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 Ratings3.8
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)1,800(-37%)
Job Openings5
Revenue (FY, 2020)$4.8 B(-22%)
Share Price (Apr 2021)$21.9(+3%)
Cybersecurity ratingAMore

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
Show all (1)

Devon Energy Financials and Metrics

Devon Energy Revenue

Devon Energy's revenue was reported to be $4.83 b in FY, 2020
USD

Revenue (FY, 2020)

4.8b

Net income (FY, 2020)

(2.7b)

EBIT (FY, 2020)

(2.5b)

Market capitalization (26-Apr-2021)

14.5b

Closing stock price (26-Apr-2021)

21.9

Cash (31-Dec-2020)

2.0b

EV

17.0b
Devon Energy's current market capitalization is $14.5 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

9.9b11.5b9.5b10.4b20.6b13.1b12.2b13.9b10.7b6.2b4.8b

Revenue growth, %

98%(36%)(7%)

Cost of goods sold

4.4b2.8b

Gross profit

6.4b3.4b
Quarterly
USDQ1, 2010Q3, 2010Q1, 2011Q2, 2011Q1, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

3.2b2.1b3.2b2.5b1.9b2.0b3.1b2.7b3.7b4.5b5.3b3.3b3.4b3.6b2.1b2.5b4.2b3.5b3.3b3.2b3.8b2.2b2.6b1.5b1.9b1.8b2.1b394.0m1.1b

Cost of goods sold

759.0m713.0m684.0m578.0m

Gross profit

742.0m1.2b1.2b1.5b

Gross profit Margin, %

49%63%63%72%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

3.3b5.6b4.6b6.1b1.5b2.3b2.0b2.7b2.4b1.5b2.0b

Accounts Receivable

1.2b1.4b1.2b1.5b2.0b1.1b1.4b1.7b885.0m832.0m601.0m

Prepaid Expenses

924.0m847.0m746.0m448.0m941.0m279.0m

Inventories

120.0m110.0m
Quarterly
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

4.6b4.7b(206.0m)(20.0m)1.7b(15.2b)(3.7b)1.1b3.2b(353.0m)(2.7b)

Depreciation and Amortization

1.9b2.2b2.8b2.1b1.7b1.5b1.3b

Accounts Payable

37.0m64.0m(8.0m)(38.0m)

Cash From Operating Activities

5.5b6.2b5.0b5.4b6.0b5.4b1.7b2.9b2.2b2.0b1.5b
USDQ1, 2010

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x
Show all financial metrics

Devon Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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

Embed Graph

Devon Energy Company Culture

  • Overall Culture

    C+

    66/100

  • CEO Rating

    B

    70/100

  • Compensation

    C-

    59/100

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Devon Energy News and Updates

Devon Energy Schedules First-Quarter 2021 Earnings Release and Conference Call

OKLAHOMA CITY, March 30, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2021 results on Tuesday, May 4, after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2021 results will be available on the…

Devon Energy Announces Early Redemption of $700 Million of Senior Notes

OKLAHOMA CITY, March 11, 2021 (GLOBE NEWSWIRE) -- WPX Energy, Inc. (“WPX”), a wholly-owned subsidiary of Devon Energy Corporation (the “Company”), notified The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”) under that certain Indenture, dated as of September 8, 2014, betwe…

Devon Energy Reports Fourth-Quarter and Full-Year 2020 Financial and Operational Results

OKLAHOMA CITY, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth quarter and full year of 2020. The company’s earnings release, supplemental financial tables, updated guidance and related earnings presentation can be ac…

Devon Energy and WPX Energy Complete Merger of Equals Transaction

OKLAHOMA CITY and TULSA, Okla., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the successful completion of their previously announced all-stock merger of equals, creating a leading energy producer in the U.…
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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 1,800 employees.

  • What is Devon Energy revenue?

    Latest Devon Energy annual revenue is $4.8 b.

  • What is Devon Energy revenue per employee?

    Latest Devon Energy revenue per employee is $2.7 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.