Devon Energy (DVN) Stock Price

Devon Energy Price

NYSE·CLOSED
42.76USD-1.12 (-2.57 %)
Market closed

Over the last 19 years Devon Energy grew revenue by 3.0% annually, reaching 17.19 B USD. Earnings per share have declined at 2.1% per year over the last 19 years. For Devon Energy, the net margin of 15.4% is down versus 23.0% a few years ago. At today's price the dividend yield works out to roughly 2.25%. The payout ratio is around 23% of earnings. The dividend has grown at 4.1% per year over the past 19 years. The consensus 12-month price target for Devon Energy is 51.00 USD, about 19.3% above where the stock trades today. Of 36 analysts, 26 rate the stock a buy — an overall Buy consensus. The stock trades about 35% above its 52-week low.

Devon Energy stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Devon Energy over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Devon Energy stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Devon Energy's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Devon Energy Stock Price History
DateDevon Energy Price
8/5/202642.76 USD
8/4/202643.88 USD
8/3/202644.57 USD
7/31/202645.13 USD
7/30/202644.17 USD
7/29/202644.17 USD
7/27/202643.70 USD
7/23/202645.29 USD
7/22/202644.88 USD
7/21/202644.10 USD
7/20/202643.78 USD
7/17/202643.83 USD
7/16/202643.03 USD
7/15/202642.93 USD
7/14/202643.40 USD
7/13/202643.41 USD
7/10/202642.23 USD
7/9/202642.02 USD
7/8/202642.50 USD
7/7/202642.41 USD
7/6/202640.40 USD
7/2/202640.47 USD
7/1/202640.25 USD
6/30/202641.32 USD
6/29/202642.66 USD
6/26/202642.21 USD
6/25/202642.60 USD
6/24/202642.74 USD
6/23/202643.39 USD
6/22/202642.60 USD
6/18/202641.72 USD
6/17/202642.73 USD
6/16/202642.79 USD
6/15/202644.60 USD
6/12/202645.18 USD
6/11/202646.42 USD
6/10/202647.13 USD
6/9/202644.07 USD
6/8/202645.08 USD
6/5/202645.06 USD
6/4/202646.10 USD
6/3/202646.67 USD
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6/1/202646.99 USD
5/29/202643.87 USD
5/28/202644.35 USD
5/27/202644.49 USD
5/26/202646.53 USD
5/22/202647.42 USD
5/21/202647.71 USD
5/20/202649.29 USD
5/19/202649.69 USD
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5/15/202649.49 USD
5/14/202647.24 USD
5/13/202646.90 USD
5/12/202646.77 USD
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5/5/202650.99 USD
5/4/202651.26 USD
5/1/202650.56 USD
4/30/202651.37 USD
4/29/202651.08 USD
4/28/202649.48 USD
4/27/202648.20 USD
4/24/202647.94 USD
4/23/202648.15 USD
4/22/202647.12 USD
4/21/202645.60 USD
4/20/202644.94 USD
4/17/202644.23 USD
4/16/202645.78 USD
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4/14/202645.25 USD
4/13/202647.27 USD
4/10/202647.79 USD
4/9/202647.88 USD
4/8/202647.91 USD
4/7/202649.95 USD
4/6/202649.65 USD
4/2/202649.49 USD
4/1/202648.59 USD
3/31/202650.32 USD
3/30/202651.52 USD
3/27/202652.07 USD
3/26/202652.07 USD
3/25/202651.35 USD
3/24/202650.41 USD
3/23/202650.27 USD
3/22/202648.49 USD
3/20/202648.66 USD
3/19/202648.66 USD
3/18/202648.79 USD
3/17/202648.16 USD
3/16/202647.42 USD
3/15/202646.65 USD
3/13/202646.25 USD
3/12/202646.25 USD
3/11/202646.19 USD
3/10/202645.36 USD
3/9/202643.70 USD
3/8/202644.82 USD
3/6/202644.48 USD
3/5/202644.48 USD
3/4/202644.52 USD
3/3/202643.49 USD
3/2/202644.00 USD
3/1/202644.95 USD
2/27/202643.53 USD
2/26/202643.53 USD
2/25/202642.66 USD
2/24/202642.62 USD
2/23/202643.28 USD
2/22/202643.67 USD
2/20/202644.39 USD
2/19/202644.39 USD
2/18/202644.66 USD
2/17/202644.44 USD
2/16/202644.04 USD
2/13/202644.66 USD
2/12/202644.66 USD
2/11/202643.96 USD
2/10/202644.96 USD
2/9/202643.48 USD
2/8/202643.48 USD
2/6/202643.81 USD
2/5/202643.81 USD
2/4/202643.17 USD
2/3/202643.39 USD
2/2/202641.11 USD
2/1/202640.14 USD
1/30/202640.21 USD
1/29/202640.21 USD
1/28/202639.94 USD
1/27/202639.83 USD
1/26/202639.45 USD
1/25/202638.63 USD
1/23/202638.64 USD
1/22/202638.64 USD
1/21/202637.98 USD
1/20/202637.75 USD
1/19/202636.29 USD
1/16/202636.20 USD
1/15/202636.20 USD
1/14/202636.32 USD
1/13/202637.92 USD
1/12/202636.84 USD
1/11/202635.72 USD
1/9/202635.76 USD
1/8/202635.76 USD
1/7/202636.09 USD
1/6/202634.47 USD
1/5/202635.89 USD
1/4/202636.55 USD
1/2/202637.87 USD
1/1/202637.87 USD
12/31/202536.63 USD
12/30/202536.63 USD
12/29/202536.82 USD
12/28/202536.18 USD
12/26/202535.67 USD
12/25/202535.67 USD
12/24/202536.20 USD
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12/22/202536.34 USD
12/21/202536.43 USD
12/19/202535.84 USD
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11/26/202536.40 USD
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11/10/202535.16 USD
11/9/202533.92 USD
11/7/202533.70 USD
11/6/202533.70 USD
11/5/202532.43 USD
11/4/202532.34 USD
11/3/202532.55 USD
11/2/202532.82 USD
10/31/202532.49 USD
10/30/202532.49 USD
10/29/202532.01 USD
10/28/202532.05 USD
10/27/202532.01 USD
10/26/202532.93 USD
10/23/202532.97 USD
10/22/202533.44 USD
10/21/202532.41 USD
10/20/202532.06 USD
10/19/202531.93 USD
10/16/202531.74 USD
10/15/202532.03 USD
10/14/202532.61 USD
10/13/202532.71 USD
10/12/202533.21 USD
10/9/202532.50 USD
10/8/202534.35 USD
10/7/202534.97 USD
10/6/202534.99 USD
10/5/202534.91 USD
10/2/202534.56 USD
10/1/202534.32 USD
9/30/202535.32 USD
9/29/202535.06 USD
9/28/202535.52 USD
9/25/202536.99 USD
9/24/202535.76 USD
9/23/202535.21 USD
9/22/202534.48 USD
9/21/202533.72 USD
9/18/202533.96 USD
9/17/202535.01 USD
9/16/202535.41 USD
9/15/202534.97 USD
9/14/202533.77 USD
9/11/202534.77 USD
9/10/202535.29 USD
9/9/202535.52 USD
9/8/202534.31 USD
9/7/202534.51 USD
9/4/202534.76 USD
9/3/202535.58 USD
9/2/202535.08 USD
9/1/202536.42 USD
8/28/202536.10 USD
8/27/202535.88 USD
8/26/202535.56 USD
8/25/202535.23 USD
8/24/202535.77 USD
8/21/202535.16 USD
8/20/202533.89 USD
8/19/202533.78 USD
8/18/202533.58 USD
8/17/202533.55 USD
8/14/202533.69 USD
8/13/202533.85 USD
8/12/202533.62 USD
8/11/202533.32 USD
8/10/202532.87 USD
8/7/202533.28 USD
8/6/202532.39 USD
Access this data via the Eulerpool API

Devon Energy Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
15.26 B USD
4.94 B USD
3.75 B USD
Jan 1, 2024
15.94 B USD
4.18 B USD
2.89 B USD
Jan 1, 2025
17.19 B USD
3.86 B USD
2.64 B USD
Jan 1, 2026 (e)
22.91 B USD
6.92 B USD
3.10 B USD
Jan 1, 2027 (e)
26.27 B USD
7.93 B USD
3.33 B USD
Jan 1, 2028 (e)
27.04 B USD
8.16 B USD
3.77 B USD
Jan 1, 2029 (e)
27.21 B USD
8.22 B USD
3.85 B USD
Jan 1, 2030 (e)
27.09 B USD
8.18 B USD
3.11 B USD

Devon Energy Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 6, 2026, 1:59 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
13.1510.306.508.906.224.8312.2119.1715.2615.9417.1922.9126.2727.0427.2127.09
-32.82-21.61-36.9136.84-30.08-22.38152.8257.05-20.404.477.8333.2714.692.910.65-0.46
1.708.4617.5824.6611.488.1230.1443.6635.1729.5525.5525.5525.5525.5525.5525.55
0.220.871.142.190.710.393.688.375.374.714.395.856.716.916.956.92
-20.73-2.900.551.770.16-0.593.257.924.944.183.866.927.938.168.228.18
-157.68-28.108.4119.942.57-12.2226.5941.3232.3726.2422.4330.2030.2030.2030.2030.20
-12.90-1.060.903.06-0.36-2.682.816.023.752.892.643.103.333.773.853.11
-902.49-91.81-185.04241.20-111.59654.93-204.96113.83-37.71-22.84-8.6117.227.6512.932.20-19.23
0.960.420.240.300.350.684.811.010.960.961.151.38
2.13-56.25-42.8625.0016.6794.29-4.9519.7920.00
413.00527.00528.00462.00385.00383.00673.00655.00638.00623.00622.00622.00622.00622.00622.00622.00
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Devon Energy generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Devon Energy retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Devon Energy's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Devon Energy has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Devon Energy's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Devon Energy stock margins

The Devon Energy margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Devon Energy. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Devon Energy.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
30.14 %
26.59 %
23.05 %
Jan 1, 2022
43.66 %
41.32 %
31.38 %
Jan 1, 2023
35.17 %
32.37 %
24.56 %
Jan 1, 2024
29.55 %
26.24 %
18.14 %
Jan 1, 2025
25.55 %
22.43 %
15.37 %
Jan 1, 2026 (e)
25.55 %
30.20 %
13.52 %
Jan 1, 2027 (e)
25.55 %
30.20 %
12.69 %
Jan 1, 2028 (e)
25.55 %
30.20 %
13.93 %

Devon Energy Stock Revenue, EBIT, Earnings per Share

The Devon Energy earnings per share therefore indicates how much revenue Devon Energy has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
18.14 USD
4.82 USD
4.18 USD
Jan 1, 2022
29.27 USD
12.09 USD
9.18 USD
Jan 1, 2023
23.92 USD
7.74 USD
5.87 USD
Jan 1, 2024
25.59 USD
6.71 USD
4.64 USD
Jan 1, 2025
27.63 USD
6.20 USD
4.25 USD
Jan 1, 2026 (e)
36.19 USD
11.12 USD
4.89 USD
Jan 1, 2027 (e)
41.50 USD
12.75 USD
5.27 USD
Jan 1, 2028 (e)
42.71 USD
13.13 USD
5.95 USD

Devon Energy business model & stock analysis

Devon Energy Corp is an American company based in Oklahoma City, Oklahoma. It was founded in 1971 by J. Larry Nichols and John Nichols. The original business idea was the exploration and production of oil and gas. In later years, Devon Energy's business model expanded to include the entire range of the oil and gas industry. The company produces and markets oil, natural gas, NGL (Natural Gas Liquids), and electric power. In recent years, the company has specialized in the exploration and production of shale gas and shale oil, which now makes up a majority of the company. Devon Energy Corp is divided into various divisions, including exploration and production in the USA and Canada, processing and marketing of NGLs, and electricity production. The company is able to offer everything from exploration and development of new resources to processing and marketing in the USA and Canada. The main products of Devon Energy Corp are oil, natural gas, and NGLs. The company is one of the largest producers of natural gas in the USA and one of the top 20 companies in oil production in North America. It has reserves of more than 3 billion barrels of oil equivalent (BOE). The company places a strong emphasis on sustainability and environmental consciousness. For example, in the production of shale gas and shale oil, state-of-the-art technologies are used to minimize the impact on the environment. In recent years, Devon Energy Corp has responded to changes in the energy market and begun investing in renewable energy. For example, the company acquired a solar power plant in California and is currently planning new wind projects. Devon Energy Corp has a rich history. In 1997, it acquired Mitchell Energy, a company specializing in oil and gas exploration and production, thus becoming a leader in shale gas production. The sale of assets and business areas in recent years has allowed the company to focus on its core competencies and emerge stronger from the crisis. Overall, Devon Energy Corp is a modern, innovative company that offers its customers a wide range of products and services. Its commitment to sustainability and investment in renewable energy demonstrate that the company is willing to face current challenges and establish itself in the long term.

Devon Energy SWOT Analysis

Strengths

Devon Energy Corp maintains a solid financial position, characterized by strong cash flow and healthy balance sheets. This allows the company to fund its operations and investments, reducing dependency on external sources of financing.

With a wide range of high-quality assets in various geographic locations, Devon Energy Corp enjoys a diversified portfolio. This provides the company with flexibility in exploration, development, and production activities, mitigating risks associated with specific areas or projects.

Devon Energy Corp possesses advanced technological capabilities, enabling efficient and cost-effective exploration and production operations. By leveraging innovative technologies, the company is able to optimize production, reduce costs, and improve operational efficiency.

Weaknesses

Devon Energy Corp is highly exposed to fluctuations in oil and gas prices, which can significantly impact its profitability. Any decline in prices can lead to reduced revenues and potential financial constraints for the company.

The energy industry is subject to volatile market conditions influenced by geopolitical factors, economic trends, and environmental regulations. These uncertainties pose challenges to Devon Energy Corp's strategic planning and long-term decision-making.

Opportunities

Devon Energy Corp has the opportunity to invest in renewable energy sources such as wind, solar, or geothermal. Diversifying their energy portfolio could provide long-term growth potential, contribute to environmental sustainability, and align with the increasing global focus on renewable energy.

Devon Energy Corp can explore opportunities to expand its operations and establish a stronger foothold in international markets. This would allow the company to access new resources, diversify its revenue streams, and mitigate risks associated with a single market.

Threats

Devon Energy Corp faces intense competition from other major energy companies operating in the same markets. This competition can lead to price wars, reduced market share, and limitations on the company's growth potential.

Increasing environmental regulations pose a threat to Devon Energy Corp's operations. Stricter regulations regarding emissions, drilling practices, and environmental impact could result in increased compliance costs and operational restrictions.

Devon Energy Employees

  • 3 Years

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  • Max

Devon Energy Employees
Details
Date
Devon Energy Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Devon Energy Segments

Devon Energy Revenue by Segment (1/5)

  • 3 Years

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  • 25 Years

  • Max

Details
Date
Oil
Gas
NGL
Jan 1, 2014
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2017
0.00 USD
0.00 USD
0.00 USD

Devon Energy Revenue by Segment (2/5)

  • 3 Years

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  • Max

Details
Date
Oil, Gas and NGL Sales
Marketing and Midstream Revenues
Jan 1, 2014
0.00 USD
0.00 USD
Jan 1, 2017
0.00 USD
0.00 USD

Devon Energy Revenue by Segment (3/5)

  • 3 Years

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  • Max

United States Business Segment
Canada Business Segment
Details
Date
United States Business Segment
Canada Business Segment
Jan 1, 2014
0.00 USD
0.00 USD
Jan 1, 2017
7.33 B USD
1.55 B USD

Devon Energy Revenue by Segment (4/5)

  • 3 Years

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  • Max

General Partner and EnLink
C [A]
Enlink
Details
Date
General Partner and EnLink
C [A]
Enlink
Jan 1, 2014
0.00 USD
2.06 B USD
859.00 M USD
Jan 1, 2017
5.07 B USD
0.00 USD
0.00 USD

Devon Energy Revenue by Segment (5/5)

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  • Max

U [S]
Details
Date
U [S]
Jan 1, 2014
14.86 B USD
Jan 1, 2017
0.00 USD

Devon Energy Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Devon Energy historical P/E ratio, EBIT multiple, and P/S ratio

Devon Energy annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Devon Energy shares outstanding

The number of shares of Devon Energy was 622 M in 2025. This indicates how many shares Devon Energy is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
673.00 M Stocks
Jan 1, 2022
655.00 M Stocks
Jan 1, 2023
638.00 M Stocks
Jan 1, 2024
623.00 M Stocks
Jan 1, 2025
622.00 M Stocks
Jan 1, 2026 (e)
622.00 M Stocks
Jan 1, 2027 (e)
622.00 M Stocks
Jan 1, 2028 (e)
622.00 M Stocks

Devon Energy stock splits

In Devon Energy's history, there have been no stock splits.

Devon Energy Dividend History

34 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.24USDYTD
Mar 13, 20260.24USD 0.0%1/1
20250.96USD 5.0%
Mar 14, 20250.24USD 9.1%1/4
Jun 13, 20250.24USD 0.0%2/4
Sep 15, 20250.24USD 0.0%3/4
Dec 15, 20250.24USD 0.0%4/4
20241.01USD 51.2%
20232.07USD 57.0%
20224.81USD 157.2%
20211.87USD 175.0%
20200.68USD 94.3%
20190.35USD 16.7%
20180.30USD 25.0%
20170.24USD 42.9%

Devon Energy dividend history and estimates

In 2025, Devon Energy paid a dividend amounting to 0.96 USD. Dividend means that Devon Energy distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021 (e)
1.87 USD
0.00 USD
1.53 USD
Jan 1, 2022
4.81 USD
0.00 USD
2.54 USD
Jan 1, 2023 (e)
2.07 USD
0.00 USD
2.07 USD
Jan 1, 2024
1.01 USD
0.00 USD
0.35 USD
Jan 1, 2025
0.96 USD
0.00 USD
0.00 USD
Jan 1, 2026 (e)
0.24 USD
0.72 USD
0.00 USD
Jan 1, 2027 (e)
0.00 USD
1.15 USD
0.00 USD
Jan 1, 2028 (e)
0.00 USD
1.38 USD
0.00 USD

Devon Energy dividend payout ratio

In 2025, Devon Energy had a payout ratio of 22.60%. The payout ratio indicates the percentage of the company's profits that Devon Energy distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
44.74 %
Jan 1, 2022
52.38 %
Jan 1, 2023
35.25 %
Jan 1, 2024
21.77 %
Jan 1, 2025
22.60 %
Jan 1, 2026 (e)
19.62 %
Jan 1, 2027 (e)
21.87 %
Jan 1, 2028 (e)
23.24 %

Current Devon Energy forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
11.11 %
Buy
72.22 % (26)
Hold
27.78 % (10)
Sell
0.00 % (0)
12M Price Target
51.00
Last Price
42.76
Currency
USD
12M Return Potential
19.27 %
LTM Return
0 %

Devon Energy Analyst Rating Actions

DateFirmActionRatingReliability
7/21/2026
Susquehanna
Susquehanna
MaintainedPositive
7/16/2026
Raymond James
Raymond James
MaintainedStrong Buy74
7/15/2026
UBS
UBS
MaintainedBuy51
7/9/2026
Truist Securities
Truist Securities
MaintainedBuy
7/8/2026
JP Morgan
JP Morgan
MaintainedOverweight80
6/29/2026
Morgan Stanley
Morgan Stanley
MaintainedOverweight60
6/15/2026
Raymond James
Raymond James
MaintainedStrong Buy74
6/10/2026
UBS
UBS
MaintainedBuy51
6/10/2026
Evercore ISI Group
Evercore ISI Group
UpgradeIn LineOutperform62
6/1/2026
Truist Securities
Truist Securities
MaintainedBuy

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Devon Energy Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/4/20261.45USD-6.22 BUSD-2026 Q2
5/5/20261.01USD-3.95 BUSD-2026 Q1
2/17/20260.83USD-3.89 BUSD-2025 Q4
5/6/20241.59USD-3.62 BUSD-2024 Q1
2/12/20241.58USD-3.83 BUSD-2023 Q4
7/31/20232.21USD-5.01 BUSD-2023 Q2
5/1/20232.42USD-5.20 BUSD-2023 Q1
2/13/20232.20USD-5.24 BUSD-2022 Q4
11/1/20222.15USD-5.03 BUSD-2022 Q3
8/1/20222.41USD-4.86 BUSD-2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Devon Energy stock

72/100
71
Environment
98
Social
48
Governance
E

Environment

20
Scope 1 - Direct Emissions4,360,054
Scope 2 - Indirect emissions from purchased energy370,687
Scope 3 - Indirect emissions within the value chain84,000,000
Total CO₂ emissions4,740,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees24
Percentage of women in management
Percentage of Asian employees2.3
Share of Asian management0.88
Percentage of Hispanic/Latino employees14.61
Hispano/Latino Management share10.91
Percentage of Black employees2.35
Black Management Share0.29
Percentage of white employees76.25
White Management Share82.89
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Devon Energy shareholder structure

% Name
12.82421%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
9.55884%
BLACKROCK, INC.
BLACKROCK, INC.
6.38541%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
6.37095%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
6.09229%
STATE STREET CORP
STATE STREET CORP
5.61490%
State Street Investment Management (US)
State Street Investment Management (US)
...

Devon Energy Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.3%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
33.60%
Vornado Realty Trust
Vornado Realty Trust
SEC ↗
27.30%
Devon Energy Corporation
Devon Energy Corporation
SEC ↗
25.80%
ESL Partners, L.P., a Delaware limited partnership
ESL Partners, L.P., a Delaware limited partnership
SEC ↗
13.20%
EnCap Partners GP, LLC
EnCap Partners GP, LLC
SEC ↗
11.75%
Felix Investments Holdings II, LLC
Felix Investments Holdings II, LLC
SEC ↗
11.75%
Felix Energy Investments II, LLC
Felix Energy Investments II, LLC
SEC ↗
11.75%
EnCap Energy Capital Fund X, L.P.
EnCap Energy Capital Fund X, L.P.
SEC ↗
11.05%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
9.10%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
7.90%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗

Devon Energy Executives and Management Board

16 members · avg. age 61 · 38 % women

CG

Mr. Clay Gaspar (53)

President, Chief Executive Officer, Director · since 2021

7.01 M USD

Management

JR

Mr. Jeffrey Ritenour (51)

Chief Financial Officer, Executive Vice President

6.51 M USD
DC

Mr. Dennis Cameron (62)

Executive Vice President, General Counsel

4.74 M USD
TC

Ms. Tana Cashion (53)

Executive Vice President - Human Resources and Administration

3.87 M USD
RZ

Ms. Rosy Zuklic

Vice President - Investor Relations · since 2024

RL

Mr. Robert Lowe (49)

Senior Vice President, Chief Technology Officer

Board of Directors

JB

Mr. John Bethancourt (73)

Independent Chairman of the Board

462,557.00 USD
BB

Ms. Barbara Baumann (70)

Independent Director

390,020.00 USD
KK

Mr. Kelt Kindick (70)

Independent Director

360,023.00 USD
RM

Mr. Robert Mosbacher (73)

Independent Director

360,023.00 USD
VW

Ms. Valerie Williams (69)

Independent Director

355,023.00 USD
KK

Mr. Karl Kurz (63)

Independent Director

347,523.00 USD

Devon Energy Supply Chain

Devon Energy Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
22 companies
#NameTrend
1
EnLink Midstream
Supplier·Oil, Gas & Consumable Fuels·US
0.98
0.52
0.71
0.95
0.94
0.98
2
Northern Oil & Gas
Supplier·Customer·Oil, Gas & Consumable Fuels·US
0.80
0.90
0.55
0.93
0.89
0.95
3
Kimbell Royalty Partners, LP
Supplier·Oil, Gas & Consumable Fuels·US
0.68
0.75
0.81
0.93
0.92
0.95
4
Epsilon Energy Ltd.
Supplier·Oil, Gas & Consumable Fuels·US
0.05
-0.40
0.50
0.80
0.85
0.95
5
Brigham Minerals A
Supplier·Oil, Gas & Consumable Fuels·US
0.92
0.89
0.57
0.88
0.90
0.94
#NameTrend
1
Nine Energy Service, Inc.
Supplier·Energy Equipment & Services·US
0.64
0.60
0
0.74
0.16
0.17

Frequently asked questions about Devon Energy

Devon Energy Corp is primarily present in the United States of America. With its headquarters in Oklahoma City, Oklahoma, the company primarily operates in various regions within the United States. Devon Energy Corp focuses on developing and producing oil and natural gas reserves in key areas such as the Permian Basin, Eagle Ford, Rockies, and Delaware Basin. With a strong presence in these regions, Devon Energy Corp leverages its expertise and strategic assets to maximize production and generate value for its shareholders.

Devon Energy Corp operates as an independent energy company. The company engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs). With a strong focus on North American onshore exploration and production, Devon Energy Corp utilizes advanced drilling technologies to extract hydrocarbons from unconventional reservoirs. By optimizing its asset portfolio and employing efficient operating practices, Devon Energy Corp aims to deliver value to its shareholders while maintaining environmental and social responsibility. With its diversified portfolio, the company strives to create long-term value through disciplined capital investments and operational excellence.

Devon Energy Corp is primarily active in the energy industry.

Devon Energy Corp faces strong competition in the market from several key players. Some of its main competitors include Chesapeake Energy Corporation, ConocoPhillips, and EOG Resources Inc. These companies also operate in the energy sector and have significant market presence. However, Devon Energy Corp differentiates itself through its efficient operations and strategic focus on high-quality assets. With its well-managed portfolio, Devon Energy Corp continues to thrive amidst competition, delivering value to its shareholders and maintaining its position as a leading player in the industry.

Devon Energy Corp is an American independent energy company with a rich history and background. Established in 1971, the company has grown to become one of the largest North American onshore exploration and production companies. Devon Energy Corp focuses on oil and natural gas exploration and production, with operations in various regions including the Permian Basin, Eagle Ford, and the Anadarko Basin. Over the years, the company has strategically expanded its portfolio through acquisitions and divestitures, allowing it to optimize its asset base. Devon Energy Corp is renowned for its commitment to operational excellence and a responsible approach to energy production.

Devon Energy Corp has achieved several significant milestones throughout its history. One notable achievement was the company's successful acquisition of Mitchell Energy & Development Corp in 2002, which allowed Devon Energy Corp to expand its natural gas reserves and foothold in key operational areas. Another major milestone was the company's transition to being primarily an oil producer, which began in 2010. This strategic shift resulted in improved financial performance and increased shareholder value for Devon Energy Corp. Additionally, the company has continued to focus on utilizing advanced technologies and innovations to efficiently and responsibly extract hydrocarbons from its diverse portfolio of assets, further solidifying its position as a leading player in the energy industry.

Devon Energy Corp represents values of integrity, responsibility, and innovation in the oil and gas industry. The company focuses on executing operations reliably and responsibly, while creating long-term value for its stakeholders. Devon Energy is committed to employing advanced technologies and sustainable practices to optimize resource recovery and minimize environmental impact. With a strong corporate philosophy based on safety, collaboration, and continuous improvement, Devon Energy aims to be a trusted energy partner that delivers value through its efficient and profitable operations.

Analysts currently set an average price target of 49.47 USD for the Devon Energy stock (median: 51.00 USD), implying +15.7 % versus the latest price. The consensus is based on 36 analyst ratings.

33 analysts currently rate the Devon Energy stock: 25 recommend buying, 7 holding and 1 selling. For 2026, analysts expect Devon Energy to generate revenue of 22.91 B USD and earnings per share of 4.98 USD.

Converted at the current exchange rate, the Devon Energy share trades at 37.02 EUR (42.76 USD).

The Devon Energy share (DVN) is listed on 10 stock exchanges, including: NYSE (DVN), XETRA (DY6.DE), Frankfurt (DY6.F), München (DY6.MU), Düsseldorf (DY6.DU), London (0I8W.L), London (0I8W.L), SIX (Zürich) (DVN.SW).

Devon Energy Corp is a US energy company that is engaged in the exploration, production, and marketing of oil and gas. The company was founded in 1971 in Oklahoma City and currently employs over 2,000 employees worldwide. The main divisions of Devon Energy Corp are the exploration and production of oil and gas reserves, as well as the marketing and transportation of these resources. The company operates its own production facilities in North America and owns its own oil and gas reserves in the US and Canada. The company is active in the US states of Oklahoma, Texas, Wyoming, Colorado, and Utah. In Canada, Devon Energy Corp operates in the provinces of Alberta and British Columbia. The company's main products are natural gas and crude oil. The company sells its products to refineries and other energy supply companies that use these resources for energy production. To be successful in the long term, Devon Energy Corp relies on sustainable business development that is focused on environmental and social responsibility. The company operates its production with state-of-the-art technology and places great importance on environmental protection and sustainability. Another important area of Devon Energy Corp is the operation of pipelines for the transportation of crude oil and natural gas. The company owns over 6,600 kilometers of pipelines in North America and operates numerous terminals and storage facilities to ensure the transport of resources. The business model of Devon Energy Corp is focused on long-term, sustainable, and profitable development. The company invests in new technologies and leverages the expertise of experienced employees and partners to develop customized solutions for customer needs. In summary, Devon Energy Corp focuses on the exploration and production of oil and gas reserves, the transportation and marketing of these resources, as well as the operation of pipelines and storage facilities. The company places great importance on sustainability and invests in modern technologies to further improve its business processes. With this business strategy, Devon Energy Corp is successful and well-positioned for the future.

The expected revenue of Devon Energy is 22.91 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Devon Energy is 3.10 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Devon Energy is currently 8.59. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Devon Energy stock.

The price-to-sales ratio (P/S) of Devon Energy is currently 1.16. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Devon Energy stock.

The Eulerpool Quality Score for Devon Energy is 3/10.

The ISIN of Devon Energy is US25179M1036. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Devon Energy is 925345. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Devon Energy is DVN. The ticker symbol is used to trade Devon Energy shares on the stock exchange.

Over the past 12 months, Devon Energy paid a dividend of 0.96 USD . This corresponds to a dividend yield of about 2.25 %. For the coming 12 months, Devon Energy is expected to pay a dividend of 1.15 USD.

The current dividend yield of Devon Energy is 2.25 %.

Devon Energy pays a dividend, distributed in the months of , , , .

Devon Energy paid dividends every year for the past 33 years.

For the upcoming 12 months, dividends amounting to 1.15 USD are expected. This corresponds to a dividend yield of 2.69 %.

Devon Energy is assigned to the 'Energy' sector.

To receive the latest dividend of Devon Energy from amounting to 0.24 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Devon Energy distributed 1.01 USD as dividends.

The dividends of Devon Energy are distributed in USD.

All fundamentals and in-depth analysis of Devon Energy

Our stock analysis for Devon Energy stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Devon Energy. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.