Devon Energy Corporation Capital Reinvestment Ratio
Devon Energy Corporation capital reinvestment ratio. Devon Energy Corporation (DVN) has a Capital Reinvestment Ratio of 0.62x as of March 2026, meaning it reinvests 1% of its operating cash flow ($1.66 Billion) in capital expenditures ($1.03 Billion). See Devon Energy Corporation free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Devon Energy Corporation (1989–2025)
Capital reinvestment ratio of Devon Energy Corporation from 1989 to 2025. This chart tracks Devon Energy Corporation's Capital Reinvestment Ratio across 37 annual periods. See financial agility of Devon Energy Corporation to measure the company's free cash flow as a share of total liabilities.
Devon Energy Corporation Capital Reinvestment Ratio by Year (1989–2025)
Devon Energy Corporation capital reinvestment ratio by year from 1989 to 2025. For the full cash flow conversion analysis, see DVN cash flow metrics.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.54x | $6.71 Billion | $3.59 Billion | ▼ -52.6% |
| 2024 | 1.13x | $6.60 Billion | $7.45 Billion | ▲ +87.2% |
| 2023 | 0.60x | $6.54 Billion | $3.95 Billion | ▲ +0.4% |
| 2022 | 0.60x | $8.53 Billion | $5.12 Billion | ▲ +46.7% |
| 2021 | 0.41x | $4.90 Billion | $2.01 Billion | ▼ -52.2% |
| 2020 | 0.86x | $1.35 Billion | $1.16 Billion | ▼ -8.5% |
| 2019 | 0.94x | $2.07 Billion | $1.94 Billion | ▲ +1.1% |
| 2018 | 0.93x | $2.70 Billion | $2.51 Billion | ▼ -3.9% |
| 2017 | 0.96x | $2.91 Billion | $2.81 Billion | ▼ -57.6% |
| 2016 | 2.27x | $1.75 Billion | $3.97 Billion | ▲ +90.8% |
| 2015 | 1.19x | $5.38 Billion | $6.42 Billion | ▼ -47.0% |
| 2014 | 2.25x | $5.98 Billion | $13.45 Billion | ▲ +80.9% |
| 2013 | 1.24x | $5.44 Billion | $6.76 Billion | ▼ -25.1% |
| 2012 | 1.66x | $4.96 Billion | $8.22 Billion | ▲ +37.1% |
| 2011 | 1.21x | $6.22 Billion | $7.53 Billion | ▲ +2.4% |
| 2010 | 1.18x | $5.48 Billion | $6.48 Billion | ▲ +14.8% |
| 2009 | 1.03x | $4.74 Billion | $4.88 Billion | ▲ +3.4% |
| 2008 | 1.00x | $9.41 Billion | $9.38 Billion | ▲ +7.6% |
| 2007 | 0.93x | $6.65 Billion | $6.16 Billion | ▼ -26.5% |
| 2006 | 1.26x | $5.99 Billion | $7.55 Billion | ▲ +72.9% |
| 2005 | 0.73x | $5.61 Billion | $4.09 Billion | ▲ +13.1% |
| 2004 | 0.64x | $4.82 Billion | $3.10 Billion | ▼ -6.2% |
| 2003 | 0.69x | $3.77 Billion | $2.59 Billion | ▼ -64.8% |
| 2002 | 1.95x | $1.75 Billion | $3.43 Billion | ▼ -30.8% |
| 2001 | 2.82x | $1.89 Billion | $5.33 Billion | ▲ +257.2% |
| 2000 | 0.79x | $1.62 Billion | $1.28 Billion | ▼ -51.0% |
| 1999 | 1.61x | $205.60 Million | $332.00 Million | ▼ -17.6% |
| 1998 | 1.96x | $191.60 Million | $375.50 Million | ▲ +153.3% |
| 1997 | 0.77x | $168.70 Million | $130.50 Million | ▼ -32.1% |
| 1996 | 1.14x | $86.80 Million | $98.90 Million | ▼ -40.6% |
| 1995 | 1.92x | $61.30 Million | $117.60 Million | ▲ +150.0% |
| 1994 | 0.77x | $46.40 Million | $35.60 Million | ▼ -42.6% |
| 1993 | 1.34x | $64.00 Million | $85.60 Million | ▲ +156.6% |
| 1992 | 0.52x | $30.50 Million | $15.90 Million | ▼ -59.6% |
| 1991 | 1.29x | $9.30 Million | $12.00 Million | ▼ -42.8% |
| 1990 | 2.26x | $13.70 Million | $30.90 Million | ▼ -7.5% |
| 1989 | 2.44x | $6.60 Million | $16.10 Million | — |