Devon Energy (DVN) Research & Development (2017 - 2026)

Devon Energy's (DVN) quarterly Research & Development came in at $25.0 million in Q1 2026, up 150.0% year-on-year from $10.0 million in Q1 2025, and up 400.0% on a QoQ basis from $5.0 million in Q4 2025.

Devon Energy (DVN) Research & Development (2017 - 2026) Analysis & Trends

Devon Energy (DVN) has 10 years of Research & Development data on file, last reported at $25.0 million in Q1 2026.

  • On a quarterly basis, Research & Development rose 150.0% year-over-year to $25.0 million in Q1 2026; TTM through Mar 2026 was $58.0 million, a 100.0% increase from a year earlier, with the FY2025 full-year figure at $43.0 million, up 53.57% from the prior year.
  • Research & Development for Q1 2026 stood at $25.0 million, up from $5.0 million in the prior quarter.
  • Over the last five years, Research & Development for DVN reached as high as $25.0 million in Q1 2026 and fell as low as $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.
  • Across the five-year window, Research & Development slumped 70.0% in 2024 and surged 566.67% in 2025, its largest moves.
  • Year by year, Research & Development stood at $13.0 million in 2022, then tumbled by 69.23% to $4.0 million in 2023, then jumped by 200.0% to $12.0 million in 2024, then tumbled by 58.33% to $5.0 million in 2025, then surged by 400.0% to $25.0 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $25.0 million in Q1 2026, $5.0 million in Q4 2025, and $8.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 109.00 Mn
2 Eog Resources 74.61 Bn 70.76 Bn - 45.00 Mn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 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 110.00 Mn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn -
7 Texas Pacific Land 27.36 Bn 27.11 Bn - -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 25.00 Mn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 14.00 Mn
10 Ovintiv 16.84 Bn 15.96 Bn 2.83 Bn -

Historic Data

Download Data
DateValue
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
Jun 30, 2021 3.00 Mn