Devon Energy (DVN) Stock Buyback History
TTM buyback yield 2.62% · Shareholder yield (TTM) 2.62%.
DVN
TTM buyback yield
2.62%
Shareholder yield (TTM)
2.62%
5Y share count change
66.8%
TTM buyback spend
$818.00M
SBC coverage (TTM)
17.40x
YoY change in spend
-0.7%
5Y CAGR of spend
+94.2%
Peak year (2018)
$2.96B
Cumulative spend
$17.09B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Devon Energy (DVN) repurchased about $818.00M of stock over the trailing twelve months.
- Diluted share count is up 66.8% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 17.40× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +94.2% per year over the latest 5-year window.
- TTM repurchases used about 39% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $1.05B | $99.00M | $951.00M | 0.63B | 1.0% | 4.62% |
| 2024 | $1.06B | $99.00M | $958.00M | 0.62B | -3.0% | 5.18% |
| 2023 | $979.00M | $93.00M | $886.00M | 0.64B | -1.7% | 3.40% |
| 2022 | $718.00M | $88.00M | $630.00M | 0.65B | -1.8% | 1.79% |
| 2021 | $589.00M | $99.00M | $490.00M | 0.67B | 76.4% | 1.99% |
| 2020 | $38.00M | $88.00M | −$50.00M | 0.38B | -6.0% | 0.63% |
| 2019 | $1.85B | $115.00M | $1.73B | 0.40B | -20.1% | 18.59% |
| 2018 | $2.96B | $161.00M | $2.79B | 0.50B | -4.9% | 28.57% |
| 2017 | $46.00M | $198.00M | −$152.00M | 0.53B | 2.9% | 0.21% |
| 2016 | $0.00 | $194.00M | −$194.00M | 0.51B | 24.5% | — |
| 2015 | $0.00 | $244.00M | −$244.00M | 0.41B | 0.2% | — |
| 2014 | $0.00 | $163.00M | −$163.00M | 0.41B | 1.2% | — |
| 2013 | $0.00 | $97.00M | −$97.00M | 0.41B | 0.5% | — |
| 2012 | $0.00 | $123.00M | −$123.00M | 0.40B | -3.3% | — |
| 2011 | $2.33B | $13.00M | $2.32B | 0.42B | -5.2% | 9.47% |
| 2010 | $1.17B | $16.00M | $1.15B | 0.44B | -1.1% | 3.52% |
| 2009 | $0.00 | $8.00M | −$8.00M | 0.45B | 1.6% | — |
| 2008 | $815.00M | $60.00M | $755.00M | 0.44B | -2.4% | 2.84% |
| 2007 | $326.00M | $44.00M | $282.00M | 0.45B | 0.4% | 0.82% |
| 2006 | $253.00M | $36.00M | $217.00M | 0.45B | -4.7% | 0.85% |
| 2005 | $2.26B | $0.00 | $2.26B | 0.47B | -5.8% | 8.19% |
| 2004 | $189.00M | $0.00 | $189.00M | 0.50B | 15.2% | 1.01% |
| 2003 | $0.00 | $0.00 | $0.00 | 0.43B | 38.8% | — |
| 2002 | $0.00 | $0.00 | $0.00 | 0.31B | 20.0% | — |
| 2001 | $204.00M | $0.00 | $204.00M | 0.26B | -1.5% | 3.57% |
| 2000 | $11.00M | $0.00 | $11.00M | 0.26B | 33.3% | — |
| 1999 | $12.00M | $0.00 | $12.00M | 0.20B | 206.2% | — |
| 1998 | $11.60M | $0.00 | $11.60M | 0.06B | -7.1% | — |
| 1997 | $217.00M | $0.00 | $217.00M | 0.07B | 58.4% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.04B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $2.60M | $0.00 | $2.60M | — | — | — |
| 1993 | $1.90M | $0.00 | $1.90M | — | — | — |
| 1992 | $100.00K | $0.00 | $100.00K | — | — | — |
| 1991 | $600.00K | $0.00 | $600.00K | — | — | — |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Devon Energy (DVN) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Devon Energy (DVN)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Devon Energy (DVN)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.05B | -0.7% | -$7.00M | ||
| 2024 | $1.06B | +8.0% | +$78.00M | ||
| 2023 | $979.00M | +36.4% | +$261.00M | ||
| 2022 | $718.00M | +21.9% | +$129.00M | ||
| 2021 | $589.00M | +1450.0% | +$551.00M | ||
| 2020 | $38.00M | -97.9% | -$1.81B | ||
| 2019 | $1.85B | -37.4% | -$1.11B | ||
| 2018 | $2.96B | +6326.1% | +$2.91B | ||
| 2017 | $46.00M | — | +$46.00M | ||
| 2016 | $0 | — | $0 | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | — | $0 | ||
| 2012 | $0 | -100.0% | -$2.33B | ||
| 2011 | $2.33B | +99.7% | +$1.16B | ||
| 2010 | $1.17B | — | +$1.17B | ||
| 2009 | $0 | -100.0% | -$815.00M | ||
| 2008 | $815.00M | +150.0% | +$489.00M | ||
| 2007 | $326.00M | +28.9% | +$73.00M | ||
| 2006 | $253.00M | -88.8% | -$2.01B | ||
| 2005 | $2.26B | +1097.4% | +$2.07B | ||
| 2004 | $189.00M | — | +$189.00M | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | -100.0% | -$204.00M | ||
| 2001 | $204.00M | +1754.5% | +$193.00M | ||
| 2000 | $11.00M | -8.3% | -$1.00M | ||
| 1999 | $12.00M | +3.4% | +$400,000 | ||
| 1998 | $11.60M | -94.7% | -$205.40M | ||
| 1997 | $217.00M | — | +$217.00M | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | -100.0% | -$2.60M | ||
| 1994 | $2.60M | +36.8% | +$700,000 | ||
| 1993 | $1.90M | +1800.0% | +$1.80M | ||
| 1992 | $100,000 | -83.3% | -$500,000 | ||
| 1991 | $600,000 | — | +$600,000 | ||
| 1990 | $0 | — | $0 | ||
| 1989 | $0 | — | — |
In 2025, Devon Energy (DVN) buyback spend totalled $1.05B – edged down 0.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Devon Energy buyback spend compounded at +94.2% per year, with the latest reading among the more recent periods of the dataset.
Devon Energy buyback spend peaked at $2.96B in 2018; the latest annual figure is $1.05B in 2025 (64.5% below peak).
$2.96B stands as the all-time-high annual buyback spend, posted in 2018, against a low of $0 during 1989.
Among 8 Energy peers, Devon Energy (DVN) ranks 6th; the peer median for buyback spend is $2.49B.
Devon Energy Buyback Spend 2025: $1.05B
Devon Energy buyback spend in 2025 was $1.05B, edged down 0.7% below 2024.
Devon Energy Buyback Spend 2024: $1.06B
Devon Energy buyback spend in 2024 was $1.06B, grew 8.0% from 2023.
Devon Energy Buyback Spend 2023: $979.00M
Devon Energy buyback spend in 2023 was $979.00M, surged 36.4% from 2022.
Devon Energy Buyback Spend 2022: $718.00M
Devon Energy buyback spend in 2022 was $718.00M, grew 21.9% from 2021.
Devon Energy Buyback Spend 2021: $589.00M
Devon Energy buyback spend in 2021 was $589.00M.
See more financial history for Devon Energy (DVN).
Sector peers by buyback spend
Companies in the same sector as Devon Energy, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $20.27B | Energy |
| Chevron (CVX) | $11.86B | Energy |
| ConocoPhillips (COP) | $5.02B | Energy |
| EOG Resources (EOG) | $2.56B | Energy |
| SLB (SLB) | $2.41B | Energy |
| Enbridge (ENB) | $0 | Energy |
| Williams Companies (WMB) | $0 | Energy |
| Kinder Morgan (KMI) | $0 | Energy |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 17.40×.
Capital allocation mix
How Devon Energy splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $2.07B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Devon Energy's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Devon Energy buy back its own stock?
Yes, Devon Energy (DVN) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Devon Energy spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $818.00M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Devon Energy's buyback yield?
TTM buyback yield is about 2.62% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Devon Energy's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 2.62% combined (TTM-based where available).
Is Devon Energy diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Devon Energy's share count changed?
Diluted weighted average shares changed by about 66.8% over roughly five fiscal years (annual income statement data).
What is Devon Energy's buyback spend?
Latest reported buyback spend for Devon Energy (DVN) is $818.00M (period ending March 31, 2026).
How has Devon Energy buyback spend changed year-over-year?
Devon Energy (DVN) buyback spend changed -0.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Devon Energy buyback spend?
Devon Energy (DVN) buyback spend compound annual growth rate is +94.2% over the most recent 5 years available.
When did Devon Energy buyback spend hit its highest annual value?
Devon Energy buyback spend reached its highest annual value of $2.96B in 2018.
What was Devon Energy buyback spend in 2024?
Devon Energy (DVN) buyback spend in 2024 was $1.06B.
What was Devon Energy buyback spend in 2025?
Devon Energy (DVN) buyback spend in 2025 was $1.05B.
Explore more
DVN Overview
Company profile, financial tools, and key metrics
DVN Revenue Counter
Earns $524.58 every second. See per minute, hour, and day.
DVN Earnings Counter
Earns $71.92 per second net profit. See per minute, hour, and day.
DVN Economic Scale
Exceeds Lao PDR's GDP. Compare with world economies.
DVN What If Invested
What if you had invested $1,000? See historical returns from any date.
DVN How It Makes Money
Discover visual breakdown of $16.54B in revenue — where it comes from and where it goes.
DVN Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
DVN Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
DVN Daily Price Character
Explosive · 46.0% historical win rate (green days). Streaks & record days.
DVN Stock Split History
1 split on record. Dates, ratios, and cumulative multiple.
DVN Dividend Profile
Yield: 1.98%. Safety: 4/8. See full history.
DVN Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
DVN Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
DVN Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
DVN Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.