Devon Energy Overview
- Year Founded
-
1971
- Status
-
Public
- Employees
-
1,900
- Stock Symbol
-
DVN
- Investments
-
29
- Share Price
-
$39.64
- (As of Monday Closing)
Devon Energy General Information
Description
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent. Net production averaged roughly 658,000 barrels of oil equivalent per day in 2023 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
Contact Information
Website
www.devonenergy.comCorporate Office
- 333 West Sheridan Avenue
- Oklahoma City, OK 73102-5015
- United States
Corporate Office
- 333 West Sheridan Avenue
- Oklahoma City, OK 73102-5015
- United States
Devon Energy Stock Performance
(As of Monday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $39.64 | $39.45 | $39.02 - $55.09 | $24.8B | 626M | 6.55M | $5.53 |
Devon Energy Financials Summary
|
In Thousands, USD |
TTM 30-Jun-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 35,429,800 | 34,854,710 | 45,868,087 | 34,385,850 |
| Revenue | 15,494,000 | 15,258,000 | 19,169,000 | 12,206,000 |
| EBITDA | 7,406,000 | 7,491,000 | 10,330,000 | 5,442,000 |
| Net Income | 3,502,000 | 3,747,000 | 6,015,000 | 2,813,000 |
| Total Assets | 25,162,000 | 24,490,000 | 23,721,000 | 21,025,000 |
| Total Debt | 6,455,000 | 6,450,000 | 6,697,000 | 6,734,000 |
Devon Energy Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Devon Energy Comparisons
Industry
Financing
Details
000000
000
Devon Energy Competitors (36)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Marathon Oil | Corporation | Houston, TX | 0000 | 00.00 | 000000&0 | 00.00 |
| APA | Corporation | Houston, TX | 0000 | 00.000 | 000000000 00 | 00.000 |
| Diamondback Energy | Formerly PE-Backed | Midland, TX | 0000 | 000.00 | 000000000 - | 000.00 |
| Southwestern Energy | Corporation | Spring, TX | 0000 | 00.000 | 000000&0 | 00.000 |
| ConocoPhillips | Corporation | Houston, TX | 00000 | 000 | 000000000 - | 000 |
News about Devon Energy
Dive into recent articles by PitchBook offering invaluable insights and context.
-
NEWS | Jul 8, 2024
EnCap sells Williston Basin assets to Devon Energy, notching another exit
EnCap-backed Grayson Mill Energy to sell its Williston Basin unit to Devon Energy for $5 billion
-
NEWS | Mar 1, 2024
Climate tech's strong performance will be tough act to repeat
By several measures, climate tech has performed exceptionally relative to the broader startup market.
Devon Energy Patents
Devon Energy Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20240248497-A1 | Optimized control of oilfield separator level and dump valves | Pending | 20-Jan-2023 | 00000000 | |
| US-20240185268-A1 | System and method for calculating flare volumes | Pending | 02-Dec-2022 | 00000000000 | |
| US-20230058311-A1 | Systems and methods for monitoring fracturing operations using monitor well flow | Active | 19-Aug-2021 | 000000000 | 0 |
| CA-3137195-A1 | Systems and methods for monitoring fracturing operations using monitor well flow | Pending | 19-Aug-2021 | 000000000 | |
| US-11859490-B2 | Systems and methods for monitoring fracturing operations using monitor well flow | Active | 19-Aug-2021 | E21B49/087 | 00 |
Devon Energy Executive Team (37)
| Name | Title | Board Seat |
|---|---|---|
| Richard Muncrief | President, Chief Executive Officer & Board Member | |
| Jeffrey Ritenour | Chief Financial Officer & Executive Vice President | |
| Clay Gaspar | Chief Operating Officer, Operations & Executive Vice President | |
| Trey Lowe | Vice President & Chief Technology Officer | |
| John Sherrer | Chief Accounting Officer, Accounting & Controller, Finance |
Devon Energy Board Members (14)
| Name | Representing | Role | Since |
|---|---|---|---|
| Ann Fox | Self | Board Member & Member of the Governance, Environmental, and Public Policy and Compensation Committee | 000 0000 |
| Barbara Baumann | Self | Chairman & Board Member | 000 0000 |
| Gennifer Kelly | Self | Board Member & Member of the Audit and Reserves Committee | 000 0000 |
| John Bethancourt | Self | Board Member and Chairman of Compensation Committee | 000 0000 |
| John Krenicki Jr. | Self | Board Member & Member of the Audit Committee | 000 0000 |
Devon Energy Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Devon Energy Investments & Acquisitions (29)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Grayson Mill Energy (Williston Basin Business) | 08-Jul-2024 | 0000000000 | 000 | Energy Exploration | 0000000 0 |
| Grayson Mill Energy | 01-Jun-2024 | 0000000000 | 000 | Energy Exploration | 0000000 0 |
| Fervo Energy | 29-Feb-2024 | 00000 0000 | 00000 | Energy Infrastructure | 00000 000 |
| First Step Analytics | 07-Oct-2023 | 000000000 | Business/Productivity Software | ||
| Validus Energy | 28-Sep-2022 | Merger/Acquisition | 00.00 | Energy Exploration | 0000000 0 |
Devon Energy Subsidiaries (5)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Validus Energy | Energy Exploration | Denver, CO | 2021 |
| RimRock Oil & Gas | Energy Exploration | Greenwood Village, CO | 0000 |
| Retirement Plan for Employees of Devon Energy Corporation | Corporate Pension | Oklahoma City, OK | 0000 |
| Devon Energy Production (Oil and gas assets located in Niobrara and Converse Counties) | Buildings and Property | WY | |
| Devon Energy (Stack Play Assets) | Buildings and Property | OK |
Devon Energy ESG
Risk Overview
Risk Rating
Updated June, 08, 2024
31.6 | High Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
00.0
Management
Management is related to actions taken to manage ESG issues
00.00
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
00 of 16,009
Rank
Percentile
Oil & Gas Producers
Industry
00 of 307
Rank
Percentile
Oil & Gas Exploration and Production
Subindustry
00 of 165
Rank
Percentile
Devon Energy Exits (9)
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| EnLink Midstream | 07-Mar-2014 | 000000000000 | 00000 | Completed |
|
| Access NGL | 01-Mar-2007 | 00000 000000 | Completed |
|
|
| Access NGL Pipeline System | 01-Jan-2007 | 000000000 00 | Completed |
|
|
| Chief Oil & Gas (Barnett Shale acreage) | 29-Jun-2006 | 000000000 00 | 00.00 | Completed |
|
| Devon Canada | 17-Oct-2001 | Merger/Acquisition | 00.000 | Completed |
Devon Energy FAQs
-
When was Devon Energy founded?
Devon Energy was founded in 1971.
-
Who is the founder of Devon Energy?
J. Larry Nichols and John Nichols are the founders of Devon Energy.
-
Who is the CEO of Devon Energy?
Richard Muncrief is the CEO of Devon Energy.
-
Where is Devon Energy headquartered?
Devon Energy is headquartered in Oklahoma City, OK.
-
What is the size of Devon Energy?
Devon Energy has 1,900 total employees.
-
What industry is Devon Energy in?
Devon Energy’s primary industry is Energy Production.
-
Is Devon Energy a private or public company?
Devon Energy is a Public company.
-
What is Devon Energy’s stock symbol?
The ticker symbol for Devon Energy is DVN.
-
What is the current stock price of Devon Energy?
As of 16-Sep-2024 the stock price of Devon Energy is $39.64.
-
What is the current market cap of Devon Energy?
The current market capitalization of Devon Energy is $24.8B.
-
What is Devon Energy’s current revenue?
The trailing twelve month revenue for Devon Energy is $15.5B.
-
Who are Devon Energy’s competitors?
Marathon Oil, APA, Diamondback Energy, Southwestern Energy, and ConocoPhillips are some of the 36 competitors of Devon Energy.
-
What is Devon Energy’s annual earnings per share (EPS)?
Devon Energy’s EPS for 12 months was $5.53.
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