How Devon Energy makes money

Period

FY2025

How does Devon Energy make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Devon Energy Corporation · FY2025 · year ended 2025-12-31

Revenue$16.8BGross profit$16.8B · 100%Cost of revenue$0 · 0%Operating income$2.3B · 14%Operating expenses$14.5B · 86%SG&A$492M · 3%Other opex$14.0B · 83%Pre-tax income$3.4B · 20%Other income$1.1B · 7%Net income$2.6B · 16%Income tax$785M · 5%Oil Gas & NGL Sales$11.2B · 67%Marketing & Midstream Revenues$5.6B · 33%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.