Revenue segments as reported by the company.

Oil, gas and NGL sales

Oil, gas and NGL derivatives

Marketing and midstream revenues

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Production expenses

Exploration expenses

Marketing and midstream expenses

Depreciation, depletion and amortization

Asset impairments

Asset dispositions

General and administrative expenses

Financing costs, net

Restructuring and transaction costs

Other, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Devon Energy

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Barnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Devon Energy reports record performance in 2022, eyes sustained growth

Devon Energy's Q4 2022 Earnings Call highlighted strong financial performance, operational achievements, and a focus on sustaining production and generating free cash flow in 2023. The company remains committed to disciplined operations, high returns, and navigating market uncertainties.

Devon Energy surpasses production targets, focuses on shareholder returns

Devon Energy's Q1 2023 performance reflects exceeding production guidance, strong cash flow generation, and a focus on shareholder returns. The company's strengths lie in operational excellence, capital efficiency, and disciplined financial frameworks.
While challenges include market uncertainties and maintaining profitability amidst cost pressures, Devon Energy has opportunities in refracturing activities, basin focus, and cost-saving initiatives. Overall, Devon Energy remains positioned for growth and value creation in the energy sector.

Devon Energy excels in Q2 with record production and strategic investments

Devon Energy's Q2 performance highlighted solid execution, operational momentum, and a balanced approach to capital allocation. The company aims to continue production growth, achieve cost savings, and enhance shareholder value through dividends and buybacks. Challenges in various basins were acknowledged, with a focus on overcoming technical hurdles and maintaining capital efficiency.

Devon Energy reports 10% production growth, addresses infrastructure challenges

Devon Energy's focus on operational efficiency, capital discipline, and shareholder returns through dividends and buybacks is evident. The company is addressing infrastructure challenges proactively while aiming for production growth and financial strength in 2024.

Devon Energy excels in Q4, prioritizes efficiency and growth

Devon Energy's Q4 2023 earnings call highlighted robust financial performance, strategic priorities for 2024, and a commitment to capital efficiency and shareholder value. The company's focus on operational improvements, well productivity enhancements, and disciplined capital allocation underscores its resilience and growth potential in the energy sector.

Devon Energy surpasses Q1 targets, prioritizes free cash flow generation

Devon Energy's exceptional Q1 performance, exceeding targets, raising guidance, and prioritizing free cash flow generation. Focus on operational efficiency, debt management, and strategic asset development for growth.

Devon Energy excels in Q2 with record production and growth outlook

Devon Energy's exceptional second quarter performance, driven by record oil production and strong financial results, positions the company for continued growth and value creation. With a strategic acquisition strengthening its asset portfolio and a focus on operational efficiencies, Devon is well-positioned to capitalize on growth opportunities and deliver shareholder value.

Devon Energy excels in Q3, anticipates growth with strategic acquisitions

Devon Energy's Q3 2024 earnings call showcased robust operational and financial performance, marked by record production levels and strong free cash flow generation. The company's strategic focus on operational excellence, financial strength, and shareholder value creation positions it well for future growth and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Abbott Labs

CVS Health

Helen of Troy

Hershey

Interpublic Group of Companies

Lamb Weston Hlds

PepsiCo

STMicroelectronics NV ADR RegS

Zimmer Biomet Hlds

Here is my list of blue-chip stocks to research for a buy-on-weakness strategy. Each has the potential to dip by -10% to -20%, given the July S&P 500 correction expands into a more serious bear market. The goal is to purchase stocks at low future PEG Ratios and EV to EBITDA readings for +50% to +100% total returns by the end of 2025.

10 Beaten-Up Blue Chips With Serious Turnaround Potential

OKLAHOMA CITY, July 25, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN), a leading U.S. independent oil and natural gas producer, today announced the release of its 2024 Sustainability Report. The report highlights the company's efforts to deliver industry-leading results while being a good neighbor, valued community partner, responsible environmental steward and supportive employer.

Devon Energy Publishes 2024 Sustainability Report

In the closing of the recent trading day, Devon Energy (DVN) stood at $46.80, denoting a -1.97% change from the preceding trading day.

Devon Energy (DVN) Stock Declines While Market Improves: Some Information for Investors

ConocoPhillips

Schlumberger

The energy sector is one which is bound to grow over the next few years, meaning there are a good few energy stocks to buy now for the coming surge. We have tremendous needs, and these needs are only growing as we gain more and more electric technology.

3 Energy Stocks to Buy Now: Q3 Edition

Matador Resources

SM Energy

With oil prices likely to remain in the bullish territory, upstream firms like Matador Resources (MTDR), SM Energy (SM) and Devon Energy (DVN) are well poised to gain.

3 Solid Oil Stocks to Boost Your Investment Portfolio Now

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Devon Energy (DVN) Stock?

Baker Hughes Co

Halliburton

Occidental Petroleum

Phillips 66

Valero Energy

The energy sector presents several opportunities for investors looking to buy undervalued energy stocks in July. Companies in the oil and gas sector with strong cash flow and investments in low-carbon energy sources are quite appealing.

The 7 Most Undervalued Energy Stocks to Buy in July 2024

General Motors

Kilroy Realty

The market's breadth broadened last week as yields fell on a cooler inflation report. In June, the Consumer Price Index increased 3% year-on-year and declined 0.1% month-over-month, raising the prospects of a rate cut in September.

3 Bargain Stocks to Buy Now: Q3 Edition

Devon Energy acquired Grayson Mill for $5b, adding 307,000 net acres in the Williston Basin and increasing daily production by 100Mboe/d, resulting in an expected 15% increase in FCF. Devon's strategic investments in operational efficiencies and new producing assets have led to improved well performance despite a -10% reduction in total capital investments. Management announced an improvement to shareholder benefits with a $5b share repurchase program and the potential for a dividend increase in 2025.

Devon Energy Deepens Their Williston Basin Assets With Grayson Mill Acquisition

Devon Energy's (DVN) rising earnings estimates, better-than-industry returns and accretive acquisition in Williston Basin are likely to propel the stock higher from the current levels.

Is Devon Energy (DVN) a Buy Following Williston Basin Deal?

Devon Energy is buying Grayson Mill Energy's Williston Basin business. The transformational deal will significantly enhance the company's operations in the region.

This Top Oil Stock Finally Gets In on the Sector's Acquisition Wave. Time to Buy?

The latest trading day saw Devon Energy (DVN) settling at $46.52, representing a -1.08% change from its previous close.

Devon Energy (DVN) Stock Dips While Market Gains: Key Facts

Devon Energy Corporation (NYSE:DVN ) Mergers & Aquisitions Conference Call July 8, 2024 8:30 AM ET Company Participants Scott Coody - Vice President of Investor Relations Rick Muncrief - President and Chief Executive Officer Clay Gaspar - Executive Vice President and Chief Operating Officer Jeff Ritenour - Executive Vice President and Chief Financial Officer David Harris - Executive Vice President and Chief Corporate Development Officer Conference Call Participants Nitin Kumar - Mizuho Securities Neal Dingmann - Truist Securities Kevin MacCurdy - Pickering Energy Partners Charles Meade - Johnson Rice Betty Jiang - Barclays Kalei Akamine - Bank of America Merrill Lynch Scott Hanold - RBC David Deckelbaum - TD Securities Atidrip Modak - Goldman Sachs Paul Cheng - Scotiabank Matthew Portillo - TPH Operator Welcome to Devon Energy's Conference Call. At this time, all participants are in listen-only mode.

Devon Energy Corporation (DVN) Mergers & Aquisitions Conference - (Transcript)

Devon Energy (DVN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Devon Energy (DVN) Could Beat Earnings Estimates Again

Oklahoma City-based Devon Energy said Monday it will expand its already big footprint in the Williston Basin region of North Dakota that encapsules most of the prolific Bakken Shale play. The $5 billion deal to acquire Grayson Mill Energy's Williston assets will be funded with $3.25 billion in cash and $1.75 billion in stock.

Devon Energy Grows Bakken Position With $5 Billion Buyout

Devon Energy (DVN) on Monday announced that it has purchased privately held Grayson Mill Energy for $5.0 billion in cash and stock to expand its operations in the Williston Basin, situated in the Dakotas, Montana, and parts of Canada.

Devon Energy Buys Grayson Mill Energy in Latest Oil Patch Deal

Devon Energy Corp (NYSE:DVN, ETR:DY6) has agreed to pay $5 billion to acquire assets in the Williston Basin spanning parts of Montana, North Dakota and Saskatchewan. The deal, with private equity backed Grayson Mill Energy, comprises $3.25 billion of cash proceeds plus $1.75 billion paid in stock.

Devon Energy acquires Williston Basin assets for $5bn

Devon Energy DVN -2.53%decrease; red down pointing triangle has agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion.

Devon Energy Nabs Williston Basin Driller in $5 Billion Deal

Devon Energy Corp.'s stock DVN, -2.24% rose fractionally in premarket trading on Monday after it said it agreed to pay $5 billion for the Williston Basin business of Grayson Mill Energy, which is backed by private-equity firm EnCap Investments. Devon also plans to boost its share-repurchase authorization to $5 billion, up by 67%.

Devon paying $5 billion for unit of EnCap-backed Grayson Energy

Devon Energy said on Monday it had entered into a deal to acquire Grayson Mill Energy's Williston basin business in a cash-and-stock deal worth $5 billion.

Devon Energy to buy Grayson Mill's Williston business for $5 bln

OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) -- Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction is subject to customary terms and conditions, including various purchase price adjustments, and is expected to close by the end of the third quarter of 2024, with an effective date of June 1, 2024.

Devon Energy Announces Strategic Acquisition in the Williston Basin and Expands Share-Repurchase Authorization by 67 Percent to $5 Billion

Devon Energy's shares are consolidating despite rising petroleum prices due to OPEC+ production cuts. Production curbs should lead to improved earnings and free cash flow prospects. OPEC+'s decision to extend supply cuts has positively impacted petroleum prices. Free cash flow upside translates into stronger capital return potential.

Devon Energy: Consolidation Creates Buying Opportunity (Rating Upgrade)

Bitfarms Ltd

Civitas Resources

Core Scientific Inc

Coterra Energy

Kohl's

Ovintiv

Riot Blockchain

These companies could be potential targets or buyers in the second half of 2024.

Crypto, Retail, and Oil Are Hot for Deals. Check These Stocks.

APA Corporation

Chevron

EOG Resources

Diamondback Energy

Hess

Kinder Morgan

Marathon Petroleum

Marathon Oil

ONEOK

Targa Resources

Williams

Energy Select Sector SPDR Fund

Exxon Mobil

The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weighing on the energy sector, although some stocks are affected more than others. Crude oil is hemmed in between two opposing forces, which are both trying to impose their influence on prices.

Energy Stocks: Winners And Losers At The Beginning Of H2 2024

Devon Energy is a large player in the oil and gas market with a market capitalization of $28.88 billion. Despite recent share price declines, company fundamentals remain strong with increased production guidance and cost reductions. Valuation metrics show Devon Energy is attractively priced compared to similar firms, with low leverage and a stable oil price outlook.

Devon Energy: Plenty Of Reasons To Remain Bullish

News for Devon Energy Stock (DVN)