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Devon Energy Corp  (DVN)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

DVN's Operating Income Growth by Quarter and Year

Devon Energy's Operating Income results by quarter and year




DVN Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 2,337.00 2,320.00 232.00
III Quarter September 1,923.00 3,227.00 1,607.00 144.00
II Quarter June 1,704.00 3,318.00 883.00 -335.00
I Quarter March 1,994.00 1,904.00 505.00 -1,772.00
FY   5,621.00 10,786.00 5,315.00 -1,731.00



DVN Operating Income third quarter 2023 Y/Y Growth Comment
Devon Energy Corp reported fall in Operating Income in the third quarter 2023 by -40.41% to $ 1,923.00 millions, from the same quarter in 2022.
The drop in the third quarter 2023 Devon Energy Corp's Operating Income compares unfavorably to the Company's average Operating Income decrease of -3.82%.

Looking into third quarter 2023 results within Oil And Gas Production industry 16 other companies have achieved higher Operating Income growth. While Devon Energy Corp' s Operating Income drop of -40.41% ranks overall at the positon no. 551 in the third quarter 2023.

Explain Operating Income growth


DVN Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 0.73 % 900 % -
III Quarter September -40.41 % 100.81 % 1015.97 % -77.07 %
II Quarter June -48.64 % 275.76 % - -
I Quarter March 4.73 % 277.03 % - -
FY   - 102.94 % - -

Financial Statements
Devon Energy's third quarter 2023 Operating Income $ 1,923.00 millions DVN's Income Statement
Devon Energy's third quarter 2022 Operating Income $ 3,227.00 millions Quarterly DVN's Income Statement
New: More DVN's historic Operating Income Growth >>


DVN Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -27.58 % 44.37 % 61.11 %
III Quarter September 12.85 % -2.74 % 81.99 % -
II Quarter June -14.54 % 74.26 % 74.85 % -
I Quarter March -14.68 % -17.93 % 117.67 % -
FY (Year on Year)   - 102.94 % - -




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry #17
Energy Sector #24
Overall #551

Operating Income Y/Y Growth Statistics
High Average Low
1129.67 % -3.82 % -541.19 %
(Mar 31 2022)   (Dec 31 2015)
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry #17
Energy Sector #24
Overall #551
Operating Income Y/Y Growth Statistics
High Average Low
1129.67 % -3.82 % -541.19 %
(Mar 31 2022)   (Dec 31 2015)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Devon Energy's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
537.38 % 32.71 % -94.98 %
(Jun 30 2019)  


DVN's III. Quarter Q/Q Operating Income Comment
Devon Energy Corp achieved in the III. Quarter 2023 below company average Operating Income rise of 12.85% quarter on quarter, to $ 1,923.00 millions.

III. Quarter 2023 DVN's Operating Income sequential growth seem to be a mixed bag, even if below the average rise of 32.71 %, yet it shows real recovery compare to the -2.74% in the III. Quarter a year ago

Within Oil And Gas Production industry 32 other companies have achieved higher Operating Income quarter on quarter growth. While Devon Energy's Operating Income growth quarter on quarter, overall rank is 531.


Operating Income Q/Q Growth Company Ranking
Within: No.
Oil And Gas Production Industry #33
Energy Sector #47
Overall #531
Operating Income Q/Q Growth Company Ranking
Within: No.
Oil And Gas Production Industry #33
Energy Sector #47
Overall #531
Operating Income Q/Q Growth Statistics
High Average Low
537.38 % 32.71 % -94.98 %
(Jun 30 2019)  


DVN's III. Quarter Q/Q Operating Income Comment
Devon Energy Corp achieved in the III. Quarter 2023 below company average Operating Income rise of 12.85% quarter on quarter, to $ 1,923.00 millions.

Although the III. Quarter 2023 Devon Energy's Operating Income sequential growth was below the average , this has been still encouraging story, as the current improvement, transcends the -2.74% growth in the same quarter a year ago

Within Oil And Gas Production industry 32 other companies have achieved higher Operating Income quarter on quarter growth. While Devon Energy's Operating Income growth quarter on quarter, overall rank is 531.


Devon Energy's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Operating Income 12 Months Ending $ 7,958.00 $ 9,262.00 $ 10,876.00 $ 10,786.00 $ 10,769.00
Y / Y Operating Income Growth (TTM) -26.1 % 1.24 % 61.99 % 102.94 % 233.72 %
Year on Year Operating Income Growth Overall Ranking # 66 # 44 # 16 # 9 # 107
Seqeuential Operating Income Change (TTM) -14.08 % -14.84 % 0.83 % 0.16 % 17.71 %
Seq. Operating Income Growth (TTM) Overall Ranking # 551 # 500 # 635 # 273 # 282




Cumulative Operating Income growth Comment
For the 12 months ended Sep 30 2023 Devon Energy reported a drop in Operating Income by -26.1% year on year, to $7,958 millions, compare to the 1.24% growth at Jun 30 2023.

Looking into Energy sector trailing twelve month Operating Income increase, only one company had higher growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 44 to 66.

Operating Income TTM Q/Q Growth Statistics
High Average Low
1129.67 %
-3.82 %
-541.19 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry # 17
Energy Sector # 2
Overall # 66

Operating Income TTM Y/Y Growth Statistics
High Average Low
1129.67 %
-3.82 %
-541.19 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 17
Sector # 24
S&P 500 # 551
Cumulative Operating Income growth Comment
For the 12 months ended Sep 30 2023 Devon Energy reported a drop in Operating Income by -26.1% year on year, to $7,958 millions, compare to the 1.24% growth at Jun 30 2023.

Looking into Energy sector trailing twelve month Operating Income increase, only one company had higher growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 44 to 66.

Operating Income TTM Q/Q Growth Statistics
High Average Low
1129.67 %
-3.82 %
-541.19 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry # 17
Energy Sector # 2
Overall # 66

Operating Income TTM Y/Y Growth Statistics
High Average Low
1129.67 %
-3.82 %
-541.19 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 17
Sector # 24
S&P 500 # 551




Other Operating Income Growth
Oil And Gas Production Industry Operating Income Growth Trends and Statistics
Energy Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
DVN's Operating Income Growth Ratio versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for DVN's Competitors
Operating Income Growth for Devon Energy's Suppliers
Operating Income Growth for DVN's Customers

You may also want to know
DVN's Annual Growth Rates DVN's Profitability Ratios DVN's Asset Turnover Ratio DVN's Dividend Growth
DVN's Roe DVN's Valuation Ratios DVN's Financial Strength Ratios DVN's Dividend Payout Ratio
DVN's Roa DVN's Inventory Turnover Ratio DVN's Growth Rates DVN's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Sep 30 2023 within Energy SectorY/Y Change %Operating Income for the quarter ending Sep 30 2023
Consol Energy Inc-0.80%$ -0.798 millions
Gran Tierra Energy Inc -1.29%$ -1.291 millions
Riley Exploration Permian Inc -1.51%$ -1.505 millions
Hess Corporation-2.83%$ -2.829 millions
Alliance Resource Partners Lp-7.10%$ -7.104 millions
Valero Energy Corp-7.62%$ -7.621 millions
Imperial Oil Limited-8.68%$ -8.680 millions
Dorchester Minerals L p -11.26%$ -11.256 millions
The Aes Corporation-12.12%$ -12.121 millions
Granite Ridge Resources Inc -12.19%$ -12.190 millions
Warrior Met Coal Inc -13.41%$ -13.408 millions
Pedevco Corp -16.16%$ -16.161 millions
Diamondback Energy Inc -16.98%$ -16.976 millions
Sitio Royalties Corp -17.60%$ -17.600 millions
Natural Resource Partners Lp-17.64%$ -17.641 millions
Superior Energy Services Inc -18.17%$ -18.169 millions
Klx Energy Services Holdings Inc -19.61%$ -19.608 millions
Kosmos Energy Ltd -19.69%$ -19.691 millions
Phillips 66-21.00%$ -21.001 millions
Texas Pacific Land Corporation-21.66%$ -21.657 millions
Talos Energy Inc -22.69%$ -22.695 millions
Pbf Energy Inc -23.06%$ -23.064 millions
Pioneer Natural Resources Co-23.96%$ -23.959 millions
Denbury Inc -25.75%$ -25.749 millions
Ring Energy Inc -26.13%$ -26.130 millions
World Kinect Corporation-26.92%$ -26.919 millions
Primeenergy Resources Corporation-28.15%$ -28.146 millions
Civitas Resources inc -28.24%$ -28.243 millions
Marathon Petroleum Corporation-28.91%$ -28.911 millions
Chevron Corp-29.93%$ -29.928 millions




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