Welcome to our dedicated page for Devon Energy Corporation news (Ticker: DVN), a resource for investors and traders seeking the latest updates and insights on Devon Energy Corporation stock.
Devon Energy Corporation (NYSE: DVN) is a top-tier independent oil and natural gas exploration and production company. Headquartered in Oklahoma City, Devon boasts premier positions in North America's most prolific plays, including the Permian Basin, Eagle Ford, and Canada's oil sands. With a reported net production averaging approximately 658,000 barrels of oil equivalent per day in 2023, Devon’s operations significantly contribute to North America's energy supply. The company’s portfolio reported net proved reserves of 1.8 billion barrels of oil equivalent at the end of 2023, with a production mix of 73% oil and natural gas liquids and 27% natural gas.
Devon’s business model emphasizes entrepreneurialism, innovation, leadership, and collaboration, which drive its mission to meet North America's growing energy demands. The company is a staple in the US energy sector, listed on the Fortune 500 and recognized as one of the Fortune 100 Best Companies to Work For. It is also a respected employer in Canada, featured on the Best Workplaces in Canada list by the Globe and Mail.
Recent achievements include a strategic partnership with WaterBridge NDB to form NDB Midstream LLC, creating the largest private water infrastructure system in the Delaware Basin. This partnership enhances Devon's water management capabilities, supporting its drilling plans and water reuse operations. Devon also maintains a robust financial position, ensuring sustainable operations and capital returns to shareholders.
Devon's core business lies in oil and gas production, with significant acreage in the Permian Basin, Anadarko, Eagle Ford, and Bakken basins. The company focuses on maximizing asset development through a disciplined cash-return business model, aiming to generate free cash flow and strong returns for investors. Recent developments also highlight Devon's commitment to sustainable practices and innovation in the energy sector.
For career opportunities and more information, visit Devon Energy Careers.
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