Vanguard Portfolio Management (DVN) discloses 57.4M-share Devon Energy position at 4.98%

Rhea-AI Filing Summary

Vanguard Portfolio Management LLC filed an amended ownership report for Devon Energy Corp common stock. Vanguard reports beneficial ownership of 57,442,708 shares, representing 4.98% of the outstanding common stock. Vanguard has sole voting power over 179,468 shares and sole dispositive power over 57,442,708 shares, with no shared voting or dispositive power. Vanguard indicates that this reflects securities beneficially owned, or deemed beneficially owned, by Vanguard Portfolio Management LLC and certain affiliated entities and managed accounts.

Key Figures

Beneficial ownership: 57,442,708 shares Percent of class: 4.98% Sole voting power: 179,468 shares +3 more

6 metrics

Beneficial ownership 57,442,708 shares Common stock of Devon Energy Corp reported by Vanguard Portfolio Management

Percent of class 4.98% Portion of Devon Energy common stock class beneficially owned

Sole voting power 179,468 shares Shares over which Vanguard Portfolio Management has sole power to vote

Shared voting power 0 Shares over which Vanguard Portfolio Management has shared voting power

Sole dispositive power 57,442,708 shares Shares over which Vanguard Portfolio Management has sole power to dispose

Shared dispositive power 0 Shares over which Vanguard Portfolio Management has shared dispositive power

Key Terms

beneficially owned, dispositive power, sole voting power, Schedule 13G

4 terms

beneficially owned financial

"this reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dispositive power financial

"Sole Dispositive Power 57,442,708.00 8 | Shared Dispositive Power 0.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

sole voting power financial

"5 | Sole Voting Power 179,468.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Schedule 13G regulatory

"In accordance with SEC Release No. 34-39538 ... ownership is disaggregated for this Schedule 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What percentage of Devon Energy Corp (DVN) shares does Vanguard Portfolio Management report owning?

Vanguard Portfolio Management reports beneficial ownership of 4.98% of Devon Energy Corp’s common stock, representing 57,442,708 shares. This figure reflects holdings managed by Vanguard Portfolio Management LLC and specified affiliated entities and accounts.

How many Devon Energy (DVN) shares does Vanguard Portfolio Management beneficially own?

Vanguard Portfolio Management beneficially owns 57,442,708 Devon Energy common shares. These holdings include securities held by Vanguard funds and other managed accounts over which Vanguard and certain affiliates exercise dispositive and, in some cases, voting power.

What voting power does Vanguard Portfolio Management have over Devon Energy (DVN) shares?

Vanguard Portfolio Management has sole voting power over 179,468 Devon Energy shares and no shared voting power. It has sole dispositive power over substantially more shares than it directly votes, reflecting its role as an investment manager.

Does any single client of Vanguard hold more than 5% of Devon Energy (DVN)?

No. The filing states that no one other person's interest in the securities reported is more than 5%. Rights to dividends and sale proceeds are spread across Vanguard investment companies and other managed accounts.

Why does Vanguard Portfolio Management file an ownership report for Devon Energy (DVN)?

Vanguard files this report because it beneficially owns a significant portion of Devon Energy’s common stock. The filing discloses its 57,442,708 shares position, related voting and dispositive powers, and confirms ownership is now at or below 5% of the class.

Who signed the Devon Energy (DVN) ownership report for Vanguard Portfolio Management?

The report was signed by My Trieu-Gatt, identified as Authorized Signatory, Head of Global Fund Administration, on behalf of Vanguard Portfolio Management. The signature confirms the accuracy of the reported ownership information.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Devon Energy Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

25179M103

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 25179M103

1

Names of Reporting Persons

Vanguard Portfolio Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 179,468.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 57,442,708.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

57,442,708.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.98 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC, or business divisions of such subsidiaries whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Devon Energy Corp
(b)	Address of issuer's principal executive offices: 333 West Sheridan Avenue, Oklahoma City, OK, 73102
Item 2.
(a)	Name of person filing: Vanguard Portfolio Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 25179M103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 57442708
(b)	Percent of class: 4.98 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 179468
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 57442708
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Portfolio Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vanguard Portfolio Management

Signature:	My Trieu-Gatt
Name/Title:	Authorized Signatory, Head of Global Fund Administration
Date:	07/31/2026