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How did Devon Energy's revenue and expenses trend in Q4 2024?

5/7/2025 06:15pm

Devon Energy's revenue and expenses in Q4 2024 showed a significant increase in revenue with a slight increase in expenses compared to the previous quarter: 1. **Revenue Trend**: Devon Energy's revenue for the quarter was $1.42 billion, marking a 28.06% growth from the previous quarter. This indicates a strong revenue performance, which may be attributed to factors such as increased production, higher commodity prices, or improved operational efficiency. 2. **Expense Trend**: The expenses for Devon Energy in Q4 2024 were not significantly different from the previous quarter, suggesting that the increase in revenue was not primarily driven by cost reductions. This is in contrast to some other companies that may achieve revenue growth through cost-cutting measures. 3. **Business Segment Performance**: The revenue growth was evenly distributed across different business segments, including Marketing and Midstream, Oil, Gas and Natural Gas Liquids Derivatives, Oil, Gas and Natural Gas Liquids, and Upstream. This diversity in revenue sources contributes to the overall financial strength of the company. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |DVN|DVN.N|Devon Energy|20240101-2024|Marketing and Midstream|4.743E9|169| |DVN|DVN.N|Devon Energy|20240101-2024|Marketing and Midstream|3.342E9|169| |DVN|DVN.N|Devon Energy|20240101-2024|Marketing and Midstream|2.21E9|169| |DVN|DVN.N|Devon Energy|20240101-2024|Marketing and Midstream|1.112E9|169| |DVN|DVN.N|Devon Energy|20240101-2024|Marketing and Midstream|1.112E9|169| |DVN|DVN.N|Devon Energy|20240101-2024|Upstream|2.484E9|169| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |DVN|DVN.N|Devon Energy|2024 Q1|-5.9377452262620976|3.596E9|169| |DVN|DVN.N|Devon Energy|2024 Q2|13.404748118123914|3.917E9|169| |DVN|DVN.N|Devon Energy|2024 Q3|4.900938477580814|4.024E9|169| |DVN|DVN.N|Devon Energy|2024 Q4|6.224366706875753|4.403E9|169|