Devon Energy (DVN) Operating Expenses (2009 - 2026)
Devon Energy (DVN) reported Operating Expenses of $3.6 billion for Q1 2026, down 4.34% year-over-year from $3.8 billion in Q1 2025, and up 7.91% quarter-over-quarter from $3.4 billion in Q4 2025.
Devon Energy (DVN) Operating Expenses (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has 18 years of Operating Expenses data on file, last reported at $3.6 billion in Q1 2026.
- Operating Expenses for Q1 2026 came in at $3.6 billion, down 4.34% year-over-year; the trailing twelve-month figure through Mar 2026 was $13.6 billion (up 2.66% YoY), and the FY2025 annual result was $13.7 billion, up 12.22% from the prior year.
- Operating Expenses advanced to $3.6 billion in Q1 2026 per DVN's latest filing, from $3.4 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $3.8 billion in Q1 2025 and troughed at $2.6 billion in Q1 2022.
- A 5-year average of $3.0 billion and a median of $3.0 billion in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 48.18% in 2022, then slipped 18.33% in 2023.
- A 5-year view of Operating Expenses shows it stood at $2.7 billion in 2022, then dropped by 1.13% to $2.7 billion in 2023, then surged by 31.23% to $3.6 billion in 2024, then dropped by 5.3% to $3.4 billion in 2025, then increased by 7.91% to $3.6 billion in 2026.
- Business Quant data shows DVN's Operating Expenses at $3.6 billion in Q1 2026, $3.4 billion in Q4 2025, and $3.4 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 631.53 Bn | 625.59 Bn | - | - |
| 2 | Canadian Natural Resources | 402.73 Bn | 402.73 Bn | 6.72 Bn | 1.04 Bn |
| 3 | Conocophillips | 145.39 Bn | 139.02 Bn | 9.48 Bn | 2.28 Bn |
| 4 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 4.32 Bn |
| 5 | Occidental Petroleum | 57.00 Bn | 53.82 Bn | 4.87 Bn | 1.12 Bn |
| 6 | Diamondback Energy | 56.03 Bn | 62.20 Bn | 4.22 Bn | 4.12 Bn |
| 7 | Vista Energy, S.A.B. de C.V | 36.26 Bn | 35.65 Bn | 472.36 Mn | -52.32 Mn |
| 8 | Eqt | 33.02 Bn | 36.36 Bn | 2.98 Bn | 54.87 Mn |
| 9 | Vermilion Energy | 32.76 Bn | 32.57 Bn | 370.10 Mn | 103.33 Mn |
| 10 | Devon Energy | 27.78 Bn | 27.78 Bn | 3.61 Bn | 3.64 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.64 Bn |
| Dec 31, 2025 | 3.37 Bn |
| Sep 30, 2025 | 3.42 Bn |
| Jun 30, 2025 | 3.12 Bn |
| Mar 31, 2025 | 3.81 Bn |
| Dec 31, 2024 | 3.56 Bn |
| Sep 30, 2024 | 2.96 Bn |
| Jun 30, 2024 | 2.88 Bn |
| Mar 31, 2024 | 2.83 Bn |
| Dec 31, 2023 | 2.72 Bn |
| Sep 30, 2023 | 2.76 Bn |
| Jun 30, 2023 | 2.56 Bn |
| Mar 31, 2023 | 2.60 Bn |
| Dec 31, 2022 | 2.75 Bn |
| Sep 30, 2022 | 2.97 Bn |
| Jun 30, 2022 | 3.13 Bn |
| Mar 31, 2022 | 2.55 Bn |
| Dec 31, 2021 | 2.61 Bn |
| Sep 30, 2021 | 2.50 Bn |
| Jun 30, 2021 | 2.11 Bn |