profit from every $100 of sales.
$0$100
Devon Energy
$46.58+0.76% today
+32.9% in 1 year
1-year low $34.471-year high $52.15
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $20.09 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Devon Energy sold, what it kept, and what it did with the cash.
Sales went from $19.2 billion in 2022 to $17.2 billion in 2025, with $2.64 billion of profit last year.
SalesProfit
Devon Energy handed back 49% of the cash it generated last year.
Buybacks $1.1B$319M
Free cash flow 2025$2.8B
Bought back its own shares$1.1B
Paid as dividends$319M
Cash vs. debt$1.4B vs. $8.6B
Devon Energy vs. similar companies
Devon Energy grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Devon Energy | 20.1× · Fair price | ||
 CNOOC | 12.0× · Cheap | ||
 ConocoPhillips | 21.1× · Fair price | ||
 Canadian Natural Resources | 13.4× · Cheap | ||
 EOG Resources | 16.5× · Fair price |
Compare Devon Energy with Chevron · EOG Resources · Exxon Mobil
AI analysis
An AI analyst reads Devon Energy's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 4,828 | 12,206 | 19,169 | 15,258 | 15,940 | 17,188 | |
| – | – | 8,369 | 5,367 | 4,710 | 4,391 | |
| – | – | 7,920 | 4,939 | 4,182 | 3,856 | |
| -1,531 | 5,444 | 10,368 | 7,546 | 7,368 | 7,558 | |
| -2,680 | 2,813 | 6,015 | 3,747 | 2,891 | 2,642 | |
| -7.12 | 4.19 | 9.12 | 5.84 | 4.56 | 4.17 | |
| – | – | 43.7% | 35.2% | 29.5% | 25.5% | |
| – | – | 41.3% | 32.4% | 26.2% | 22.4% | |
| -55.5% | 23.0% | 31.4% | 24.6% | 18.1% | 15.4% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 9,912 | 21,025 | 23,721 | 24,490 | 30,489 | 31,599 |
| Cash | 2,047 | 2,099 | 1,454 | 875 | 846 | 1,434 |
| Total debt | 4,553 | 6,760 | 6,697 | 6,450 | 9,203 | 8,586 |
| Total liabilities | – | – | 12,425 | 12,273 | 15,785 | 16,071 |
| 2,885 | 9,262 | 11,167 | 12,061 | 14,496 | 15,528 | |
| 377 | 665 | 659 | 642 | 634 | 633 | |
| -30.1% | 16.2% | 36.0% | 21.3% | 13.7% | 13.0% | |
| -92.9% | 30.4% | 53.9% | 31.1% | 19.9% | 17.0% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,464 | 4,899 | 8,530 | 6,544 | 6,600 | 6,711 | |
| – | – | 5,125 | 3,947 | 7,453 | 3,914 | |
| – | – | 3,405 | 2,597 | -853 | 2,797 | |
| Dividends paid | 257 | 1,315 | 3,379 | 1,858 | 937 | 319 |
| 38 | 589 | 718 | 979 | 1,057 | 1,050 | |
| 88 | 99 | 88 | 93 | 99 | 99 |
Valuation
- 20.1×
- 8.7×
- –
- 3.0×
- 3.1×
- 19.0×
- 8.0×
- 5.3%
- 5.0%
- 2.1%
Profitability
- 25.5%
- 22.4%
- 15.4%
- 45.3%
- 8.9%
- 24.3%
- 14.8%
- 7.0%
- 12.0%
- –
Growth
- +28.9%
- –
- +465.7%
- +7.1%
- −1.3%
Financial health
- 0.9×
- 0.55
- 26.4%
- 6.7×
- 0.98
- 0.94
- 0.51
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 42%of 467
Top 31%of 466
Bottom 42%of 387
Top 9%of 461
Top 50%of 460
What analysts expect
- Average price target
- $53.78
- Range
- $42.00 – $66.00
- 7 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | 1.04 | 1.06 | −1.9% |
| Feb 17, 2026 | 0.82 | 0.81 | +1.6% |
| Nov 5, 2025 | 1.04 | 0.93 | +11.8% |
| Aug 5, 2025 | 0.84 | 0.86 | −2.8% |
| May 6, 2025 | 1.21 | 1.24 | −2.4% |
| Feb 18, 2025 | 1.16 | 1.00 | +16.0% |
| Nov 5, 2024 | 1.10 | 1.09 | +0.9% |
| Aug 6, 2024 | 1.41 | 1.26 | +11.9% |
2.1%of the share price, paid each year
On $1,000 invested$21a year at today's yield, before tax
+7.1%2020 to 2025
Raised–not every year
Paid per share, each year
$0.96 in 2015 → $0.96 in 2025
How safe it looks
12.1% of its profit
Room to growStretchedMore than it earns: 11.4%
News
Activist Toms Capital urges Devon Energy in letter to explore alternatives, including a saleCNBC · Sep 23, 2026Devon Energy gains on report activist investor Toms Capital is pushing for saleSeeking Alpha · Sep 23, 2026Goldman’s Energy Dividend Picks: Why Devon and HF Sinclair Still Offer UpsideYahoo Finance · Sep 4, 2026The newest story we have is from Sep 23, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
63Pass
Benjamin Graham
50No pass
Philip Fisher
73Pass
Peter Lynch
91Pass
Joel Greenblatt
36No pass
Charlie Munger
65Pass
Terry Smith
65Pass
Questions about Devon Energy
Is Devon Energy a good stock to buy?
A solid business at a fair price. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Devon Energy AI analysis
What does Devon Energy do?
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It is in Oil & Gas E&P, based in Houston, TX, United States, with 2,200 employees.
Does Devon Energy pay a dividend?
Yes. At today's price the dividend is 2.1% a year, about 12% of its yearly profit. In 2025 it paid out $319 million in dividends.
Is Devon Energy stock halal?
Yes. Devon Energy passes our halal screen: its business is permitted and its debt is 16% of its market value, under the 30% limit. How we check
How has Devon Energy stock done over the past year?
Up 32.9% over the past twelve months, to $46.58. It traded between $34.47 and $52.15 and is 10.7% below its high.
Who are Devon Energy's competitors?
The largest listed companies in the same industry are CNOOC, ConocoPhillips, Canadian Natural Resources and EOG Resources. The peers table on this page compares their profit, growth and price with Devon Energy's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.