{ "schemaVersion": 1, "organisationId": "O-ecc2df85fda64c6088db0837d3694279", "slug": "devon-energy-de", "name": "DEVON ENERGY CORP/DE", "updatedAt": "2026-09-28T12:07:07.859543Z", "sections": [ { "type": "OVERVIEW", "text": "Devon Energy Corporation is an independent oil and natural gas exploration and production company. It develops and produces oil, natural gas and natural gas liquids from onshore U.S. assets, including operations in the Delaware Basin, Rockies, Eagle Ford and Anadarko Basin. Founded in 1971, the company is headquartered in Oklahoma City. [P76400008][P119215512]\n\nDevon states that its vision is to be a premier independent oil and natural gas exploration and production company. In 2025, it reported $17.2 billion in total revenue and approximately 2,200 employees, all located in the United States. [P14495644][T830217][P8253363]\n[P76400008][P119215512][P14495644][T830217][P8253363]", "updatedAt": "2026-09-28T12:07:07.859543Z" }, { "type": "PRODUCTS", "text": "Devon Energy’s principal products are crude oil, natural gas and natural gas liquids (NGLs) produced from its wells. Natural gas processing also yields residue gas and NGLs, which Devon may sell through a processor or take in kind and market to third-party buyers. In 2025, oil accounted for approximately 79% of Devon’s $11.2 billion in upstream product sales, NGLs for 13% and gas for 8%. [P14584287][P113055932][P5815618][T7820211]\n\nDevon also markets oil, gas and NGLs purchased primarily from third parties. Its midstream activities provide gathering, transportation, compression and dehydration services for other producers’ oil and natural gas. Marketing and midstream revenue is reported together; it totaled $5.6 billion in 2025, but Devon does not separately disclose the revenue attributable to those services in that figure. [P19669760][P18855653][T7820211]\n[P14584287][P113055932][P5815618][T7820211][T7820211][T7820211][T7820211][P19669760][P18855653][T7820211]", "updatedAt": "2026-09-28T12:07:07.859543Z" }, { "type": "GEOGRAPHY", "text": "Devon Energy’s producing operations are concentrated in U.S. onshore basins. Its Delaware Basin assets are in southeastern New Mexico and western Texas; its Rockies assets include the Williston Basin in eastern Montana and western North Dakota and the Powder River Basin in Wyoming. Devon also operates in the Eagle Ford in DeWitt and Karnes counties, Texas, and the Anadarko Basin in western Oklahoma. [P95593305][P44075772][P98630934][P13461506][P103607172]\n\nIn 2025, the Delaware Basin accounted for 180 million barrels of oil equivalent (MMBoe) of production and the Williston Basin for 63 MMBoe, out of 307 MMBoe companywide. These are production figures, not a geographic revenue breakdown. Devon does not disclose revenue by customer country or region, so the geographic destination of its sales cannot be determined from those figures. [T8209229][P14584287] Devon’s contact page identifies Houston as its corporate headquarters and lists offices in Oklahoma City, Tulsa, Midland, Pittsburgh and Montrose; it does not provide an employee distribution by location. [https://www.devonenergy.com/about-us/contact-us]\n[P95593305][P44075772][P98630934][P13461506][P103607172][T8209229][T8209229][T8209229][P14584287][https://www.devonenergy.com/about-us/contact-us]", "updatedAt": "2026-09-28T12:07:07.859543Z" }, { "type": "SEGMENTS", "text": "Devon Energy reports **one segment**: its U.S. oil and gas exploration, development and production operations. It aggregates its operating areas into that segment, so it does not report separate segment revenue or earnings for individual basins. [P90895867]\n\nDevon also describes its operations by producing area rather than as separate reportable segments. The Delaware Basin is its largest operating area and targets oil- and liquids-rich formations; the Rockies comprise the Williston and Powder River basins. Its other areas are the Eagle Ford in South Texas and the Anadarko Basin in Oklahoma. [P95593305][P117647828][P13461506][P103607172] As a production-based indication of scale, the Delaware Basin accounted for approximately **59%** of Devon’s 2025 production and the Williston Basin approximately **21%**. The balance includes Powder River, Eagle Ford and Anadarko production; Devon does not report a separate revenue or earnings contribution for each of these areas. [https://www.sec.gov/Archives/edgar/data/1090012/000119312526056485/dvn-20251231.htm]\n[P90895867][P95593305][P117647828][P13461506][P103607172][https://www.sec.gov/Archives/edgar/data/1090012/000119312526056485/dvn-20251231.htm]", "updatedAt": "2026-09-28T12:07:07.859543Z" }, { "type": "HISTORY", "text": "Devon Energy was founded in 1971 by John and Larry Nichols. It became a publicly traded company in 1988. Its acquisition of Mitchell Energy, completed in 2002, and merger with Ocean Energy in 2003 were major steps in its expansion. [https://www.devonenergy.com/news/2021/Devon-Energy-Celebrates-50-Years-of-Success][https://www.sec.gov/Archives/edgar/data/1090012/000095013402000654/0000950134-02-000654.txt][https://www.sec.gov/Archives/edgar/data/1090012/000095013403006497/d05205exv99w1.htm]\n\nIn 2009, Devon began a strategic shift toward onshore North American exploration and production by planning the sale of its Gulf of Mexico and international assets; it said the repositioning was complete in 2011. In 2014, Devon combined substantially all of its U.S. midstream assets with Crosstex Energy’s assets to create EnLink Midstream. Devon later completed a merger with WPX Energy in 2021 and acquired Grayson Mill Energy’s Williston Basin assets in 2024. [https://www.devonenergy.com/news/2009/Devon-Energy-Announces-Plan-to-Strategically-Reposition-Company-as-High-Growth-Onshore-North-American-Exploration-and-Production-Company][https://www.devonenergy.com/news/2011/Devon-Energy-Receives-Approval-for-Its-Sale-of-Assets-in-Brazil][https://www.devonenergy.com/news/2014/Devon-Energy-and-Crosstex-Energy-Complete-Transaction-to-Create-EnLink-Midstream][https://investors.devonenergy.com/investors/press-releases/press-release-details/2021/Devon-Energy-and-WPX-Energy-Complete-Merger-of-Equals-Transaction/default.aspx][https://investors.devonenergy.com/investors/press-releases/press-release-details/2024/Devon-Energy-Completes-Strategic-Acquisition-in-the-Williston-Basin/]\n[P30473648][P94348555][https://www.devonenergy.com/news/2021/Devon-Energy-Celebrates-50-Years-of-Success][https://www.sec.gov/Archives/edgar/data/1090012/000095013402000654/0000950134-02-000654.txt][https://www.sec.gov/Archives/edgar/data/1090012/000095013403006497/d05205exv99w1.htm][https://www.devonenergy.com/news/2009/Devon-Energy-Announces-Plan-to-Strategically-Reposition-Company-as-High-Growth-Onshore-North-American-Exploration-and-Production-Company][https://www.devonenergy.com/news/2011/Devon-Energy-Receives-Approval-for-Its-Sale-of-Assets-in-Brazil][https://www.devonenergy.com/news/2014/Devon-Energy-and-Crosstex-Energy-Complete-Transaction-to-Create-EnLink-Midstream][https://investors.devonenergy.com/investors/press-releases/press-release-details/2021/Devon-Energy-and-WPX-Energy-Complete-Merger-of-Equals-Transaction/default.aspx][https://investors.devonenergy.com/investors/press-releases/press-release-details/2024/Devon-Energy-Completes-Strategic-Acquisition-in-the-Williston-Basin/]", 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