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

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Better Buy: Occidental Petroleum or Devon Energy?

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This Big-Time Dividend Stock Is Adding More Fuel to Potentially Push Its Payout Higher

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“Scale equals relevance” is the prevailing theme in the U.S. oil and gas shale world currently, and Devon Energy gained scale in the Eagle Ford play in South Texas this week with a $1.8 billion acquisition of Validus Energy.

Evolving Oil And Gas Shale Boom Appears Poised For M&A Growth

9.7% estimated forward dividend yield, estimated fair value of $80 per share. Paying out up to 50% of free cash as a variable dividend, total $1.55 per share in 2Q22.

Big Dividend Of Nearly 10% For Devon Energy

Devon Energy's latest move will mean big dividends for investors in the near future.

The Big Reason Devon Energy Stock Jumped Early on Tuesday

Devon Energy's management delivers again with another accretive M&A transaction with strong cash flow yield. The purchase strengthens DVN's position in the Eagle Ford; delivering years worth of drilling inventory.

Devon Energy: Acquisition Of Validus Energy Is Another Great Move

Ford Motor Company

Shale producer Devon Energy said on Tuesday it will buy Validus Energy, an Eagle Ford basin operator, for $1.8 billion in cash.

Devon Energy to buy Eagle Ford basin operator Validus for $1.8 billion

OKLAHOMA CITY, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8 billion. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of 2022, with an effective date of June 1, 2022.

Devon Energy Announces Bolt-On Acquisition in the Eagle Ford

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There are some very sound reasons to invest in DVN stock. However, it's important to separate the long-term outlook from some short-term headwinds

Devon Energy Looks Attractive if You Look Past the Headlines

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Devon Energy Corp (NYSE:DVN ) Q2 2022 Earnings Conference Call August 2, 2022 11:00 AM ET Company Participants Scott Coody - VP, IR Richard Muncrief - President, CEO & Director Clay Gaspar - EVP & COO Jeffrey Ritenour - EVP & CFO Conference Call Participants Jeanine Wai - Barclays Bank Arun Jayaram - JPMorgan Chase & Co. Doug Leggate - Bank of America Merrill Lynch Matthew Portillo - Tudor, Pickering, Holt & Co. Scott Hanold - RBC Capital Markets John Freeman - Raymond James & Associates Kevin MacCurdy - Pickering Energy Partners Neil Mehta - Goldman Sachs Group Neal Dingmann - Truist Securities Operator Welcome to Devon Energy's Second Quarter Earnings Conference Call. [Operator Instructions].

Devon Energy Corp (DVN) CEO Richard Muncrief on Q2 2022 Results - Earnings Call Transcript

Devon Energy's (DVN) second-quarter earnings benefit from strong production and higher commodity prices than the prior-year quarter.

Devon Energy (DVN) Q2 Earnings and Revenues Beat Estimates

News for Devon Energy Stock (DVN)