Devon Energy (DVN)
Energy · Onshore oil and natural gas exploration and production
Leading onshore independent oil and natural gas producer focused on tier-one US shale basins with scale and cost discipline driving substantial free cash flow generation.
What Devon Energy does
Devon Energy is an independent oil and natural gas exploration and production company focused onshore in the United States. The company operates in four core areas: the Delaware Basin, Rockies, Eagle Ford, and Anadarko Basin. Devon recently acquired the Williston Basin business from Grayson Mill in September 2024 and is merging with Coterra Energy in an all-stock transaction to create a large-cap shale operator with enhanced scale and synergies. The company prioritizes capital efficiency, free cash flow generation, and cash returns to shareholders through dividends and share repurchases.
Themes: ["Onshore US shale production"]
Fundamentals
- Price$42.02 as of 2026-07-09 close
- Market cap$49.1B as of 2026-07-10
- 1-year return+21.5% as of 2026-07-09 close
- P/E21.64 as of 2026-07-10
- Net margin+13.7% as of 2026-07-10
- Gross margin+43.8% as of 2026-07-10
- ROE+14.8% as of 2026-07-10
- Debt / equity0.55 as of 2026-07-10
- Revenue growth (YoY)-1.5% as of 2026-07-10
- Revenue CAGR (3y)-3.6% SEC XBRL
- Beta0.45 as of 2026-07-10
Dividend: yield +2.4%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Volatility of oil, gas, and NGL prices driven by geopolitical events, trade policy changes, tariffs, and OPEC+ production decisions creates material earnings and cash flow uncertainty."]
Competitors & peers
- ConocoPhillips
- Diamondback Energy
- Pioneer Natural Resources
- EOG Resources
- Continental Resources
- Occidental Petroleum
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.