Devon Energy Corporation (DVN) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
333 W. SHERIDAN AVENUE OKLAHOMA CITY, OK 73102 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 811 | 853 | 1,314 | 2,099 | 2,047 | 1,464 | |||
| Cash and cash equivalent | 811 | 853 | 1,314 | 2,099 | 2,047 | 1,464 | |||
| Receivables | 1,972 | 1,573 | 1,767 | 1,739 | 683 | 1,013 | |||
| Inventory, net of allowances, customer advances and progress billings | 294 | 249 | 201 | ||||||
| Inventory | 294 | 249 | 201 | ||||||
| Disposal group, including discontinued operation | 896 | ||||||||
| Other current assets | 315 | 460 | 469 | 352 | 248 | 279 | |||
| Other undisclosed current assets | 35 | 22 | 140 | 59 | 282 | 199 | |||
| Total current assets: | 3,427 | 3,157 | 3,891 | 4,249 | 3,260 | 3,851 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 248 | 246 | 203 | 211 | |||||
| Operating lease, right-of-use asset | 55 | 21 | 21 | 24 | |||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 25,011 | 19,328 | 18,106 | 15,008 | 5,393 | 8,593 | |||
| Intangible asset, including goodwill, after accumulated amortization | 753 | 753 | 753 | 753 | 753 | 753 | |||
| Goodwill | 753 | 753 | 753 | 753 | 753 | 753 | |||
| Regulated entity, other noncurrent assets | 53 | 30 | 26 | 30 | |||||
| Disposal group, including discontinued operation, noncurrent assets | 81 | ||||||||
| Other noncurrent assets | 268 | 319 | 307 | 378 | 283 | 196 | |||
| Other undisclosed noncurrent assets | 674 | 636 | 414 | 372 | 223 | 243 | |||
| Total noncurrent assets: | 27,062 | 21,333 | 19,830 | 16,776 | 6,652 | 9,866 | |||
| TOTAL ASSETS: | 30,489 | 24,490 | 23,721 | 21,025 | 9,912 | 13,717 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,238 | 1,982 | 2,365 | 1,956 | 904 | 1,158 | |||
| Accounts payable | 2,238 | 1,982 | 2,365 | 1,956 | 904 | 1,158 | |||
| Debt | 485 | 483 | 251 | ||||||
| Disposal group, including discontinued operation | 459 | ||||||||
| Other liabilities | 586 | 484 | 489 | 1,131 | 536 | 310 | |||
| Total current liabilities: | 3,309 | 2,949 | 3,105 | 3,087 | 1,440 | 1,927 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,691 | 5,958 | 6,438 | 6,734 | 4,544 | 4,538 | |||
| Long-term debt, excluding current maturities | 8,398 | 5,672 | 6,189 | 6,482 | 4,298 | 4,294 | |||
| Finance lease, liability | 293 | 286 | 249 | 247 | 244 | 240 | |||
| Liabilities, other than long-term debt | 1,637 | 1,528 | 1,419 | 1,518 | 909 | 1,332 | |||
| Asset retirement obligations | 770 | 643 | 511 | 468 | 358 | 380 | |||
| Deferred income tax liabilities | 341 | ||||||||
| Disposal group, including discontinued operation, liabilities | 185 | ||||||||
| Other liabilities | 840 | 876 | 900 | 1,050 | 551 | 426 | |||
| Operating lease, liability | 27 | 9 | 8 | 5 | 2 | 4 | |||
| Other undisclosed noncurrent liabilities | 2,148 | 1,838 | 1,463 | 287 | |||||
| Total noncurrent liabilities: | 12,476 | 9,324 | 9,320 | 8,539 | 5,453 | 5,870 | |||
| Total liabilities: | 15,785 | 12,273 | 12,425 | 11,626 | 6,893 | 7,797 | |||
| Equity | |||||||||
| Equity, attributable to parent | 14,496 | 12,061 | 11,167 | 9,262 | 2,885 | 5,802 | |||
| Common stock | 65 | 64 | 65 | 66 | 38 | 38 | |||
| Treasury stock, value | (13) | ||||||||
| Additional paid in capital | 6,387 | 5,939 | 6,921 | 7,636 | 2,766 | 2,735 | |||
| Accumulated other comprehensive loss | (122) | (124) | (116) | (132) | (127) | (119) | |||
| Retained earnings | 8,166 | 6,195 | 4,297 | 1,692 | 208 | 3,148 | |||
| Equity, attributable to noncontrolling interest | 208 | 156 | 129 | 137 | 134 | 118 | |||
| Total equity: | 14,704 | 12,217 | 11,296 | 9,399 | 3,019 | 5,920 | |||
| TOTAL LIABILITIES AND EQUITY: | 30,489 | 24,490 | 23,721 | 21,025 | 9,912 | 13,717 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,940 | 15,258 | 19,169 | 12,206 | 4,828 | 6,220 | ||
| Cost of revenue (Cost of Product and Service Sold) | (2,812) | |||||||
| Gross profit: | 15,940 | 15,258 | 19,169 | 12,206 | 4,828 | 3,408 | ||
| Operating expenses | (12,998) | (441) | (425) | (535) | (3,246) | (569) | ||
| Other operating income (expense), net | 76 | 9 | 9 | (32) | (14) | |||
| Operating income: | 3,018 | 14,826 | 18,753 | 11,639 | 1,568 | 2,839 | ||
| Interest and debt expense | (420) | (384) | (381) | (369) | (259) | (260) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (4,399) | (2,688) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,598 | 14,442 | 18,372 | 11,270 | (3,090) | (109) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,114 | (9,819) | (10,597) | |||||
| Income (loss) from continuing operations before income taxes: | 3,712 | 4,623 | 7,775 | 11,270 | (3,090) | (109) | ||
| Income tax expense (benefit) | (770) | (841) | (1,738) | (65) | 547 | 30 | ||
| Other undisclosed loss from continuing operations | (22) | (8,392) | (9) | |||||
| Income (loss) from continuing operations: | 2,942 | 3,782 | 6,015 | 2,813 | (2,552) | (79) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 2,813 | (2,680) | (353) | |
| Loss from discontinued operations | (128) | (274) | ||||||
| Other undisclosed net income | 22 | 20 | 9 | |||||
| Net income (loss): | 2,942 | 3,782 | 6,037 | 2,833 | (2,671) | (353) | ||
| Net loss attributable to noncontrolling interest | (51) | (35) | (22) | (20) | (9) | (2) | ||
| Net income (loss) available to common stockholders, diluted: | 2,891 | 3,747 | 6,015 | 2,813 | (2,680) | (355) | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,942 | 3,782 | 6,037 | 2,833 | (2,671) | (353) | ||
| Other comprehensive income (loss) | 2 | (8) | 16 | (5) | (8) | (1,146) | ||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | 2,944 | 3,774 | 6,053 | 2,828 | (2,679) | (1,499) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (51) | (35) | (22) | (20) | (9) | (2) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,893 | 3,739 | 6,031 | 2,808 | (2,688) | (1,501) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.