Devon Energy Corporation

Alpha Score of 50 reflects moderate overall profile with strong momentum, weak value, moderate quality, poor sentiment.

Devon Energy Corporation is an independent energy company engaged in oil and gas exploration and production within the energy sector. Founded in 1971 and headquartered in Oklahoma City, Oklahoma, it focuses on high-value shale plays across the United States, including the Permian Basin, which accounts for roughly two-thirds of its output, as well as the Anadarko, Eagle Ford, and Bakken basins. The company reported net proved reserves of 2.2 billion barrels of oil equivalent at the end of 2024, with average daily production of approximately 848,000 barrels of oil equivalent, comprising 73% oil and natural gas liquids and 27% natural gas. Employing around 2,300 people, Devon Energy Corporation maintains a significant presence with a market capitalization of about US$23.8 billion and supports operations through multiple international listings. Its activities contribute to the U.S. onshore oil and gas market, emphasizing efficient resource development in premier unconventional reservoirs.