Energy · Oil & Gas Exploration & Production
Devon Energy: revenue, profit and dividends
In fiscal 2025, Devon Energy had revenue of $17.2B, up 2.7% a year on average since 2015, and net income of $2.64B (15.4% of revenue). It paid a dividend of $0.96 a share. It has 56% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +7.8% vs 2024
- Ticker
- DVN · NYSE
- Sector
- Energy
- Sub-industry
- Oil & Gas Exploration & Production
- Headquarters
- Oklahoma City, Oklahoma
- Founded
- 1971
- In the S&P 500 since
- August 30, 2000
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Devon Energy Corp/De · CIK 0001090012
Revenue and net income
Revenue went from $9.97B in 2007 to $17.2B in 2025. Net loss in 2008–2009, 2012–2013, 2015–2016, 2019–2020.
Diluted earnings per share
Diluted EPS went from $8.00 in 2007 to $4.17 in 2025.
Dividends per share
Not raised in 2025. Ten-year growth: 0.0% a year.
Shares outstanding
55.5% more shares in 2025 than in 2015 (407M → 633M): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $3.12B in 2025, 18.1% of revenue. Negative in 2009–2014, 2018.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $17.2B | $2.64B | 15.4% | $4.17 | $0.96* | 633M | $6.71B | $3.59B | $3.12B |
| 2024 | $15.9B | $2.89B | 18.1% | $4.56 | $1.45* | 634M | $6.6B | $3.65B | $2.96B |
| 2023 | $15.3B | $3.74B | 24.5% | $5.84 | $2.87* | 642M | $6.54B | $3.88B | $2.66B |
| 2022 | $19.2B | $6.03B | 31.5% | $9.12 | $5.17* | 653M | $8.53B | $2.54B | $5.99B |
| 2021 | $12.2B | $2.81B | 23.0% | $4.19 | $1.97* | 665M | $4.9B | $1.99B | $2.91B |
| 2020 | $4.83B | −$2.68B | −55.5% | −$7.12 | $0.68* | 377M | $1.46B | $1.15B | $311M |
| 2019 | $6.22B | −$355M | −5.7% | −$0.89 | $0.35* | 401M | $2.04B | $1.91B | $133M |
| 2018 | $8.9B | $3.06B | 34.4% | $6.10 | $0.30* | 497M | $1.58B | $2.12B | −$533M |
| 2017 | $6.5B | $898M | 13.8% | $1.70 | $0.24* | 520M | $2.91B | $1.61B | $1.29B |
| 2016 | $6.75B | −$1.06B | −15.6% | −$2.09 | $0.42* | 507M | $1.5B | $1.38B | $116M |
| 2015 | $13.1B | −$12.9B | −98.1% | −$31.72 | $0.96* | 407M | $4.9B | $4.79B | $111M |
| 2014 | $20.6B | $1.61B | 7.8% | $3.91 | $0.94* | 407M | $5.98B | $6.99B | −$1.01B |
| 2013 | $10.4B | −$20M | −0.2% | −$0.06 | — | 402M | $5.44B | $6.5B | −$1.07B |
| 2012 | $9.5B | −$206M | −2.2% | −$0.52 | — | 400M | $4.96B | $8.22B | −$3.27B |
| 2011 | $11.4B | $4.7B | 41.1% | $11.25 | $0.67 | 414M | $6.22B | $7.53B | −$1.31B |
| 2010 | $9.94B | $4.55B | 45.8% | $10.31 | $0.16 | — | $5.48B | $6.48B | −$998M |
| 2009 | $8.02B | −$2.48B | −30.9% | −$5.58 | $0.64 | — | $4.74B | $4.88B | −$142M |
| 2008 | $13.9B | −$2.15B | −15.5% | −$4.85 | $0.64 | — | — | — | — |
| 2007 | $9.97B | $3.61B | 36.2% | $8.00 | — | — | — | — | — |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data. * added up from quarterly reports.
About these figures
- Dividends per share for 2014–2025 are added up from the quarterly reports.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Oil & Gas Exploration & Production companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.