Devon Energy Corporation (DVN) — 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 balance sheet independence to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Devon Energy Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Devon Energy Corporation's Capital Reinvestment Ratio across 37 annual periods. Check DVN total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Devon Energy Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for Devon Energy Corporation from 1989 to 2025. For live market cap and broader valuation context, see Devon Energy Corporation (DVN) total market value.
| 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 | — |