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Devon Energy is an independent energy company specializing in oil and gas exploration and production with a focus on sustainability and shareholder returns.
Devon Energy Corporation is an independent energy company primarily engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs). Founded in 1971 and publicly held since 1988, Devon focuses its operations in various onshore regions across the United States, particularly in the Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin, and Powder River Basin. Following an all-stock merger with WPX Energy in January 2021, Devon has solidified its position as a significant player in the energy sector, focusing on capital-efficient growth amid fluctuating commodity prices.
The company's strategy emphasizes delivering sustainable, capital-efficient cash flow growth while maintaining strong stakeholder relations and adhering to environmental, social, and governance (ESG) principles. Devon operates with a premier and sustainable portfolio of assets, ensuring their operations are not only profitable but also responsible and ethical towards the environment. Their commitment to financial strength, superior execution of operations, and robust shareholder returns positions them competitively in the volatile energy market.
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