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Stocks/Energy/Oil & Gas Exploration & Production

Devon EnergyDVN

Oil & Gas Exploration & Production · Oklahoma City, Oklahoma · In the S&P 500
High qualityCheaper than peers
$52.15+1.92%After hours: $52.11 (−0.08%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 62.7% over 1 year
Devon Energy over 1 yearDaily close, $, to 30 Oct 2026
$40$50Nov2026MarMayJulSep$52.15$40$50NovMarJul$52.15
Source: Nasdaq daily closes
Market value$57.37B
Price to earnings12.3x
Forward P/E9.4x
Dividend yield2.15%
Year to date+42.4%
One year+62.7%
Next earningsThu 5 Nov, after the close
SectorEnergy
52-week range (closes)
$32.01$52.15

Quality and valuation

How Devon Energy compares with other energy stocks. A description, not a recommendation.

Devon Energy and 6 oil & gas exploration & production peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: cheaper than most

A stronger business than most energy companies, priced below most of them.

Devon Energy trades at 9.4 times the next 12 months of expected earnings, against a median of 12.8x for the 25 energy stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +18.2% vs +13.3%
  • Turns more of its sales into cash: 23.0% vs 9.8%
  • Keeps more of its revenue as profit (net margin): 16.1% vs 10.1%
DVN trades at 9.4x forward earnings, below the sector medianForward p/e, Oil & Gas Exploration & Production peers
EOG9.3xDVN9.4xFANG9.9xOXY10.2xEXE12.2xCOP13.3xEQT18.8xTPL33.3xSector median 12.8xEOG9.3xDVN9.4xFANG9.9xOXY10.2xEXE12.2xCOP13.3xEQT18.8xTPL33.3xSector median 12.8x
Source: CNBC quotes; Mostly Markets
At 12.4x earnings, DVN is pricier than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
8x10xAverage 8.9x2025202612.4x10xAverage 8.9x2025202612.4x
Source: Nasdaq prices; SEC filings

Financials

From Devon Energy's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 73.1% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$2bn$4bn$6bnQ3 ’24Q1 ’25Q3 ’25$7.4bnQ2 ’26$0bn$2bn$5bnQ3 ’24Q1 ’25Q3 ’25$7.4bnQ2 ’26
Source: SEC filings
Growth sped up to +73.1% last quarterRevenue growth, year on year, %
0%20%40%60%Q3 ’24Q1 ’25Q3 ’2573.1%Q2 ’260%50%Q3 ’24Q1 ’25Q3 ’2573.1%Q2 ’26
Source: SEC filings
Free cash flow was $4.7 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$1bn$2bnQ3 ’24Q1 ’25Q3 ’25$2.4bnQ2 ’26$0bn$1bn$2bnQ3 ’24Q1 ’25Q3 ’25$2.4bnQ2 ’26
Source: SEC filings
Diluted EPS was $2.03 last quarterQuarterly diluted earnings per share, $
$0$1$2Q3 ’24Q1 ’25Q3 ’25$2.03Q2 ’26$0$1$2Q3 ’24Q1 ’25Q3 ’25$2.03Q2 ’26
Source: SEC filings
Last 12 monthsDVNSector median
Revenue growth+18.2%+13.3%
Free cash flow margin23.0%9.8%
Price to earnings12.3x17.2x

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Similar companies

Oil & Gas Exploration & Production, by market value.

CompanyPriceTodayYTDValue
COPConocoPhillips$154.03+2.67%+64.5%$185B
EOGEOG Resources$165.54+2.05%+57.6%$86.83B
OXYOccidental Petroleum$64.00+1.57%+55.6%$63.98B
FANGDiamondback Energy$212.08+2.74%+41.1%$59.39B
EQTEQT$55.38+1.54%+3.3%$34.64B
TPLTexas Pacific Land$331.68+1.13%+15.5%$22.88B
EXEExpand Energy$90.55+0.12%−18.0%$20.91B
APAAPA$52.82+2.54%+115.9%$18.51B