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Devon Energy Corp. operates in the energy sector within the oil and natural gas exploration and production industry. Founded in the United States, the company is recognized as one of the leading independent oil and gas producers, with operations across strategic regions in North America.
The business model is centered on the exploration, production and commercialization of hydrocarbons, with a focus on operational efficiency and cost optimization to maximize profitability.
Activities include the extraction of crude oil, natural gas and natural gas liquids (NGLs), concentrated in high-productivity areas in the United States such as the Delaware Basin, Eagle Ford, Anadarko Basin, Powder River Basin and Williston Basin.
The company serves both domestic and international markets, selling its production to refineries, energy distributors and industrial clients.
Performance is directly influenced by factors such as global oil prices, energy demand and environmental regulations. Key market drivers include volatility in oil and gas prices and advancements in extraction technologies.
To maintain competitiveness, the company invests in operational efficiency, carbon-emission reduction and sustainable production practices. Its operational structure includes more than 1,400 employees distributed across field operations, processing facilities and administrative offices.
Devon Energy is listed on the New York Stock Exchange (NYSE) under the ticker DVN. In Brazil, its assets can be accessed through the BDR D1VN34, available on B3.
History and Foundation
Devon Energy Corp. was founded in 1971 in Oklahoma City, Oklahoma, by John Nichols and his son, Larry Nichols. Initially, it operated as a small independent oil and natural gas producer focused on onshore exploration in the United States.
During its early years, Devon expanded through the acquisition of oil fields and adoption of new drilling technologies. Throughout the 1980s and 1990s, it emerged as a key developer of unconventional reserves, investing in innovative extraction techniques to increase production efficiency.
In the 2000s, the company accelerated its growth through acquisitions of strategic assets and companies. In 2001, it acquired Mitchell Energy & Development, a pioneer in hydraulic fracturing (fracking), which significantly expanded its natural gas production capabilities.
Another major milestone occurred in 2010, when Devon divested its international and Gulf of Mexico assets to focus exclusively on onshore production in the United States and Canada. This strategy enabled resource optimization and expansion in hydrocarbon-rich regions.
Between 2020 and 2024, Devon Energy continued to invest in technologies aimed at improving extraction efficiency and reducing the environmental impact of operations. The company also expanded initiatives related to cleaner energy and sustainability, aligned with the global energy transition trend.
Devon Energy remains a key player in the oil and gas industry, combining innovation, operational efficiency and adaptation to evolving global energy market dynamics.
Additional Information
The Company Devon Energy Corp. (United States), is listed on NYSE with a market cap of $ 22.39 Billions, having an equity of $ 15.35 Billions.
With a total of 1.400 employees, the company is listed in the sector of Energy and categorized in industry of Extraction of Oil and natural Gas.
In the last 12 months the Company had a revenue of $ 17.47 Billions, which generated a profit in the amount of $ 2.72 Billions.
As for its main indicators, the Company has a P/E ratio of 8.23, a P/BV ratio of 1.46 and in the last 12 months the dividend yield of DVN was at 2.64%.
The Company is traded internationally through the ticker DVN.
