About Us
About Company
Overview
Devon Energy is a leading independent oil and natural gas exploration and production company. Devon's operations are focused onshore in the United States. The company's portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth. Devon's fourth quarter 2024 daily production was approximately 398,000 barrels of oil, about 221,000 barrels of natural gas liquids and nearly 1.4 billion cubic feet of natural gas. Headquartered in Oklahoma City, Devon is a Fortune 500 company and is included in the S&P 500 Index. Its common shares trade on the New York Stock Exchange under the ticker symbol DVN.
Our culture in action
Every person at Devon contributing to their fullest and making a positive impact every day.
Our culture beliefs
- We believe it is foundational to Devon’s success now and in the future that our team include people with a variety of backgrounds, perspectives, experiences and abilities.
- We believe fairness is at the core of our culture, policies and practices, and strive for all employees to have access to opportunities.
- We believe in relationships and will ensure all employees feel seen, valued, heard and connected.
Strategic Priorities
Our business strategy is focused on delivering a consistently competitive shareholder return among our peer group. Because the business of exploring for, developing and producing oil and natural gas is capital intensive, delivering sustainable, capital efficient cash flow growth is a key tenet to our success. While our cash flow is highly dependent on volatile and uncertain commodity prices, we pursue our strategy throughout all commodity price cycles by focusing on the following strategic priorities:
Operating excellence
- Operating safely, reliably and in an environmentally responsible manner
- Embrace innovative thinking and technology to improve business performance
Advantaged asset portfolio
- Diversified multi-basin portfolio in top U.S. resource plays
- High-quality inventory depth underpins long-term sustainability
Maintaining financial strength
- Disciplined reinvestment to maximize free cash flow
- Committed to maintaining low leverage (<1.0x debt-to-EBITDAX)
Delivering value to shareholders
- Dedicated to sustainable, annual growth in fixed dividend
- Enhancing return of capital with a share buyback program
Cultivating a culture to succeed
- Valuing and investing in our employees
- Being a good steward to the communities we operate in
Why Choose Us
Reason For Choosing Us
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Quality Material
Mission Statement
Devon is a results-oriented energy company. We build value for shareholders through our employees by creating a culture of health, safety and environmental stewardship. We cultivate an atmosphere of optimism, teamwork, creativity and resourcefulness by dealing with everyone in an open and ethical manner.
Vision Statement
