Devon Energy Corp (DVN)
Devon Energy Corp brought in $20.3B of revenue over the twelve months to June 30, 2026, up 18.5% from a year earlier. Net income was $3.3B, a net margin of 16.2%. Operating cash flow minus capital spending left $3.1B of free cash flow in fiscal 2025. At June 30, 2026 it held $950M in cash against $11.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 5, 2026.
Key facts about Devon Energy Corp
- Net worth
- Devon Energy Corp has a market value (market cap) of $52.8B at the latest share price, and shareholders' equity of $41.7B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $17.2B (+7.8% year on year), with net income of $2.6B. Over the 12 months to June 30, 2026: revenue $20.3B, net income $3.3B.
- Cash flow
- In fiscal 2025 operations brought in $6.7B of cash; after $3.6B of capital spending, free cash flow was $3.1B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 5, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
What Devon Energy Corp does
Devon Energy is an energy company engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids. Its onshore operations are focused in North American shale basins, primarily selling crude oil and gas to refiners and pipeline operators. Its shares trade on NYSE under the ticker DVN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $17.2B | $2.6B | $4.17 | $3.1B |
| 2024 | $15.9B | $2.9B | $4.56 | $3B |
| 2023 | $15.3B | $3.7B | $5.84 | $2.7B |
| 2022 | $19.8B | $6B | $9.12 | $6B |
| 2021 | $13.8B | $2.8B | $4.19 | $2.9B |
| 2020 | $4.8B | -$2.7B | -$7.12 | $311M |
Full financial statements: income, balance sheet and cash flow
Where DVN ranks in Energy
Dividends
It paid out $619M in cash dividends, 23% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $619M | 23% |
| 2024 | n/a | $937M | 32% |
| 2023 | n/a | $1.9B | 50% |
| 2022 | n/a | $3.4B | 56% |
| 2021 | n/a | $1.3B | 47% |
| 2020 | n/a | $257M | n/a |
Latest SEC filings
What Devon Energy Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 23, 2026
- August 27, 2026
- August 26, 2026Form N-PX filing N-PX
- August 20, 2026
- August 13, 2026Passive stake (5% or more) SCHEDULE 13G
- August 13, 2026Form 13F-HR filing 13F-HR
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 73% to $7.4B versus the same quarter last year; diluted EPS $2.03 versus $1.41.
- August 4, 2026
- July 31, 2026Passive stake changed SCHEDULE 13G/A
- June 30, 2026
What is DVN worth? A DCF from its reported cash flow
Insider trades
What the people running Devon Energy Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $199.9K and sold $344.2K worth of shares in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 14, 2026 | Lowe Robert Ferrall IIIEVP EXPLORATION & PRODUCTION | Sold | 6,756 | $344.2K |
| September 14, 2026 | Gaspar Clay MPRESIDENT AND CEO, Director | Bought | 3,913 | $199.9K |
| September 10, 2026 | Gaspar Clay MPRESIDENT AND CEO, Director | Received as pay | 53,979 | - |
| July 1, 2026 | Jorden Thomas EDirector | Gave as a gift | 7,684 | - |
| July 1, 2026 | Jorden Thomas EDirector | Gave as a giftindirect | 7,684 | - |
| June 30, 2026 | Williams ValerieDirector | Received as pay | 5,567 | - |
| June 30, 2026 | Jorden Thomas EDirector | Received as pay | 7,684 | - |
| June 30, 2026 | Watts Marcus ADirector | Received as pay | 5,567 | - |
Who owns DVN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Devon Energy Corp13G, passive | 12.5% | August 13, 2026 |
| Vanguard Capital Management13G, passive | 7.5% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,460 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 95,378,854 | +34,871,366 |
| Vanguard Capital Management LLC | 75,348,040 | +35,019,913 |
| State Street Corp | 73,179,266 | +34,615,088 |
| Vanguard Portfolio Management LLC | 57,263,240 | +22,926,454 |
| Wellington Management Group Llp | 51,522,376 | +41,581,435 |
| Charles Schwab Investment Management Inc | 38,323,956 | +19,152,103 |
| Geode Capital Management, LLC | 30,520,177 | +13,768,578 |
| Davis Selected Advisers | 25,297,991 | new |
| Invesco Ltd. | 24,148,878 | +5,194,217 |
| Morgan Stanley | 23,513,769 | +11,786,920 |
| Victory Capital Management Inc | 16,992,378 | +7,860,036 |
| Dimensional Fund Advisors LP | 16,907,374 | +7,301,243 |
| D. E. Shaw & Co., Inc. | 12,044,728 | +8,210,181 |
| Northern Trust Corp | 11,126,837 | +5,124,613 |
| Goldman Sachs Group Inc | 10,925,640 | +5,637,186 |
| TOMS Capital Investment Management LP | 10,259,000 | new |
| Bank of America Corp | 10,194,233 | +3,979,875 |
| GQG Partners LLC | 9,742,444 | -6,427,901 |
| Bank of New York Mellon Corp | 9,628,124 | +5,573,172 |
| Citadel Advisors LLC | 8,870,747 | +6,852,573 |
Insiders
24 insiders reported holding 5,451,173 shares in total, about $261.5M at the last price.
| Holder | Shares |
|---|---|
| Jorden Thomas EDirector | 2,416,4362,416,436 held indirectly |
| Gaspar Clay MPRESIDENT AND CEO, Director | 619,152 |
| Ritenour Jeffrey LEVP & CHIEF CORP DEV OFFICER | 428,452 |
| Young, III Shannon E.EVP, CFO | 323,480 |
| Cameron Dennis CEVP and General Counsel | 263,598 |
| DeShazer Michael D.EVP, Exploration & Production | 204,321 |
| Sirgo Blake AEVP, Operations | 199,039 |
| Cashion Tana KEVP Human Resources and Admin | 139,634 |
| Alexander AndreaSVP & CHIEF ADMIN OFFICER | 138,529 |
| Vela Adam MSVP & GENERAL COUNSEL | 130,540 |
Questions about DVN
What does Devon Energy Corp do?
Devon Energy is an energy company engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids. Its onshore operations are focused in North American shale basins, primarily selling crude oil and gas to refiners and pipeline operators. Its shares trade on NYSE under the ticker DVN.
What is Devon Energy Corp's net worth?
Devon Energy Corp has a market value (market cap) of $52.8B at the latest share price, and shareholders' equity of $41.7B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Devon Energy Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $3.3B on revenue of $20.3B, a net margin of 16.2%.
How much revenue does Devon Energy Corp make?
Over the twelve months to June 30, 2026 Devon Energy Corp reported revenue of $20.3B. That is 18.5% more than a year earlier.
When did Devon Energy Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 5, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the conflict minerals disclosure from September 23, 2026.
Similar companies
Compare DVN with
Follow DVN
Get an email when Devon Energy Corp files with the SEC: results, executive changes, material agreements and annual reports.
Follow DVN: get an email when it filesWhere the numbers come from
Financial figures are the values Devon Energy Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.