DEVON ENERGY CORPDE

For the period ended Mar 31, 2025. Filed May 7, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 7, 2025

DVN$42.40+0.5%Stored close · as of Nov 9, 2026

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Consolidated Statements of Comprehensive Earnings

	Three Months Ended March 31,
	2025	2024
(Unaudited)
Oil, gas and NGL sales	$3,126	$2,629
Oil, gas and NGL derivatives	(98)	(145)
Marketing and midstream revenues	1,424	1,112
Total revenues	4,452	3,596
Production expenses	912	751
Exploration expenses	10	9
Marketing and midstream expenses	1,436	1,133
Depreciation, depletion and amortization	912	722
Asset impairments	254	—
Asset dispositions	2	1
General and administrative expenses	130	114
Financing costs, net	123	76
Other, net	27	22
Total expenses	3,806	2,828
Earnings before income taxes	646	768
Income tax expense	137	159
Net earnings	509	609
Net earnings attributable to noncontrolling interests	15	13
Net earnings attributable to Devon	$494	$596
Net earnings per share:
Basic net earnings per share	$0.77	$0.95
Diluted net earnings per share	$0.77	$0.94
Comprehensive earnings:
Net earnings	$509	$609
Other comprehensive earnings, net of tax:
Pension and postretirement plans	1	1
Other comprehensive earnings, net of tax	1	1
Comprehensive earnings:	510	610
Comprehensive earnings attributable to noncontrolling interests	15	13
Comprehensive earnings attributable to Devon	$495	$597

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