Devon Energy Corporation (DVN) — Cash Flow Reinvestment Rate
Devon Energy Corporation (DVN) has a Cash Flow Reinvestment Rate of 0.62x as of March 2026, reinvesting $1.03 Billion (capex $1.03 Billion ) from operating cash flow of $1.66 Billion. Check Devon Energy Corporation (DVN) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Devon Energy Corporation Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Devon Energy Corporation across 37 annual periods. Explore Devon Energy Corporation long-term investment intensity to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Devon Energy Corporation (1989–2025)
Year-by-year capital reinvestment analysis for Devon Energy Corporation. For live market cap and broader valuation context, see how much is Devon Energy Corporation worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.54x | $3.65 Billion | $6.71 Billion | $3.59 Billion | ▼ -75.7% |
| 2024 | 2.24x | $14.79 Billion | $6.60 Billion | $7.45 Billion | ▲ +87.8% |
| 2023 | 1.19x | $7.81 Billion | $6.54 Billion | $3.95 Billion | ▼ -0.7% |
| 2022 | 1.20x | $10.25 Billion | $8.53 Billion | $5.12 Billion | ▲ +191.8% |
| 2021 | 0.41x | $2.02 Billion | $4.90 Billion | $2.01 Billion | ▼ -69.1% |
| 2020 | 1.33x | $1.81 Billion | $1.35 Billion | $1.16 Billion | ▼ -3.4% |
| 2019 | 1.38x | $2.86 Billion | $2.07 Billion | $1.94 Billion | ▲ +4.9% |
| 2018 | 1.32x | $3.56 Billion | $2.70 Billion | $2.51 Billion | ▼ -23.6% |
| 2017 | 1.72x | $5.01 Billion | $2.91 Billion | $2.81 Billion | ▼ -37.8% |
| 2016 | 2.77x | $4.84 Billion | $1.75 Billion | $3.97 Billion | ▲ +126.1% |
| 2015 | 1.23x | $6.61 Billion | $5.38 Billion | $6.42 Billion | ▼ -45.7% |
| 2014 | 2.26x | $13.51 Billion | $5.98 Billion | $13.45 Billion | ▲ +34.9% |
| 2013 | 1.67x | $9.10 Billion | $5.44 Billion | $6.76 Billion | ▼ -8.5% |
| 2012 | 1.83x | $9.06 Billion | $4.96 Billion | $8.22 Billion | ▲ +28.2% |
| 2011 | 1.43x | $8.88 Billion | $6.22 Billion | $7.53 Billion | ▲ +18.4% |
| 2010 | 1.20x | $6.60 Billion | $5.48 Billion | $6.48 Billion | ▲ +16.8% |
| 2009 | 1.03x | $4.89 Billion | $4.74 Billion | $4.88 Billion | ▲ +3.5% |
| 2008 | 1.00x | $9.38 Billion | $9.41 Billion | $9.38 Billion | ▲ +7.6% |
| 2007 | 0.93x | $6.16 Billion | $6.65 Billion | $6.16 Billion | ▼ -26.5% |
| 2006 | 1.26x | $7.55 Billion | $5.99 Billion | $7.55 Billion | ▲ +72.9% |
| 2005 | 0.73x | $4.09 Billion | $5.61 Billion | $4.09 Billion | ▲ +13.1% |
| 2004 | 0.64x | $3.10 Billion | $4.82 Billion | $3.10 Billion | ▼ -6.2% |
| 2003 | 0.69x | $2.59 Billion | $3.77 Billion | $2.59 Billion | ▼ -64.8% |
| 2002 | 1.95x | $3.43 Billion | $1.75 Billion | $3.43 Billion | ▼ -30.8% |
| 2001 | 2.82x | $5.33 Billion | $1.89 Billion | $5.33 Billion | ▲ +257.2% |
| 2000 | 0.79x | $1.28 Billion | $1.62 Billion | $1.28 Billion | ▼ -51.0% |
| 1999 | 1.61x | $332.00 Million | $205.60 Million | $332.00 Million | ▼ -17.6% |
| 1998 | 1.96x | $375.50 Million | $191.60 Million | $375.50 Million | ▲ +153.3% |
| 1997 | 0.77x | $130.50 Million | $168.70 Million | $130.50 Million | ▼ -32.1% |
| 1996 | 1.14x | $98.90 Million | $86.80 Million | $98.90 Million | ▼ -40.6% |
| 1995 | 1.92x | $117.60 Million | $61.30 Million | $117.60 Million | ▲ +150.0% |
| 1994 | 0.77x | $35.60 Million | $46.40 Million | $35.60 Million | ▼ -42.6% |
| 1993 | 1.34x | $85.60 Million | $64.00 Million | $85.60 Million | ▲ +156.6% |
| 1992 | 0.52x | $15.90 Million | $30.50 Million | $15.90 Million | ▼ -59.6% |
| 1991 | 1.29x | $12.00 Million | $9.30 Million | $12.00 Million | ▼ -42.8% |
| 1990 | 2.26x | $30.90 Million | $13.70 Million | $30.90 Million | ▼ -7.5% |
| 1989 | 2.44x | $16.10 Million | $6.60 Million | $16.10 Million | — |