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
DateValue
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