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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 Ratings3.6More
Overall CultureC+More
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Latest Updates

Employees (est.) (Dec 2019)1,800(-37%)
Revenue (FY, 2019)$6.2 B(-42%)
Share Price (Feb 2021)$17.9 (-1%)
Cybersecurity ratingAMore

Key People/Management at Devon Energy

Mike Dionisio

Mike Dionisio

Vice President, Supply Chain and Marketing
Jeff Ritenour

Jeff Ritenour

Executive Vice President and Chief Financial Officer
Jeremy Humphers

Jeremy Humphers

Senior Vice President and Chief Accounting Officer
Gregg Jacob

Gregg Jacob

Vice President, Mid-Continent Business Unit
Tana Cashion

Tana Cashion

Senior Vice President, Human Resources
Jeremy Colby

Jeremy Colby

Vice President, Total Rewards and Employee Services
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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 $6.22 b in FY, 2019
USD

Revenue (Q3, 2020)

1.1b

Net income (Q3, 2020)

(90.0m)

EBIT (Q3, 2020)

(103.0m)

Market capitalization (5-Feb-2021)

12.0b

Closing stock price (5-Feb-2021)

17.9

Cash (30-Sept-2020)

1.7b

EV

14.9b
Devon Energy's current market capitalization is $12 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, 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%
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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
USDQ1, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 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

Cash

1.2b1.7b3.4b5.6b5.8b6.1b5.3b5.3b3.4b4.3b2.0b1.7b3.4b1.9b1.7b1.8b1.6b1.7b2.4b2.1b2.4b2.8b1.4b1.5b3.1b1.3b3.5b1.4b1.5b1.5b1.7b

Accounts Receivable

1.3b1.3b1.4b1.4b1.1b1.0b1.1b1.4b1.5b1.5b2.6b2.3b2.0b1.7b1.6b1.3b1.0b1.2b1.1b1.3b1.2b1.5b1.7b1.1b1.2b1.0b842.0m787.0m594.0m515.0m493.0m

Prepaid Expenses

264.0m850.0m711.0m1.3b861.0m1.2b818.0m533.0m587.0m475.0m413.0m385.0m556.0m579.0m470.0m495.0m214.0m364.0m257.0m336.0m469.0m379.0m516.0m455.0m429.0m338.0m354.0m383.0m

Inventories

116.0m137.0m98.0m123.0m220.0m185.0m
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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
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 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

Net Income

1.9b4.0b416.0m3.2b4.2b393.0m870.0m151.0m(1.3b)(656.0m)(227.0m)329.0m1.0b2.1b(3.6b)(6.4b)(10.3b)(3.5b)(5.0b)(4.0b)579.0m1.0b1.3b(153.0m)(488.0m)2.1b(317.0m)178.0m287.0m(1.8b)(2.5b)(2.6b)

Depreciation and Amortization

552.0m978.0m1.4b506.0m1.1b1.6b680.0m1.4b704.0m1.4b2.1b739.0m1.6b2.4b930.0m1.7b2.5b542.0m1.0b1.4b381.0m762.0m1.2b537.0m819.0m1.2b459.0m774.0m1.2b401.0m700.0m999.0m

Accounts Payable

(21.0m)49.0m45.0m9.0m58.0m(226.0m)13.0m77.0m83.0m56.0m(15.0m)4.0m(21.0m)(2.0m)9.0m

Cash From Operating Activities

1.5b2.9b4.2b1.3b2.8b4.2b1.0b2.5b3.8b1.0b2.4b4.0b1.4b3.5b5.0b1.6b2.7b4.3b149.0m484.0m1.2b834.0m1.6b2.4b804.0m879.0m1.7b377.0m966.0m1.6b529.0m679.0m1.1b
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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

94/100

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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+

    66/100

  • CEO Rating

    B

    70/100

  • Compensation

    C-

    59/100

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Devon Energy News and Updates

January 07, 2021

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.…
December 30, 2020

Devon Energy and WPX Energy Shareholders Approve Merger of Equals

OKLAHOMA CITY & TULSA, Okla., Dec. 30, 2020 (GLOBE NEWSWIRE) -- Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the shareholders of both companies voted in favor of all proposals necessary for the closing of the previously announced all-s…
December 02, 2020

Devon Energy Announces First-Quarter 2021 Cash Dividend for Common Stockholders

OKLAHOMA CITY, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2021. The dividend is payable on March 31, 2021, at a rate of $0.11 per share based on…
November 10, 2020

Kaskela Law LLC Announces Shareholder Investigation of Devon Energy Corp. (DVN) Following Merger Agreement

PHILADELPHIA, Nov. 9, 2020 /PRNewswire/ -- Kaskela Law LLC announces that is investigating Devon Energy Corp. ("Devon" or the "Company") (NYSE: DVN) on behalf of the Company's shareholders. On September 28, 2020, Devon announced that it had entered into an agreement to combine with WPX...
October 12, 2020

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…
October 03, 2020

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...
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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 Mike Dionisio, Jeff Ritenour and Jeremy Humphers.

  • 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 PBF Energy, Hess and EOG Resources.

  • 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.