Why DVN beats the market
Up 67% in a year while the S&P 500 rose 12%.
- Oil (WTI) went from $60.97 on Oct 28, 2025 to $103.37 a barrel on Oct 27, 2026 (EIA spot price).
DVN's Quality Score fell 5 points on Mon, Nov 2, to 4.
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Up 67% in a year while the S&P 500 rose 12%.
| Holding it back | Sales down 10% |
| Latest filing | 10-Q, Aug 5 |
TodayOil and tanker stocks fell together: “Oil Prices Slide And Energy Stocks Follow Lower”
Fri Nov 6: Q3 2026 Earnings Conference CallDate confirmed.
After its last 4 reports it closed -3.0% on average, higher 2 of 4 times.
Below Averagefor quality, not price, 3 of 14 chart checks firingWhat the Quality Score means
DVN is #53 of 88 by Quality Score.
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Share count against a year before: DVN +48%, FANG -3.7%, EOG -3.1%, MTDR -0.2%.
Reports Thu Nov 5, after the close (in 3 days). Confirmed.
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
The figures are not read from the release yet.
“This positive variance was primarily attributable to timing and effective cost management.”
DVN's results filing gives no sales by line in a table we read.
| Measure | Figure |
|---|---|
| Total production | between 1,660,000 and 1,690,000 Boe per day |
“This positive result was driven by better-than-expected well performance, primarily in the Delaware Basin.”
From its results filing (SEC filing · Aug 4)
Sales grew 29% a year over 5 years, fiscal 2020 to 2025.
Pays $1.28 a share a year.
| Reported | Gap | Reaction | 5 sessions |
|---|---|---|---|
| Aug 4, 2026 | -0.6% | -4.5% | +3.1% |
| May 5, 2026 | -6.8% | -8.6% | -8.3% |
| Feb 17, 2026 | +1.0% | +0.9% | -1.7% |
Sales grew in four of the last seven years, to $17B in 2025. It made a profit in six of the eight years.
Its dividends come to 30% of its free cash flow.
| Dividend | $1.28 a share a year |
| Paid out | About $1.4B a year |
| Free cash flow | $4.7B |
| Record | Raised each of the last 5 years |
One insider bought $200K across 1 filing, and 4 insiders sold $5.6M across 4 filings, in the last 6 months. The newest:
13 trades disclosed in the last six months. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: DVN is 1.4% of SCHD, 0.2% of VYM, and under 0.1% of SPYI, the most of the 24 funds Breakaway covers, by each fund's latest filing, Jun 30 to Aug 31, 2026.
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two-thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko and Bakken basins. After the merger with Coterra, it will have a foothold in the gas-driven Appalachian Basin as well. At the end of 2025, Devon reported net proved reserves of 2.4 billion barrels of oil equivalent, up from 2.2 billion in 2024. Net production averaged roughly 840,000 barrels of oil equivalent per day in 2025 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
DVN scores 4 today, which Breakaway calls Below Average. It is #53 of 88 in Oil & Gas by Quality Score, with 3 of 14 chart checks firing. Up 67% in a year while the S&P 500 rose 12%. Shares: 47.6% more than a year ago (to Jun 30). Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
DVN scores 4 today, which Breakaway calls Below Average (0 to 5). That is #53 of 88 in Oil & Gas by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind DVN's 4.
One insider bought $200K across 1 filing, and 4 insiders sold $5.6M across 4 filings, in the last 6 months. The newest is Robert Ferrall Lowe III, EVP Exploration & Production, who sold $344K on Sep 14. Every filing, with the scored weight, for Pro members.
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