Devon Energy (DVN) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter and the same quarter one year earlier. The downward trend continued from the prior period.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to the immediately preceding quarter and the same quarter one year earlier. The downward trend continued from the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
-13.6%
Change from the immediately preceding quarter.
Year-over-year
-16.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $5.8B | +85.8% |
| Sep 30, 2022 | $5.2B | +36.4% |
| Dec 31, 2022 | $4.4B | +2.4% |
| Mar 31, 2023 | $3.8B | -16.4% |
Revenue performance
The reported revenue direction was lower, reflecting a decrease from the previous quarter and a decline from the year-ago period.
Quarterly comparison
Revenue was lower than the immediately preceding quarter and also lower than the same quarter one year earlier.
What to watch
Revenue has decreased for consecutive quarters compared to the prior periods in the trend data.