Performance Metrics
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Environment Performance Metrics1 | ||||
2022 | 2023 | 2024 | ||
Direct GHG Emissions (Scope 1) (million tonnes CO2e)2 |
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By Constituent | ||||
Carbon Dioxide (million tonnes CO2e) |
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Methane (million tonnes CO2e) |
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Nitrous Oxides (million tonnes CO2e) |
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By Source | ||||
Flaring/Venting (million tonnes CO2e) | 1.88 | 1.41 | 2.14 | |
Combustion (million tonnes CO2e) | 2.69 | 2.94 | 4.07 | |
Other (million tonnes CO2e) | 0.02 | 0.03 | 0.05 | |
Indirect GHG Emissions from Electricity Use (Scope 2 location-based) (million tonnes CO2e)3 |
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Direct and Indirect GHG Emissions (Scope 1 and Scope 2 location-based) (million tonnes CO2e)2,3 |
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Scope 1 and 2 GHG emissions increased in 2024 compared to 2023 primarily driven by the acquisition of Grayson Mill, along with an increase in combustion-related emissions. See “Our baseline recalculation methodology”. | ||||
Direct GHG Emissions Intensity (Scope 1) (tCO2e/MBoe)2 |
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Direct and Indirect GHG Emissions Intensity (Scope 1 and Scope 2 location-based) (tCO2e/MBoe)2 |
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QM changed 2024 value from 16.55 to 16.71 after data review. |
Indirect GHG Emissions from Use of Sold Products (Scope 3, Category 11) (million tonnes CO2e)4,5 | 90 | 97 | 109 | |
We report indirect emissions from the use of sold products on an equity basis from sources not owned or controlled by Devon; however, it is important to note that Scope 3 emissions estimates are subject to uncertainty, inconsistency and duplication as further described in the Air Emissions section of this report. 2020 estimated Scope 3 emissions are legacy Devon only, while 2021 and 2022 reflects pro-forma Devon + WPX. | ||||
Methane Emissions Intensity (Scope 1) (tCO2e/MBoe)2 |
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Methane Emissions Intensity - Production Segment (Scope 1) (% of natural gas produced)6 | 0.19% | 0.17% | 0.15% | |
Flared Volume (Bcf) | 3.7 | 3.2 | 5.1 | From RR: Includes 2024 Oct-Dec GME volumes. |
Flaring Intensity (% of natural gas produced)7 |
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From RR: Includes 2024 Oct-Dec GME volumes. Devon Intensity = 0.23% + GME for Total Company = 0.53% |
Flaring volumes and flaring intensity increased in 2024 due to the Grayson Mill Energy acquisition on September 27, 2024. | ||||
Energy Usage - Fuel and Electricity Use (trillion BTU)3 | 43.03 | 46.04 | 59.4 | |
Other Air Emissions | ||||
Sulfur Oxides (thousand tonnes CO2e) | --- | 0.13 | 0.22 | SOx, NOx, and VOCs are new metrics added for 2023. 2023 data changed from 0.13 to 0.20 and must not have been updated last year before publish. |
Nitrogen Oxides (thousand tonnes CO2e) | --- | 24.4 | 34.7 | |
Volatile Organic Compounds (million tonnes CO2e) | --- | 21.9 | 32.0 | |
Water Usage (million Bbl)8 | 126 | 150 | 161 | |
Recycled (million Bbl) | 72 | 83 | 95 | |
Sourced (million Bbl) | 54 | 67 | 66 | |
Fresh (million Bbl) - Newly Reported in 2022 | 9 | 7 | 13 | |
Water Usage Intensity (Bbl/Boe produced)8 | 0.44 | 0.49 | 0.46 | Last years report: 2022 = 0.45, 2023 = 0.49 |
Water Usage Intensity (million Bbl/well completion)8 | 0.32 | 0.36 | 0.39 | |
Water Recycle Rate (recycled water Bbl/water usage Bbl)8 | 57% | 55% | 59% | |
Devon's total water usage for completions activities varies with activity levels, targeted formations and lateral lengths, and includes fresh, non-fresh and recycled water volumes. We seek alternatives to freshwater supplies, where possible. | ||||
Reportable Spill Events Released to the Environment (events) | 413 | 330 | 293 | |
Reportable Spill Volumes Released to the Environment (barrels) | 10,858 | 6,262 | 2,612 | |
1 The environment metrics have been calculated using the best available data at the time of publication. Historical metrics are subject to change as we continuously seek to improve our data management practices, data sources and calculation methodologies in order to provide the highest level of transparency, consistency and accuracy. We report environment metrics on an operated basis, unless otherwise noted. | ||||
2 We include all reportable emissions under EPA’s Greenhouse Gas Reporting Program (GHGRP) for Devon operated facilities, as well as non-reportable emissions from our production assets and, beginning in reporting year 2019, gathering and boosting assets. We calculate emissions intensities using gross production as reported under the EPA GHGRP for all reporting segments. | ||||
3 We calculate our Indirect GHG Emissions from Electricity Use (Scope 2) on a location-based methodology using EPA fuel and electricity emissions factors. | ||||
4 We report indirect emissions from the use of sold products (Scope 3) on an equity basis from sources not owned or controlled by Devon. To estimate our Scope 3 emissions, we rely upon Ipieca’s 2016 guidance document Estimating Petroleum Industry Value Chain (Scope 3) Greenhouse Gas Emissions. Per the Ipieca guidance, we report category 11 “Use of Sold Products” by calculating combustion emissions for our oil, natural gas and marketed natural gas liquids products using emissions factors obtained from the EPA and net equity production reported in Devon’s 2024 Annual Report on Form 10-K. | ||||
5 Our methane emissions intensity rate calculation includes all natural gas produced at Devon operated facilities and all methane emissions from Devon operated facilities associated with the production of oil and natural gas. | ||||
Click here to see Devon's calculation methodology for methane emissions intensity | ||||
6 Our flaring intensity rate calculation includes high-pressure flared volumes associated with the production of oil and natural gas. | ||||
7 Our water usage includes all water sources used in completions activities at facilities operated by Devon in 2024. | ||||
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Basis of Reporting GHG Emissions | ||||
Independent Assurance Statement | ||||
Safety Performance Metrics | ||||
2022 | 2023 | 2024 | ||
Fatalities (Employee + Contractor workforce) | 1 | 1 | 0 | |
Total Recordable Incident Rate (TRIR) (Employee + Contractor) | 0.53 | 0.53 | 0.44 | |
TRIR - Employee | 0.56 | 0.75 | 0.79 | |
TRIR - Contractor | 0.53 | 0.50 | 0.39 | |
Serious Incident and Fatality (SIF) Actual Rate (Employee + Contractor)1 | 0.013 | 0.025 | 0.016 | |
Days Away Restricted Transfer (DART) Incident Rate (Employee + Contractor) | 0.35 | 0.30 | 0.22 | |
DART Incident Rate - Employee | 0.17 | 0.30 | 0.44 | |
DART Incident Rate - Contractor | 0.37 | 0.31 | 0.19 | |
Lost Time Incident Rate (LTIR) (Employee + Contractor) | 0.15 | 0.15 | 0.09 | |
LTIR - Employee | 0.11 | 0.20 | 0.26 | |
LTIR - Contractor | 0.16 | 0.15 | 0.07 | |
Preventable Vehicle Incident Rate (per million miles) | 1.96 | 2.28 | 1.45 | |
Employee Hours (million) | 3.6 | 4.0 | 4.5 | |
Contractor Hours (million) | 26.9 | 36.7 | 33.4 | |
1 In 2024, Devon began tracking SIF actual rate in replacement of SIF recordable rate. Current reporting year and prior years data shown above reflect this change. | ||||
Governance Metrics | ||||
2022 | 2023 | 2024 | ||
Independent Board Members | 73% | 91% | 91% | |
As of June 2025, nine of our 10 board members (90%) qualify as independent under NYSE standards and SEC regulations. | ||||
Contributions - Trades and Political (thousands) | $4,347 | $4,024 | $3,003 | |
For more information, see Devon's Political Activity and Lobbying Report available on our website. | ||||
Lobbying - Federal and State (thousands) | $751 | $802 | $813 | |
Devon's lobbying and political activity is disclosed via public agencies, as well as through the company's annual Political Activity and Lobbying Report. | ||||
Social Metrics | ||||
2022 | 2023 | 2024 | ||
Social Investments (millions) | $29.6 | $15.9 | $11.6 | |
Workforce Metrics | ||||
2022 | 2023 | 2024 | ||
Headcount (total company) | 1,860 | 1,956 | 2,288 | |
Headcount increased in 2024 primarily due to the acquisition of Grayson Mill Energy. | ||||
Minorities as a Percentage of Workforce1 | 22% | 24% | 23% | |
Women as a Percentage of Workforce | 23% | 24% | 23% | |
Minorities as a Percentage of Leadership1 | 17% | 17% | 18% | |
Women as a Percentage of Leadership | 16% | 17% | 18% | |
Years of Service | ||||
Less than 5 years (percent of headcount) | 41% | 39% | 42% | |
5-9 years | 32% | 29% | 23% | |
10-14 years | 15% | 18% | 23% | |
15-19 years | 9% | 10% | 8% | |
20-24 years | 2% | 3% | 3% | |
25+ years | 1% | 1% | 1% | |
Median Age | 40 | 41 | 41 | |
Attrition Rate | 4% | 5% | 4% | |
1 As defined by the U.S. Equal Employment Opportunity Commission. | ||||
2 Marginal difference compared to total headcount in EEO-1 due to timing for the calculations. |