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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, USMap
Websitedevonenergy.com
Employee Ratings3.9More
Overall CultureC+More
View Jobs (22)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2020)1,400(-22%)
Job Openings22
Revenue (FY, 2020)$4.8 B(-22%)
Share Price (Sept 2021)$32.8(+8%)
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
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Devon Energy Financials and Metrics

Devon Energy Revenue

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Devon Energy's revenue was reported to be $4.83 b in FY, 2020 which is a 22.4% decrease from the previous period.
USD

Revenue (Q1, 2021)

1.8b

Gross profit (Q1, 2021)

750.0m

Gross profit margin (Q1, 2021), %

42.6%

Net income (Q1, 2021)

216.0m

Market capitalization (23-Sept-2021)

20.6b

Closing stock price (23-Sept-2021)

32.8

Cash (31-Mar-2021)

1.9b

EV

26.3b
Devon Energy's current market capitalization is $20.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

10.7b6.2b4.8b

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, 2021

Revenue

1.5b1.9b1.8b2.1b394.0m1.1b1.8b

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%
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Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.4b1.5b2.2b

Accounts Receivable

885.0m832.0m601.0m

Current Assets

4.4b3.9b3.3b

PP&E

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

Cash

1.3b3.5b1.4b1.5b1.5b1.7b1.9b

Accounts Receivable

1.0b842.0m787.0m594.0m515.0m493.0m1.1b

Current Assets

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

PP&E

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

Net Income

3.2b(353.0m)(2.7b)

Depreciation and Amortization

1.7b1.5b1.3b

Cash From Operating Activities

2.2b2.0b1.5b

Purchases of PP&E

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

Net Income

(317.0m)178.0m287.0m(1.8b)(2.5b)(2.6b)216.0m

Depreciation and Amortization

459.0m774.0m1.2b401.0m700.0m999.0m467.0m

Cash From Operating Activities

377.0m966.0m1.6b529.0m679.0m1.1b592.0m

Purchases of PP&E

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

EV/CFO

6.1 x

Revenue/Employee

3.7m

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.1 x

P/E Ratio

3.7
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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
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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: 90.1% from U.S. and 9.9% from Canada

Human Capital Metrics

Source: craft.co, craft.co
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Devon Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

Learn more about our premium products
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Devon Energy Online and Social Media Presence

Devon Energy's Trends

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Devon Energy Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    A+

    78/100

  • Compensation

    C-

    59/100

Learn more on Comparably

Devon Energy News and Updates

July 07, 2021

Stocks making the biggest moves in the premarket: Devon Energy, Didi, Sunnova, Whirlpool & more

Check out the companies making headlines in midday trading.
June 24, 2021

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

OKLAHOMA CITY, June 24, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2021 results on Tuesday, Aug. 3, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2021 results will be available on t…
June 21, 2021

Devon Energy Establishes New Environmental Performance Targets Including Net Zero GHG Emissions

KEY TARGET HIGHLIGHTS
June 01, 2021

Stocks making the biggest moves midday: Devon Energy, Cloudera, AMC and more

These are the stocks posting the largest moves in midday trading on Tuesday.
May 24, 2021

Devon Energy Corporation Announces Early Tender Results and Receipt of Requisite Consents to Amend Outstanding Notes of WPX Energy, Inc.

OKLAHOMA CITY, May 24, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) (the “Company” or “Devon”) announced today that (i) as of 5:00 p.m., New York City time, on May 21, 2021 (the “Original Early Tender Deadline”), $1,958,718,000 in aggregate principal amount of the outstanding note…
May 17, 2021

Devon Energy Celebrates 50 Years of Success

OKLAHOMA CITY, May 17, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) is celebrating its ‘golden’ anniversary this month after 50 years of success in the oil and gas industry. Founded by John and Larry Nichols in 1971, the company started with no assets and five employees, but by 1988, wa…
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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 $4.8 b.

  • What is Devon Energy revenue per employee?

    Latest Devon Energy revenue per employee is $3.4 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.