Devon Energy Stock Price, News & Analysis
Company Description
Devon Energy Corporation (NYSE: DVN) is an oil and gas producer in the United States. The company describes itself as a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon operates in the crude petroleum and natural gas extraction industry within the broader mining, quarrying, and oil and gas extraction sector.
According to company disclosures, Devon follows a disciplined cash-return business model. The company states that this model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. This emphasis on capital returns and operational discipline is a central part of how Devon presents its strategy to investors.
Devon’s portfolio is described as diversified and multi-basin, with a key focus on the Delaware Basin, which is part of the Permian region. In addition, third-party industry data notes that Devon has acreage in several major U.S. shale plays and that a significant portion of its production comes from the Permian Basin. The company is active in crude oil, natural gas liquids, and natural gas production, reflecting its role in U.S. energy supply.
Devon’s common stock, with a par value of $0.10 per share, is listed on The New York Stock Exchange under the trading symbol DVN, as disclosed in its current reports filed with the U.S. Securities and Exchange Commission (SEC). These filings also identify Devon Energy Corporation as a Delaware corporation with principal offices in Oklahoma City, Oklahoma.
Business model and operations
Devon highlights a business model centered on generating free cash flow from its oil and gas operations and returning capital to shareholders. In its public communications, the company repeatedly links this approach with a focus on safe and sustainable operations. This includes managing its multi-basin portfolio and its Delaware Basin position in a way that supports long-term development.
Devon’s activities place it within the upstream segment of the energy value chain, focused on the exploration and production of crude petroleum and natural gas. Company materials and regulatory filings emphasize operational performance, financial results, and guidance as key metrics for evaluating its progress against this model.
Key assets and geographic focus
Devon identifies its Delaware Basin acreage as a central element of its portfolio, describing this position as world-class and as the headline asset in its diversified multi-basin holdings. Industry data also notes that Devon has positions in several top U.S. shale plays and that the Permian Basin is a major contributor to its production profile.
Beyond the Delaware Basin focus, Devon’s involvement in multiple basins provides exposure to different resource types, including oil, natural gas liquids, and natural gas. This multi-basin structure is part of how the company characterizes its diversification and its ability to manage development opportunities across regions.
Capital returns and shareholder focus
In repeated public statements, Devon underscores that its cash-return business model is designed to generate free cash flow and return capital to shareholders. The company’s news releases describe actions such as declaring quarterly dividends and providing outlooks that align with this stated model. Earnings announcements and related materials, furnished as exhibits to SEC Form 8-K filings, are used to communicate financial and operational results, guidance, and hedging information.
Devon’s approach to capital returns is presented alongside its emphasis on operational discipline. The company links these themes to its broader objective of achieving strong returns while maintaining safety and sustainability in its operations.
Partnerships and related infrastructure
Devon’s operations in the Delaware Basin are supported by agreements and partnerships with infrastructure providers. For example, LandBridge Company LLC has announced a long-term surface use and pore space reservation agreement with Devon to support Devon’s operations in the core of the New Mexico Delaware Basin. Under that agreement, LandBridge will provide pore space capacity on specified surface acreage, with Devon committing to deliver produced water volumes under a minimum volume commitment.
In addition, WaterBridge describes a strategic partnership structure that includes Devon Energy Corporation. WaterBridge and its affiliated entities operate produced water transportation, handling, recycling and reuse assets in the Delaware Basin in West Texas and New Mexico, as well as in other basins. This produced water infrastructure is positioned as supporting energy producers, including Devon, in managing water associated with oil and gas development.
Regulatory reporting and disclosures
Devon Energy files periodic and current reports with the SEC. Recent Form 8-K filings disclose quarterly financial and operational results, including earnings releases and supplemental financial information that cover guidance and hedging information. These documents are furnished as exhibits and are made available through the company’s website.
The company’s SEC filings also address corporate governance matters, such as the election of directors to the Board and related compensation and indemnity arrangements. For example, Devon has reported the election of a new independent director to its Board and the committees on which that director serves.
Stock information
Devon’s common stock trades on the New York Stock Exchange under the symbol DVN, as indicated in its SEC filings. The company identifies its common stock as having a par value of $0.10 per share. Investors and analysts follow Devon’s stock in connection with its quarterly results, dividend declarations, and updates on its operational outlook.
Position in the energy sector
Within the crude petroleum and natural gas extraction industry, Devon is an established U.S. producer with a multi-basin asset base and a highlighted position in the Delaware Basin. The company’s communications emphasize its focus on returns, free cash flow generation, and capital returns to shareholders, combined with attention to safe and sustainable operations.
Frequently asked questions about Devon Energy (DVN)
- What does Devon Energy do?
Devon Energy is an oil and gas producer in the United States. The company operates in the crude petroleum and natural gas extraction industry and describes itself as a leading U.S. producer with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. - Where is Devon Energy based and on which exchange does it trade?
Devon Energy Corporation is identified in SEC filings as a Delaware corporation with principal offices in Oklahoma City, Oklahoma. Its common stock is listed on The New York Stock Exchange under the trading symbol DVN. - How does Devon Energy describe its business model?
Devon describes its approach as a disciplined cash-return business model. According to the company, this model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. - What is the significance of the Delaware Basin for Devon Energy?
Devon highlights a world-class acreage position in the Delaware Basin as the headline asset in its diversified multi-basin portfolio. This position in the Delaware Basin, part of the broader Permian region, is a key focus of the company’s U.S. oil and gas development activities. - How does Devon Energy communicate its financial and operational results?
Devon reports financial and operational results through earnings releases and supplemental financial information that include guidance and hedging information. These materials are furnished as exhibits to Form 8-K filings with the SEC and are made available through the company’s website. - What role do partnerships play in Devon Energy’s operations?
Devon’s operations in the Delaware Basin are supported by agreements and partnerships with infrastructure providers. For example, LandBridge has announced a long-term surface use and pore space reservation agreement with Devon, and WaterBridge describes a strategic partnership structure that includes Devon Energy Corporation for produced water handling infrastructure in the Delaware Basin and other basins. - Does Devon Energy pay dividends?
Company news releases report that Devon has declared quarterly dividends in connection with its financial and operational results. These dividend declarations are communicated alongside earnings announcements and outlook updates. - How is Devon Energy governed?
Devon’s SEC filings describe a Board of Directors that includes independent members and board committees such as the Audit and Safety, Operations, and Resource Committees. The company has reported the election of new independent directors and outlines standard indemnity and compensation arrangements for non-management directors.