Devon Energy (DVN) Capital Expenditures (2009 - 2026)
Devon Energy's Capital Expenditures came in at $1.32 billion for Q2 2026, up 37.9% from $956 million a year earlier and up 57.1% from the prior quarter.
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Analysis
Devon Energy (DVN) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Devon Energy reported Capital Expenditures of $3.86 billion, up 4.5% year-over-year; for FY2025, it came in at $3.59 billion, down 1.5% from FY2024.
- Capital Expenditures carries a five-year compound annual growth rate of 25.5% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $3.65 billion in FY2024 (-6.1%), $3.88 billion in FY2023 (+52.8%), $2.54 billion in FY2022 (+27.8%) and $1.99 billion in FY2021 (+72.5%).
- The Q2 2026 figure represents the highest quarterly Capital Expenditures since Q1 2016.
- Year-over-year, Capital Expenditures increased in four of the last eight quarters, with growth averaging 2.9%.
- The fastest year-over-year change in Capital Expenditures over five years came in Q4 2021 (growth of 135.9%), and the weakest in Q2 2024 (a decline of 12.1%).
- Business Quant data shows DVN's Capital Expenditures at $839 million (Q1 2026), $832 million (Q4 2025) and $870 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 740.26 Bn | 696.74 Bn | - | 6.53 Bn |
| 2 | Chevron | 445.71 Bn | 417.83 Bn | 33.45 Bn | 4.54 Bn |
| 3 | Shell | 311.39 Bn | 241.13 Bn | 30.13 Bn | 80.60 Bn |
| 4 | TotalEnergies SE | 198.73 Bn | 79.31 Bn | 61.77 Bn | 4.23 Bn |
| 5 | Conocophillips | 177.21 Bn | 149.91 Bn | 12.81 Bn | 3.02 Bn |
| 6 | Equinor Asa | 120.13 Bn | 34.59 Bn | - | 2.87 Bn |
| 7 | Canadian Natural Resources | 113.21 Bn | 110.22 Bn | 8.84 Bn | -1.72 Bn |
| 8 | Phillips 66 | 113.15 Bn | 100.94 Bn | 8.38 Bn | 726.00 Mn |
| 9 | Suncor Energy | 94.87 Bn | 80.62 Bn | - | -1.35 Bn |
| 10 | Devon Energy | 46.26 Bn | 46.26 Bn | 5.54 Bn | 4.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.05 Bn |
| Mar 31, 2026 | 1.03 Bn |
| Dec 31, 2025 | 933.00 Mn |
| Sep 30, 2025 | 1.07 Bn |
| Jun 30, 2025 | 972.00 Mn |
| Mar 31, 2025 | 942.00 Mn |
| Dec 31, 2024 | 1.04 Bn |
| Sep 30, 2024 | 4.48 Bn |
| Jun 30, 2024 | 1.03 Bn |
| Mar 31, 2024 | 902.00 Mn |
| Dec 31, 2023 | 920.00 Mn |
| Sep 30, 2023 | 905.00 Mn |
| Jun 30, 2023 | 1.10 Bn |
| Mar 31, 2023 | 1.03 Bn |
| Dec 31, 2022 | 821.00 Mn |
| Sep 30, 2022 | 3.09 Bn |
| Jun 30, 2022 | 673.00 Mn |
| Mar 31, 2022 | 538.00 Mn |
| Dec 31, 2021 | 515.00 Mn |
| Sep 30, 2021 | 484.00 Mn |
API Access
Devon Energy Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=DVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "DVN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=DVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();