Buyback yield (TTM)
2.62%
Shareholder yield (TTM)
4.57%
5Y share count change
66.8%
Buyback spend (TTM)
$818.00M
Cumulative buybacks
$17.09B
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.
Dividend & buyback yield over time for Devon Energy (DVN)
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.
Diluted vs basic shares (annual) for Devon Energy (DVN)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Devon Energy (DVN)
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.
Cash buyback spend over time for Devon Energy (DVN)
Latest: $1.05B
Overview
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 mixed annual results across the window.
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 $0.00 during 1989.
Devon Energy Buyback Spend 2025: $1.05B
2025's buyback spend for Devon Energy came in at $1.05B, edged down 0.7% below 2024.
Devon Energy Buyback Spend 2024: $1.06B
Devon Energy posted buyback spend of $1.06B in 2024, grew 8.0% from 2023.
Devon Energy Buyback Spend 2023: $979.00M
In 2023, Devon Energy reported buyback spend of $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).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.05B | $99.00M | $951.00M | 4.62% | 0.63B | +1.0% | |
| 2024 | $1.06B | $99.00M | $958.00M | 5.18% | 0.62B | -3.0% | |
| 2023 | $979.00M | $93.00M | $886.00M | 3.40% | 0.64B | -1.7% | |
| 2022 | $718.00M | $88.00M | $630.00M | 1.79% | 0.65B | -1.8% | |
| 2021 | $589.00M | $99.00M | $490.00M | 1.99% | 0.67B | +76.4% | |
| 2020 | $38.00M | $88.00M | −$50.00M | 0.63% | 0.38B | -6.0% | |
| 2019 | $1.85B | $115.00M | $1.73B | 18.59% | 0.40B | -20.1% | |
| 2018 | $2.96B | $161.00M | $2.79B | 28.57% | 0.50B | -4.9% | |
| 2017 | $46.00M | $198.00M | −$152.00M | 0.21% | 0.53B | +2.9% | |
| 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 | 9.47% | 0.42B | -5.2% | |
| 2010 | $1.17B | $16.00M | $1.15B | 3.52% | 0.44B | -1.1% | |
| 2009 | $0.00 | $8.00M | −$8.00M | — | 0.45B | +1.6% | |
| 2008 | $815.00M | $60.00M | $755.00M | 2.84% | 0.44B | -2.4% | |
| 2007 | $326.00M | $44.00M | $282.00M | 0.82% | 0.45B | +0.4% | |
| 2006 | $253.00M | $36.00M | $217.00M | 0.85% | 0.45B | -4.7% | |
| 2005 | $2.26B | $0.00 | $2.26B | 8.19% | 0.47B | -5.8% | |
| 2004 | $189.00M | $0.00 | $189.00M | 1.01% | 0.50B | +15.2% | |
| 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 | 3.57% | 0.26B | -1.5% | |
| 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 | — | — | — |
- 2025$1.05B
- 2024$1.06B
- 2023$979.00M
- 2022$718.00M
- 2021$589.00M
- 2020$38.00M
- 2019$1.85B
- 2018$2.96B
- 2017$46.00M
- 2016$0.00
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$2.33B
- 2010$1.17B
- 2009$0.00
- 2008$815.00M
- 2007$326.00M
- 2006$253.00M
- 2005$2.26B
- 2004$189.00M
- 2003$0.00
- 2002$0.00
- 2001$204.00M
- 2000$11.00M
- 1999$12.00M
- 1998$11.60M
- 1997$217.00M
- 1996$0.00
- 1995$0.00
- 1994$2.60M
- 1993$1.90M
- 1992$100.00K
- 1991$600.00K
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for Devon Energy (DVN)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 17.40×.
Buybacks vs dividends (share of cash returned) for Devon Energy (DVN)
How Devon Energy splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Devon Energy, ranked by their latest buyback spend.
| $20.27B | |
| $11.86B | |
| $5.02B | |
| $3.49B | |
| $2.60B | |
| $2.41B | |
| $0.00 | |
| $0.00 |
- $20.27B
- $11.86B
- $5.02B
- $3.49B
- $2.60B
- $2.41B
- $0.00
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).
Frequently asked questions
Data & methodology
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