Here are the 10-K annual reports from Devon Energy Corporation (DVN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow DVN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DVN filings page.
Devon Energy Corporation filed Amendment No. 1 to its annual report to add full Part III disclosures on directors, executive officers, governance and executive compensation, which were originally expected to come from a later proxy statement. The amendment refreshes the board and committee profiles, highlights director skills, confirms an audit committee financial expert, and details codes of ethics and insider trading restrictions. It also explains 2025 leadership changes, including Clay Gaspar becoming President and CEO, and describes a pay-for-performance program where most executive pay is at risk through annual incentives and long-term equity awards tied to relative total shareholder return and company financial, operational, safety and environmental goals.
Devon Energy Corporation files its annual report describing a U.S.-focused oil, natural gas and NGL exploration and production business anchored in the Delaware Basin, Rockies, Eagle Ford and Anadarko Basin. In 2025, total production reached 307 MMBoe, led by the Delaware Basin and Williston assets.
The company emphasizes operating excellence, strong balance sheet discipline and shareholder returns through dividends and buybacks. Devon highlights sustainability initiatives, including approximately $100 million of 2025 capital spending on emissions-reduction projects and a long-term aspiration of net zero Scope 1 and 2 GHG emissions, while managing extensive environmental, safety and regulatory obligations.
The report details human capital investments for about 2,200 U.S. employees, significant drilling and acreage positions, marketing and delivery commitments, and extensive risk factors. Key risks include commodity price volatility, regulatory and climate-related pressures, water disposal constraints, counterparty and credit risks, and execution and integration risks related to a planned merger with Coterra Energy.