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Devon Energy Corp (NYSE: DVN) |
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Price: $37.5650
$-0.15 
-0.385%
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| Day's High:
| $37.865
| Week Perf:
| -0.78 %
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| Day's Low: |
$ 37.56 |
30 Day Perf: |
16.21 % |
| Volume (M): |
124 |
52 Wk High: |
$ 38.88 |
| Volume (M$): |
$ 4,692 |
52 Wk Avg: |
$33.86 |
| Open: |
$37.74 |
52 Wk Low: |
$25.89 |
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| Market Capitalization (Millions $) |
23,676 |
| Shares
Outstanding (Millions) |
630 |
| Employees |
1,900 |
| Revenues (TTM) (Millions $) |
17,470 |
| Net Income (TTM) (Millions $) |
2,772 |
| Cash Flow (TTM) (Millions $) |
602 |
| Capital Exp. (TTM) (Millions $) |
3,686 |
Devon Energy Corp
Overview of Devon Energy Corporation
Devon Energy Corporation is an independent energy company actively engaged in various facets of the oil and gas industry. Its primary focus areas include the exploration, development, and production of oil and natural gas, as well as the acquisition of producing properties. The company is involved in the transportation of oil, gas, and natural gas liquids (NGLs) and the processing of natural gas through its subsidiaries.
Geographic Operations
Devon Energy has a diverse geographic operational footprint that encompasses the United States, Canada, and regions outside North America.
- United States: Devons primary operations in the U.S. are concentrated in several major regions:
- Permian Basin: This is a critical area for Devon, known for its rich reserves of oil and natural gas.
- Mid-Continent: Another significant operational area that includes multiple states with prolific oil and gas production.
- Rocky Mountains: This region offers both oil and gas opportunities, with unique geological formations.
- Onshore and Offshore Gulf Coast: The Gulf Coast provides extensive infrastructure and market access for production.
- Canada: Devon operates in the Western Canadian Sedimentary Basin, focusing largely on areas in Alberta and British Columbia where substantial natural resources are located.
- International Operations: Beyond North America, Devon has extensive holdings in:
- Azerbaijan: Engaged in production and exploration activities, contributing to the companys international portfolio.
- China: Involvement in the energy sector aligns with Chinas growth.
- Egypt: Access to emerging markets and opportunities for exploration and production.
- West Africa: Operations in countries such as Equatorial Guinea, Gabon, and Côte d'Ivoire, targeting regions rich in oil reserves.
Marketing and Midstream Operations
In addition to upstream operations, Devon has integrated marketing and midstream operations. These functions involve:
- Marketing: The sale of natural gas, crude oil, and NGLs to various customers, which include pipelines, utilities, gas marketing firms, industrial users, and local distribution companies.
- Midstream Infrastructure: Devon manages the construction and operation of key infrastructure including pipelines, storage facilities, treatment plants, and gas processing plants, enhancing its operational capabilities and market reach.
Customer Base
Devon maintains a diversified customer base that includes:
- Natural Gas Customers: Pipe systems, utilities, and local distribution companies, utilizing existing gathering systems and both interstate and intrastate pipelines for delivery and sales.
- Crude Oil Customers: Refiners and remarketers as well as other companies with proximity to production areas. Where pipelines are not available, Devon may utilize storage facilities or transport oil to refineries directly.
Competitive Landscape
The oil and gas sector is characterized by intense competition. Devon competes against both major integrated oil companies and independent firms in various aspects:
- Acquisition of Prospects: There is competition in securing drilling rights and properties with promising geological formations.
- Contracting Drilling Equipment: Securing drilling rigs and associated equipment can be competitive, particularly in rapidly developing markets.
- Talent Acquisition: Attracting and retaining skilled personnel necessary for operations is critical and competitive.
- Marketing: The marketing of natural gas, in particular, is highly competitive, with numerous players vying for market share.
Recent Developments
As of late 2023, Devon Energy has undergone significant changes to its asset portfolio and operational strategy. This includes:
- Focus on Lower Carbon Initiatives: In response to evolving market demands and regulatory pressures, Devon is investing in technologies and projects intended to reduce carbon emissions associated with its operations.
- Strategic Acquisitions and Partnerships: The company has engaged in acquiring assets that complement its existing portfolio while enhancing its capabilities and resource positions.
- Financial Performance: Devon has focused on returning value to shareholders through dividends and share repurchases, reflecting its commitment to maintaining a strong capital strategy while investing in future growth.
In summary, Devon Energy Corporation remains a robust player in the independent energy sector, diversifying its operations across geographical regions and energy segments, while positioning itself to capitalize on emerging trends in a competitive landscape.
Company Address: 333 West Sheridan Avenue Oklahoma City 73102 OK
Company Phone Number: 235-3611 Stock Exchange / Ticker: NYSE DVN
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Customers Net Income grew by |
DVN's Customers Net Profit Margin grew to |
3.65 % |
13.19 %
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| Management Changes
Published Mon, Jan 13 2025 11:55 AM UTC
In a significant development for Devon Energy Corporation (NYSE: DVN), the company has announced key updates to its executive leadership team, marking a pivotal moment as it navigates an evolving energy landscape. With a focus on sustainability and strategic growth, these leadership changes come at a crucial time for the company, particularly against the backdrop of its ongo...
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| Management Announcement
Published Mon, Dec 9 2024 11:55 AM UTC
In a notable shift within its executive leadership and strategic positioning, Devon Energy Corporation (NYSE: DVN) has announced the retirement of its long-serving President and CEO, Rick Muncrief, set for March 1, 2025. Muncrief, aged 66, has been a pivotal figure in steering the company through various market dynamics and operational challenges. His tenure has been marked ...
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| Merger and Acquisition
Published Fri, Sep 27 2024 8:05 PM UTC
Oklahoma City, Sept. 27, 2024 ? In a bold and strategic move, Devon Energy Corp. (NYSE: DVN) has successfully completed its acquisition of Grayson Mill Energy, a deal valued at an impressive $5 billion before any purchase price adjustments. This acquisition serves to bolster Devon Energy?s presence in the Williston Basin, a region that has become increasingly significant in ...
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| Dividend
Published Tue, Aug 6 2024 8:06 PM UTC
Devon Energy Reports Second-Quarter 2024 Results and Declares Quarterly Dividend Amid Market Challenges
Oklahoma City, Aug. 06, 2024 - Devon Energy Corporation (NYSE: DVN) has released its financial and operational results for the second quarter of 2024, a period marked by notable market dynamics and challenges that have affected stock performance. The company...
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| Stocks on the Move
Published Sat, Jul 27 2024 6:42 AM UTC
In recent trading sessions, Devon Energy Corp (NYSE: DVN) has been experiencing a noticeable slump, marked by four consecutive days of stock losses. The company s shares closed at $46.80 on July 22, reflecting a decline of 1.97% from the previous trading day. This decline contrasts sharply with the overall market, which is up 14.62% year to date.Despite the recent downturn, ...
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| Per Share |
Current |
| Earnings (TTM) |
4.25 $ |
| Revenues (TTM) |
27.72 $
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| Cash Flow (TTM) |
0.96 $ |
| Cash |
-
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| Book Value |
24.35 $
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| Dividend (TTM) |
0.97 $ |
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| Per Share |
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| Earnings (TTM) |
4.25 $
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| Revenues (TTM) |
27.72 $ |
| Cash Flow (TTM) |
0.96 $ |
| Cash |
-
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| Book Value |
24.35 $ |
| Dividend (TTM) |
0.97 $ |
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| Oil Gas and NGL Sales |
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 64.86 % |
of total Revenue |
| Oil Gas and NGL Sales Crude Oil Condensate and Natural Gas Liquids NGL |
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52.34 % |
of total Revenue |
| Oil Gas and NGL Sales Gas |
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4.29 % |
of total Revenue |
| Oil Gas and NGL Sales NGL |
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8.22 % |
of total Revenue |
| Marketing and Midstream Revenues |
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33.29 % |
of total Revenue |
| Marketing and Midstream Revenues Crude Oil Condensate and Natural Gas Liquids NGL |
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21.52 % |
of total Revenue |
| Marketing and Midstream Revenues Gas |
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5.82 % |
of total Revenue |
| Marketing and Midstream Revenues NGL |
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5.96 % |
of total Revenue |
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On February 18 2025 the Devon Energy provided following guidance
nnDevon Energy Corporation Financial Highlights for Fourth Quarter of 2024 and 2025 Outlooknn
nnOklahoma City, February 18, 2025nn ? Devon Energy Corporation (NYSE: DVN) has announced its financial and operational performance for the fourth quarter of 2024. In addition to the quarterly results, the company declared an increase in its quarterly dividend and shared its expectations for financial performance in 2025.
While detailed financial guidance for the upcoming year has been made available, specifics on the projected numbers were not included in the announcement. Stakeholders looking for in-depth insights and comprehensive figures are encouraged to explore the Investor Relations section ...
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7.3% 