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Devon Energy Corp  (DVN)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $47.4700 $-0.15 -0.315%
Day's High: $48.01 Week Perf: 1.91 %
Day's Low: $ 47.59 30 Day Perf: 9.91 %
Volume (M): 341 52 Wk High: $ 56.19
Volume (M$): $ 16,239 52 Wk Avg: $47.70
Open: $47.51 52 Wk Low: $40.47



 Market Capitalization (Millions $) 30,421
 Shares Outstanding (Millions) 641
 Employees 1,600
 Revenues (TTM) (Millions $) 15,412
 Net Income (TTM) (Millions $) 3,825
 Cash Flow (TTM) (Millions $) 637
 Capital Exp. (TTM) (Millions $) 4,887

Devon Energy Corp
Devon Energy Corporation, including its subsidiaries, is an independent energy company engaged primarily in oil and gas exploration, development and production, the acquisition of producing properties, the transportation of oil, gas, and NGLs and the processing of natural gas.

Devon operates oil and gas properties in the United States, Canada and various regions located outside North America. Devon's North American properties are concentrated within five geographic areas. Operations in the United States are focused in the Permian Basin, the Mid-Continent, the Rocky Mountains and onshore and offshore Gulf Coast. Canadian operations are focused in the Western Canadian Sedimentary Basin in Alberta and British Columbia. Operations outside North America are located primarily in Azerbaijan, China, Egypt, and areas in West Africa, including Equatorial Guinea, Gabon and Cote d'Ivoire. In addition to its oil and gas operations, Devon has marketing and midstream operations. These include marketing natural gas, crude oil and NGLs, and the construction and operation of pipelines, storage and treating facilities and gas processing plants.

Customers

Devon sells its gas production to a variety of customers including pipelines, utilities, gas marketing firms, industrial users and local distribution companies. Existing gathering systems and interstate and intrastate pipelines are used to consummate gas sales and deliveries.

The principal customers for Devon's crude oil production are refiners, remarketers and other companies, some of which have pipeline facilities near the producing properties. In the event pipeline facilities are not conveniently available, crude oil is shipped to storage, refining or pipeline facilities.

Competition

The oil and gas business is highly competitive. Devon encounters competition by major integrated and independent oil and gas companies in acquiring drilling prospects and properties, contracting for drilling equipment and securing trained personnel. Intense competition occurs with respect to marketing, particularly of natural gas.



   Company Address: 333 West Sheridan Avenue Oklahoma City 73102 OK
   Company Phone Number: 235-3611   Stock Exchange / Ticker: NYSE DVN
   


Customers Net Income fell by DVN's Customers Net Profit Margin fell to

-52.06 %

7.64 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
APA        2.86% 
CHKEW        2.86% 
EOG        2.26% 
OXY        3.37% 
PXD        3.52% 
SWN   -0.14%    
• View Complete Report
   



Devon Energy Corp

Devon Energy Corporation's Q2 2023 Earnings Suffer Significant Dip; EPS Plummets by 63.48% and Revenue Drops by 38.6%

Devon Energy Corp (NYSE: DVN) recently released disappointing financial results for the second quarter of 2023 earnings season, causing concern among investors. The company witnessed a sharp decline in net profit per share, which plummeted by -63.48% to $1.07 per share compared to $2.93 a year ago. Additionally, the company's income took a hit, fading by -30.07% from $1.53 per share from the previous reporting period.
One of the major contributors to this decline was the significant drop in revenue, which faded by -38.606% to $3.45 billion from $5.63 billion in the corresponding reporting period a year ago. Sequentially, revenue also deteriorated by -9.652% from $3.82 billion. This decrease in revenue is alarming and requires a closer look at the factors impacting Devon Energy Corp's operations.

Devon Energy Corp

Devon Energy Corp Soars in Revenue and Profits, Achieving Impressive Growth in Challenging Times

Devon Energy Corp is an American multinational energy company headquartered in Oklahoma City, Oklahoma. The company is primarily involved in the exploration, production, and development of oil and gas properties in the United States and Canada. Devon Energy Corp has operations in several key U.S. oil and gas producing regions, including the Permian Basin, the Eagle Ford Shale, and the Rocky Mountains.
Recently, the company announced moderate revenue growth of 0.289% in the financial period ending on March 31, 2023. The company's revenue rose to $3.82 billion year on year, while its profitability grew slightly by 3.38% to $1.53 billion. The revenue decline of -11.072% from the preceding period was a reflection of the challenging operating environment in the energy sector. The income profits dropped by -17.31% from $1.85 per share.






 

Devon Energy's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Devon Energy does not provide revenue guidance.

Earnings Outlook
Devon Energy Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Canada

Devon Energy's Operating Statistics Decrease / Increase
       
Crude oil production (MBP/D)   Crude oil production (MBP/D) Decline   
Natural gas liquids production (MBP/D)   Natural gas liquids production (MBP/D) Decline   
Natural gas production (MMCF/D)   Natural gas production (MMCF/D) Decline   
Crude oil per barrel Avg. Price ($)   Crude oil per barrel Avg. Price ($)  Decline   
Natural gas liquids per barrel Avg. Price ($)   Natural gas liquids per barrel Avg. Price ($)  Decline   
Natural gas per (MCF) Avg. Price ($)   Natural gas per (MCF) Avg. Price ($) Decline   
Number of Wells Drilled     




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