Devon Energy Corporation
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Devon Energy Corporation - overview
Established
1971
Location
Oklahoma City, OK, US
Primary Industry
Oil & Gas
About
Devon Energy Corporation is a leading entity in oil and natural gas exploration, production, and management, focusing on sustainable energy solutions across the United States. Founded in 1971, Devon Energy Corporation is headquartered in Oklahoma City, US. The company specializes in the extraction and management of oil and natural gas resources, primarily operating in key U. S.
basins such as the Delaware Basin and Eagle Ford. Vikram Kapoor is noted as the founder of the company. Devon Energy Corporation specializes in the exploration, production, and management of oil and natural gas resources. The company operates primarily in key U.
S. basins, including the Delaware Basin, Eagle Ford, Anadarko Basin, Powder River Basin, and Williston Basin. Through its comprehensive business model, Devon focuses on delivering sustainable energy solutions while engaging in responsible environmental stewardship. The company's operations serve a broad client base including utilities, industrial manufacturers, and other energy-dependent businesses across various geographical markets, primarily in the United States.
Devon's commitment to optimizing capital efficiency and reducing carbon intensity underscores its objective to provide reliable energy resources while addressing environmental concerns. In the most recent year, 2024, Devon Energy reported revenue of USD 15. 94 bn and an EBITDA of USD 7. 33 bn.
The company generates revenue primarily through the sale of oil, natural gas, and natural gas liquids, engaging in direct transactions with a diverse array of clients, including industrial users and energy distributors. Revenue streams are structured around sales agreements that involve the delivery of hydrocarbons at agreed-upon pricing based on market conditions. Devon’s revenue model is supported by its fixed quarterly cash dividend, reflecting its financial performance and commitment to returning value to shareholders. Devon Energy is currently exploring new markets for expansion and aiming to enhance its product offerings.
Specific upcoming initiatives include the development of innovative natural gas solutions targeted for launch by the end of 2025. The company plans to expand its operations into the Appalachian and Permian Basins to enhance its market presence by 2026. Recent funding will be strategically utilized to support these expansion efforts, ensuring that they align with Devon's commitment to sustainable practices.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production
Website
www.devonenergy.com
Total Amount Raised
Subscriber access only
Devon Energy Corporation - timeline of key events
Devon Energy Corporation - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,454,000,000 | 9,502,000,000 | 10,397,000,000 | 19,566,000,000 | 13,145,000,000 | 10,304,000,000 | 13,949,000,000 | 10,734,000,000 | 6,220,000,000 | 4,828,000,000 | 12,206,000,000 | 19,169,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | (17.0%) | 9.4% | 88.2% | (32.8%) | (21.6%) | 35.4% | (23.0%) | (42.1%) | (22.4%) | 152.8% | 57.0% | - | - | - |
| EBITDA (USD) | 6,890,000,000 | 2,900,000,000 | 3,401,000,000 | 8,017,000,000 | (17,598,000,000) | (909,000,000) | 3,468,000,000 | 3,172,000,000 | 1,638,000,000 | (1,520,000,000) | 5,385,000,000 | 10,307,000,000 | - | - | - |
| Operating Income (USD) | 4,642,000,000 | 89,000,000 | 621,000,000 | 4,698,000,000 | (20,727,000,000) | (2,895,000,000) | 1,394,000,000 | 1,514,000,000 | 141,000,000 | (2,820,000,000) | 3,227,000,000 | 8,084,000,000 | - | - | - |
| Operating Margin | 40.5% | 0.9% | 6.0% | 24.0% | (157.7%) | (28.1%) | 10.0% | 14.1% | 2.3% | (58.4%) | 26.4% | 42.2% | - | - | - |
| % EBITDA Margin | 60.2% | 30.5% | 32.7% | 41.0% | (133.9%) | (8.8%) | 24.9% | 29.6% | 26.3% | (31.5%) | 44.1% | 53.8% | - | - | - |
| NET Income (USD) | 4,704,000,000 | (206,000,000) | (20,000,000) | 1,691,000,000 | (15,203,000,000) | (3,704,000,000) | 1,078,000,000 | 3,224,000,000 | (353,000,000) | (2,671,000,000) | 2,833,000,000 | 6,037,000,000 | - | - | - |
| % Net Margin | 41.1% | (2.2%) | (0.2%) | 8.6% | (115.7%) | (35.9%) | 7.7% | 30.0% | (5.7%) | (55.3%) | 23.2% | 31.5% | - | - | - |
Devon Energy Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Grayson Mill Energy, LLC's Williston Basin business | - | ||||||||
| Add-on | Announced | RimRock Oil & Gas, LP's leasehold interest and related assets | - | ||||||||
| Trade Sale | Completed | RimRock Oil & Gas, LP | - | ||||||||
| Add-on | Completed | Validus Energy | - | ||||||||
| Merger | Completed | WPX Energy, Inc. | - |
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Devon Energy Corporation - employee data
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