Devon Historical Income Statement

DVN Stock

USD 39.45 0.75 1.94%

Historical analysis of Devon Energy income statement accounts such as Total Revenue of 15.9 B or Gross Profit of 3.9 B can show how well Devon Energy performed in making a profits. Evaluating Devon Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Devon Energy's future profits or losses.

Cash Flow Balance Sheet Income Statement

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Devon Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Devon Energy is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.

About Devon Income Statement Analysis

Devon Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Devon Energy shareholders. The income statement also shows Devon investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Devon Energy Income Statement Chart

At this time, Devon Energy's Income Tax Expense is very stable compared to the past year. As of the 24th of November 2024, Selling General Administrative is likely to grow to about 559 M, while Depreciation And Amortization is likely to drop about 1.6 B.

Total Revenue Gross Profit Cost Of Revenue Total Operating Expenses Tax Provision

Total Revenue

Total revenue comprises all receipts Devon Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Devon Energy minus its cost of goods sold. It is profit before Devon Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Cost Of Revenue

Cost of Revenue is found on Devon Energy income statement and represents the costs associated with goods and services Devon Energy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from Devon Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Devon Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.At this time, Devon Energy's Income Tax Expense is very stable compared to the past year. As of the 24th of November 2024, Selling General Administrative is likely to grow to about 559 M, while Depreciation And Amortization is likely to drop about 1.6 B.

	2021	2022	2023	2024 (projected)
Gross Profit	3.7B	8.4B	5.2B	3.9B
Total Revenue	12.2B	19.2B	15.1B	15.9B

Gross Profit Total Revenue

Devon Energy income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Extraordinary Items	Selling And Marketing Expenses	Minority Interest	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.48	0.7	0.65	0.79	-0.16	0.6	0.68	0.54	0.47	-0.16	-0.38	-0.18	-0.11	0.72	0.32	0.38	0.39	-0.43	-0.07	0.17	-0.38	-0.27	0.12	-0.28	0.36
Interest Expense	0.48		0.42	0.33	0.69	-0.22	0.3	0.34	0.38	0.57	-0.24	-0.29	-0.24	-0.13	0.68	0.62	0.57	-0.1	-0.03	-0.18	0.14	-0.12	0.13	0.27	-0.24	0.11
Total Revenue	0.7	0.42		0.74	0.8	0.18	0.48	0.53	0.86	0.15	0.25	-0.03	0.24	0.22	0.55	0.14	0.69	0.12	-0.09	0.35	-0.14	-0.07	0.24	-0.33	0.07	0.52
Gross Profit	0.65	0.33	0.74		0.53	0.39	0.32	0.38	0.3	0.53	0.4	0.11	0.43	0.45	0.39	0.44	0.25	0.06	-0.06	0.43	-0.24	-0.13	-0.13	-0.03	-0.13	0.42
Other Operating Expenses	0.79	0.69	0.8	0.53		-0.17	0.57	0.63	0.79	0.36	-0.16	-0.36	-0.16	-0.13	0.76	0.38	0.85	0.32	-0.05	-0.06	0.15	-0.04	0.11	-0.02	-0.1	0.33
Operating Income	-0.16	-0.22	0.18	0.39	-0.17		-0.66	-0.63	-0.06	-0.19	0.98	0.92	0.96	0.96	-0.32	-0.18	-0.2	-0.66	0.17	0.95	-0.93	0.16	0.3	-0.38	0.3	0.09
Ebit	0.6	0.3	0.48	0.32	0.57	-0.66		0.99	0.46	0.27	-0.6	-0.83	-0.57	-0.59	0.44	0.19	0.47	0.67	-0.35	-0.54	0.75	-0.28	-0.29	0.15	-0.33	0.41
Ebitda	0.68	0.34	0.53	0.38	0.63	-0.63	0.99		0.49	0.31	-0.57	-0.81	-0.55	-0.55	0.51	0.21	0.48	0.66	-0.38	-0.5	0.71	-0.31	-0.3	0.16	-0.34	0.43
Cost Of Revenue	0.54	0.38	0.86	0.3	0.79	-0.06	0.46	0.49		-0.18	0.03	-0.15	-0.01	-0.05	0.49	-0.12	0.82	0.14	-0.09	0.15	0.0	0.0	0.42	-0.42	0.18	0.43
Total Operating Expenses	0.47	0.57	0.15	0.53	0.36	-0.19	0.27	0.31	-0.18		-0.25	-0.31	-0.19	-0.1	0.65	0.94	0.08	0.33	0.1	-0.26	0.21	-0.07	-0.46	0.58	-0.42	-0.1
Income Before Tax	-0.16	-0.24	0.25	0.4	-0.16	0.98	-0.6	-0.57	0.03	-0.25		0.93	0.98	0.95	-0.32	-0.22	-0.15	-0.64	0.19	0.98	-0.92	0.21	0.35	-0.45	0.33	0.21
Total Other Income Expense Net	-0.38	-0.29	-0.03	0.11	-0.36	0.92	-0.83	-0.81	-0.15	-0.31	0.93		0.91	0.89	-0.42	-0.24	-0.29	-0.73	0.3	0.89	-0.94	0.28	0.4	-0.4	0.4	0.0
Net Income	-0.18	-0.24	0.24	0.43	-0.16	0.96	-0.57	-0.55	-0.01	-0.19	0.98	0.91		0.92	-0.32	-0.15	-0.16	-0.57	0.29	0.98	-0.91	0.32	0.38	-0.49	0.38	0.2
Income Tax Expense	-0.11	-0.13	0.22	0.45	-0.13	0.96	-0.59	-0.55	-0.05	-0.1	0.95	0.89	0.92		-0.24	-0.11	-0.15	-0.69	0.06	0.9	-0.86	0.01	0.19	-0.23	0.16	0.14
Selling General Administrative	0.72	0.68	0.55	0.39	0.76	-0.32	0.44	0.51	0.49	0.65	-0.32	-0.42	-0.32	-0.24		0.65	0.57	0.42	-0.09	-0.25	0.23	-0.14	-0.21	0.37	-0.36	0.08
Extraordinary Items	0.32	0.62	0.14	0.44	0.38	-0.18	0.19	0.21	-0.12	0.94	-0.22	-0.24	-0.15	-0.11	0.65		0.23	0.28	0.33	-0.23	0.16	0.15	-0.32	0.53	-0.4	-0.03
Selling And Marketing Expenses	0.38	0.57	0.69	0.25	0.85	-0.2	0.47	0.48	0.82	0.08	-0.15	-0.29	-0.16	-0.15	0.57	0.23		0.23	0.17	-0.08	0.18	0.16	0.3	-0.12	0.0	0.28
Minority Interest	0.39	-0.1	0.12	0.06	0.32	-0.66	0.67	0.66	0.14	0.33	-0.64	-0.73	-0.57	-0.69	0.42	0.28	0.23		0.05	-0.6	0.67	0.11	-0.42	0.16	-0.18	-0.02
Discontinued Operations	-0.43	-0.03	-0.09	-0.06	-0.05	0.17	-0.35	-0.38	-0.09	0.1	0.19	0.3	0.29	0.06	-0.09	0.33	0.17	0.05		0.2	-0.3	0.88	0.47	-0.34	0.51	-0.26
Net Income From Continuing Ops	-0.07	-0.18	0.35	0.43	-0.06	0.95	-0.54	-0.5	0.15	-0.26	0.98	0.89	0.98	0.9	-0.25	-0.23	-0.08	-0.6	0.2		-0.93	0.25	0.45	-0.57	0.42	0.23
Non Recurring	0.17	0.14	-0.14	-0.24	0.15	-0.93	0.75	0.71	0.0	0.21	-0.92	-0.94	-0.91	-0.86	0.23	0.16	0.18	0.67	-0.3	-0.93		-0.31	-0.48	0.48	-0.48	0.03
Non Operating Income Net Other	-0.38	-0.12	-0.07	-0.13	-0.04	0.16	-0.28	-0.31	0.0	-0.07	0.21	0.28	0.32	0.01	-0.14	0.15	0.16	0.11	0.88	0.25	-0.31		0.49	-0.48	0.51	-0.11
Tax Provision	-0.27	0.13	0.24	-0.13	0.11	0.3	-0.29	-0.3	0.42	-0.46	0.35	0.4	0.38	0.19	-0.21	-0.32	0.3	-0.42	0.47	0.45	-0.48	0.49		-0.8	0.83	-0.09
Interest Income	0.12	0.27	-0.33	-0.03	-0.02	-0.38	0.15	0.16	-0.42	0.58	-0.45	-0.4	-0.49	-0.23	0.37	0.53	-0.12	0.16	-0.34	-0.57	0.48	-0.48	-0.8		-0.86	-0.09
Net Interest Income	-0.28	-0.24	0.07	-0.13	-0.1	0.3	-0.33	-0.34	0.18	-0.42	0.33	0.4	0.38	0.16	-0.36	-0.4	0.0	-0.18	0.51	0.42	-0.48	0.51	0.83	-0.86		-0.35
Reconciled Depreciation	0.36	0.11	0.52	0.42	0.33	0.09	0.41	0.43	0.43	-0.1	0.21	0.0	0.2	0.14	0.08	-0.03	0.28	-0.02	-0.26	0.23	0.03	-0.11	-0.09	-0.09	-0.35

Click cells to compare fundamentals

Devon Energy Account Relationship Matchups

Devon Energy income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.5B	1.5B	2.2B	2.3B	2.6B	1.6B
Interest Expense	250M	259M	388M	370M	363M	274.9M
Total Revenue	6.2B	4.8B	12.2B	19.2B	15.1B	15.9B
Gross Profit	714M	392M	3.7B	8.4B	5.2B	3.9B
Other Operating Expenses	6.0B	4.9B	9.0B	11.2B	10.3B	5.5B
Operating Income	217M	(90M)	3.3B	8.1B	2.3B	2.5B
Ebit	217M	(2.8B)	3.3B	8.1B	4.9B	3.4B
Ebitda	1.7B	(1.4B)	5.4B	10.4B	7.5B	5.0B
Cost Of Revenue	5.5B	4.4B	8.5B	10.8B	9.9B	10.4B
Total Operating Expenses	533M	505M	433M	424M	408M	387.6M
Income Before Tax	(109M)	(3.1B)	2.9B	7.8B	4.6B	4.9B
Total Other Income Expense Net	(326M)	(547M)	(348M)	(145M)	2.3B	2.4B
Net Income	(79M)	(2.5B)	2.8B	6.0B	3.7B	3.9B
Income Tax Expense	(30M)	(547M)	65M	1.7B	841M	883.1M
Selling General Administrative	475M	338M	391M	395M	408M	559.0M
Net Income Applicable To Common Shares	(355M)	(2.7B)	2.8B	6.0B	5.4B	5.7B
Selling And Marketing Expenses	2.8B	2.0B	4.2B	5.7B	4.3B	3.6B
Discontinued Operations	1.0B	2.5B	(274M)	(128M)	(115.2M)	(109.4M)
Net Income From Continuing Ops	(68M)	(2.6B)	2.8B	6.0B	3.8B	4.0B
Non Recurring	142M	2.9B	272M	29M	26.1M	24.8M
Non Operating Income Net Other	48M	1M	168M	44M	50.6M	44.8M
Tax Provision	(30M)	(547M)	65M	1.7B	921M	967.1M
Interest Income	260M	247M	2M	38M	59M	56.1M
Net Interest Income	(250M)	(270M)	(359M)	(325M)	(304M)	(319.2M)
Reconciled Depreciation	1.5B	1.3B	2.2B	2.2B	2.5B	2.1B

Pair Trading with Devon Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Devon Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Devon Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Devon Stock

0.86

SandRidge Energy

Pair Corr

Moving against Devon Stock

0.55	LB	LandBridge Company Upward Rally	Pair Corr
0.53	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.52	EQT	EQT Corporation	Pair Corr
0.51	EXE	Expand Energy Symbol Change	Pair Corr
0.43	DMLP	Dorchester Minerals	Pair Corr

The ability to find closely correlated positions to Devon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Devon Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Devon Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Devon Energy to buy it.

The correlation of Devon Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Devon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Devon Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Devon Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock:

How To Invest In Devon

Details

Is Devon Stock a good investment?

Details

What is Devon Energy's Net Worth?

Details

Largest Oil & Gas Exploration & Production Companies

View

Largest Oil & Gas E&P Companies

View

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.09)

Dividend Share

Earnings Share

5.4

Revenue Per Share

23.117

Quarterly Revenue Growth

(0.10)

The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Devon Historical Income Statement

About Devon Income Statement Analysis

Devon Energy Income Statement Chart

Total Revenue

Gross Profit

Cost Of Revenue

Total Operating Expenses

Tax Provision

Devon Energy income statement Correlations

Devon Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Devon Energy income statement Accounts

Pair Trading with Devon Energy

Moving together with Devon Stock

Moving against Devon Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Ebitda	+ 0.99	Ebit
Income Before Tax	+ 0.98	Operating Income
Net Income	+ 0.98	Income Before Tax
Net Income From Continuing Ops	+ 0.98	Income Before Tax
Net Income From Continuing Ops	+ 0.98	Net Income
Net Income	+ 0.96	Operating Income

Non Recurring	- 0.94	Total Other Income Expense Net
Non Recurring	- 0.93	Net Income From Continuing Ops
Non Recurring	- 0.93	Operating Income
Non Recurring	- 0.92	Income Before Tax
Non Recurring	- 0.91	Net Income
Net Interest Income	- 0.86	Interest Income