DEVON ENERGY CORP/DE
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 9,387 | 37.7 |
| Stockholders' equity | 15,528 | 62.3 |
| Total capitalization | 24,915 | 100.0 |
1,100,000,000 shares outstanding at 22 July 2026 (cover page of the 10-Q filed 5 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 8,389 |
| Long-term debt, noncurrent | 7,391 |
| Current maturities | 998 |
| Short-term borrowings / commercial paper | 998 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 1,000,000,000 |
| Common shares issued | 622,000,000 |
| Par or stated value per share ($) | 0.1 |
| Outstanding at 7/22/26 | 1,100,000,000 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as DEVON ENERGY CORP (to 31 May 2000); DEVON DELAWARE CORP (to 16 August 1999).
BUSINESS: Classified by the SEC under Standard Industrial Classification 1311, Crude Petroleum & Natural Gas. Large accelerated filer. Principal executive office: Three Memorial City Plaza, 840 Gessner Road, Suite 1400, Houston, TX 77024. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 16,786 | 15,919 | 15,140 |
| Depreciation and amortization | 3,595 | 3,255 | 2,554 |
| Interest expense | 497 | 401 | 369 |
| Income before income taxes | 3,466 | 3,712 | 4,623 |
| Income taxes | 785 | 770 | 841 |
| Net income | 2,642 | 2,893 | 3,739 |
| Earned per share, diluted ($) | 4.17 | 4.56 | 5.84 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,384 | 811 |
| Receivables, net | 1,792 | 1,972 |
| Inventories | 336 | 294 |
| Total current assets | 4,006 | 3,427 |
| Property, plant and equipment, net | 25,419 | 25,011 |
| Goodwill | 753 | 753 |
| Total assets | 31,599 | 30,489 |
| Total current liabilities | 4,086 | 3,309 |
| Long-term debt | 7,391 | 8,398 |
| Stockholders' equity | 15,528 | 14,496 |
| Total liabilities and equity | 31,599 | 30,489 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 17,188 | – | 2,642 | 15.4 | 4.17 | – | 6,711 | 3,592 | 3,119 | 31,599 | 16,071d | 9,387 | 15,528 | 17.0 | 0.60 |
| 12/31/24 | 15,940 | – | 2,893 | 18.1 | 4.56 | – | 6,600 | 3,645 | 2,955 | 30,489 | 15,785d | 9,368 | 14,496 | 20.0 | 0.65 |
| 12/31/23 | 15,258 | – | 3,739 | 24.5 | 5.84 | – | 6,544 | 3,883 | 2,661 | 24,490 | 12,273d | 6,638 | 12,061 | 31.0 | 0.55 |
| 12/31/22 | 19,827 | – | 6,031 | 30.4 | 9.12 | – | 8,530 | 2,542 | 5,988 | 23,271 | 11,975d | 6,691 | 11,167 | 54.0 | 0.60 |
| 12/31/21 | 13,750 | – | 2,813 | 20.5 | 4.19 | – | 4,899 | 1,989 | 2,910 | 21,025 | 11,626d | 6,482 | 9,262 | 30.4 | 0.70 |
| 12/31/20 | 4,828 | – | (2,680) | -55.5 | (7.12) | – | 1,464 | 1,153 | 311 | 9,912 | 6,893d | 4,298 | 2,885 | -92.9 | 1.49 |
| 12/31/19 | 6,674 | – | (355) | -5.3 | (0.89) | – | 2,043 | 31 | 2,012 | 13,717 | 7,797d | 4,294 | 5,802 | -6.1 | 0.74 |
| 12/31/18 | 8,896 | – | 3,064 | 34.4 | 6.10 | – | 1,583 | 55 | 1,528 | 19,566 | 10,380d | 4,454 | 9,186 | 33.4 | 0.48 |
| 12/31/17 | 6,501 | – | 898 | 13.8 | 1.70 | – | 2,909 | 44 | 2,865 | 30,241 | 16,137d | 6,864 | 9,254 | 9.7 | 0.74 |
| 12/31/16 | 6,753 | (2,895) | (1,056) | -15.6 | (2.09) | – | 1,500 | 849 | 651 | 28,675 | 15,953d | 10,154 | 8,274 | -12.8 | 1.23 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
DEVON ENERGY CORP/DE
CIK 1090012 · EIN 73-1567067
PRINCIPAL OFFICE:
Three Memorial City Plaza, 840 Gessner Road, Suite 1400, Houston, TX 77024
Tel.: 4055523333
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
1311 · Crude Petroleum & Natural Gas
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 18 February 2026
FORMER NAMES:
DEVON ENERGY CORP; DEVON DELAWARE CORP
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K/A FY2025 (filed 4/21/26) · 10-K FY2025 (filed 2/18/26) · 10-K FY2023 (filed 2/28/24) · 10-K FY2022 (filed 2/15/23) · 10-K FY2021 (filed 2/16/22) · 10-K FY2020 (filed 2/17/21) · 10-K FY2019 (filed 2/19/20) · 10-K FY2018 (filed 2/20/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.