DVN
Devon Energy (DVN)
NYSE
$43.12-$0.61 (-1.41%)
Price as of Jul 14, 2026 2:08 PM EDT
  • $50.4B
    Market Cap
  • 35.14%
    1-Year Change
  • Oil & Gas E&P
    Industry

Key Performance

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  • Earnings Score: N/A
  • Momentum Score: 60
  • True Yield: 29
  • Financial Health Score: N/A
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Latest Research & News

Oil is Starting to Flow Out of the Strait of Hormuz Again. Should You Still Buy Oil Stocks?

Following geopolitical tensions in the Middle East that temporarily spiked oil prices, the market has cooled and prices have returned to pre-conflict levels. Despite this, major oil companies warn that prices don't reflect true industry fundamentals. The article argues that oil and natural gas remain vital to the global economy and recommends integrated energy companies like ExxonMobil and Chevron over pure-play drillers due to their diversification across the energy value chain, geographic spread, conservative leverage, and decades of dividend growth.

07/04/2026, 9:15 AM • The Motley Fool

Devon Announces Expiration and Final Results of its Private Exchange Offers and Consent Solicitations

Devon Energy Corporation announced the final results of its exchange offers for Coterra Energy's outstanding notes. The company successfully exchanged approximately $2.98 billion in aggregate principal amount of Existing Coterra Notes for new Devon Notes and cash, with settlement expected on June 25, 2026. The exchange offers achieved strong participation rates across all note series, ranging from 65.76% to 97.89%.

06/24/2026, 6:55 AM • GlobeNewswire

Prediction: Oil Will Hit $60 a Barrel in 2027. Here's How to Invest Now.

The author predicts oil prices will fall to around $60 per barrel by 2027 after the Middle East conflict resolves, though the path there will be volatile. As market fundamentals take over from geopolitical newsflow, oil prices may initially dip when the Strait of Hormuz reopens, then rise again as global reserves need replenishment. The author recommends conservative exposure through diversified energy giants rather than timing volatile commodity prices.

06/19/2026, 8:15 PM • The Motley Fool

Battalion Oil (BATL) Stock Soars 57% Intraday, Adds 16% After Hours As Fresh US-Iran Tensions Highlight Analyst's 2.5x Oil Beta Call

Battalion Oil Corp. (BATL) surged 57.25% intraday and gained an additional 16.44% in after-hours trading on Wednesday, driven by escalating US-Iran tensions. Iran's retaliatory strikes on U.S. military bases sparked concerns about potential supply disruptions, boosting sentiment toward upstream oil producers. The stock traded at 30x normal volume (199.66 million shares), with analysts noting that small-cap oil producers like Battalion have oil betas of 1.5x-2.5x, making them highly sensitive to oil price movements.

06/10/2026, 11:54 PM • Benzinga

Oil Jumps On Iran Strikes, Nasdaq 100 Falls On Hot Inflation: Stock Market Today

U.S. stocks fell broadly on Wednesday as inflation surged to 4.2% year-over-year and renewed U.S.-Iran tensions in the Strait of Hormuz drove oil prices up 3.3%. Technology stocks led losses amid valuation concerns, while energy stocks rallied. The Nasdaq 100 dropped 1.4%, the S&P 500 fell 0.9%, and the Dow declined 1.2%. Fed rate-hike odds increased following the inflation data.

06/10/2026, 1:13 PM • Benzinga

Devon Energy Provides Updated 2026 Outlook

Devon Energy announced its combined company outlook following the completion of its merger with Coterra Energy. The company expects 2026 production of 1.380 million barrels of oil equivalent per day with $4.9 billion in capital spending, primarily focused on the Permian Basin. Devon targets returning up to 70% of free cash flow to shareholders through dividends and share repurchases, while planning to retire $1.25 billion in debt and capture $600 million in synergies by 2027.

06/09/2026, 4:55 PM • GlobeNewswire

Oil Stocks Are Spiking on the News That U.S.-Iran Peace Talks Have Crumbled. Here's What Investors Need to Know.

U.S.-Iran peace talks have collapsed, causing oil prices to spike amid Middle East geopolitical tensions. While energy sector volatility is typical, investors should adopt a cautious approach. Diversified energy giants like ExxonMobil and Chevron, or midstream operators like Enterprise Products Partners and Enbridge, offer safer exposure to energy markets with stable dividends.

06/03/2026, 10:23 AM • The Motley Fool

Shell vs. BP: Better Oil Stock for the Iran War?

Shell and BP, both major integrated energy companies with Middle East operations, face disruptions from the geopolitical conflict. While BP's stock has outperformed (up 22% vs Shell's 15% in 2026), Shell offers better financial stability with a debt-to-equity ratio of 0.4x compared to BP's concerning 1.3x. BP also faces leadership instability with three CEOs in three years. For long-term investors seeking to avoid Middle East exposure, alternatives like Devon Energy or Enterprise Products Partners are recommended.

05/27/2026, 10:15 PM • The Motley Fool

Chevron Produces 3 Million Barrels a Day, and Its CEO Says Supply Buffers Are Running Out. Is It Time to Buy?

Chevron CEO Mike Wirth warns that global energy supply buffers are depleting due to Middle East geopolitical conflicts, potentially keeping oil prices elevated. While short-term energy prices may rise, the article recommends Chevron over pure-play energy producers like Devon Energy for long-term investors due to its diversified business model (upstream, midstream, downstream), strong balance sheet, and decades-long dividend growth streak that can weather energy price volatility.

05/24/2026, 8:15 PM • The Motley Fool

Don't Expect Oil Prices to Drop Until 2027. Here Are 2 Stocks to Buy for This Exact Scenario.

ExxonMobil CEO warns that Middle East geopolitical conflicts will keep energy prices elevated until 2027. The article recommends Devon Energy and Diamondback Energy as upstream oil and gas producers positioned to benefit from sustained high oil prices, with the added advantage of U.S.-based operations avoiding geopolitical risks.

05/23/2026, 2:15 PM • The Motley Fool

Here Are My Top 3 Oil Stocks Right Now

The author recommends three integrated energy companies—ExxonMobil, Chevron, and TotalEnergies—as top oil stock picks for long-term investors. Unlike upstream-focused producers, these integrated energy giants operate across the entire value chain (upstream, midstream, and downstream), providing better protection against oil price volatility. Chevron offers the highest dividend yield at 3.7%, while TotalEnergies stands out for its aggressive clean energy diversification strategy.

05/23/2026, 10:15 AM • The Motley Fool

Devon Energy Enhances Permian Inventory in Federal Lease Sale

Devon Energy successfully acquired 16,300 net undeveloped acres in the Delaware Basin for approximately $2.6 billion ($161,500 per net acre) through a BLM Oil and Gas Lease Sale. The acquisition adds ~400 net locations with favorable federal lease terms (87.5% NRI), contiguous positioning for longer laterals, and strong well economics. The deal is expected to be funded with cash on hand while maintaining Devon's strong credit profile and $8 billion share repurchase program.

05/21/2026, 6:55 AM • Benzinga

Oil Could Drop Fast If the Iran Talks Succeed. Here's How to Hedge Your Energy Portfolio.

Successful Iran-U.S. negotiations could lead to a swift decline in oil prices. The article recommends upstream producers like Devon Energy for direct oil exposure, integrated energy companies like Chevron for softer downside protection, and midstream businesses like Enterprise Products Partners, Energy Transfer, Kinder Morgan, and Enbridge as the best hedges due to their volume-based revenue models and reliable dividend yields.

05/20/2026, 9:15 AM • The Motley Fool

From High-Yield to High-Growth: 3 Stocks Boosting Dividends

Three major stocks recently increased their dividends, spanning different points on the yield-to-growth spectrum. PepsiCo raised its quarterly dividend by 4% to $1.48 per share with a 4% yield and 54-year dividend increase streak. KLA announced a 21% dividend increase with strong 15% five-year growth but low 0.5% yield, benefiting from AI semiconductor demand. Devon Energy boosted its dividend by 33% to 32 cents per share with a 2.6% yield and announced an $8 billion buyback program, supported by analyst upgrades.

05/19/2026, 2:53 AM • Investing

1 Brilliant Energy Stock to Buy Now and Hold for the Long Term

While geopolitical tensions have boosted oil prices and energy stocks, the author recommends integrated energy giants for long-term stability due to sector volatility. Among Chevron, ExxonMobil, and TotalEnergies, TotalEnergies stands out for its significant clean energy investments (12% of business in 2025), positioning it better for the energy sector's long-term shift toward cleaner sources.

05/17/2026, 9:15 AM • The Motley Fool

Peers

Statistics

More
Day Range
$43.02
$44.01
$43.73
1-Year Range
$31.74
$52.07
$43.73
Latest Close$43.73
Change
+$1.50 (+3.43%)
Volume9,996,551
Market Cap$50.4B
Shares Outstanding1.2B
P/E (TTM)12.08
Diluted EPS (TTM)$3.62
Enterprise Value$65.4B

Information as of 07/13/2026

Company Profile

$50.4B
Market Cap
$2.3B
Net Income
Sector: Energy
Industry: Oil & Gas E&P
Three Memorial City Plaza, Houston, TX, United States, 77024
281-589-4600

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Houston, Texas.

Key Executives

  • Clay Gaspar
  • Jeffrey L. Ritenour
  • Shannon E. Young
  • Dennis C. Cameron
  • Tana K. Cashion

Current Ownership Distribution

  • Institutions8.9B (76.20%)
  • Mutual Funds2.7B (23.21%)
  • Insiders69.2M (0.59%)
  • Other0 (0.00%)