DVN · 10-Q · 2026Q3 · Full report
Canadian Tax Assessments
DEVON ENERGY CORP/DE · 2026-11-06 · Importance 40 · Surprise 42 · In source text
The Canada Revenue Agency proposed material adjustments relating to Devon’s legacy Canadian business and issued formal assessments for certain adjustments. Devon disagrees and intends to contest the assessments, which may require material cash deposits while the disputes are resolved. The filing does not specify the amounts or a resolution timetable.
Key facts
- The Canada Revenue Agency proposed material adjustments to prior tax years concerning Devon’s legacy Canadian business, issued formal assessments for certain adjustments, and Devon intends to contest them; resolving the matters may require material cash deposits. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | contingent | — | The Canada Revenue Agency proposed material adjustments to prior tax years concerning Devon’s legacy Canadian business, issued formal… |
| cash | negative | contingent | — | The Canada Revenue Agency proposed material adjustments to prior tax years concerning Devon’s legacy Canadian business, issued formal… |