• Devon Energy average return on tangible equity for 2023 was 36.81, a 42.83% decline from 2022.
• Devon Energy average return on tangible equity for 2022 was 64.39, a 207.94% decline from 2021.
• Devon Energy average return on tangible equity for 2021 was 20.91, a 123.18% 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.