Workforce

Cultivating an environment where employees can be their best

Devon sets high standards for operational, financial and ESG performance to meet our stakeholders’ expectations, and our employees consistently strive to deliver results to these standards. Guided by Devon’s values of integrity, relationships, courage and results, we strive to create a work environment where our people can give their best effort every day.

We’re living our values to support each other, display courage and value diversity as we seek to make a positive and sustainable impact. Devon strives to be a caring and connected company where employees are heard, seen and valued, and have opportunities to contribute and grow.

Devon supports individual, team and company progress with family-friendly workplace practices, wellness programs and opportunities to make decisions, drive results and grow their career. We communicate proactively with employees about our goals and performance, and we seek employees’ input and act on their feedback. We’re working to cultivate inclusive, diverse, equitable and respectful communities inside and outside our company.

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Workforce Metrics

	2021	2022	2023
Headcount (total company)	1,645	1,860	1,956
Minorities as a Percentage of Workforce¹	22%	22%	24%
Women as a Percentage of Workforce	24%	23%	24%
Minorities as a Percentage of Leadership¹	15%	17%	17%
Women as a Percentage of Leadership	15%	16%	17%
Years of Service
Less than 5 years (percent of headcount)	36%	41%	39%
5-9 years	38%	32%	29%
10-14 years	15%	15%	18%
15-19 years	8%	9%	10%
20-24 years	2%	2%	3%
25+ years	1%	1%	1%
Median Age	40	40	41
Attrition Rate	5%	4%	5%
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.

Advancing pay equity

To build the workforce we need, we must offer equitable pay and opportunities across the company. We measure our performance and look for ways to further align our practices with our aspirations.

Peer employee pay equity
The salaries of female and minority employees are, on average, positioned equivalently (+/-2% relative to the applicable pay grade) to those of male and nonminority peers.

Employee base pay compensation
All Devon employees make $20/hour or more and receive an annual performance bonus and long-term incentives.

TAKING ACTION

LEARNING AND DEVELOPMENT

Increased professional and leadership learning opportunities grounded in Devon’s values and employee feedback.

EMPLOYEE WELL-BEING

Enhanced our paid time off practices to encourage and support employees to take time off for health, personal and family needs.
Further improved access to mental health resources through an expanded network, in person visits and virtual counseling. We also continued our focus on mental health in field safety engagements.

DIVERSITY, EQUITY AND INCLUSION

Progressed a wide range of policies and programs to reduce bias and improve equity and consistency. These included creating leadership development, training and mentoring opportunities, as well as expanding diversity, equity and inclusion (DEI) programming to all employees.
Increased transparency by disclosing our annual U.S. Equal Employment Opportunity (EEO-1) Report for details on our workforce by race, ethnicity and gender across EEO Commission (EEOC) job categories.
Met our corporate performance scorecard goal to develop new relationships with charitable organizations involved in DEI programming.

The United Nations has established 17 Sustainable Development Goals (SDGs). They’re part of a globally agreed-upon action plan for organizations seeking to provide affordable energy, produced responsibly to protect the environment, while also promoting peace and prosperity for all people. We have identified a wide variety of Devon’s business activities that align with the U.N. SDGs. Here in the workforce section, look for:

Good Health and Well-being
Our Employee Experience

Gender Equality
Diversity, Equity and Inclusion