Devon Energy
company
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with headquarters in Houston, Texas. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains (Williston Basin and Powder River Basin).
The company was ranked 259th on the Fortune 500 in 2026, while Coterra Energy, newly acquired that May, was ranked 496th. It is also ranked 607th on the Forbes Global 2000.
As of December 31, 2025, the company had proved reserves of 2,428 million barrels of oil equivalent (1.485×1010 GJ), of which 40% was petroleum, 30% was natural gas liquids, and 30% was natural gas.
History
Devon was founded in 1971 by John Nichols (1914-2008) and his son, J. Larry Nichols. In 1988, the company became a public company via an initial public offering.
In October 2012, the company completed construction of its current headquarters, the 50-story Devon Energy Center in Oklahoma City, Oklahoma and closed its office in the Allen Center in Downtown Houston.
In February 2016, Devon announced plans to lay off 1,000 employees, including 700 in Oklahoma City, and cut its quarterly dividend to $0.06 per share due to low prices of its products.
The public source identifies “Devon Energy” as company. This brief keeps that definition visible, then builds a research path around Devon, Energy and company.
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Chronology, provenance and viewpoint should be read together before a broad social or political interpretation is accepted. The source revision retrieved here is dated Aug 3, 2026. The linked authority identifier is Q1206980. VIAF identifies the subject as 134434473. The Library of Congress control number is nr98033383. 2 of 4 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 2026, 2000, 2025 and 1010.
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This entry incorporates text from “Devon Energy” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.