DVN Q2 2023 Earnings — Devon Energy Corporation Revenue & Financial Results | Market Cap Arena

DVNDevon Energy Corporation

$28B

Q2 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$3.5B-44.3% YoY

Gross Profit

$1.1B30.8% margin

Operating Income

$983M28.1% margin

Net Income

$690M19.8% margin

EPS (Diluted)

$1.08

QoQ Revenue Growth

-7.1%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$308M

Stock-Based Comp.

$25M

Balance Sheet

Total Assets

$23.4B

Total Liabilities

$12.2B

Stockholders' Equity

$11.0B

Cash & Equivalents

$372M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.5B	$6.3B	-44.3%
Gross Profit	$1.1B	$3.3B	-67.4%
Operating Income	$983M	$3.2B	-69.4%
Net Income	$690M	$1.9B	-64.3%