Devon Energy (DVN) 10-K Summaries & Annual Filing History
Review Devon Energy Corporation (DVN) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Devon Energy Corporation filed its annual report for the most recent fiscal year. The filing describes the company's business, financial results, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$16.8B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$2.6B
Net income reported for the year.
Operating cash flow
$6.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $19.8B | +44.2% |
| Dec 31, 2023 | $15.1B | -23.6% |
| Dec 31, 2024 | $15.9B | +5.1% |
| Dec 31, 2025 | $16.8B | +5.4% |
Business overview
Devon Energy is an independent energy company focused on oil and natural gas exploration and production. The company's operations are primarily concentrated in the United States, with a portfolio of assets in key basins. The filing does not provide further details on specific business segments or strategies.
Financial performance
Revenue for the reported year increased compared to the prior year, following a pattern of fluctuation over recent periods. Net income and operating cash flow were both positive, indicating the company generated profits and cash from operations. The filing does not disclose operating income.
Material risks
The filing identifies risk factors in Item 1A, which are discussed on page 16. These risks are not detailed in the supplied context, but the presence of this section indicates the company faces uncertainties typical of the energy industry. No specific risk descriptions are available from the provided data.
Liquidity and capital
The filing includes management's discussion and analysis of financial condition and results of operations in Item 7, starting on page 31. No specific capital allocation or liquidity themes are described in the supplied context beyond the general financial metrics.
What to watch
Readers should monitor any changes in revenue trends or operating cash flow in the next filing, as these metrics have shown variability in recent periods.