Devon Energy/$DVN
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Devon Energy
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two-thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko and Bakken basins. After the merger with Coterra, it will have a foothold in the gas-driven Appalachian Basin as well. At the end of 2025, Devon reported net proved reserves of 2.4 billion barrels of oil equivalent, up from 2.2 billion in 2024. Net production averaged roughly 840,000 barrels of oil equivalent per day in 2025 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
- Ticker
- $DVN
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 2,200
- Headquarters
- Houston, United States
- Website
- www.devonenergy.com
Devon Energy Metrics
BasicAdvanced
$49B
9.20
$4.66
0.42
$1.12
2.99%
Price and volume
Market cap
$49B
Beta
0.42
52-week high
$52.71
52-week low
$32.06
Average daily volume
9.4M
Dividend rate
$1.12
Financial strength
Current ratio
0.717
Quick ratio
0.584
Long term debt to equity
0.245
Total debt to equity
0.285
Dividend payout ratio (TTM)
25.03%
Interest coverage (TTM)
9.56%
Profitability
EBITDA (TTM)
8,933
Gross margin (TTM)
50.35%
Net profit margin (TTM)
17.46%
Operating margin (TTM)
25.74%
Effective tax rate (TTM)
21.93%
Revenue per employee (TTM)
$8,540,000
Management effectiveness
Return on assets (TTM)
5.92%
Return on equity (TTM)
11.52%
Valuation
Price to earnings (TTM)
9.2
Price to revenue (TTM)
1.6
Price to book
0.96
Price to tangible book (TTM)
0.98
Price to free cash flow (TTM)
20.351
Free cash flow yield (TTM)
4.91%
Free cash flow per share (TTM)
2.107
Dividend yield (TTM)
2.61%
Forward dividend yield
2.99%
Growth
Revenue change (TTM)
15.33%
Earnings per share change (TTM)
5.08%
3-year revenue growth (CAGR)
5.30%
10-year revenue growth (CAGR)
5.92%
3-year earnings per share growth (CAGR)
-14.02%
10-year earnings per share growth (CAGR)
-16.42%
3-year dividend per share growth (CAGR)
-38.68%
10-year dividend per share growth (CAGR)
2.92%
What the Analysts think about Devon Energy
Analyst ratings (Buy, Hold, Sell) for Devon Energy stock.
Analyst projections of the future price of Devon Energy stock.
Bulls say / Bears say
Devon’s first post-merger quarter showed strong operating delivery: oil output reached the top of guidance, capital spending came in below plan and adjusted free cash flow was $1.7 billion. That gives the enlarged business a solid starting point for its cash-generation story. (SEC)
Management expects at least $1 billion of annual pre-tax merger synergies by the end of 2027, with about $600 million due during 2027. If it delivers, savings from capital optimisation, operating margins and corporate costs could lift cash flow beyond the immediate merger uplift. (SEC)
Devon raised its quarterly dividend by 33% to $0.32 and authorised an $8 billion share-buyback programme. The enlarged capital-return capacity gives investors a direct route to benefit if cash generation holds up. (Devon Energy)
Cash flow remains exposed to oil-price swings: Devon said only about 30% of expected oil production for the rest of 2026 was hedged, leaving much of its output sensitive to market prices. A downturn could therefore weaken cash generation and returns to shareholders. (SEC)
Permian gas bottlenecks have already depressed Devon’s realised gas prices, and management warned that regional price volatility may persist even as new pipelines arrive. Weak local prices can erode returns from associated gas production. (Natural Gas Intelligence, SEC)
The combined company had $11.4 billion of debt at the end of June, while also funding a $2.6 billion Delaware Basin acreage purchase. That debt load could limit flexibility if commodity prices weaken or merger savings arrive later than planned. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2026.
Devon Energy Financial Performance
Revenues and expenses
Devon Energy Earnings Performance
Company profitability
Upcoming events
Devon Energy News
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Funds containing Devon Energy
AllUSDEURGBP
Fund name | Fund size | $DVN weighting |
|---|---|---|
iShares Oil & Gas Exploration & Production$IOGP | $438M | 6.64% |
iShares Oil & Gas Exploration & Production£SPOG | $438M | 6.64% |
iShares Oil & Gas Exploration & Production€IOGP | $438M | 6.64% |
Invesco Energy S&P US Select Sector£XLEP | $146M | 2.70% |
Invesco Energy S&P US Select Sector$XLES | $146M | 2.70% |
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