OverviewSuggest Edit

Devon Energy is an independent energy company engaged in the exploration and production of oil and natural gas. The Company 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, US
Websitedevonenergy.com
Employee Ratings3.7

Locations

Devon Energy is headquartered in
Oklahoma City, United States

Location Map

Latest Updates

Employees (est.) (Dec 2019)1,800(-37%)
Job Openings2
Revenue (FY, 2019)$6.2 B(-42%)
Share Price (Oct 2020)$8.9 (-4%)
Cybersecurity ratingAMore

Key People/Management at Devon Energy

Duane C. Radtke

Duane C. Radtke

Chairman
Jeremy Colby

Jeremy Colby

Vice President, Total Rewards and Employee Services
Scott Coody

Scott Coody

Vice President, Investor Relations
David Harris

David Harris

Executive Vice President, Exploration and Production
Dave Hager

Dave Hager

President, Chief Executive Officer & Director
Barbara M. Baumann

Barbara M. Baumann

Director
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Devon Energy Office Locations

Devon Energy has an office in Oklahoma City
Oklahoma City, 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 $6.22 b in FY, 2019
USD

Revenue (Q2, 2020)

394.0m

Net income (Q2, 2020)

(668.0m)

EBIT (Q2, 2020)

(677.0m)

Market capitalization (16-Oct-2020)

3.4b

Closing stock price (16-Oct-2020)

8.9

Cash (30-Jun-2020)

1.5b

EV

6.2b
Devon Energy's current market capitalization is $3.4 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

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

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, 2020

Revenue

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

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, 2019

Cash

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

Accounts Receivable

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

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, 2019

Net Income

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

Depreciation and Amortization

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

Accounts Payable

37.0m64.0m(8.0m)

Cash From Operating Activities

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

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x
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Devon Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Devon Energy Online and Social Media Presence

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Devon Energy News and Updates

Devon Energy Releases 2020 Sustainability Report Highlighting Emissions and Flaring Reductions, Crisis Management, Conservation and Community Partnerships

OKLAHOMA CITY, Oct. 12, 2020 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today released its 2020 Sustainability Report which highlights the company’s performance and efforts related to emissions and flaring reductions, environment preservation, pandemic and crisis management, employee empow…

Lifshitz Law Firm, P.C. Announces Investigation of AMAG Pharmaceuticals, Inc., MobileIron, Inc., Monaker Group, Inc., Seacoast Commerce Banc Holdings, Perceptron, Inc., Standard AVB Financial Corp., Virtusa Corporation, WPX Energy, Inc. and Devon Energy Corporation

NEW YORK, Oct. 2, 2020 /PRNewswire/ -- AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of AMAG to Covis Group S.à r.l. for $13.75 per share. If you are a AMAG investor, and would...

Devon Energy Completes Sale of Barnett Shale Assets

OKLAHOMA CITY, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced that it has completed the sale of its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV). Devon received a cash payment of $320 million from BKV at closing, after adjusting for a $170 million de…

Devon Energy, WPX reach merger deal worth $12 billion

Devon Energy, WPX reach merger deal worth $12 billion

Devon Energy and WPX to combine in all-stock merger of equals with enterprise value of about $12 billion

Devon Energy Corp. and WPX Energy Inc. said they have agreed to combine in an all-stock merger of equals with an enterprise value of about $12 billion. The deal was reported earlier by the Wall Street Journal. Under the terms of the deal, WPX shareholders will receive 0.5165 shares of Devon common…
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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 Duane C. Radtke, Jeremy Colby and Scott Coody.

  • How many employees does Devon Energy have?

    Devon Energy has 1,800 employees.

  • What is Devon Energy revenue?

    Latest Devon Energy annual revenue is $6.2 b.

  • What is Devon Energy revenue per employee?

    Latest Devon Energy revenue per employee is $3.5 m.

  • Who are Devon Energy competitors?

    Competitors of Devon Energy include CPS Energy, JPRC and Painted Pony.

  • 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.