Devon Energy Corporation (DVN)

Return on equity (ROE)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	2,891,000	3,747,000	6,015,000	2,813,000	-2,680,000
Total stockholders’ equity	US$ in thousands	14,496,000	12,061,000	11,167,000	9,262,000	2,885,000
ROE		19.94%	31.07%	53.86%	30.37%	-92.89%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $2,891,000K ÷ $14,496,000K
= 19.94%

Devon Energy Corporation's return on equity (ROE) fluctuated significantly over the five-year period analyzed. In December 31, 2020, Devon Energy reported a negative ROE of -92.89%, indicating that the company's net income was insufficient to cover shareholders' equity.

However, there was a notable turnaround in the following years, with ROE reaching 30.37% in December 31, 2021, and further increasing to 53.86% in December 31, 2022. This improvement suggests that Devon Energy effectively utilized shareholder equity to generate profits during these periods.

Subsequently, the ROE decreased to 31.07% in December 31, 2023, and further dropped to 19.94% in December 31, 2024. These declines may indicate challenges in maintaining profitability or efficient use of assets to generate returns for shareholders in those respective years.

Overall, Devon Energy Corporation's ROE demonstrates a mix of positive and negative trends over the period, highlighting the company's varying performance in generating profits relative to shareholders' equity. Further analysis and consideration of the company's overall financial health and market conditions would be necessary to assess the underlying factors influencing these fluctuations in ROE.