• Devon Energy average return on tangible equity for 2023 was 44.04, a 24.25% decline from 2022.
• Devon Energy average return on tangible equity for 2022 was 58.14, a 464.47% decline from 2021.
• Devon Energy average return on tangible equity for 2021 was 10.3, a 113.46% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.