Devon Energy Corp header image

Devon Energy Corp

DVN

Equity

ISIN null / Valor 809015

New York Stock Exchange, Inc (2025-11-18)
USD 34.99-2.15%

Devon Energy Corp
UMushroom community rating:

star star star star star
4.00 2 votes No rating yet
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About company

Devon Energy Corp is a leading independent oil and natural gas exploration and production company with operations focused onshore in the United States. Headquartered in Oklahoma City, the Fortune 500 company is included in the S&P 500 Index and its common shares trade on the New York Stock Exchange under the ticker symbol DVN. Devon's portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth. The company's fourth quarter 2022 daily production included approximately 315,000 barrels of oil, about 150,000 barrels of natural gas liquids, and more than 1 billion cubic feet of natural gas.

Summarized from source with an LLMView SourceSector: Energy

Latest Results (26.10.2025):

Devon Energy Corp. reported strong second-quarter 2025 financial results, exceeding production guidance and demonstrating disciplined capital allocation. The company achieved significant earnings, robust cash flow, and enhanced its balance sheet, while continuing to return capital to shareholders.

Net and Core Earnings

Devon Energy Corp. delivered $899 million in net earnings, or $1.41 per share, and $536 million in core earnings, or $0.84 per share, for the second quarter of 2025.

Production Performance

The company achieved an average production of 841,000 barrels of oil equivalent (Boe) per day, surpassing the top end of its guidance. Oil production averaged 387,000 barrels per day, exceeding the midpoint of expectations.

Capital Investment and Cash Flow

Devon invested $932 million in capital, which is 7% below the midpoint guidance. The company generated $1.5 billion in operating cash flow and $589 million in free cash flow during the quarter.

Shareholder Returns

Devon returned $405 million to shareholders through a fixed quarterly dividend and share repurchases. The company repurchased 7.9 million shares for $249 million in the second quarter as part of its ongoing $5.0 billion share repurchase program.

Balance Sheet Strength

The company's cash balances increased by $525 million, reaching a total of $1.8 billion. Devon ended the quarter with outstanding debt of $8.9 billion and a net debt-to-EBITDAX ratio of 0.9 times.

Strategic Transactions

Devon closed the divestiture of its equity interest in the Matterhorn Pipeline for $372 million and acquired the remaining noncontrolling interests in Cotton Draw Midstream for $260 million, optimizing its midstream portfolio and enhancing long-term value.

Marketing Agreements

The company announced two new marketing agreements: a 10-year LNG export contract with international pricing exposure and a seven-year Permian gas sale tied to ERCOT West power pricing. These agreements enhance Devon's portfolio diversification.

Summarized from source with an LLMView Source

Key figures

-8.84%1Y
-50.6%3Y
168%5Y

Performance

41.7%1Y
36.4%3Y
45.4%5Y

Volatility

Market cap

21999 M

Market cap (USD)

Daily traded volume (Shares)

6,735,714

Daily traded volume (Shares)

1 day high/low

32.22 / 31.125

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

Ratings & reviews

star star star star star

4.00

2 votes
Performance:
starstarstarstarstar
4.00
Innovation:
starstarstarstarstar
3.00
Society:
starstarstarstarstar
4.00
Nature:
starstarstarstarstar
4.00
Todor Todorov
Switzerland, 22 Jul 2022
star star star star star
Tej Ram Kumpakha
Switzerland, 04 Apr 2022
star star star star star
increasing domestic demand

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