PARTNERING WITH OUR NEIGHBORS
We support the communities where we operate because it’s the right thing to do for our neighbors and our business. Our corporate contributions program provides support in the following areas: community development, social services, environment and conservation, education, emergency response and preparedness and arts and culture.
Beyond financial support, Devon employees get involved through volunteerism and civic participation. This includes initiatives with organizations including United Way agencies, Future Farmers of America, colleges and universities, public schools, chambers of commerce, local and regional food banks, fire departments and arts and cultural organizations. Through the Devon Volunteer Network, our U.S. employees logged nearly 30,000 total volunteer hours during 2014 and 2015.
These are ways Devon contributes to building the type of strong, vibrant communities that healthy businesses need to be successful.
Taxes and royalties
Devon also contributes to local communities through the taxes and royalties it pays on oil and natural gas production. In 2015, Devon paid $392 million in production and property taxes in Texas, New Mexico, Wyoming and Oklahoma.
These taxes help fund a variety of government needs, including public education and state and county roads. Additionally, Devon pays ad valorem taxes, corporate income taxes and sales taxes where the company operates.
Devon also pays royalties to mineral rights owners. In 2015, these payments totaled more than $1.1 billion to individuals, nearly $130 million to the U.S. government, more than $100 million to various state governments and $45 million to the Alberta government in Canada.
These tax and royalty payments combine to significantly improve the quality of life in every community where Devon has a presence.