Devon Energy Corporation is a leading independent oil and natural gas exploration and production company. Devon's operations are focused onshore in the United States and Canada.
The company's portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth. Devon has more than doubled its onshore North American oil production since 2011 and has a deep inventory of development opportunities to deliver future oil growth. Devon also produces about 1.6 billion cubic feet of natural gas a day and about 130,000 barrels of natural gas liquids per day.
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.
Devon's primary goal is to build value per share by:
- Exploring for undiscovered oil and natural gas reserves;
- Purchasing and developing oil and natural gas properties;
- Enhancing the value of production through marketing and midstream activities;
- Optimizing production operations to control costs;
- Maintaining a strong balance sheet.
Devon will deliver consistent top-quartile shareholder return among its peer group through a highly engaged culture focused on innovation, safety, operational excellence, environmental stewardship and social responsibility.
Our belief that our people are our most important asset provides the foundation for all of our values and convictions. Our extensive portfolio of corporate resources is, however, not enough to make us "the best." To be the best, we need the best people – people who are always striving to obtain more and to maximize value for our company.
The most important of our values, integrity, defines the core of every relationship we have. Whether inside the company or outside the company, integrity establishes the trust that is critical to the relationships that make our values work. Embracing honesty and integrity as our most important value means we stick by our word and we will always do the right thing, even when no one is looking.
As stewards of a public company, it is our job to constantly strive to increase shareholder value. That is why we have to be results-driven with a clear focus on achievement. By conducting our business with a sense of urgency, we will remain more agile than companies a fraction of our size with the result that "big" will never mean slow.
A central value of our company is the belief that teamwork and collaboration will create a better organization, provide more fulfillment for employees, significantly reduce bureaucracy and dramatically improve results. Teamwork and cooperation increases nimbleness, enhances effectiveness and helps to create an atmosphere of trust and goodwill that directly results in better performance.
With the continued expansion of our business, the spectrum of communities that are touched by our operations continually broadens. That is why we have a fundamental respect for the environment and the people and communities in which we operate.
Culture of Achievement Videos
Devon’s values come to life through a series of brief videos that illustrate the company’s strong culture of achievement. Devon’s employees have collaborated on numerous, industry-leading accomplishments many times since John Nichols, and his son, Larry, founded the company in 1971. Discover more about Devon’s culture though a series of videos that demonstrate Devon’s commitment to innovation, collaboration and teamwork.