Devon Energy Corp
DVN
NYSE
Energy
$40.25
USD
-$1.78 (-4.24%)
Last close
Market Cap:
$48.65B
Volume:
11.7M
Key Statistics
Previous Close
$42.03
Day Range
$40.16 - $41.78
52 Week Range
$31.45 - $52.71
Average Volume (10 Days)
16.5M
P/E Ratio
18.41
Dividend Yield
1.26%
About This Company
Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. The company is headquartered in Oklahoma City, Oklahoma and currently employs 2,200 full-time employees. The firm is primarily engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The company owns a portfolio of assets located in the Delaware Basin, Rockies, Eagle Ford and Anadarko Basin. The Delaware Basin operates in southeast New Mexico and across the state line into west Texas. The company offers exploration and development opportunities from many geologic reservoirs and play types, including the oil-rich Wolfcamp, Bone Spring, Avalon and Delaware formations. Its Rockies development consists of its Williston Basin and Powder River Basin assets. The Eagle Ford operations are located in Texas' DeWitt and Karnes counties. The Anadarko Basin development is located in western Oklahoma. The company has a joint venture with Dow to develop a portion of its Anadarko Basin acreage.
CEO
Mr. Clay Gaspar
Headquaters
Oklahoma City, OKLAHOMA, US
Founded
1985
Employees
2,200
Latest News
Devon Energy Extends Deadline for Coterra Notes Exchange Offers
Devon Energy extended the deadline for its exchange offers on outstanding Coterra Energy notes, allowing all participants through the final expiration date to receive the same total consideration previously reserved for early participants. The company secured sufficient bondholder consents to amend the governing indentures for five series of Coterra notes, with settlement expected in late June 2026.
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Devon Energy Leads Historic $4 Billion Federal Oil Lease Auction
A federal oil and gas lease sale in New Mexico and Texas generated over $4 billion in receipts, marking the largest onshore lease sale in U.S. history. The auction covered 74 parcels totaling 33,530 acres in the Permian Basin and was conducted under a reduced federal royalty rate of 12.5%, down from 16.67%.
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Trump Energy Officials Push Oil CEOs to Boost Production Amid Iran Crisis
The Trump administration is directly appealing to major U.S. oil and gas executives to ramp up production as crude prices surge above $100 per barrel following Iran's closure of the Strait of Hormuz. Energy Secretary Chris Wright and Interior Secretary Doug Burgum held a call with CEOs from Exxon Mobil, Chevron, Occidental Petroleum, Continental Resources, and others, emphasizing the need for increased drilling and permitting reform to address soaring gasoline prices now exceeding $4 per gallon nationally.
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