Devon Energy (DVN) 10-K Summary — Year Ended Dec 31, 2023
The filing covers the company's latest annual results. Revenue declined from the prior year, while net income and operating cash flow were reported.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
The filing covers the company's latest annual results. Revenue declined from the prior year, while net income and operating cash flow were reported.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$15.1B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$3.7B
Net income reported for the year.
Operating cash flow
$6.5B
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, 2021 | $13.8B | n/a |
| Dec 31, 2022 | $19.8B | +44.2% |
| Dec 31, 2023 | $15.1B | -23.6% |
Business overview
The supplied filing context does not include a description of the company's business. No information on operations or segments is available.
Financial performance
Revenue for the most recent period decreased compared to the previous year. Net income and operating cash flow were reported for the period. The trend shows a reversal from a prior increase.
Material risks
The filing references risk factors in Item 1A, but the specific text is not provided in the supplied JSON. No material risks can be identified from the available data.
Liquidity and capital
The company reported operating cash flow from the period. No additional capital allocation themes are discussed in the supplied context.
What to watch
Readers should monitor whether the revenue decline continues in the next filing.