Devon Energy (DVN) Return on Capital Employed [ROCE] (2009 - 2026)
Devon Energy (DVN) posted Return on Capital Employed [ROCE] of -3.03% for Q2 2026, up 2.53 percentage points from -5.56% a year earlier and up 4.50 percentage points from the prior quarter.
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Analysis
Devon Energy (DVN) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Devon Energy's Return on Capital Employed [ROCE] came in at -8.05%, down 3.58 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has declined for three consecutive years, though with a five-year change of +41.14 percentage points (FY2020 to FY2025).
- In prior years, Devon Energy's Return on Capital Employed [ROCE] was -4.47% in FY2024 (-5.49 pp), 1.02% in FY2023 (-12.91 pp), 13.93% in FY2022 (+12.28 pp) and 1.65% in FY2021 (+50.84 pp).
- The Q2 2026 figure stands as the highest quarterly Return on Capital Employed [ROCE] since Q3 2024.
- On a year-over-year basis, Return on Capital Employed [ROCE] increased in 1 of the last eight quarters, with an average year-over-year change of -3.60 percentage points.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q4 2021, with a gain of 54.77 percentage points; the weakest was Q4 2023, with a drop of 12.99 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was -7.53% (Q1 2026), -7.58% (Q4 2025) and -7.30% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 761.34 Bn | 717.82 Bn | - | 12.28% |
| 2 | Chevron | 456.50 Bn | 428.62 Bn | 33.45 Bn | -29.93% |
| 3 | Shell | 319.08 Bn | 248.82 Bn | 30.13 Bn | 17.79% |
| 4 | TotalEnergies SE | 204.95 Bn | 85.53 Bn | 61.77 Bn | 39.24% |
| 5 | Conocophillips | 184.15 Bn | 156.86 Bn | 12.81 Bn | 28.17% |
| 6 | Equinor Asa | 126.54 Bn | 40.99 Bn | - | - |
| 7 | Canadian Natural Resources | 115.55 Bn | 112.55 Bn | 8.84 Bn | - |
| 8 | Phillips 66 | 114.77 Bn | 102.56 Bn | 8.38 Bn | -190.97% |
| 9 | Suncor Energy | 96.65 Bn | 82.40 Bn | - | 2.07% |
| 10 | Devon Energy | 48.04 Bn | 48.04 Bn | 5.54 Bn | -3.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.03% |
| Mar 31, 2026 | -7.53% |
| Dec 31, 2025 | -7.58% |
| Sep 30, 2025 | -7.30% |
| Jun 30, 2025 | -5.56% |
| Mar 31, 2025 | -5.19% |
| Dec 31, 2024 | -3.45% |
| Sep 30, 2024 | -0.98% |
| Jun 30, 2024 | -0.23% |
| Mar 31, 2024 | -0.28% |
| Dec 31, 2023 | 1.30% |
| Sep 30, 2023 | 2.55% |
| Jun 30, 2023 | 6.54% |
| Mar 31, 2023 | 11.75% |
| Dec 31, 2022 | 14.28% |
| Sep 30, 2022 | 14.56% |
| Jun 30, 2022 | 11.39% |
| Mar 31, 2022 | 6.64% |
| Dec 31, 2021 | 1.14% |
| Sep 30, 2021 | -5.27% |
API Access
Devon Energy Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=DVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=DVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();