Devon Energy (DVN) Free Cash Flow (2009 - 2026)
Devon Energy (DVN) recorded Free Cash Flow of $2.36 billion in Q2 2026, up 300.0% from $589 million a year earlier and up 188.7% from the prior quarter.
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Analysis
Devon Energy (DVN) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, Devon Energy's Free Cash Flow came in at $4.69 billion as of Jun 30, 2026, up 50.4% year-over-year; for FY2025, it came in at $3.12 billion, up 5.5% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 58.6% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $2.96 billion in FY2024 (+11.0%), $2.66 billion in FY2023 (-55.6%), $5.99 billion in FY2022 (+105.8%) and $2.91 billion in FY2021 (+835.7%).
- The Q2 2026 figure is the highest quarterly Free Cash Flow in data going back to Q1 2009.
- On a year-over-year basis, Free Cash Flow rose in four of the last eight quarters, with growth averaging 35.3%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 683.0% in Q4 2021, against a decline of 84.5% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $816 million (Q1 2026), $702 million (Q4 2025) and $820 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 743.20 Bn | 699.68 Bn | - | 17.03 Bn |
| 2 | Chevron | 447.03 Bn | 419.15 Bn | 33.45 Bn | 18.10 Bn |
| 3 | Shell | 310.50 Bn | 240.25 Bn | 30.13 Bn | -59.17 Bn |
| 4 | TotalEnergies SE | 198.52 Bn | 79.10 Bn | 61.77 Bn | 6.63 Bn |
| 5 | Conocophillips | 177.09 Bn | 149.80 Bn | 12.81 Bn | 4.41 Bn |
| 6 | Equinor Asa | 119.58 Bn | 34.03 Bn | - | 6.60 Bn |
| 7 | Phillips 66 | 116.56 Bn | 104.35 Bn | 8.38 Bn | 6.53 Bn |
| 8 | Canadian Natural Resources | 113.43 Bn | 110.44 Bn | 8.84 Bn | 6.65 Bn |
| 9 | Suncor Energy | 96.25 Bn | 82.00 Bn | - | 7.00 Bn |
| 10 | Devon Energy | 46.72 Bn | 46.72 Bn | 5.54 Bn | -373.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -373.00 Mn |
| Mar 31, 2026 | 626.00 Mn |
| Dec 31, 2025 | 601.00 Mn |
| Sep 30, 2025 | 623.00 Mn |
| Jun 30, 2025 | 573.00 Mn |
| Mar 31, 2025 | 1.00 Bn |
| Dec 31, 2024 | 622.00 Mn |
| Sep 30, 2024 | -2.82 Bn |
| Jun 30, 2024 | 505.00 Mn |
| Mar 31, 2024 | 836.00 Mn |
| Dec 31, 2023 | 817.00 Mn |
| Sep 30, 2023 | 820.00 Mn |
| Jun 30, 2023 | 308.00 Mn |
| Mar 31, 2023 | 652.00 Mn |
| Dec 31, 2022 | 1.09 Bn |
| Sep 30, 2022 | -989.00 Mn |
| Jun 30, 2022 | 2.01 Bn |
| Mar 31, 2022 | 1.30 Bn |
| Dec 31, 2021 | 1.10 Bn |
| Sep 30, 2021 | 1.11 Bn |
API Access
Devon Energy Free Cash Flow 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=free-cash-flow&ticker=DVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=DVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();