a unique opportunity as stocks have yet to recover. The company is turning on all cylinders with a manageable financial position, continued production growth, and strong shareholder returns. We think the market is undervaluing the company as it can continue generating double-digit shareholder returns, making the company a valuable investment.

Devon Energy: Capture It Before It Recovers Too Much

Chevron

Devon is a pure-play driller focused on the onshore U.S. market. Chevron is one the largest integrated energy companies on the planet.

Better Dividend Buy: Devon Energy vs. Chevron vs.

Devon Energy Corporation buyers have defended its current levels robustly, not allowing its March lows to be breached decisively. Analysts' estimates suggest that its adjusted earnings could bottom out in Q2. Dip-buying sentiments since its March lows likely support that thesis. I also assessed that Devon Energy seems relatively attractive compared to its peers. Also, its underperformance against its XLE peers could reverse.

Devon Energy: Buy Before The Rest See Its Fantastic Opportunity

The two energy companies have excellent prospects in the near term.

Best Dividend Stocks to Buy: Devon Energy vs. Chevron

Oil is expected to perform well due to supply growth deterioration and the weakening dollar, making energy exposure crucial for portfolio protection against inflation and a potential rotation from growth. Devon Energy, with its efficient drilling operations, deep reserves, and commitment to shareholders, is expected to outperform as oil prices rise and supply growth weakens. Devon's strong well productivity, healthy balance sheet, and focus on generating free cash flow position the company to optimize shareholder value through fixed and variable dividends on top of buybacks.

Peak Shale: Why I Believe That Devon Energy Could Double

Devon Energy is known for its fixed-plus-variable dividend policy. Falling crude oil prices took a bite out of Devon's payouts in recent quarters.

Why Devon Energy Stock Slumped 21% in the First Half of 2023

Brookfield Infrastructure Partners L.P.

Energy Transfer LP Unit

Brookfield Infrastructure Partners trades at a low valuation, considering how fast it's growing. Devon Energy trades at a cheap price, even more so if oil prices rebound later this year.

These 3 Stocks Are on Sale: Why You Can't Miss Out on This Spectacular Buying Opportunity

Suncor Energy

After an exciting 2022, the energy sector is now retreating. The price of crude oil has been trading in a range of $75 to $65 since the spring, well below its 2022 peak when a barrel sold in excess of $120.

3 Doomed Energy Stocks Destined for Disaster

Plug Power

Plug Power and Devon Energy give investors unique ways to invest in energy stocks.

Best Growth Stocks to Buy: Plug Power vs. Devon Energy

Cal-Maine Foods

CompX International

Clearway Energy

Park Hotels & Resorts

Pactiv Evergreen

Dividend stocks — particularly the undervalued variety — offer tremendous relevance for market cycles that appear poised to transition from risk-on to risk-off sentiment.

Uncertain Economy? Harness the Power of These 7 Discounted Dividend Stocks

British American Tobacco

EPR Properties

While a diversified portfolio should include some enterprises that offer passive income, here's the deal about high-yield dividend stocks: they're risky as all heck. Usually, such companies represent yield traps, enticing investors with their seemingly robust income-making prospects.

3 High-Yield Dividend Stocks Worth Speculating On Now

Ares Capital

Medical Properties Trust

Three of these stocks offer yields of over 10% with the other two not far behind. All of the dividends appear to be relatively safe, although oil prices could be a factor with two of them.

Want $10,000 in Annual Dividend Income? Invest $94,000 in These 5 High-Yield Stocks.

Pioneer Natural Resources and Devon Energy are oil and gas producers with performance-linked dividends. The two upstream energy stocks differ greatly when you examine their balance sheets.

How Pioneer Natural Resources Is Better Positioned than Devon Energy

Diamondback Energy

Saudi Arabia is extending its production cuts by another month. That continues its efforts to drive up oil prices.

3 Oil Stocks to Buy as Saudi Arabia Presses to Push Crude Prices Higher

NextEra Energy

Devon Energy's dividend could surge in a bull market, giving shares more fuel to rise. NextEra Energy Partners' valuation should give it a lift in a bull market.

2 High-Yield Dividend Stocks That Could Skyrocket in a Bull Market

AT&T

High-yield dividend stocks can amplify returns on capital over long periods. AT&T and Devon Energy both sport attractive valuations and sky-high yields.

Better High-Yield Dividend Stock: AT&T or Devon Energy?

APA Corporation

Frontline

As we delve into July, it's time to take a hard look at some oil stocks to sell. The crude oil market has hit a rough patch over the past several months, with West Texas Intermediate ( WTI ) crude oil prices hovering slightly above the $70 per barrel mark.

3 Oil Stocks to Sell in July Before They Crash and Burn

Banco de Chile

Eni SpA Sponsored ADR

Ecopetrol

Icahn Enterprises

Petroleo Brasileiro

Stellantis N.V. 

Telefonica SA

Vodafone Group

Western Gas Partners

Dogsofthedow.com recently published this list of 50 large-cap high-dividend stocks as of 6/29/23. This list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up”. Investors reduce volatility/risk by limiting high-dividend searches to large-well-established companies. For example, net gain estimates (as-of-6/29/23) for PXD, WES, TEF, DVN, T, ET, STLA, PBR, BTI, & topped-by VOD, ranged 31.24%-56.04%.

July's Top 50 Large-Cap High-Yield Dividend Stocks

Walgreens

Stocks that pay dividends can be great for investors. After all, who doesn't like to receive a regular payment from their investments?

3 Most Undervalued, High-Yield Stocks to Buy Now

OKLAHOMA CITY, June 29, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN), a leading U.S. independent oil and natural gas producer, today announced the release of its 2023 Sustainability Report and 2023 Climate Change Assessment Report.

Devon Energy Publishes 2023 Sustainability Report and Climate Change Assessment Report

ConocoPhillips

The party in energy stocks looks to be over. In 2022, oil and natural gas stocks were the only market segment that saw gains, as the price of crude oil surged to $122 per barrel.

3 Energy Stocks That Have Big Investors Running for the Exit

OKLAHOMA CITY, June 28, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2023 results on Tuesday, Aug. 1, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2023 results will be available on the company's website at www.devonenergy.com.

Devon Energy Schedules Second-Quarter 2023 Earnings Release and Conference Call

KeyCorp

Kinder Morgan

Altria

Annaly Capital

Simon Property Group

Verizon

Investors love dividend stocks. They not only provide dependable income, but they also give investors a great opportunity for solid total return.

News for Devon Energy Stock (DVN)