Devon Energy Corporation

Devon Energy Corporation

Is oil and natural gas exploration and production company. Learn more

Launch date
Employees
Market cap
€22.8b
Enterprise valuation
€27.6b (Public information from Sep 2024)
Oklahoma City Oklahoma (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues4.8b12.2b19.2b15.3b15.8b17.9b18.9b
% growth(22 %)153 %57 %(20 %)3 %14 %5 %
EBITDA1.2b5.5b10.3b7.5b7.8b8.9b9.0b
% EBITDA margin25 %45 %54 %49 %49 %50 %48 %
Profit(2.7b)2.8b6.0b3.7b3.2b3.9b3.9b
% profit margin(56 %)23 %31 %25 %20 %22 %20 %
EV / revenue1.7x2.8x2.4x2.3x2.2x1.9x1.8x
EV / EBITDA6.7x6.2x4.4x4.6x4.6x3.8x3.7x
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DateInvestorsAmountRound
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IPO

$2.8b

Acquisition
N/A

N/A

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*

$238k

Post IPO Equity
*

$9.7m

Post IPO Equity
Total Funding-

Recent News about Devon Energy Corporation

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More about Devon Energy Corporationinfo icon
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Devon Energy Corporation is a leading independent energy company engaged in the exploration, development, and production of oil and natural gas. Operating primarily in the United States, Devon serves a diverse range of clients including industrial, commercial, and residential sectors. The company focuses on key oil and gas regions such as the Delaware Basin, Powder River Basin, and Anadarko Basin. Devon's business model revolves around acquiring and developing high-quality assets, optimizing production, and maintaining operational efficiency. Revenue is generated through the sale of crude oil, natural gas, and natural gas liquids. Devon is also committed to sustainability, aiming to reduce carbon intensity, minimize freshwater usage, and engage constructively with its value chain. The company supports community initiatives, including partnerships with local schools to promote STEM education.

Keywords: oil, natural gas, exploration, production, sustainability, Delaware Basin, Anadarko Basin, STEM education, carbon reduction, operational efficiency.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Devon Energy Corporation

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Felix Energy LLC
ACQUISITION by WPX Energy Mar 2020
Ocean Energy
ACQUISITION by Devon Energy Corporation Feb 2003
Chief Oil & Gas
ACQUISITION by Devon Energy Corporation Jul 2006
RimRock Oil & Gas Holdings, L.P.
ACQUISITION by Devon Energy Corporation Jul 2022
Grayson Mill Energy
ACQUISITION by Devon Energy Corporation Jul 2024
Validus Energy
ACQUISITION by Devon Energy Corporation Aug 2022