Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Devon Energy's share price for the quarter that ended in Dec. 2023 was $45.3. Devon Energy's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 636 Mil. Therefore, Devon Energy's market cap for the quarter that ended in Dec. 2023 was $28,797 Mil.
Devon Energy's quarterly market cap
declined
from Jun. 2023 ($30,986 Mil) to Sep. 2023 ($30,576 Mil) and
declined
from Sep. 2023 ($30,576 Mil) to Dec. 2023 ($28,797 Mil).
Devon Energy's annual market cap
increased
from Dec. 2021 ($29,205 Mil) to Dec. 2022 ($40,166 Mil) but then
declined
from Dec. 2022 ($40,166 Mil) to Dec. 2023 ($28,797 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Devon Energy's Enterprise Value for Today is $38,858 Mil.
Devon Energy Market Cap Historical Data
The historical data trend for Devon Energy's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Devon Energy's Market Cap
For the Oil & Gas E&P subindustry, Devon Energy's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Devon Energy's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's Market Cap distribution charts can be found below:
* The bar in red indicates where Devon Energy's Market Cap falls into.
Devon Energy Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Devon Energy's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Devon Energy (NYSE:DVN) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Devon Energy Market Cap Related Terms
Thank you for viewing the detailed overview of Devon Energy's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2022, Devon's proved reserves totaled 1.8 billion barrels of oil equivalent, and net production that year was 611 thousand boe/d, of which oil and natural gas liquids made up 73% of production, with natural gas accounting for the remainder.
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