Devon Energy (DVN) Shares Outstanding (Diluted) (2009 - 2026)
Devon Energy's Shares Outstanding (Diluted) came in at 940 million for Q2 2026, up 47.8% from 636 million a year earlier and up 52.1% from the prior quarter.
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Analysis
Devon Energy (DVN) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Devon Energy's Shares Outstanding (Diluted) was 633 million, down 0.2% from FY2024.
- Shares Outstanding (Diluted) has declined in each of the last four years, though with a five-year compound annual growth rate of 10.9% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 634 million in FY2024 (-1.2%), 642 million in FY2023 (-1.7%), 653 million in FY2022 (-1.8%) and 665 million in FY2021 (+76.4%).
- The Q2 2026 figure represents the highest quarterly Shares Outstanding (Diluted) in data going back to Q2 2009.
- Year-over-year, Shares Outstanding (Diluted) increased in four of the last eight quarters, with growth averaging 5.5%.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q3 2021 (growth of 78.5%), and the weakest in Q1 2026 (a decline of 4.2%).
- Business Quant data shows DVN's Shares Outstanding (Diluted) at 618 million (Q1 2026), 633 million (Q4 2025) and 629 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 737.69 Bn | 694.17 Bn | - | 4.42 Bn |
| 2 | Chevron | 445.35 Bn | 417.47 Bn | 33.45 Bn | 1.98 Bn |
| 3 | Shell | 310.40 Bn | 240.15 Bn | 30.13 Bn | 2.97 Bn |
| 4 | TotalEnergies SE | 197.93 Bn | 78.51 Bn | 61.77 Bn | 2.57 Bn |
| 5 | Conocophillips | 176.08 Bn | 148.79 Bn | 12.81 Bn | 1.21 Bn |
| 6 | Equinor Asa | 119.54 Bn | 33.99 Bn | - | 2.60 Bn |
| 7 | Phillips 66 | 113.73 Bn | 101.52 Bn | 8.38 Bn | 402.62 Mn |
| 8 | Canadian Natural Resources | 112.75 Bn | 109.76 Bn | 8.84 Bn | 2.10 Bn |
| 9 | Suncor Energy | 95.59 Bn | 81.34 Bn | - | 1.22 Bn |
| 10 | Devon Energy | 46.35 Bn | 46.35 Bn | 5.54 Bn | 940.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 940.00 Mn |
| Mar 31, 2026 | 618.00 Mn |
| Dec 31, 2025 | 633.00 Mn |
| Sep 30, 2025 | 629.00 Mn |
| Jun 30, 2025 | 636.00 Mn |
| Mar 31, 2025 | 645.00 Mn |
| Dec 31, 2024 | 634.00 Mn |
| Sep 30, 2024 | 623.00 Mn |
| Jun 30, 2024 | 628.00 Mn |
| Mar 31, 2024 | 632.00 Mn |
| Dec 31, 2023 | 642.00 Mn |
| Sep 30, 2023 | 639.00 Mn |
| Jun 30, 2023 | 639.00 Mn |
| Mar 31, 2023 | 647.00 Mn |
| Dec 31, 2022 | 653.00 Mn |
| Sep 30, 2022 | 651.00 Mn |
| Jun 30, 2022 | 654.00 Mn |
| Mar 31, 2022 | 658.00 Mn |
| Dec 31, 2021 | 665.00 Mn |
| Sep 30, 2021 | 673.00 Mn |
API Access
Devon Energy Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=DVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=DVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();