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

Ovintiv

“Scale equals relevance” is the prevailing theme in the U.S. oil and gas shale world currently, and Devon Energy gained scale in the Eagle Ford play in South Texas this week with a $1.8 billion acquisition of Validus Energy.

Evolving Oil And Gas Shale Boom Appears Poised For M&A Growth

9.7% estimated forward dividend yield, estimated fair value of $80 per share. Paying out up to 50% of free cash as a variable dividend, total $1.55 per share in 2Q22.

Big Dividend Of Nearly 10% For Devon Energy

Devon Energy's latest move will mean big dividends for investors in the near future.

The Big Reason Devon Energy Stock Jumped Early on Tuesday

Devon Energy's management delivers again with another accretive M&A transaction with strong cash flow yield. The purchase strengthens DVN's position in the Eagle Ford; delivering years worth of drilling inventory.

Devon Energy: Acquisition Of Validus Energy Is Another Great Move

Ford Motor Company

Shale producer Devon Energy said on Tuesday it will buy Validus Energy, an Eagle Ford basin operator, for $1.8 billion in cash.

Devon Energy to buy Eagle Ford basin operator Validus for $1.8 billion

OKLAHOMA CITY, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8 billion. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of 2022, with an effective date of June 1, 2022.

Devon Energy Announces Bolt-On Acquisition in the Eagle Ford

Intel

LyondellBasell Industries

Altria

Medical Properties Trust

Suncor Energy

T. Rowe Price Group

Investors have fewer deep value stocks to pick from after the latest rally. Retail investors had enough of the bear market by late June when the S&P 500 bottomed at below 3700.

7 Deep Value Stocks for Income and High Total Returns

Charles River Laboratories

Diamondback Energy

Fortinet

Generac Holdings

NVIDIA

QUALCOMM

Signature Bank

SVB Financial Group

Keeping a list of S&P 500 growth stocks you'd like to own is a good idea. And it might pay off sooner than you think.

10 Growth Stocks Analysts Say You'll Be Glad You Bought

Chevron

Occidental Petroleum

Energy companies are printing mountains of money. It makes the recent selloff in oil stocks seem like a no-brainer buying opportunity.

3 Oil Stocks to Buy Before the Bull Market Returns

Antero Midstream Partners

British American Tobacco

Holly Energy Partners

New York Community Bancorp

AT&T

In a logical world, one would think that, with the Federal Reserve raising interest rates all year long, the rates across the entire Treasury yield curve would be headed higher.

Yields Are Plunging Lower Daily: 7 Sizzling Blue Chips That Pay 6% or Bigger Dividends

There are some very sound reasons to invest in DVN stock. However, it's important to separate the long-term outlook from some short-term headwinds

Devon Energy Looks Attractive if You Look Past the Headlines

Moderna

Pfizer

Tesla

When a company's return on equity ratio is superior to most of its competitors, it generally indicates the company has been very efficient in generating profits. Thus, investors may want to consider the following stocks, since they are performing better than most of their peer group companies in terms of a higher ROE ratio.

4 Stocks With High Return on Equity

Kinder Morgan

Phillips 66

Earnings results from this group of stocks therefore continue to benefit from the effects of strong pricing.

3 Energy Stocks Riding the Benefits of Strong Pricing

Higher oil prices are giving this company the fuel to pay a monster dividend.

This Ultra-High-Yielding Dividend Stock Just Gave Investors Another Big Raise

Devon Energy Corp (NYSE:DVN ) Q2 2022 Earnings Conference Call August 2, 2022 11:00 AM ET Company Participants Scott Coody - VP, IR Richard Muncrief - President, CEO & Director Clay Gaspar - EVP & COO Jeffrey Ritenour - EVP & CFO Conference Call Participants Jeanine Wai - Barclays Bank Arun Jayaram - JPMorgan Chase & Co. Doug Leggate - Bank of America Merrill Lynch Matthew Portillo - Tudor, Pickering, Holt & Co. Scott Hanold - RBC Capital Markets John Freeman - Raymond James & Associates Kevin MacCurdy - Pickering Energy Partners Neil Mehta - Goldman Sachs Group Neal Dingmann - Truist Securities Operator Welcome to Devon Energy's Second Quarter Earnings Conference Call. [Operator Instructions].

Devon Energy Corp (DVN) CEO Richard Muncrief on Q2 2022 Results - Earnings Call Transcript

Devon Energy's (DVN) second-quarter earnings benefit from strong production and higher commodity prices than the prior-year quarter.

Devon Energy (DVN) Q2 Earnings and Revenues Beat Estimates

Devon Energy produced another record quarter of profits, as higher volumes and prices provided significant tailwinds to results.

Devon Energy Produces A Record Quarter, Dividend Raised By 22%

Devon Energy has continued to opportunistically improve its cash flow and its overall returns. The company made several acreage trades improving its laterals and adding hundreds of new opportunities.

Devon Energy Shows The Value Of Acreage Trading

Devon Energy ( DVN , Financial) produced another stellar financial quarter as it surpassed its second-quarter earnings target by 22 cents per share and beat its revenue estimate by a staggering $880 million.

Devon Energy Beats Earnings, Raises Dividend

Devon Energy (DVN) delivered earnings and revenue surprises of 8.82% and 17.26%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Devon Energy (DVN) Surpasses Q2 Earnings and Revenue Estimates

OKLAHOMA CITY, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today its board of directors declared a fixed-plus-variable dividend of $1.55 per share based on the company's second-quarter financial performance. This record payout represents a 22 percent increase from the previous quarter.

Devon Energy Announces Second-Quarter Dividend for Common Stockholders

APA Corporation

EOG Resources

Halliburton

Marathon Petroleum

MPLX

Marathon Oil

Pioneer Natural Resources

Shell PLC

Schlumberger

SM Energy

Exxon Mobil

Shale oil producers will be reporting quarterly results this week, coming on the heels of energy giants Exxon Mobil, Chevron and Shell all posting record profits.

Shale Oil Stocks Drop Ahead Of Quarterly Earnings

OKLAHOMA CITY, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second quarter of 2022. The company's earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com.

Devon Energy Reports Second-Quarter 2022 Financial and Operational Results

Buffett is keeping his finger on the buy button for the energy giant. Here are some other names in the sector that he should add.

Warren Buffett Loves Occidental Petroleum -- Here Are 3 More Oil Stocks He Should Consider

Matador Resources

Murphy USA

Although soaring gasoline prices represented one of the signature pain points of the year so far, the crippling inflation rate has finally seeped into the hydrocarbon energy sector's demand profile, thus leading to unusual weakness in pricing. Nevertheless, this favorable dynamic for consumers may not last that long — thus inviting a look at oil stocks to buy on the dip.

7 Oil Stocks to Buy on the Dip

News for Devon Energy Stock (DVN)