Capital Expenditures for Devon Energy (DVN)
According to Devon Energy's latest reported financial statements, the company's current capital expenditures (TTM) is $3.70B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
DVN
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.70B
YoY change
-51.8%
5Y CAGR
+25.3%
Peak year (2014)
$13.45B
Cumulative capital expenditures
$132.39B
CapEx history chart for Devon Energy (DVN) from 1989 to 2025
CapEx history table for Devon Energy (DVN) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.59B | -51.8% | ||
| 2024 | $7.45B | +88.8% | ||
| 2023 | $3.95B | -23.0% | ||
| 2022 | $5.13B | +155.4% | ||
| 2021 | $2.01B | +72.9% | ||
| 2020 | $1.16B | -40.2% | ||
| 2019 | $1.94B | -22.5% | ||
| 2018 | $2.51B | -10.7% | ||
| 2017 | $2.81B | -29.4% | ||
| 2016 | $3.97B | -38.1% | ||
| 2015 | $6.42B | -52.3% | ||
| 2014 | $13.45B | +99.0% | ||
| 2013 | $6.76B | -17.8% | ||
| 2012 | $8.22B | +9.2% | ||
| 2011 | $7.53B | +16.3% | ||
| 2010 | $6.48B | +32.7% | ||
| 2009 | $4.88B | -48.0% | ||
| 2008 | $9.38B | +52.2% | ||
| 2007 | $6.16B | -18.4% | ||
| 2006 | $7.55B | +84.6% | ||
| 2005 | $4.09B | +31.8% | ||
| 2004 | $3.10B | +19.9% | ||
| 2003 | $2.59B | -24.5% | ||
| 2002 | $3.43B | -35.7% | ||
| 2001 | $5.33B | +316.1% | ||
| 2000 | $1.28B | +285.6% | ||
| 1999 | $332.00M | -11.6% | ||
| 1998 | $375.50M | +187.7% | ||
| 1997 | $130.50M | +32.0% | ||
| 1996 | $98.90M | -15.9% | ||
| 1995 | $117.60M | +230.3% | ||
| 1994 | $35.60M | -58.4% | ||
| 1993 | $85.60M | +438.4% | ||
| 1992 | $15.90M | +32.5% | ||
| 1991 | $12.00M | -61.2% | ||
| 1990 | $30.90M | +91.9% | ||
| 1989 | $16.10M | — |
CapEx values are taken from Devon Energy's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Devon Energy (DVN) came in at $3.59B – plunged 51.8% year-over-year.
Devon Energy capital expenditures has recorded the values shown across consecutive periods, with a +25.3% compound annual growth rate over 2020–2025 (5 years).
Devon Energy capital expenditures peaked at $13.45B in 2014; the latest annual figure is $3.59B in 2025 (73.3% below peak).
Across the available history, capital expenditures reached its high of $13.45B in 2014 and its low of $12.00M in 1991.
Devon Energy (DVN) sits 6th of 8 Energy peers we track on this metric, against a peer median of $5.50B.
Devon Energy Capital Expenditures by Year
Devon Energy Capital Expenditures 2025: $3.59B
Devon Energy capital expenditures in 2025 was $3.59B, plunged 51.8% below 2024.
Devon Energy Capital Expenditures 2024: $7.45B
Devon Energy capital expenditures in 2024 was $7.45B, surged 88.8% from 2023.
Devon Energy Capital Expenditures 2023: $3.95B
Devon Energy capital expenditures in 2023 was $3.95B, declined 23.0% below 2022.
Devon Energy Capital Expenditures 2022: $5.13B
Devon Energy capital expenditures in 2022 was $5.13B, surged 155.4% from 2021.
Devon Energy Capital Expenditures 2021: $2.01B
Devon Energy capital expenditures in 2021 was $2.01B.
See more financial history for Devon Energy (DVN).
Sector peers — CapEx
Companies in the same sector as Devon Energy, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is Devon Energy's capital expenditures?
- Latest reported capital expenditures for Devon Energy (DVN) is $3.70B (period ending December 31, 2025).
How has Devon Energy capital expenditures changed year-over-year?
- Devon Energy (DVN) capital expenditures changed -51.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Devon Energy capital expenditures?
- Devon Energy (DVN) capital expenditures compound annual growth rate is +25.3% over the most recent 5 years available.
When did Devon Energy capital expenditures hit its highest annual value?
- Devon Energy capital expenditures reached its highest annual value of $13.45B in 2014.
What was Devon Energy capital expenditures in 2024?
- Devon Energy (DVN) capital expenditures in 2024 was $7.45B.
What was Devon Energy capital expenditures in 2025?
- Devon Energy (DVN) capital expenditures in 2025 was $3.59B.
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