Devon Energy (DVN) Operating Expenses (2009 - 2026)
Devon Energy (DVN) posted quarterly 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 reported Operating Expenses for 18 consecutive years, with $3.6 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 4.34% year-over-year to $3.6 billion; the TTM figure through Mar 2026 stood at $13.6 billion (up 2.66% YoY), while the FY2025 annual figure was $13.7 billion, up 12.22% from the prior year.
- Operating Expenses rose to $3.6 billion in Q1 2026 per DVN's latest filing, from $3.4 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $3.8 billion in Q1 2025 and bottomed at $2.6 billion in Q1 2022.
- Historically, Operating Expenses has averaged $3.0 billion across 5 years, with a median of $3.0 billion in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 48.18% — and 2023, when it slipped 18.33%.
- Devon Energy's Operating Expenses stood at $2.7 billion in 2022, then declined by 1.13% to $2.7 billion in 2023, then soared by 31.23% to $3.6 billion in 2024, then declined by 5.3% to $3.4 billion in 2025, then rose 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.68 Bn | 155.99 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.47 Bn | 104.58 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.04 Bn | 75.13 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.25 Bn | 58.79 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.03 Bn | 45.03 Bn | 6.02 Bn | 5.03 Bn |
| 7 | Occidental Petroleum | 39.50 Bn | 35.35 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.76 Bn | 33.64 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.32 Bn | 26.07 Bn | - | 54.24 Mn |
| 10 | Expand Energy | 22.99 Bn | 21.72 Bn | 2.33 Bn | 2.30 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.03 Bn |
| 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 |