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
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