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. See Devon Energy Corporation (DVN) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see DVN cash flow conversion.
Annual Cash Flow Reinvestment Rate for Devon Energy Corporation (1989–2025)
Year-by-year capital reinvestment analysis for Devon Energy Corporation. See Devon Energy Corporation financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| 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 | — |