Devon Energy

OverviewSuggest Edit

Devon Energy is an independent oil and natural gas exploration and production company. It also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants, and treatment facilities.

TypePublic
Founded1971
HQOklahoma City, OK, US
Websitedevonenergy.com
Employee Ratings4
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)1,400(-22%)
Job Openings25
Revenue (FY, 2021)$12.2 B(+153%)
Share Price (Aug 2022)$56.7(-6%)
Cybersecurity ratingBMore
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Key People/Management at Devon Energy

Clay Gaspar

Clay Gaspar

Executive Vice President and Chief Operating Officer
Rick Muncrief

Rick Muncrief

President and Chief Executive Officer
Mike Dionisio

Mike Dionisio

Vice President, Supply Chain and Marketing
Jeff Ritenour

Jeff Ritenour

Executive Vice President and Chief Financial Officer
David Harris

David Harris

Executive Vice President and Chief Corporate Development Officer
Jeremy Humphers

Jeremy Humphers

Senior Vice President and Chief Accounting Officer
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Devon Energy Office Locations

Devon Energy has an office in Oklahoma City
Oklahoma City, OK, US (HQ)
Devon Tower, 333 W Sheridan Ave
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Devon Energy Financials and Metrics

Devon Energy Revenue

Devon Energy's revenue was reported to be $12.21 b in FY, 2021
USD

Revenue (Q2, 2022)

3.0b

Market capitalization (3-Aug-2022)

38.4b

Closing stock price (3-Aug-2022)

56.7
Devon Energy's current market capitalization is $38.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

10.7b6.2b4.8b12.2b

Revenue growth, %

(42%)(22%)

Cost of goods sold

6.6b4.0b3.1b

Gross profit

4.1b2.2b1.7b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

1.5b1.9b1.8b2.1b394.0m1.1b1.8b2.4b3.5b3.8b3.0b

Cost of goods sold

1.3b1.1b1.1b896.0m602.0m749.0m1.0b

Gross profit

236.0m837.0m795.0m1.2b(208.0m)318.0m750.0m

Gross profit Margin, %

16%44%43%57%(53%)30%43%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

2.4b1.5b2.2b2.1b

Accounts Receivable

885.0m832.0m601.0m1.5b

Current Assets

4.4b3.9b3.3b4.2b

PP&E

13.9b8.6b5.4b15.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

1.3b3.5b1.4b1.5b1.5b1.7b1.9b1.3b2.1b

Accounts Receivable

1.0b842.0m787.0m594.0m515.0m493.0m1.1b1.2b1.5b

Current Assets

2.7b5.2b2.8b4.1b3.4b3.5b3.5b3.1b4.2b

PP&E

13.9b10.0b10.2b5.8b5.7b5.6b15.3b15.2b15.1b
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

3.2b(353.0m)(2.7b)2.8b

Depreciation and Amortization

1.7b1.5b1.3b2.2b

Cash From Operating Activities

2.2b2.0b1.5b4.9b

Purchases of PP&E

(2.5b)(1.9b)(1.2b)(2.0b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

(317.0m)178.0m287.0m(1.8b)(2.5b)(2.6b)216.0m477.0m1.3b995.0m2.9b

Depreciation and Amortization

459.0m774.0m1.2b401.0m700.0m999.0m467.0m1.0b1.6b489.0m1.0b

Cash From Operating Activities

377.0m966.0m1.6b529.0m679.0m1.1b592.0m1.7b3.3b1.8b4.5b

Purchases of PP&E

(548.0m)(996.0m)(1.5b)(425.0m)(732.0m)(936.0m)(499.0m)(1.0b)(1.5b)(537.0m)(1.1b)
USDFY, 2018

Revenue/Employee

3.7m

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.1 x
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Devon Energy Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Oil Production Volume, Mbbl/d

145151150163153146155268

Oil and Bitumen Production Volume, mbbl/d

246254

Gas Production Volume, mmcf/d

1.1 k1.02 k9981.01 k599634614580603791

Natural Gas Liquids Production Volume, Mbbl/d

106104112109778069837899

Devon Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
WPX EnergySeptember 28, 2020$2.56 b
Felix Energy LLCNovember 07, 2015$1.9 b
Chief Oil & Gas LLCJuly 01, 2006$2.5 b
Ocean Energy IncFebruary 24, 2003
Mitchell Energy & Development CorpJanuary 24, 2002
Anderson ExplorationSeptember 04, 2001$3.4 b
Santa Fe Snyder Corp.May 26, 2000
PennzEnergy CompanyAugust 01, 1999
Northstar Energy CorpJuly 06, 1998
Kerr McGeeDecember 31, 1996
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Devon Energy Revenue Breakdown

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Devon Energy revenue breakdown by geographic segment: 9.9% from Canada and 90.1% from U.S.

Human Capital Metrics

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Devon Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Devon Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Devon Energy Online and Social Media Presence

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Devon Energy Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    A+

    86/100

  • Compensation

    C-

    59/100

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Devon Energy News and Updates

Devon Energy Announces Second-Quarter Dividend for Common Stockholders

OKLAHOMA CITY, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today its board of directors declared a fixed-plus-variable dividend of $1.55 per share based on the company’s second-quarter financial performance. This record payout represents a 22 percent increase from th…

Devon Energy Reports Second-Quarter 2022 Financial and Operational Results

OKLAHOMA CITY, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second quarter of 2022. The company’s earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the…

Devon Energy Completes Acquisition of Williston Basin Bolt-On

OKLAHOMA CITY, July 21, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced that it has completed its previously announced acquisition of the leasehold interest and related assets of RimRock Oil and Gas, LP in the Williston Basin for a total cash consideration of $865 million, …

Devon Energy Schedules Second-Quarter 2022 Earnings Release and Conference Call

OKLAHOMA CITY, June 22, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2022 results on Monday, Aug. 1, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2022 results will be available on th…

Devon Energy Announces Bolt-On Acquisition in the Williston Basin

OKLAHOMA CITY, June 08, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, LP, a Warburg Pincus portfolio company, in the Williston Basin for total …
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Devon Energy Frequently Asked Questions

  • When was Devon Energy founded?

    Devon Energy was founded in 1971.

  • Who are Devon Energy key executives?

    Devon Energy's key executives are Clay Gaspar, Rick Muncrief and Mike Dionisio.

  • How many employees does Devon Energy have?

    Devon Energy has 1,400 employees.

  • What is Devon Energy revenue?

    Latest Devon Energy annual revenue is $12.2 b.

  • What is Devon Energy revenue per employee?

    Latest Devon Energy revenue per employee is $8.7 m.

  • Who are Devon Energy competitors?

    Competitors of Devon Energy include TAQA Group, PBF Energy and Hess.

  • Where is Devon Energy headquarters?

    Devon Energy headquarters is located at Devon Tower, 333 W Sheridan Ave, Oklahoma City.

  • Where are Devon Energy offices?

    Devon Energy has an office in Oklahoma City.

  • How many offices does Devon Energy have?

    Devon Energy has 1 office.