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Devon Energy Corporation

DVN · NYSE

Symbol: DVN
Type: Stock
Sector: Energy
Industry: Oil & Gas Production
Country: North America
Exchange: NYSE

Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon's disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations.

Key Issues

Bullish view

Devon beat second-quarter earnings estimates by 20.77% and revenue estimates by 17.76%, while FY2025 revenue rose to $16.8 billion from $15.9 billion.

Bearish view

FY2025 net income declined to $2.6 billion from $2.9 billion despite higher revenue, indicating that growth has not translated consistently into bottom-line expansion.

Analyst Consensus

See all

Buy

23 analysts

$43

Current

$66

Low

$60

Average

$66

High

Average target implies +40.68% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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$42.65-$1.403.19%

As of: Aug 5, 6:11 PM

Prev Close: $44.05
Market Cap: $49.19B
Open: —
Trailing P/E: —
Day Range: $43.87 - $42.32
52W Range: $52.71 - $31.47
Forward P/E: —
EPS: —
Volume: 7.51M
Dividend Yield: —

About Devon Energy Corporation

Devon Energy Corporation is an upstream oil and natural-gas producer that makes money by exploring for, developing and selling hydrocarbons from its production assets. Its economically relevant products include crude oil, natural gas and natural-gas liquids, sold into energy markets to commercial, industrial and other purchasers. The supplied evidence does not provide a defensible percentage split among products, operating segments or customer groups. Devon generated $16.8 billion of revenue and $2.6 billion of net income in FY2025, compared with $15.9 billion and $2.9 billion, respectively, in FY2024.

Notable Price Movement

Aug 3-7$44.052.39%
Devon Energy rose 3.26%, from $42.66 to $44.05 across the supplied window. The stock jumped to $44.46 on July 29, eased to $44.17 on July 30, and then reached $45.13 on July 31 before giving back part of that advance on August 3-4. The main identifiable support was a strong broader-market backdrop: the S&P 500 gained 1.79% on Tuesday as technology earnings impressed and investors anticipated progress toward reopening the Strait of Hormuz amid easing Middle East tensions. Devon also reported second-quarter earnings and revenue that exceeded estimates by 20.77% and 17.76%, respectively, although the release was listed for after the August 4 close, so the evidence does not establish that the beat drove the full move.