Devon Energy (DVN) Operating Expenses (2009 - 2026)
Devon Energy's (DVN) quarterly Operating Expenses came in at $3.6 billion in Q1 2026, down 4.34% year-on-year from $3.8 billion in Q1 2025, and up 7.91% on a QoQ basis 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.
- On a quarterly basis, Operating Expenses fell 4.34% year-over-year to $3.6 billion in Q1 2026; TTM through Mar 2026 was $13.6 billion, a 2.66% increase from a year earlier, with the FY2025 full-year figure at $13.7 billion, up 12.22% from the prior year.
- Operating Expenses for Q1 2026 stood at $3.6 billion, up from $3.4 billion in the prior quarter.
- Over the last five years, Operating Expenses for DVN reached as high as $3.8 billion in Q1 2025 and fell as low as $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.
- Across the five-year window, Operating Expenses surged 48.18% in 2022 and retreated 18.33% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $2.7 billion in 2022, then retreated by 1.13% to $2.7 billion in 2023, then surged by 31.23% to $3.6 billion in 2024, then retreated by 5.3% to $3.4 billion in 2025, then advanced by 7.91% to $3.6 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $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 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 2.28 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 4.32 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 4.12 Bn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 4.86 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 60.22 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 54.49 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.64 Bn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 2.87 Bn |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 2.02 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 |