Overview

Devon Energy was incorporated in 1971 and headquartered in Oklahoma, US. It is an independent energy company engaged primarily in the exploration, development, and production of oil, natural gas, and NGLs. Its operations are concentrated in various onshore areas in the U.S. In January 2021, Devon and WPX completed an all-stock merger of equals. WPX was an oil and gas exploration and production company with assets in the Delaware Basin in Texas and New Mexico and the Williston Basin in North Dakota. This merger enhanced the scale of the company’s operations, built a leading position in the Delaware Basin, and accelerated our cash-return business model that prioritizes free cash flow generation and the return of capital to shareholders. In 2022, the company had 1,800 employees and generated $19,169 million in revenue.