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DVN Price Correlated With Financials For Devon Energy

Free historical financial statements for Devon Energy Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 52 quarters since 2010. Compare with DVN stock chart to see long term trends.

DVN Stock Compared to Quarterly

DVN Income Statement

Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
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Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

DVN Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

DVN Balance Sheet

Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
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Long Term Debt, Non-Current Portion:
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Insider Trading

SEC Form 4
Gaspar Clay M   EVP and COO
20,000 sh at $50
Muncrief Richard E   President and CEO
7,500 sh at $50
Muncrief Richard E   President and CEO
5,000 sh at $53
Muncrief Richard E   President and CEO
10,000 sh at $53
3,765 sh at $53

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
56,829,433 sh
-463,397 sh
State Street
43,019,375 sh
204,854 sh
16,107,872 sh
-553,892 sh
Geode Capital Management
13,321,413 sh
131,526 sh
Morgan Stanley
11,263,424 sh
356,448 sh
Boston Partners
10,496,945 sh
-661,581 sh
Susquehanna International Group,
Call options for 10,444,900 sh
10,444,900 sh
9,131,998 sh
-1,065,491 sh
7,664,630 sh
40,811 sh
Raymond James & Associates
7,462,389 sh
7,447,389 sh
Bank Of New York Mellon
7,317,049 sh
7,317,049 sh
T. Rowe Price Investment Management.
5,608,577 sh
2,752,752 sh
Capital Wealth Planning
5,386,490 sh
2,562,584 sh
Price T Rowe Associates /Md/
4,963,662 sh
-243,166 sh
Legal & General Group Plc
4,873,484 sh
-98,364 sh
Fisher Asset Management
4,407,355 sh
62,018 sh
Thrivent Financial For Lutherans
4,104,053 sh
-27,215 sh
Voya Investment Management
4,049,991 sh
-60,714 sh
Susquehanna International Group,
Put options for 3,955,300 sh
3,955,300 sh
First Republic Investment Management.
3,805,088 sh
47,901 sh

Summary of Significant Accounting Policies

Devon is a leading independent energy company engaged primarily in the exploration, development and production of oil, natural gas and NGLs. Devon’s operations are concentrated in various onshore areas in the U.S.
Devon and WPX completed an all-stock merger of equals on January 7, 2021. On the closing date of the Merger, each share of WPX common stock was automatically converted into the right to receive 0.5165 of a share of Devon common stock. The transaction has been accounted for using the acquisition method of accounting, with Devon being treated as the accounting acquirer. See Note 2 for further discussion.
As further discussed in Note 19 , Devon sold its Barnett Shale assets on October 1, 2020 and sold its Canadian operations on June 27, 2019. Prior to December 31, 2020, activity relating to Devon’s Barnett Shale assets and Canadian operations are classified as discontinued operations within Devon’s consolidated statements of comprehensive earnings and consolidated statements of cash flows.
Accounting policies used by Devon and its subsidiaries conform to accounting principles generally accepted in the U.S. and reflect industry practices. The more significant of such policies are discussed below.
Principles of Consolidation
The accompanying consolidated financial statements include the accounts of Devon, entities in which it holds a controlling interest and VIEs for which Devon is the primary beneficiary. All intercompany transactions have been eliminated. Undivided interests in oil and natural gas exploration and production joint ventures are consolidated on a proportionate basis. Investments in non-controlled entities, over which Devon has the ability to exercise significant influence over operating and financial policies, are accounted for using the equity method. In applying the equity method of accounting, the investments are initially recognized at cost and subsequently adjusted for Devon’s proportionate share of earnings, losses, contributions and distributions.
Variable Interest Entity
Devon entered into an agreement in 2019 to form CDM, a partnership in the Delaware Basin, with an affiliate of QL Capital Partners, LP (“QLCP”). Devon holds a controlling interest in CDM and the portions of CDM’s net earnings and equity not attributable to Devon’s controlling interest are shown separately as noncontrolling interests in the accompanying consolidated statements of comprehensive earnings and consolidated balance sheets. CDM is considered a VIE to Devon.
Devon, through its controlling interest in CDM, has the power to direct the activities that significantly affect the economic performance of CDM and the obligation to absorb losses or the right to receive benefits that could be significant to CDM; therefore, Devon is considered the primary beneficiary and consolidates CDM. CDM maintains its own capital structure that is separate from Devon. During 2021, QLCP contributions to and distributions from CDM were approximately $3 million and $20 million, respectively. During 2020, QLCP contributions to and distributions from CDM were approximately $21 million and $14 million, respectively. During 2019, QLCP contributions to CDM were approximately $116 million, primarily associated with the CDM formation.
The assets of CDM cannot be used by Devon for general corporate purposes and are included in and disclosed parenthetically on Devon's consolidated balance sheets. The carrying amount of liabilities related to CDM for which the creditors do not have recourse to Devon's assets are also included in and disclosed parenthetically, if material, on Devon's consolidated balance sheets.
In conjunction with the Merger, Devon acquired an interest in Catalyst, which is a joint venture established among WPX, an affiliate of Howard Energy Partners, LLC (“HEP”) and certain other investors, to develop oil gathering and natural gas processing infrastructure in the Stateline area of t

Data imported from Devon Energy Corp SEC filings. Check original filings before making any investment decision.