Headquartered in Houston, TX·Fiscal year ends December·NYSE: DVN·devonenergy.com
About Devon Energy
Devon Energy Corporation is a U.S.-based oil and gas exploration and production company with a diversified multi-basin portfolio. Following its May 2026 merger with Coterra Energy, Devon operates across five major basins: the Delaware Basin (Permian), Rockies (Powder River and DJ Basins), Eagle Ford, Anadarko Basin, and the Marcellus Shale. The Delaware Basin is the company's flagship asset. Devon's business model emphasizes disciplined capital allocation, free cash flow generation, and returning capital to shareholders through a fixed dividend and share repurchase program. The company also has midstream operations and maintains commodity hedging programs across oil and natural gas to manage price volatility. Updated
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