Stock research

Devon Energy Corporation (DVN) Stock Research

Devon Energy explores for and produces oil and natural gas from US onshore basins.

For the fiscal year ended December 31, 2025, Devon Energy Corporation reported revenue of $17.2B and net income of $2.6B, with operating cash flow of $6.7B. Source: SEC filing 0001193125-26-056485

SEC data as of

Revenue
$17.2B
FY ending 2025-12-31
Net income
$2.6B
FY ending 2025-12-31
Diluted EPS
$4.17
Net margin
15.4%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Devon Energy

Exchange
NYSE: DVN
Sector
Energy
SEC industry
Crude Petroleum & Natural Gas (SIC 1311)
Fiscal year end
December 31

DVN key financials

Reported figures from Devon Energy Corporation's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$17.2B2025-01-01 – 2025-12-31SEC filing
Net income$2.6B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$6.7B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$4.172025-01-01 – 2025-12-31SEC filing
Net margin15.4%2025-01-01 – 2025-12-31SEC filing
Shares outstanding620MAs of 2026-02-04SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in DVN

Devon Energy Corporation sits in Energy. Oil and gas producers, refiners, and services — cash-flow machines when commodity prices are high, and a hedge against inflation and conflict. We have not yet written company-specific drivers for DVN; the forces that matter most for the sector are:

  • ◆Crude and natural-gas prices
  • ◆OPEC+ supply decisions
  • ◆Geopolitics and supply disruptions
  • ◆Capital discipline and shareholder returns

Key questions for the DVN thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does DVN's reported profit turn into cash?

Operating cash flow was $6.7B, 2.54 times net income of $2.6B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

SEC filing 0001193125-26-056485

How much of DVN's revenue is left as profit?

Net income was 15.4% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

SEC filing 0001193125-26-056485

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What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

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Congressional trading in DVN

PoliticianTrade dateTypeOwnerAmountSource
Kevin Hern2026-09-14SaleJoint$15,001 - $50,000Filing #20035491
Kevin Hern2026-09-04SaleJoint$100,001 - $250,000Filing #20035491
Kevin Hern2026-08-31SaleJoint$100,001 - $250,000Filing #20035491
Kevin Hern2026-08-31SaleSelf$15,001 - $50,000Filing #20035491
Kevin Hern2026-05-08ExchangeSelf$15,001 - $50,000Filing #20034695
Kevin Hern2026-05-08ExchangeJoint$15,001 - $50,000Filing #20034695
John Boozman2026-04-09PurchaseJoint$1,001 - $15,000Filing #f148dc2e-d440-4759-be4d-f000c1cd6e89
Alan Armstrong2026-03-24SaleSelf$50,001 - $100,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Julia Letlow2025-12-08PurchaseSelf$1,001 - $15,000Filing #20030977
Jefferson Shreve2025-05-12SaleSelf$15,001 - $50,000Filing #20030387

All verified DVN congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

DVN — frequently asked questions

What does Devon Energy Corporation do?

Devon Energy explores for and produces oil and natural gas from US onshore basins.

What were DVN's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Devon Energy Corporation reported revenue of $17.2B and net income of $2.6B, with operating cash flow of $6.7B. The figures come from Devon Energy Corporation's SEC XBRL filings.

When does Devon Energy Corporation's fiscal year end?

The SEC lists Devon Energy Corporation's fiscal year end as December 31.

Do members of Congress trade DVN?

The current verified House and Senate snapshot contains 19 transaction rows for DVN, each linked to the original filing.

Is DVN a good investment?

This page does not rate DVN as a buy or sell. It sets out what Devon Energy Corporation reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the DVN numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included