Devon Energy Corporation
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Clay Gaspar
- Full Time Employees
- 2,200
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Three Memorial City Plaza Houston TX United States of America 77024
- IPO Date
- Jul 22, 1985
- CIK
- 0001090012
- Website
- devonenergy.com
- Similar Companies
- Business
- Devon Energy Corporation Devon Energy Corporation (DVN) is a leading independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs) from onshore assets across premier U.S. resource plays, including the Delaware Basin, Eagle Ford, Anadarko Basin, Powder River Basin and Williston Basin; its core products consist of high-quality crude oil primarily from light oil plays like the Delaware Basin, associated natural gas supporting power generation, industrial uses and LNG exports, and NGL components such as ethane, propane and butane for petrochemical feedstocks, heating fuels and refining markets. Headquartered in Oklahoma City, Oklahoma, with operations focused exclusively in the United States following prior divestitures of international assets, the company was founded in 1971 by John W. Nichols and J. Larry Nichols and maintains a diversified multi-basin portfolio emphasizing capital-efficient cash flow growth, operating excellence and environmental responsibility, evidenced by its second quarter 2025 production averaging approximately 387,000 barrels of oil equivalent per day alongside strategic priorities like low leverage below 1.0x debt-to-EBITDAX and shareholder returns through fixed dividends and share repurchases. In recent developments, Devon Energy Corporation completed its $5 billion acquisition of Grayson Mill Energy's Williston Basin business in September 2024, significantly expanding its position in this high-return stacked-pay oil fairway and integrating complementary Powder River Basin assets; it entered a 10-year pore space reservation agreement with LandBridge in August 2025 for sustainable produced water management in the Permian Basin's Delaware Basin operations, alongside a parallel 10-year natural gas supply deal with Centrica for 50 million cubic feet per day starting in 2028 to secure transatlantic export channels; further, the company led a $244 million funding round for Fervo Energy in February 2024 to advance next-generation geothermal technology as part of its dual-track strategy balancing core hydrocarbon profitability with long-term clean energy investments.
Company News
BP eyes Devon Energy asset amid renewed US M&A ambitions, sources say
Why Toms Capital wants Devon Energy to consider a sale
Why Devon Energy (DVN) is a Top Momentum Stock for the Long-Term
Devon Trending After Activist Investor Urges Company to Explore a Sale
Activist Toms Capital urges Devon Energy in letter to explore alternatives, including a sale
Energy Stock CEO Liquidates Nearly 4,000 Shares Valued at Almost $200,000
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Corient Private Wealth LP Raises Holdings in Devon Energy Corporation $DVN
Devon Energy (DVN) Declines More Than Market: Some Information for Investors
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Devon Energy: Stronger Permian Focus And Valuation Support (Rating Upgrade)
Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know
Devon Energy: The Coterra Merger Meets A Powerful Oil Price Tailwind
Integrated Wealth Concepts LLC Purchases 12,146 Shares of Devon Energy Corporation $DVN
Devon Energy (DVN) Ascends While Market Falls: Some Facts to Note
Devon Energy Corporation $DVN Shares Acquired by Arizona State Retirement System
Concurrent Investment Advisors LLC Has $2.58 Million Stake in Devon Energy Corporation $DVN
HB Wealth Management LLC Boosts Stock Holdings in Devon Energy Corporation $DVN
Devon Energy: Operations Back In Focus After The Coterra Acquisition
AlphaGrep UK Ltd Makes New $725,000 Investment in Devon Energy Corporation $DVN