Devon Energy (DVN) 10-K Summary — Year Ended Dec 31, 2024
Devon Energy Corporation filed its annual report, detailing financial results and risk factors. The filing includes management discussion and analysis of operations.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Devon Energy Corporation filed its annual report, detailing financial results and risk factors. The filing includes management discussion and analysis of operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$15.9B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$2.9B
Net income reported for the year.
Operating cash flow
$6.6B
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% |
| Dec 31, 2024 | $15.9B | +5.1% |
Business overview
Devon Energy Corporation is an independent energy company. Its business activities are described in the Management Discussion and Analysis section of the filing.
Financial performance
Revenue increased compared to the prior year. Net income and operating cash flow were reported at levels reflecting the company's operational performance.
Material risks
The Risk Factors section of the filing outlines material risks that could affect the company's business and financial condition.
Liquidity and capital
The company's operating cash flow provides a source of liquidity to support its capital allocation activities.
What to watch
Monitor the company's revenue trend in the next filing to assess ongoing demand for its products.