Devon Energy (DVN) Revenue — Quarter Ended Dec 31, 2023
Revenue declined in the reported quarter compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a sustained downward trend over the trailing twelve months.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue declined in the reported quarter compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a sustained downward trend over the trailing twelve months.
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
-5.2%
Change from the immediately preceding quarter.
Year-over-year
-12.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.1B
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 |
|---|---|---|
| Mar 31, 2023 | $3.8B | -16.4% |
| Jun 30, 2023 | $3.5B | -39.1% |
| Sep 30, 2023 | $4B | -22.3% |
| Dec 31, 2023 | $3.8B | -12.2% |
Revenue performance
Revenue for the quarter was lower than the prior quarter, marking a continued decline from the same period a year ago.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Compared to the same quarter one year earlier, revenue also decreased.
What to watch
Revenue has declined on a year-over-year basis for each of the last four quarters.