Devon Energy (DVN) Research & Development (2017 - 2026)
Devon Energy (DVN) reported 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 10 years of Research & Development data on file, last reported at $25.0 million in Q1 2026.
- Research & Development for Q1 2026 came in at $25.0 million, up 150.0% year-over-year; the trailing twelve-month figure through Mar 2026 was $58.0 million (up 100.0% YoY), and the FY2025 annual result was $43.0 million, up 53.57% from the prior year.
- Research & Development advanced to $25.0 million in Q1 2026 per DVN's latest filing, from $5.0 million in the prior quarter.
- Over five years, Research & Development peaked at $25.0 million in Q1 2026 and troughed at $2.0 million in Q1 2022.
- A 5-year average of $8.5 million and a median of $8.0 million in 2025 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2025: Research & Development plunged 70.0% in 2024, then jumped 566.67% in 2025.
- A 5-year view of Research & Development shows it stood at $13.0 million in 2022, then slumped by 69.23% to $4.0 million in 2023, then jumped by 200.0% to $12.0 million in 2024, then slumped by 58.33% to $5.0 million in 2025, then surged 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 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 109.00 Mn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 45.00 Mn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 110.00 Mn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | - |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | - |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 430,000.00 |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | -316,475.27 |
| 10 | Devon Energy | 27.08 Bn | 27.08 Bn | 3.61 Bn | 25.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |