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DE
International Oil Company
Upstream
NYSE: DVN
Devon Energy
Oklahoma City, Oklahoma, United States · Established 1971 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
Devon Energy Corporation is a US independent E&P focused on the Delaware Basin (Permian), Eagle Ford, and Anadarko Basin (STACK/SCOOP). The company maintains a variable dividend policy returning excess free cash flow to shareholders.
FY2024 revenue approximated $15 billion with net income near $3.5 billion. Production near 660 kbpd BOE with oil-weighted Delaware Basin development. Grayson Mill acquisition expanded Williston Basin footprint in 2024.
Capital discipline and low breakeven costs (l...
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