Devon Energy (DVN) Return on Equity [ROE] (2009 - 2026)
Devon Energy (DVN) recorded Return on Equity [ROE] of 11.49% in Q2 2026, down 7.82 percentage points from 19.32% a year earlier and down 3.31 percentage points from the prior quarter.
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Analysis
Devon Energy (DVN) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Devon Energy reported Return on Equity [ROE] of 17.74%, down 4.12 percentage points from FY2024.
- Annual Return on Equity [ROE] has declined for three straight years, though with a five-year change of +77.50 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Equity [ROE] came in at 21.86% in FY2024 (-10.31 pp), 32.17% in FY2023 (-26.17 pp), 58.34% in FY2022 (+12.72 pp) and 45.63% in FY2021 (+105.39 pp).
- The Q2 2026 figure is the lowest quarterly Return on Equity [ROE] since Q2 2021.
- On a year-over-year basis, Return on Equity [ROE] has declined for 13 consecutive quarters, with an average year-over-year change of -7.37 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 117.32 percentage points in Q4 2021, against a drop of 26.40 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 14.81% (Q1 2026), 17.37% (Q4 2025) and 18.09% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 743.20 Bn | 699.68 Bn | - | 12.80% |
| 2 | Chevron | 447.03 Bn | 419.15 Bn | 33.45 Bn | 10.89% |
| 3 | Shell | 310.50 Bn | 240.25 Bn | 30.13 Bn | 10.09% |
| 4 | TotalEnergies SE | 198.52 Bn | 79.10 Bn | 61.77 Bn | 8.91% |
| 5 | Conocophillips | 177.09 Bn | 149.80 Bn | 12.81 Bn | 14.29% |
| 6 | Equinor Asa | 119.58 Bn | 34.03 Bn | - | 20.89% |
| 7 | Phillips 66 | 116.56 Bn | 104.35 Bn | 8.38 Bn | 23.06% |
| 8 | Canadian Natural Resources | 113.43 Bn | 110.44 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 96.25 Bn | 82.00 Bn | - | 29.14% |
| 10 | Devon Energy | 46.72 Bn | 46.72 Bn | 5.54 Bn | 11.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.49% |
| Mar 31, 2026 | 14.81% |
| Dec 31, 2025 | 17.37% |
| Sep 30, 2025 | 18.09% |
| Jun 30, 2025 | 19.32% |
| Mar 31, 2025 | 19.28% |
| Dec 31, 2024 | 20.16% |
| Sep 30, 2024 | 25.36% |
| Jun 30, 2024 | 28.28% |
| Mar 31, 2024 | 27.59% |
| Dec 31, 2023 | 31.52% |
| Sep 30, 2023 | 33.36% |
| Jun 30, 2023 | 43.19% |
| Mar 31, 2023 | 53.98% |
| Dec 31, 2022 | 54.14% |
| Sep 30, 2022 | 59.77% |
| Jun 30, 2022 | 53.80% |
| Mar 31, 2022 | 38.36% |
| Dec 31, 2021 | 30.69% |
| Sep 30, 2021 | 13.90% |
API Access
Devon Energy Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=DVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=DVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();