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

Devon Energy investors have underperformed the market as investors chased the AI gold mine. The energy sector's underperformance has affected Devon Energy's buying sentiments. Devon has continued to execute well. Management is focused on share repurchases for its capital return strategies.

Devon Energy: The Turnaround Is Likely Getting Closer

DVN's hedging in FQ1'24 has not turned out as expected, triggering impacted top/ bottom lines. Combined with the management's intensified focus on balance sheet deleveraging and share count retirement, it is unsurprising that recent dividend payouts have underwhelmed. This is on top of its "price discipline as an acquirer," resulting in DVN missing out on multiple M&A activities observed in the oil/ gas sector thus far.

Devon's Undervaluation Remains A Boon As Management Executes Brilliantly - Reiterate Buy

Chevron

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As we head into the summer driving season, crude oil prices have retreated from their April highs. As a result, the energy sector has been one of the worst-performing sectors over the past month.

The 3 Best Energy Stocks to Buy in June 2024

American Express

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Dividend income, particularly when it is reinvested, can really add up over time. Many of the world's best investors are focused on dividend payouts and use them to build their portfolio.

The Dividend Duchesses: 3 Stocks That Will Grace Your Portfolio with Royal Returns

In the latest trading session, Devon Energy (DVN) closed at $46.85, marking a -0.93% move from the previous day.

Devon Energy (DVN) Stock Sinks As Market Gains: Here's Why

U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations.

Focus: How Devon Energy missed out on the US oil and gas mega-deal wave

OKLAHOMA CITY, June 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that the company's board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon's board in 2014 following his retirement from Chevron's executive team. He currently chairs the board's reserves committee while also serving on the board's compensation committee.

Devon Energy Appoints John Bethancourt as Chair of Its Board of Directors

Devon was looking at buying Marathon Oil before ConocoPhillips swooped in. That was the latest strikeout by the company on a potential acquisition.

Devon Energy Strikes Out on Another Acquisition Target. Where Does the Oil Stock Go From Here?

Devon Energy (DVN) reported earnings 30 days ago. What's next for the stock?

Why Is Devon Energy (DVN) Down 5.5% Since Last Earnings Report?

The shares of Devon Energy Corp (NYSE:DVN) are down 1.2% at $48.24 at last check today.

Devon Energy Stock Looks Due for a Rebound

Devon Energy has strong performance, beating production guidance and generating substantial free cash flow. The company has an impressive portfolio of assets, particularly in the Delaware Basin, making it an attractive acquisition target. Devon Energy's 2024 plan focuses on reasonable asset build outs, generating strong returns, and improving infrastructure and processing capabilities.

Devon Energy Can Continue Generating Strong Shareholder Returns

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Devon Energy is improving production and buying back stock to boost long-term cash flow per share. Vitesse Energy is acquiring assets and maintaining a very high dividend.

These 3 High-Yield Dividend Stocks Are Gushing Cash

Devon Energy Corporation has reported productivity gains and is efficiently restraining capital spending, leading to production growth and lower spending. The company is benefiting from higher oil prices and plans to boost production, as it is breakeven at $40/bbl while WTI prices are above $80/bbl. Devon Energy is using its large cash flows to repurchase shares and has reduced its share count while still paying solid dividends.

Devon Energy: Discipline Paying Off

Exxon Mobil

The development of its upstream assets has ExxonMobil optimistic about its future profits. Devon Energy's valuation is compelling, and its capital allocation strategy makes perfect sense.

2 Energy Stocks That Wall Street Fell in Love With This Week

Devon Energy's earnings and dividend fluctuate alongside oil and gas prices. Income investors bullish on long-term energy prices could find the company's fixed-plus-variable dividend payment appealing.

Is Devon Energy Stock a Buy?

Devon Energy has shown resilience and growth potential, backed by solid fundamentals, making it a compelling investment in the energy sector.

Devon Energy Believes It Offers 'Incredible Value' - I Agree

Devon Energy is improving its well productivity and operational performance. Management raised its full-year production target.

1 Wall Street Analyst Thinks Devon Energy Stock Is Going to $57. Is It a Buy?

Enterprise Products Partners

Enterprise Products Partners owns a portfolio of energy infrastructure and has a fee-based business. Chevron is diversified across the entire energy value chain and has a rock-solid balance sheet.

3 Dividend-Paying Energy Stocks to Buy Hand Over Fist in May

A relatively high price of oil is supportive of the company's cash flow prospects in 2024. Devon Energy's drilling in its core assets is proving successful.

Is Devon Energy Stock Going to $57? 1 Wall Street Analyst Thinks So.

Devon Energy's variable dividend continues to go down. The oil company is prioritizing share repurchases this year.

Devon Energy's Decision to De-Emphasize the Dividend Could Pay Off

Devon Energy Corporation (NYSE:DVN ) Q1 2024 Earnings Conference Call May 2, 2024 11:00 AM ET Company Participants Scott Coody - Vice President of Investor Relations Rick Muncrief - President and Chief Executive Officer Clay Gaspar - Executive Vice President and Chief Operating Officer Jeff Ritenour - Executive Vice President and Chief Financial Officer Conference Call Participants Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Nitin Kumar - Mizuho Scott Gruber - Citi Neal Dingmann - Truist Securities Roger Read - Wells Fargo Kevin MacCurdy - Pickering Energy Partners Charles Meade - Johnson Rice Scott Hanold - RBC Matthew Portillo - TPH Operator Welcome to Devon Energy's First Quarter 2024 Conference Call. At this time, all participants are in listen-only mode.

Devon Energy Corporation (DVN) Q1 2024 Earnings Call Transcript

Halliburton

Occidental Petroleum

Is the market likely to see a reset, similar to the ones after the dot-com bubble in 2000 and the 2008 financial crisis? As with everything in economics, opinions are divided.

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Devon Energy's (DVN) first-quarter earnings were better than expected due to strong production volumes. Taking into account the first quarter performance, Devon raised its 2024 production volume.

Devon Energy (DVN) Beats on Q1 Earnings, Raises 2024 View

Devon Energy (DVN) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.46 per share a year ago.

Devon Energy (DVN) Beats Q1 Earnings Estimates

U.S. shale producer Devon Energy beat first-quarter profit estimates on Wednesday as higher production helped it offset a decline in natural gas prices.

News for Devon Energy Stock (DVN)