Devon Energy
Devon Energy is a leading independent energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. The company operates a diverse portfolio of high-quality onshore assets in the United States, primarily centered in the Delaware Basin, with additional core positions in the Rockies, Eagle Ford, and Anadarko Basin.
Financials
Based on Q1 2026 filing
Revenue
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Oil and Natural Gas Production
primaryThe primary business segment focused on the extraction and sale of crude oil, natural gas, and natural gas liquids from onshore resource plays.
Crude Oil, Natural Gas, Natural Gas Liquids (NGLs)
Refiners, Marketing Companies, Midstream Operators, Industrial Consumers
Segment Financials
Delaware Basin — Proved Developed And Undeveloped Reserve Extension And Discovery Energy
View metricAnadarko Basin — Proved Developed And Undeveloped Reserve Extension And Discovery Energy
View metricDelaware Basin — Proved Undeveloped Reserves Percentage Extensions And Discoveries Energy
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Competitive Position
A leading large-cap shale operator with a premier position in the economic core of the Delaware Basin and a focus on capital efficiency and shareholder returns.
Geographies
United States, Delaware Basin, Williston Basin, Eagle Ford, Anadarko Basin, Rockies
Customer Segments
Energy Wholesalers, Refining Companies, Utility Providers
Upstream Dependencies
Oilfield Service Providers, Drilling Rig Operators, Equipment Manufacturers, Land and Mineral Rights Owners
Downstream Customers
Petrochemical Manufacturers, Refineries, Natural Gas Utilities, Export Terminals
Competitors & Partners
Competitors
Subsidiaries
Grayson Mill Energy (Williston Basin business)
Acquired Williston Basin assets to expand oil production and operating scale
Cotton Draw Midstream
Midstream entity where Devon acquired the remaining noncontrolling interests
Devon Energy FAQ
Common questions about Devon Energy
Devon Energy is a leading independent energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. The company operates a diverse portfolio of high-quality onshore assets in the United States, primarily centered in the Delaware Basin, with additional core positions in the Rockies, Eagle Ford, and Anadarko Basin.
Devon Energy (DVN) has a market capitalization of $54.4B and trades on NYSE.
Devon Energy generated $16.5B in trailing twelve-month revenue with net income of $1.4B, representing a net margin of 8.3%, with free cash flow of $2.9B. These figures are based on the Q1 2026 filing.
Devon Energy's key competitors include EOG Resources, Diamondback Energy, Occidental Petroleum, and others. These companies compete in similar markets and product categories.
Devon Energy has approximately 1,900 employees.