Devon Energy (DVN) Research & Development (2017 - 2026)
Devon Energy (DVN) reported Research & Development of $16 million for Q2 2026, down 20.0% from $20 million a year earlier and down 36.0% from the prior quarter.
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Analysis
Devon Energy (DVN) Research & Development (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Devon Energy's Research & Development came in at $54 million, up 17.4% year-over-year; for FY2025, it was $43 million, up 53.6% from FY2024.
- Research & Development has a five-year compound annual growth rate of -23.8% (FY2020 to FY2025).
- By year, Research & Development came in at $28 million in FY2024 (+40.0%), $20 million in FY2023 (-31.0%), $29 million in FY2022 (+107.1%) and $14 million in FY2021 (-91.6%).
- Five-year quarterly Research & Development spans a low of $2 million in Q1 2022 and a high of $25 million in Q1 2026.
- Year over year, Research & Development gained in six of the last eight quarters, with growth averaging 122.8%.
- The high point for year-over-year Research & Development in five years was Q2 2025 (growth of 566.7%); the low point was Q3 2021 (a decline of 92.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $25 million (Q1 2026), $5 million (Q4 2025) and $8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 740.95 Bn | 697.43 Bn | - | 155.00 Mn |
| 2 | Chevron | 445.92 Bn | 418.04 Bn | 33.45 Bn | 256.00 Mn |
| 3 | Shell | 310.42 Bn | 240.16 Bn | 30.13 Bn | 277.00 Mn |
| 4 | TotalEnergies SE | 199.18 Bn | 79.76 Bn | 61.77 Bn | 95.00 Mn |
| 5 | Conocophillips | 176.99 Bn | 149.70 Bn | 12.81 Bn | 75.00 Mn |
| 6 | Equinor Asa | 119.50 Bn | 33.95 Bn | - | -189.00 Mn |
| 7 | Phillips 66 | 117.14 Bn | 104.93 Bn | 8.38 Bn | - |
| 8 | Canadian Natural Resources | 113.92 Bn | 110.93 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 96.26 Bn | 82.01 Bn | - | - |
| 10 | Devon Energy | 46.90 Bn | 46.90 Bn | 5.54 Bn | 16.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.00 Mn |
| Mar 31, 2026 | 25.00 Mn |
| Dec 31, 2025 | 5.00 Mn |
| Sep 30, 2025 | 8.00 Mn |
| Jun 30, 2025 | 20.00 Mn |
| Mar 31, 2025 | 10.00 Mn |
| Dec 31, 2024 | 12.00 Mn |
| Sep 30, 2024 | 4.00 Mn |
| Jun 30, 2024 | 3.00 Mn |
| Mar 31, 2024 | 9.00 Mn |
| Dec 31, 2023 | 4.00 Mn |
| Sep 30, 2023 | 3.00 Mn |
| Jun 30, 2023 | 10.00 Mn |
| Mar 31, 2023 | 3.00 Mn |
| Dec 31, 2022 | 13.00 Mn |
| Sep 30, 2022 | 4.00 Mn |
| Jun 30, 2022 | 10.00 Mn |
| Mar 31, 2022 | 2.00 Mn |
| Dec 31, 2021 | 5.00 Mn |
| Sep 30, 2021 | 3.00 Mn |
API Access
Devon Energy Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=DVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "DVN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=DVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();