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Companies / Energy / Devon Energy
DVN

Devon Energy

EnergyOil & Gas ExtractionS&P 500
Ticker DVNHOUSTON, TXFiscal year ends DecemberBook value per share $53.52Diluted shares 780.0M

Devon Energy Corporation (NYSE: DVN) is an independent energy company focused primarily on exploring for, developing and producing oil, natural gas and natural gas liquids in onshore areas of the United States. Its operations span the Delaware Basin, Rockies, Eagle Ford and Anadarko Basin, with customers purchasing… From the company’s description.

In fiscal 2025, Devon Energy reported revenue of $17.19B, up 7.8% from fiscal 2024, and net income of $2.68B. Its operating margin was 21.0%, and operations generated $6.71B in cash. Over the twelve months to Jun 30, 2026, revenue was $19.68B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$17.19BFY2025
+7.8% year over year
Last 12 mo $19.68B
20.96%FY2025
−5.3 percentage points
Last 12 mo 22.43%
$2.68BFY2025
−8.9% year over year
Last 12 mo $3.29B
18.28%FY2025
−1.7 percentage points
Last 12 mo 7.86%
Cash & financing
$6.71BFY2025
+1.7% year over year
Last 12 mo $8.55B
$2.80BFY2025
+427.9% year over year
Last 12 mo $1.48B
0.54FY2025
Was 0.61× a year earlier
Last 12 mo 0.27
633.0MFY2025
−0.2% year over year
Last 12 mo 780.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Devon Energy does

In the company’s own words

Devon Energy Corporation (NYSE: DVN) is an independent energy company focused primarily on exploring for, developing and producing oil, natural gas and natural gas liquids in onshore areas of the United States. Its operations span the Delaware Basin, Rockies, Eagle Ford and Anadarko Basin, with customers purchasing production under short- and long-term sales agreements. Devon manages its business as one reportable segment, oil and gas operations. In 2025, it produced 307 million barrels of oil equivalent and had approximately 2,200 employees, all in the United States. Its asset portfolio includes the Williston Basin, expanded through the 2024 acquisition of Grayson Mill’s Williston Basin business. Founded in 1971, Devon has been publicly held since 1988. Its website is www.devonenergy.com.

Company details
Sector
Energy
Industry (SIC)
Oil & Gas Extraction
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1090012
SIC
1311

Financial performance, year by year

Fiscal 2013–2025 · USD
$-16.98B$-6.98B$3.02B$13.01B$23.01B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Devon Energy — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

902
funds hold it
1 of 35
superinvestors hold it
$18.39B
held by funds, at market
38.5%
of shares held by funds
20
bond issues held by funds

Superinvestors in Devon Energy · what they did last quarter

Tweedy BrowneINCREASED +33.3%
Tweedy, Browne
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Devon Energy’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.07%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.07%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
1.29%of fund net assets
0.84%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.46%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Devon Energy’s bonds, as funds hold them

Funds report holding 20 issues of Devon Energy’s debt, $1.73B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.38%, maturing 2027 to 2055.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Devon Energy and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Devon Energy's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Devon Energy's last four quarterly filings that the numbers alone won't show?”
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