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.
The company's portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth. Currently, the company produces approximately 140,000 barrels of oil per day and has a deep inventory of development opportunities to deliver future growth. Devon also produces about 575 million cubic feet of natural gas a day and about 80,000 barrels of natural gas liquids per day.
Devon is focused on the following strategic priorities intended to optimize returns and deliver top-tier, capital-efficient cash-flow growth:
- Maximize cash flow by optimizing base production and reducing per-unit cash costs
- Improve capital efficiency with a concentration of investment on the highest-returning development projects
- Simplify our portfolio by monetizing non-core assets
- Improve financial strength by reducing debt
- Return cash to shareholders
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 is a results-oriented oil and gas company that builds value for shareholders through our employees by creating a culture of health, safety and environmental stewardship in an atmosphere of optimism, teamwork, creativity and resourcefulness and by dealing with everyone in an open and ethical manner.
To be the premier independent oil and natural gas company in North America.
Because our people are the company’s most important resource, we develop employees’ knowledge and creativity, and we cultivate an atmosphere where everyone can share an idea and know that it will be heard.
In a competitive environment, this mantra too often gets pushed aside. At Devon, we refuse to succumb to ethical lapses. We embrace honesty and uncompromised integrity as our foremost core value.
In our commitment to increase shareholder value, we instill a desire for continuous improvement, both as individuals and as a company. We do this through hard work and individual ownership of Devon’s goals and objectives.
We foster teamwork and a culture of trust and goodwill, because a focused, fulfilled and engaged workforce brings more job satisfaction and ultimately yields a more successful company.
We share a fundamental respect for the environment and constantly strive to improve the overall quality of life in the communities where we operate. We do this at both the corporate and individual levels.