Devon Energy Pledges Up to $20 Million to Aid Humanitarian Efforts in Ukraine
Devon Energy has pledged up to $20 million to aid humanitarian efforts for Ukrainian refugees affected by the ongoing crisis. The contributions will be distributed among various organizations providing essential services such as medical care, food, and housing. In light of the devastation caused by Russia's invasion, which has resulted in over 3 million refugees and 12 million people in need of assistance, the company emphasizes the importance of global solidarity. CEO Rick Muncrief expressed pride in Devon's commitment to supporting those in dire need.
- Pledge of up to $20 million for humanitarian aid, enhancing corporate social responsibility.
- Support for a significant global humanitarian crisis can improve company image and shareholder sentiment.
- None.
OKLAHOMA CITY, March 17, 2022 (GLOBE NEWSWIRE) -- Devon Energy announced today a pledge of up to
Homes, roads, airports, and schools in Ukraine lie in ruins, with dozens of health facilities also suffering attacks while hundreds of thousands are without water or electricity.
“We heard Ukrainian President Zelensky’s call for help in his address to the American people and are stepping up,” said Rick Muncrief, President and CEO. “Ukrainians need medical assistance, food and shelter, and I am proud that Devon and our employees are doing what we can to help those desperately in need. Russia’s unprovoked invasion has led to a humanitarian crisis in Ukraine that calls upon the global community — governments, businesses, and individuals — to act in solidarity.”
According to UN reports, more than 3 million people, to date, have fled from Ukraine to neighboring countries and more than 2 million people have been internally displaced since Russia’s attack on the country Feb. 24. The UN estimates more than 12 million people inside Ukraine may need relief and protection in the coming months.
About Devon Energy
Devon Energy is a leading oil and gas producer in the U.S. operating in five basins while focusing on sustainable operations. For more information, please visit www.devonenergy.com.
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