DVN · 10-Q · 2026Q2 · Full report

Capital Expenditures

DEVON ENERGY CORP/DE · 2026-08-05 · Importance 68 · Surprise 58

Devon spent $2.157 billion on capital expenditures during the first six months of 2026, up from $1.890 billion in the prior-year period. The six-month program represented approximately 40% of operating cash flow and increased primarily because the May 7 Coterra merger added Permian, Anadarko and Marcellus activity. Devon separately spent approximately $2.6 billion on Permian state and federal land acquisitions during the first six months. The company expects approximately $2.7 billion to $2.9 billion of additional capital expenditures during the remainder of 2026.

Key facts

• Capital expenditures were $1,318 million in Q2 2026 and $2,157 million for the six months ended June 30, 2026. source
• Capital expenditures for the first six months of 2026 represented approximately 40% of operating cash flow. source