Devon Energy (DVN) Financials

The income statement is a financial statement that shows a company's revenues, expenses, and profits (or losses) over a specific period of time. For Devon Energy Corp (DVN), the income statement provides insights into the company's financial performance. It shows the revenues generated by Devon Energy Corp from its various business activities. The income statement also includes the company's expenses, such as operating expenses, interest expenses, and taxes. By subtracting the expenses from the revenues, the net income from stockholders is calculated. This represents the amount of profit retained by the company after paying all expenses and taxes. The income statement is an important tool for analyzing a company's profitability and financial health. It helps investors and analysts understand the financial performance and trends of Devon Energy Corp.

The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. For Devon Energy Corp (DVN), the balance sheet shows the company's assets, liabilities, and stockholders' equity. The assets represent the resources owned or controlled by the company, such as cash, property, equipment, and investments. Liabilities are the company's obligations or debts, such as loans, accounts payable, and accrued expenses. Stockholders' equity represents the ownership interest in the company, and it is calculated by subtracting liabilities from assets. The balance sheet provides valuable information about the company's financial health, solvency, and liquidity. It helps investors and analysts assess the company's ability to meet its short-term and long-term obligations.