Devon Energy Corporation

Company

Investment-firm

Last deal

Amount

Private Equity

Stage

31.12.2019

Date

1

all rounds

General

About Company
Devon Energy Corporation is an independent energy company that explores, develops, and produces oil, natural gas, and natural gas liquids.

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founded date

01.01.1971

Number of employees

Company Type

For Profit

Last funding type

Private Equity

IPO status

Private

Description

The Oklahoma City-based company is one of the largest independent exploration and production companies in North America, with assets throughout onshore North America, including the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. Devon Energy's proved reserves at year-end 2021 were 1.6 billion barrels of oil equivalent, and net production was 572 thousand boe/d, with a focus on safe and sustainable operations. The company's disciplined cash-return business model generates free cash flow and returns capital to shareholders. Devon Energy is a Fortune 500 company and is included in the S&P 500 Index, with common shares trading on the NYSE under the ticker symbol DVN.
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