Devon Energy (DVN) Revenue — Quarter Ended Sep 30, 2023
Revenue for the reported quarter was up compared with the immediately preceding quarter. However, revenue was down compared with the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the reported quarter was up compared with the immediately preceding quarter. However, revenue was down compared with the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
+14.2%
Change from the immediately preceding quarter.
Year-over-year
-22.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.7B
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 |
|---|---|---|
| Dec 31, 2022 | $4.4B | +2.4% |
| Mar 31, 2023 | $3.8B | -16.4% |
| Jun 30, 2023 | $3.5B | -39.1% |
| Sep 30, 2023 | $4B | -22.3% |
Revenue performance
The sequential increase in revenue indicates a rebound from the prior quarter's decline. The year-over-year decrease reflects a lower level than the same period in the prior year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. Compared with the same quarter one year earlier, revenue fell.
What to watch
The available filing context does not provide additional insights beyond the revenue comparisons.