Devon Energy Corp - Company Profile
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Devon Energy Corp (Devon Energy) is an independent energy company that carries out exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in onshore areas of the US. Devon Energy’s US assets are in Delaware Basin, Anadarko Basin, Powder River Basin, Williston Basin and Eagle Ford. Eagle Ford assets are located in DeWitt county in south Texas. In Delaware Basin, Devon Energy focuses on oil-rich Bone Spring, Wolfcamp, Avalon and Delaware formations. It's Anadarko basin assets are in Oklahoma’s Canadian, Kingfisher and Blaine counties. The Williston assets of the company are in the Bakken and Three Forks formations in the Fort Berthold Indian Reservation. The Powder River Basin consists of prospective oil opportunities in the Turner, Parkman, Teapot and Niobrara formations. Devon Energy is headquartered in Oklahoma City, Oklahoma, the US.
Headquarters
United States of America
Address
333 W Sheridan Ave, Oklahoma City, 73102-5015
Website
www.devonenergy.com
Telephone
1 405 2353611
No of Employees
2,200
Industry
Energy and Utilities
Ticker Symbol & Exchange
DVN (NYSE)
Revenue (2024)
$17.2B
7.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-8.6%
(2024 vs 2023)
Market Cap*
$46.7B
Net Profit Margin (2024)
XYZ
-15.3%
(2024 vs 2023)
* As of and is in US$
Devon Energy Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Oil | Services |
| Natural Gas Liquids (NGL) | Oil & gas exploration, production, and marketing |
| Bitumen | Natural gas processing and NGL fractionation |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In August, the company acquired the remaining minority stake in Cotton Draw Midstream, L.L.C. for US$260 million. |
| 2025 | Contracts/Agreements | In August, the company and LandBridge Company LLC signed a 10-year surface use and pore space reservation contract to support Devon’s operations in the core of the New Mexico Delaware Basin. |
| 2025 | Contracts/Agreements | In August, the company entered into a natural gas sale and purchase contract with Centrica Energy. |
Competitor Comparison
| Key Parameters | Devon Energy Corp | EOG Resources Inc | Expand Energy Corp | Apache Corp | Ovintiv Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Oklahoma City | Houston | Oklahoma City | Houston | Denver |
| State/Province | Oklahoma | Texas | Oklahoma | Texas | Colorado |
| No. of Employees | 2,200 | 3,400 | 1,600 | 2,272 | 1,465 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John E. Bethancourt | Chairman | Executive Board | 2024 | 73 |
| Clay M. Gaspar | President; Chief Executive Officer; Director | Executive Board | 2025 | 53 |
| Jeffrey L. Ritenour | Chief Financial Officer; Executive Vice President | Senior Management | 2017 | 51 |
| Robert F. Lowe | Senior Vice President; Chief Technology Officer | Senior Management | 2025 | 50 |
| Heath Satterfield | Chief Information Officer; Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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