Metrics
The numbers behind Devon Energy Corporation: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ millions unless noted.
Reading notes: Display units are US$ millions, as printed on Devon's statements ('Millions, except per share amounts'). Per-share values and production KPIs are as printed. FY2021-FY2025 statement figures are each taken from that fiscal year's own Form 10-K (first, current-year column). FY2019 and FY2020 long-term figures are the comparative columns of the FY2021 Form 10-K. FY2016-FY2018 long-term figures come from the standardized SEC XBRL feed (data/financials/) and are shown without page links; total revenues and capital expenditures for those years are left blank because the feed values could not be reconciled to any reported caption (see discrepancies). Devon aggregates its U.S. operating segments into a single reportable segment (FY2025 Form 10-K, Note 20), so there is no segment-profit statement. The revenue breakdown instead uses Devon's own product disaggregation - oil, gas and NGL sales by commodity, marketing and midstream revenues, and the mark-to-market 'Oil, gas and NGL derivatives' line - which together foot exactly to the printed 'Total revenues'.
Share Price — Full Available History — 37 Years
The stock closed at $44.41 on Jul 29, 2026 — up 570% over the window shown (+5.3% a year), trading between $3.88 and $124.36. At that close the stock trades at 11× FY2025 diluted EPS as reported below.
Source: market price feed, monthly closes, sampled from 9,211 source observations, Jan 1990–Jul 2026. Price return only, excludes dividends.
Market capitalization $22.5bn and enterprise value $29.5bn.
Market cap = 507.0M shares outstanding × the Jul 29, 2026 close of $44.41. Enterprise value adds total debt of $8.4bn and subtracts cash and equivalents of $1.4bn (net debt of $7.0bn), from the FY2025 balance sheet. Market-derived figures, shown without filing links.
FY2025 at a Glance
Revenue (US$ millions)
Diluted EPS
Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Product
| Revenue by Product | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Oil | 6,996 | 10,281 | 8,879 | 9,368 | 8,906 |
| Gas | 1,104 | 1,948 | 703 | 398 | 842 |
| NGL | 1,431 | 1,853 | 1,209 | 1,410 | 1,475 |
| Oil, gas and NGL sales | 9,531 | 14,082 | 10,791 | 11,176 | 11,223 |
| Marketing and midstream revenues | 4,219 | 5,745 | 4,349 | 4,743 | 5,563 |
| Oil, gas and NGL derivatives | (1,544) | (658) | 118 | 21 | 402 |
| Total revenues | 12,206 | 19,169 | 15,258 | 15,940 | 17,188 |
| Total revenues growth, derived | — | +57.0% | -20.4% | +4.5% | +7.8% |
Source: Form 10-K Note 1 - Disaggregation of Revenue (oil / gas / NGL sales) and Consolidated Statements of Comprehensive Earnings (marketing, derivatives, total) [5] [1] [6] [2]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Comprehensive Earnings [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates from S&P Capital IQ (CapIQ), shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-30. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Balance Sheet
Source: Consolidated Balance Sheets [7] [8] [9] [10]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Consolidated Statements of Cash Flows [11] [12] [13] [14]. Click any linked figure to open the filing page with the row highlighted.
Realized Prices and Hedging
| Realized Prices and Hedging | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Oil (per Bbl) | 65.98 | 94.11 | 75.98 | 73.78 | 62.77 |
| Natural gas (per Mcf) | 3.40 | 5.47 | 1.83 | 0.91 | 1.67 |
| NGLs (per Bbl) | 29.52 | 34.18 | 20.48 | 20.20 | 18.28 |
| Hedge cash settlements, total | (1,462) | (1,356) | 47 | 197 | 232 |
Source: company filings [15] [16] [17] [18]. Click any linked figure to open the filing page with the row highlighted.
Field-Level Cash Margin and Unit Costs
| Field-Level Cash Margin and Unit Costs | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| LOE per Boe | 4.12 | 4.81 | 5.95 | 5.83 | 6.27 |
| Gathering, processing transportation per Boe | 2.91 | 3.11 | 2.92 | 2.93 | 2.71 |
| DD A, oil and gas, per Boe | 9.83 | 9.52 | 10.27 | 11.70 | 11.35 |
| G A per Boe | 1.88 | 1.77 | 1.70 | 1.85 | 1.60 |
| Field-level cash margin per Boe | 35.47 | 50.65 | 32.76 | 29.63 | 24.97 |
| Field-level cash margin | 7,400 | 11,285 | 7,863 | 7,993 | 7,656 |
| EBITDAX | 5,605 | 9,586 | 7,534 | 7,739 | 7,413 |
Source: company filings [19] [20] [15] [21]. Click any linked figure to open the filing page with the row highlighted.
Proved Reserves and Resource Base
| Proved Reserves and Resource Base | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total proved reserves (MMBoe) | 1,625 | 1,815 | 1,817 | 2,155 | 2,428 |
| Proved developed reserves (MMBoe) | 1,285 | 1,419 | 1,425 | 1,715 | 1,844 |
| Proved undeveloped reserves (MMBoe) | 340 | 396 | 392 | 440 | 584 |
| Proved undeveloped share of total proved | 21% | 22% | 22% | 20% | 24% |
| Extensions and discoveries (MMBoe) | 228 | 278 | 322 | 340 | 443 |
| Standardized measure of discounted future net cash flows | 19,301 | 31,314 | 19,313 | 19,770 | 18,765 |
Source: company filings [22] [23] [24] [25]. Click any linked figure to open the filing page with the row highlighted.
Drilling Activity, Wells and Acreage
| Drilling Activity, Wells and Acreage | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Net wells completed during the year | 255.1 | 311.1 | 335.9 | 338.0 | 336.6 |
| Net producing wells at year end | 4,708 | 5,667 | 5,811 | 7,158 | 7,329 |
| Total net acreage (thousands) | 1,946 | 2,012 | 2,028 | 2,370 | 2,369 |
| Net undeveloped acreage (thousands) | 1,281 | 1,282 | 1,285 | 1,316 | 1,310 |
Source: company filings [26] [16] [27] [18]. Click any linked figure to open the filing page with the row highlighted.
Capital Program and Shareholder Distributions
| Capital Program and Shareholder Distributions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Costs incurred in oil and gas activities | 11,253 | 5,167 | 3,759 | 8,553 | 4,000 |
| Shares repurchased during the year (millions) | 14.0 | 11.7 | 19.1 | 24.2 | 30.8 |
| Fourth-quarter dividend rate per share | 0.84 | 1.35 | 0.77 | 0.22 | 0.24 |
Source: company filings [28] [29] [30] [31]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenues | Net earnings attributable to Devon | Diluted net earnings per share | Net cash from operating activities | Capital expenditures | Total stockholders' equity attributable to Devon |
|---|---|---|---|---|---|---|
| FY2016 | — | (1,056) | (2.09) | 1,500 | — | 8,274 |
| FY2017 | — | 898 | 1.70 | 2,909 | — | 9,254 |
| FY2018 | — | 3,064 | 6.10 | — | — | 9,186 |
| FY2019 | 6,220 | (355) | (0.89) | 2,043 | (1,910) | 5,802 |
| FY2020 | 4,828 | (2,680) | (7.12) | 1,464 | (1,153) | 2,885 |
| FY2021 | 12,206 | 2,813 | 4.19 | 4,899 | (1,989) | 9,262 |
| FY2022 | 19,169 | 6,015 | 9.12 | 8,530 | (2,542) | 11,167 |
| FY2023 | 15,258 | 3,747 | 5.84 | 6,544 | (3,883) | 12,061 |
| FY2024 | 15,940 | 2,891 | 4.56 | 6,600 | (3,645) | 14,496 |
| FY2025 | 17,188 | 2,642 | 4.17 | 6,711 | (3,592) | 15,528 |
Source: consolidated statements across filings; older years from the standardized feed [11] [7] [1] [12]. Click any linked figure to open the filing page with the row highlighted.
Operating KPIs
| KPI | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Oil production (MBbls/d) | 290 | 299 | 320 | 347 | 389 |
| Natural gas production (MMcf/d) | 890 | 976 | 1,054 | 1,196 | 1,382 |
| NGL production (MBbls/d) | 133 | 149 | 162 | 191 | 221 |
| Total production (MBoe/d) | 572 | 610 | 658 | 737 | 840 |
| Realized price, unhedged (per Boe) | 45.68 | 63.20 | 44.96 | 41.44 | 36.60 |
Source: company-reported operating metrics [15] [32] [17] [33]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Mean target
Median target
High target
Low target
Street ratings: 21 strong buy, 4 buy, 2 hold. Consensus: Strong Buy.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-30. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Traceability
508 of 520 figures on this page (98%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
Display units are US$ millions, as printed on Devon's statements ('Millions, except per share amounts'). Per-share values and production KPIs are as printed.
FY2021-FY2025 statement figures are each taken from that fiscal year's own Form 10-K (first, current-year column). FY2019 and FY2020 long-term figures are the comparative columns of the FY2021 Form 10-K.
FY2016-FY2018 long-term figures come from the standardized SEC XBRL feed (data/financials/) and are shown without page links; total revenues and capital expenditures for those years are left blank because the feed values could not be reconciled to any reported caption (see discrepancies).
Devon aggregates its U.S. operating segments into a single reportable segment (FY2025 Form 10-K, Note 20), so there is no segment-profit statement. The revenue breakdown instead uses Devon's own product disaggregation - oil, gas and NGL sales by commodity, marketing and midstream revenues, and the mark-to-market 'Oil, gas and NGL derivatives' line - which together foot exactly to the printed 'Total revenues'.
Statement captions changed over the period and are quoted verbatim per year: the FY2021 and FY2022 Form 10-Ks print 'Earnings (loss) from continuing operations before income taxes', 'Income tax expense (benefit)', 'Net earnings (loss) attributable to Devon' and '- continuing operations' suffixes on the cash-flow subtotals (Barnett Shale and Canada were discontinued operations in 2019-2020). The tab uses the current captions as row labels.
The FY2021 balance sheet prints no short-term debt line (none outstanding at December 31, 2021), so that cell is blank; the Q1 FY26 balance sheet prints 'Total stockholders' equity' rather than 'Total equity' because the noncontrolling interest was bought in during Q3 2025.
The FY2021 Form 10-K reflects the January 7, 2021 WPX merger; the FY2024 balances and volumes reflect the Grayson Mill acquisition that closed in Q3 2024. Devon announced an all-stock merger with Coterra Energy on February 2, 2026 that closed in Q2 2026; the corpus ends at the Q1 FY2026 Form 10-Q, so every figure here is standalone Devon.
data/financials/*_quarterly.json carries no fourth-quarter rows, so the derived Q4 columns could not be cross-checked against the feed. They were instead checked against Devon's own fourth-quarter press releases: Q4 2024 net earnings of $639 million / $0.98 per diluted share and operating cash flow of $1.7 billion, and Q4 2025 net earnings of $562 million / $0.90 per diluted share, operating cash flow of $1.5 billion and $250 million of share repurchases - all matching the derived values.
5 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's metrics/metrics_tab.json for the audit trail).