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. Explore how much does Devon Energy Corporation reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore DVN total assets for the complete picture of this company's asset base.
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 DVN market cap.
| 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 | — |