Devon Energy Analysis
What is Devon Energy?
Product Features & Capabilities
- Oil and natural gas exploration
- Production operations in Delaware Basin
- Production operations in Eagle Ford
- Production operations in Anadarko Basin
- Midstream services
Use Cases
Other Considerations
Recent News
Competitors
- EOG Resources - A leading oil and natural gas exploration and production company, EOG is known for its focus on unconventional resources and has a strong presence in the U.S. shale plays.
- Diamondback Energy
- ConocoPhillips - One of the largest independent exploration and production companies, ConocoPhillips operates globally and is involved in all aspects of the oil and gas industry.
- Apache Corporation - Apache is an independent oil and gas exploration and production company with operations in North America, Egypt, and the North Sea, focusing on both conventional and unconventional resources.
- Range Resources
- Coterra Energy - Formed from the merger of Cabot Oil & Gas and Cimarex Energy, Coterra focuses on the exploration and production of oil and natural gas, with a strong emphasis on operational efficiency.
- Ovintiv Inc - Formerly known as Encana, Ovintiv is a North American energy producer focused on developing its resource base in the U.S. and Canada, with a strong emphasis on technology and innovation.
Sustainability Initiatives
Devon Energy engages in several sustainability initiatives and practices, including: 1. Environmental Performance Targets: The company has established targets to achieve net zero greenhouse gas (GHG) emissions for Scopes 1 and 2 by 2050. They aim to reduce GHG emissions significantly in the interim. 2. Climate Change Initiatives: Devon Energy focuses on climate change as part of their environmental stewardship, implementing practices that align with their governance and organizational structure to address environmental, health, and safety (EHS) concerns. 3. Community Engagement: They emphasize being a good neighbor and community partner, which includes philanthropic efforts and social responsibility initiatives. 4. Sustainability Reporting: Devon publishes annual sustainability reports that highlight their environmental, social, and governance (ESG) performance, showcasing their commitment to responsible energy production. 5. Governance Practices: The company is guided by core values and corporate governance principles that prioritize financial, environmental, and social responsibility. For more detailed information, you can visit their official sustainability page here.
