DEVON ENERGY CORP (DVN) [Rocket]

In millions, except per share items	Mar-31-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	8-K	8-K	10-Q	10-Q	10-K	10-Q	10-Q
Total revenues	3,759			5,796	4,495	4,273	3,466	3,120
Revenue growth	-16.4%			85.8%	74.4%	233.8%	224.8%	691.9%
Cost of goods sold	0			0	0	0	0	0
Gross profit	3,759			5,796	4,495	4,273	3,466	3,120
Gross margin	100.0%			100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative [+]	3			10	2	95	95	3
General and administrative [+]						95	95
General and administrative expenses						95	95
Other selling, general and administrative
Other operating expenses						2,046	1,897
EBITDA [+]	4,371			6,314	4,982	2,132	1,474	3,653
EBITDA growth	-12.3%			72.8%	63.8%	1200.0%	1947.2%	-911.8%
EBITDA margin	116.3%			108.9%	110.8%	49.9%	42.5%	117.1%
Depreciation and amortization	615			528	489	577	578	536
EBIT [+]	3,756			5,786	4,493	1,555	896	3,117
EBIT growth	-16.4%			85.6%	74.5%	-1235.0%	-494.7%	-516.2%
EBIT margin	99.9%			99.8%	100.0%	36.4%	25.9%	99.9%
Non-recurring items [+]						-21	18
Loss (gain) on sale of assets						-49
Interest income						86	86
Interest income						86	86
Other income (expense), net	-2,532			-3,291	-3,231			-2,813
Pre-tax income	1,224			2,495	1,262	1,662	964	304
Income taxes	221			557	267	150	120	43
Tax rate	18.1%			22.3%	21.2%	9.0%	12.4%	14.1%
Minority interest						6	6
Net income	995			1,932	989	1,506	838	256
Net margin	26.5%			33.3%	22.0%	35.2%	24.2%	8.2%

Basic EPS [+]	$1.54			$2.96	$1.51	$2.27	$1.25	$0.38
Growth	2.3%			676.7%	359.4%	-1212.1%	-548.4%	-121.2%
Diluted EPS [+]	$1.54			$2.95	$1.50	$2.26	$1.25	$0.38
Growth	2.3%			676.6%	359.4%	-1208.8%	-547.1%	-121.1%

Dividends per share [+]	$0.89			$1.27	$1.00	$0.84	$0.49	$0.34
Growth	-11.0%	-100.0%	-100.0%	273.5%	233.3%	128.3%	345.5%	209.1%

Shares outstanding (basic) [+]	645			652	656	663	671	671
Growth	-1.7%			-2.8%	1.1%	75.9%	78.0%	78.0%
Shares outstanding (diluted) [+]	647			654	658	665	673	673
Growth	-1.7%			-2.8%	1.1%	76.4%	78.5%	78.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.