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

Newmont Mining

Philip Morris

While you can always swing for the fences on any opportunity, going for enterprises listed in the Standard and Poor's 500 could be a shrewd move, thus warranting a closer examination of S&P 500 stocks. Fundamentally, even the worst performers on this list are sometimes miles ahead of lesser-known entities.

3 S&P 500 Stocks to Buy for the Next Bull Run: February 2024

Brookfield Renewable Partners

ConocoPhillips

Devon Energy isn't a great pick for most dividend investors, but a select few will probably love its variable dividend policy. ConocoPhillips has a three-tier capital return framework that features two quarterly cash payments.

3 Unique Dividend Opportunities in the Energy Patch

Kinder Morgan

Altria

Verizon

Whirlpool

Production is weighted towards crude oil, while growth opportunities are liquids-focused – anchored by: The Delaware Basin, SCOOP/STACK, Eagle Ford Shale, Canadian Oil Sands Barnett Shale Devon also owns equity in the publicly traded midstream MLP, EnLink Midstream, LLC.

These are the 5 Biggest Dividend Yields in the S&P 500 Right Now

Devon Energy has reportedly made an offer to acquire Enerplus. A deal would enhance its operations in the Bakken.

Devon Energy Could Soon Join the Oil Patch Acquisition Binge

Enerplus

Devon Energy Corp is reportedly interested in buying Enerplus Corp. Shares of the latter are up nearly 10% at writing. How much is Devon willing to spend on Enerplus remains unknown.

Devon Energy is reportedly interested in buying Enerplus

U.S. oil and gas producer Devon Energy has approached Enerplus , a peer with a market value of C$3.9 billion ($2.9 billion), with an acquisition offer, people familiar with the matter said on Thursday.

Exclusive: Shale producer Devon Energy in bid to acquire Enerplus -sources

Devon Energy Corporation stock has underperformed the S&P 500 significantly since my previous downgrade, as I urged caution. The collapse in natural gas prices justifies a substantial de-rating in DVN's valuation. Devon Energy's business model remains more exposed to oil and gas cyclicality, suggesting investors must be careful about adding at cycle peaks.

Devon Energy: Fears Have Likely Peaked, Time To Turn Bullish (Upgrade)

Devon Energy projects Delaware Basin production to remain flat in 2024 which means overall company production will likely also remain level. Despite a temporary leveling in production growth, the company has turned its attention to capital efficiency and projects substantial FCF growth in 2024. This growth in FCF should support shares as dividend and share buybacks remain strong in 2024 as oil prices potentially bottom.

Devon Energy: Accumulating The Dip

Chevron

Helmerich & Payne

Ample and growing production from the U.S. means there isn't a lot of upside for oil prices, but it does mean lots of cash for service providers.  The oil market consolidation wave will continue, with one merger idea making lots of strategic sense.

3 Bold Predictions for the Oil Market in 2024

This is another one of the top energy stocks and remains a favorite across Wall Street, paying a dependable 6.41% dividend.

The 5 Highest Yielding S&P 500 Stocks To Buy and Hold Forever

Pfizer

Both of these stocks have been beaten down significantly over the past 18 to 24 months. However, both offer ultra-high dividend yields with dividend payouts that should increase in the future.

2 Ultra-High-Yield Dividend Stocks Down 47% or More to Buy Hand Over Fist Right Now

Eversource Energy

Unilever

U.S. stock indices howled to fresh all-time highs this week as the first full moon of 2024 lit up the evening sky. A better-than-expected fourth quarter GDP report brightened investors' spirits, sending the S&P 500 to within 100 points of the psychologically important 5,000 level.

3 large caps near 52-week lows with large dividends

AT&T

Defining high-yield dividend stocks is an intriguing task. Some loosely define high-yield stocks as those with dividend yields exceeding key benchmarks like the S&P 500 (1.5%) or a 10-year U.S. Treasury note (4.1%).

3 High-Yield Dividend Stocks to Buy for Massive Passive Income

OKLAHOMA CITY, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced that Jeremy Humphers, Senior Vice President and Chief Accounting Officer, is retiring from the company. Mr. Humphers will step down from his current role effective March 8, 2024. John Sherrer will succeed Mr. Humphers as Vice President, Accounting & Controller and will be designated as the company's principal accounting officer.

Devon Energy Announces Chief Accounting Officer Retirement and Officer Appointment

Diamondback Energy

In this head-to-head, I will analyze which of these independent oil producers - Diamondback Energy or Devon Energy Corporation - is competing the hardest for our investment dollars. Each company will be evaluated on Dividends, Debt, Dollars, and Dirt (yes, DIRT!). The winner will be considered the better overall investment.

Devon Energy Vs. Diamondback Energy: A Battle Of The Permian

Whirlpool's high yield and portfolio restructuring make the stock worth buying, even if it has near-term risk. Devon Energy's yield and oil-price trends make it attractive for income-seeking investors and energy bulls.

These 3 Great Value Stocks Are Set to Soar in 2024 and Beyond

In the most recent trading session, Devon Energy (DVN) closed at $41.09, indicating a -1.42% shift from the previous trading day.

Here's Why Devon Energy (DVN) Fell More Than Broader Market

OKLAHOMA CITY, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report fourth-quarter and full-year 2023 results on Tuesday, Feb. 27, after the close of U.S. financial markets. The earnings release and presentation for the fourth-quarter and full-year 2023 results will be available on the company's website at www.devonenergy.com.

Devon Energy Schedules Fourth-Quarter and Full-Year 2023 Earnings Release and Conference Call

Home Depot

NIKE

Sometimes, downgrades or downward revisions to price targets are a natural and healthy part of market mechanics. In that scenario, a trimmed target may impact the price action today but set up a buying opportunity for tomorrow, which is the case with Home Depot NYSE: HD, Nike Inc. NYSE: NKE and Devon Energy Corp. NYSE: DVN.

3 downgraded names you can buy into

Devon Energy's ample free cash flow supports its high-yielding dividend. Diamondback Energy is a great way to gain sector exposure in your portfolio.

Dividend Investors Won't Want to Overlook These 3 Dirt-Cheap Stocks in 2024

HF Sinclair Corp

Enbridge

Independent refiner HF Sinclair has generated great returns for decades, but its stock trades for a big discount.  Enbridge has a knack for enriching its investors.

3 Stocks in This $2 Trillion Industry Can Help Make You Rich

Devon Energy's total dividend payments fell last year as its free cash flow declined. The oil company sees a path to produce more free cash in 2024.

Will Devon Energy Have Enough Fuel to Increase Its Dividend in 2024?

British American Tobacco

Medifast

Nu Skin Enterprises

Plains All American Pipeline

Investors love dividend stocks because they provide dependable income and give investors a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the actual investment or portfolio return consists of income and stock appreciation.

5 High-Yield Dividend Stocks With Double Digit Upside, According to Wall Street

The latest trading day saw Devon Energy (DVN) settling at $43.59, representing a -0.8% change from its previous close.

Why Devon Energy (DVN) Dipped More Than Broader Market Today

Oil prices slumped last year. Those lower prices combined with higher capital costs to weigh on the company's free cash flow.

News for Devon Energy Stock (DVN)