Devon Energy DVN
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Devon Energy (DVN) Business Model and Operations Summary
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
Key Insights
Devon Energy (DVN) Core Market Data and Business Metrics
Latest Closing Price
$37.57Market Cap
$24.28 BillionPrice-Earnings Ratio
8.24Total Outstanding Shares
649 Million SharesTotal Employees
2,300Dividend
$0.24 Per Share QuarterlyIPO Date
September 30, 1988SIC Description
Crude Petroleum & Natural GasPrimary Exchange
New York Stock ExchangeHeadquarters
333 W. Sheridan Avenue, Oklahoma City, OK, 73102
Historical Stock Splits
If you bought 1 share of DVN before November 16, 2004, you'd have 2 shares today.
| Execution Date | Split Amount |
|---|---|
| November 16, 2004 | 2-for-1 |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Financing Activities, Continuing | $706 Million |
| Net Cash Flow | $-29 Million |
| Exchange Gains/Losses | $-3 Million |
| Net Cash Flow From Investing Activities, Continuing | $-7.33 Billion |
| Net Cash Flow From Financing Activities | $706 Million |
| Net Cash Flow From Operating Activities, Continuing | $6.60 Billion |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Income Tax Expense/Benefit | $770 Million |
| Common Stock Dividends | $1.45 |
| Diluted Average Shares | $634 Million |
| Costs And Expenses | $12.23 Billion |
| Operating Expenses | $13.00 Billion |
| Net Income/Loss Attributable To Noncontrolling Interest | $51 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Parent | $2.89 Billion |
| Other Comprehensive Income/Loss | $2 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $51 Million |
| Comprehensive Income/Loss | $2.94 Billion |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Other Current Assets | $3.13 Billion |
| Liabilities | $15.79 Billion |
| Current Liabilities | $3.31 Billion |
| Other Non-current Assets | $2.05 Billion |
| Other Non-current Liabilities | $3.59 Billion |
| Equity Attributable To Parent | $14.50 Billion |
Historical Dividends
Current dividend: $0.24 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 18, 2025 | Mar 31, 2025 | Mar 14, 2025 | $0.24 | Quarterly |
| Nov 5, 2024 | Dec 30, 2024 | Dec 13, 2024 | $0.22 | Quarterly |
| Aug 6, 2024 | Sep 30, 2024 | Sep 13, 2024 | $0.22 | Quarterly |
| Aug 6, 2024 | Sep 30, 2024 | Sep 13, 2024 | $0.22 | Quarterly |
| May 1, 2024 | Jun 28, 2024 | Jun 14, 2024 | $0.22 | Quarterly |
| Feb 27, 2024 | Mar 28, 2024 | Mar 15, 2024 | $0.22 | Quarterly |