Devon Energy (DVN) Research & Development (2017 - 2026)
Devon Energy (DVN) posted quarterly Research & Development of $25.0 million for Q1 2026, up 150.0% year-over-year from $10.0 million in Q1 2025, and up 400.0% quarter-over-quarter from $5.0 million in Q4 2025.
Devon Energy (DVN) Research & Development (2017 - 2026) Analysis & Trends
Devon Energy (DVN) has reported Research & Development for 10 consecutive years, with $25.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 150.0% year-over-year to $25.0 million; the TTM figure through Mar 2026 stood at $58.0 million (up 100.0% YoY), while the FY2025 annual figure was $43.0 million, up 53.57% from the prior year.
- Research & Development rose to $25.0 million in Q1 2026 per DVN's latest filing, from $5.0 million in the prior quarter.
- Across five years, Research & Development topped out at $25.0 million in Q1 2026 and bottomed at $2.0 million in Q1 2022.
- Historically, Research & Development has averaged $8.5 million across 5 years, with a median of $8.0 million in 2025.
- Annual changes were most pronounced in 2024 — Research & Development plunged 70.0% — and 2025, when it jumped 566.67%.
- Devon Energy's Research & Development stood at $13.0 million in 2022, then tumbled by 69.23% to $4.0 million in 2023, then surged by 200.0% to $12.0 million in 2024, then tumbled by 58.33% to $5.0 million in 2025, then soared by 400.0% to $25.0 million in 2026.
- Business Quant data shows DVN's Research & Development at $25.0 million in Q1 2026, $5.0 million in Q4 2025, and $8.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.37 Bn | 156.68 Bn | 12.81 Bn | 75.00 Mn |
| 2 | Canadian Natural Resources | 106.92 Bn | 105.03 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.21 Bn | 75.30 Bn | - | 47.00 Mn |
| 4 | Diamondback Energy | 59.32 Bn | 58.86 Bn | 5.55 Bn | - |
| 5 | Woodside Energy | 46.23 Bn | 40.29 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.09 Bn | 45.08 Bn | 6.02 Bn | 16.00 Mn |
| 7 | Occidental Petroleum | 39.32 Bn | 35.17 Bn | 7.73 Bn | 37.00 Mn |
| 8 | Eqt | 33.83 Bn | 33.72 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 26.33 Bn | 26.09 Bn | - | - |
| 10 | Expand Energy | 22.94 Bn | 21.67 Bn | 2.33 Bn | 16.00 Mn |
Historic Data
Download 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 |