Devon Energy Corp
Research Devon Energy Corp (DVN) on Bullrun: valuation model: 18.0% overvalued, market cap USD 55.49B, P/E 11.4, dividend yield 2.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerDVN
- ExchangeNYSE
- CountryUnited States
- SectorEnergy
- IndustryOil & Gas E&P
- CurrencyUSD
- Valuation signal18.0% overvalued
- Market capUSD 55.49B
- P/E11.4
- Dividend yield2.3%
- Financial periodQ2 2026
- RevenueUSD 7.42B
- Net incomeUSD 1.91B
- Free cash flow-USD 373.00M
- Gross margin36.9%
Valuation Snapshot
Bullrun's latest valuation model marks Devon Energy Corp as 18.0% overvalued; latest market cap is USD 55.49B; P/E is 11.4; dividend yield is 2.3%.
Peer valuation comparison
Latest P/E is 11.43x versus a Energy sector median of 15.51x (26.3% below).
Latest dividend yield is 2.29% versus a Energy sector median of 3.62% (36.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 16.79B | USD 2.64B | USD 3.12B | 26.2% | 4.17 | USD 1.38B | USD 8.39B | USD 15.53B |
| FY2024 | USD 15.92B | USD 2.89B | USD 2.96B | 29.6% | 4.56 | USD 811.00M | USD 8.88B | USD 14.50B |
| FY2023 | USD 15.14B | USD 3.74B | USD 2.66B | 35.4% | 5.84 | USD 853.00M | USD 6.16B | USD 12.06B |
| FY2022 | USD 19.83B | USD 6.03B | USD 5.99B | 42.2% | 9.12 | USD 1.31B | USD 6.44B | USD 11.17B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 55.49B | 11.4 | 2.3% | 1.12 |
| 2025 | 2025-12-31 | USD 22.78B | 8.8 | 2.6% | 0.96 |
| 2024 | 2024-12-31 | USD 21.31B | 7.2 | 4.4% | 1.45 |
| 2023 | 2023-12-29 | USD 29.02B | 7.7 | 6.3% | 2.87 |
| 2022 | 2022-12-30 | USD 40.21B | 6.5 | 8.4% | 5.17 |
| 2021 | 2021-12-31 | USD 29.21B | 10.6 | 4.5% | 1.97 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.12 USD, yield 2.3%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.96 USD |
| FY2024 | 1.45 USD |
| FY2023 | 2.87 USD |
| FY2022 | 5.17 USD |
About Devon Energy Corp
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Houston, Texas.
ETFs that hold Devon Energy Corp
Devon Energy Corp is one of the ten largest holdings of 4 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 7.19% | 0.55% |
| L&G Global Quality Dividends UCITS ETF - USD Distributing ETF | 0.37% | 0.29% |
| L&G Global Quality Dividends UCITS ETF - USD Accumulating ETF | 0.37% | 0.29% |
| Global Targeted Value UCITS ETF USD Acc | 0.59% | 0.44% |
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Frequently asked questions
Is Devon Energy Corp overvalued or undervalued?
Bullrun's valuation model currently marks Devon Energy Corp as 18.0% overvalued.
What is Devon Energy Corp's market cap?
Devon Energy Corp's market capitalization is USD 55.49B.
What is Devon Energy Corp's P/E ratio?
Devon Energy Corp's price-to-earnings (P/E) ratio is 11.4.
Does Devon Energy Corp pay a dividend?
Devon Energy Corp has a dividend yield of 2.3%.
What does Devon Energy Corp do?
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Houston, Texas.