Devon Energy Corp. Stock
Pros and Cons of Devon Energy Corp. in the next few years
Pros
Cons
Performance of Devon Energy Corp. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Devon Energy Corp. | -1.370% | 1.480% | 8.425% | 1.093% | 18.088% | 180.572% | 58.314% |
| Occidental Petroleum Corp. | 0.780% | 1.966% | 6.247% | 13.184% | 16.305% | 210.604% | 12.062% |
| Diamondback Energy | -0.540% | 2.944% | 6.441% | 51.936% | 37.127% | 206.819% | 92.827% |
| Pioneer Natural Resources | -0.080% | 1.826% | 7.616% | 26.455% | 25.711% | 111.942% | 64.013% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Devon Energy (DVN), an established player in the Oil & Gas industry, presents an interesting study upon the examination of its financials. Their balance sheets reveal a steady growth in assets over the past three years, indicating stable performance and possibly effective management.
From 2020 to 2022, DVN's total assets jumped from $9.91 billion to $23.72 billion, showing a significant increase in annual assets. This suggests that the company has been making careful investments that are yielding returns. Alongside this growth, total liabilities also expanded but at a slower rate. Consequently, stockholder equity increased from $2.88 billion in 2020 to $11.16 billion in 2022. This substantial growth signifies a profitable period for investors.
The cash flow statements display a strengthening cash position, with an increase in total cash from operating activities and expanding free cash flow. The income statements confirm the positive picture painted by these figures, with DVN expanding its net income from a loss in 2020 to profits in the subsequent years.
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