DEVON ENERGY CORP/DE

For the period ended Mar 31, 2026. Filed May 6, 2026.

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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, 2026 · Filed May 6, 2026

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,
	2026	2025
(Unaudited)
Oil, gas and NGL sales	$2,977	$3,126
Oil, gas and NGL derivatives	(701)	(98)
Marketing and midstream revenues	1,531	1,424
Total revenues	3,807	4,452
Production expenses	894	912
Exploration expenses	25	10
Marketing and midstream expenses	1,547	1,436
Depreciation, depletion and amortization	904	912
Asset impairments	—	254
Asset dispositions	1	2
General and administrative expenses	125	130
Financing costs, net	109	123
Restructuring and transaction costs	19	18
Other, net	17	9
Total expenses	3,641	3,806
Earnings before income taxes	166	646
Income tax expense	46	137
Net earnings	120	509
Net earnings attributable to noncontrolling interests	—	15
Net earnings attributable to Devon	$120	$494
Net earnings per share:
Basic net earnings per share	$0.19	$0.77
Diluted net earnings per share	$0.19	$0.77
Comprehensive earnings:
Net earnings	$120	$509
Other comprehensive earnings, net of tax:
Pension and postretirement plans	1	1
Other comprehensive earnings, net of tax	1	1
Comprehensive earnings:	121	510
Comprehensive earnings attributable to noncontrolling interests	—	15
Comprehensive earnings attributable to Devon	$121	$495

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